From NMN: Fannie Mae wants out of its defaulted residential mortgage holdings as quickly as possible and is warning loan servicers not to stand in its way. The government-sponsored enterprise notified servicers Tuesday that it will begin monitoring them to determine...
This is a decent business opportunity for the right people, for just $695,000:
The amount of properties being foreclosed is still lower than the last two summers: Jun-Aug Back-to-Bene 3rd-Party Buys Total # of SD properties foreclosed 2008 5,685 186 5,871 2009 3,284 916 4,200 2010 2,211 901 3,112 But at least the recent trend is heading in the...
The late-reporters will add about 10% to these numbers, but it looks like the overall sales will continue their downward trend. When you drill down to the individual zip codes, it's a mixed bag, but good to see 92067 slip under $400/sf for the third time this year. ...
