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May 2012 - Posts
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The stigma against buying a foreclosed property eroded in recent years with buyer interest in foreclosure acquisitions tripling over the past two and a half years, Realtor.com said Wednesday. Ninety-two percent of potential foreclosure buyers surveyed Read More...
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WEST PALM BEACH, Fla. - Dozens of foreclosed homes are sold at auction every week, some for a steal. But bidders beware, experts say the online foreclosure process is a lot trickier than bidding on eBay! Mike Berry, an experienced real estate broker, Read More...
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The Federal Housing Administration, the government insurer of home mortgages, is often credited with saving the home finance market during the worst of the latest housing crash. When no one else would lend to lower-income borrowers, the FHA stepped in, Read More...
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The median price of an existing home that sold in April of this year was $177,400 , an increase of just over ten percent from a year ago. That is the biggest price jump since January of 2006. The difference between now and then, though, is the 2006 price Read More...
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Have you heard of eWarehouseOne? To view TBWSDaily's video on this alleged fraud click here eWarehouseOne's website can be found at ewarehouseone.com Interestingly, all of the names of their account executives have been recently removed from the Read More...
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The Federal Housing Administration may ease restrictions on financing purchases of condominium units. To protect a struggling emergency insurance fund, the FHA put rules in place barring new loans on developments with more than 15% of the units more than Read More...
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The House of Representatives voted 394-27 Friday approving an amendment to widen foreclosure protections for military servicemembers. Reps. Elijah Cummings, D-Md., Bob Filner, D-Calif., and Adam Smith, D-Wash., introduced the amendment this week to a Read More...
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WASHINGTON – May 21, 2012 – Months after the first invitations were mailed, only a small percentage of eligible borrowers have accepted a chance to have their foreclosure cases checked for errors and maybe win restitution. By April 30, fewer Read More...
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Rental households comprise 34% of the housing stock and are growing at the incredible rate of 1.6 million per year, while owned households are actually declining in number, according to John Burns Real Estate Consulting , which called the increase an Read More...
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While the rest of the county buzzed Friday about Facebook ’s first day as a public company, real estate agent Brian Chancellor saw the effect months earlier. Chancellor put a client’s house on the market in February for roughly $1.2 million Read More...
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Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis. Foreclosure filings, which include Read More...
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Bank of America said Tuesday it’s launching a nationwide program that pays homeowners as much as $30,000 to complete short sales. The lending giant tested a similar program in Florida last year from Sept. 26 through Nov. 30, and nearly 11,000 Florida Read More...
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WASHINGTON — Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie Mac Read More...
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How many homeowners have the banks been able to help following the National Mortgage Settlement? According to this West Palm Beach news report, apparently, not many... yet. PALM BEACH COUNTY, Fla. - It's been three months since the $25 billion National Read More...
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I discussed the below article today on my radio show the "Real Estate Pros" on WPSL AM 1590 out of Port St Lucie, Fl. You can view the show on my website . We discussed the reductions around 40 minutes into the show. A select group of struggling Read More...
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