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 …
Tag Archives: foreclosure
Renovation Mortgage
Posted 14 days ago byMortgage News Today
Posted 37 days ago byShareI’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 59 days ago byShareHave 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 161 days ago byShareAnd 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 164 days ago byShareA 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 177 days ago byShareAmerican 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 …
Posted in Mortgages, News Tagged foreclosure, Mortgage, national association of realtors No Comments
Housing Relief – Stop It!
Posted 253 days ago byShareI’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 …
Posted in Mortgages Tagged Fannie-Mae, foreclosure, Freddie-Mac, home, housing, interest rates No Comments
Mortgage Write-Downs Good or Bad?
Posted 269 days ago byShareSome 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. …
Shadow Inventory Growing – Foreclosures
Posted 297 days ago byShareWe’ve been saying that despite media reports that the worst of the Housing Market is behind us, that’s just not how we see it. Though real estate has been and always will be a “Local” market there are many places …
Mortgage Foreclosures Decline & Rates Stable
Posted 361 days ago byShareMortgage-foreclosure activity decreased in April for the seventh straight month, bringing total foreclosure activity to a 40-month low, according to a new report from RealtyTrac. Like any news story there is always the “Headline” story and the “Real” story. The …
Posted in Mortgages, News Tagged foreclosure, interest rates, Jumbo Home Loan, mortgage rate, super-jumbo mortgages No Comments