Tag Archives: foreclosure

Mortgage Foreclosures Ending?

Posted ago by Cary Cox

ShareThere seems to be some thought that the mortgage foreclosure nightmare is finally ending according to Realty-Trac: The number of new foreclosure filings in August hit its lowest level in nearly eight years, according to RealtyTrac, an online marketer of …

Posted ago by Cary Cox

ShareThere are still lots of mortgages underwater in the nation as found here in a great article by Zillow. These mortgages in my opinion will continue to hold the housing market down for years to come as these numbers don’t …

Renovation Mortgage

Posted ago by Cary Cox

ShareAccording to finanaical investment company Morgan Stanley about ninety-five percent of foreclosed homes need some type of renovation or rehab work done to them. With investors seeking to acquire rental properties through REO sales it’s important to be able to …

Mortgage News Today

Posted ago by Cary Cox

ShareI’ve been saying it for months if not the last couple of years the mortgage and housing crisis is not over. There is so much “Shadow Inventory” being held on the books by the banks and mortgage serrvicing companies that housing …

Houston Home Sales

Posted ago by Cary Cox

ShareHave you ever heard the saying, “Thank your lucky stars you live in Texas”? Well when it comes to real estate values those words ring true compared to much of the rest of the country. Houston Home Sales data was …

Mortgage Foreclosures Set New Record

Posted ago by Cary Cox

ShareAnd while the current administration in Washington D.C. continues to “rearrange deck chairs on the Titanic” and claim “all is well” we are clearly not headed in the right direction – economically or the housing market. See the most recent …

FHA Mortgage Appraisal Standards

Posted ago by Cary Cox

ShareA mortgage appraisal is the last line of defense for a lender. The mortgage lender must know that the value of the home is accurate in order to make the proper decision whether to grant the mortgage to the borrower …

Mortgage Rates Help Housing Numbers

Posted ago by Cary Cox

ShareAmerican bought more homes last month than previously expected by the forecast of a consensus of economist across the financial sector.  The government reported that October sales of existing homes was up by over one percent when the expectation of …

Housing Relief – Stop It!

Posted ago by Cary Cox

ShareI’ve been saying since the housing crisis started the government needs to get the hell out of the way and let the market play out naturally. Any time they come up with some crazy program it has unintended consequences that …

Mortgage Write-Downs Good or Bad?

Posted ago by Cary Cox

ShareSome things sound great in theory, but many times have unintended consequences that people don’t consider. Mortgage write-downs, the act of a bank lowering the principle balance due in order to lower the home-owner’s debt and payment is no different. …