From the latimes.com - an excerpt: Pro Teck Valuation Services, a national appraisal firm in Waltham, Mass., recently completed research in 30 major metropolitan areas that dramatically illustrates the point. All of the fastest-rebounding markets in October — those ...
From the wsj.com: Troubled homeowners who get a break from their mortgage lenders could face a hefty tax bill next year if a key provision expires at the end of the year, though state laws could determine which borrowers will have to write a check to Uncle Sam....
Hat tip to daytrip for sending in this article from the latimes.com alerting us to the expiring The Mortgage Debt Relief Act of 2007, wrapped around the free cheese in the recent JP Morgan settlement:...
From DSNews.com: As home prices improve and headlines spell out recovery, those on the ground in housing markets across the country are encountering a new threat: “zombies.” These so-called “zombie” foreclosures take place when a bank initiates foreclosure on a...
Back in the old days there were 100-500 foreclosures per year in SD County: We've already had 1,504 properties get foreclosed in the first half of 2013, so historically we're still at elevated levels. But with the county averaging 3,000+ total sales per month, lenders...
Hat tip to Booty Juice for sending in Nick's article on the Las Vegas market- and the effects of halting foreclosures: http://online.wsj.com/article/SB10001424127887323687604578467260571838502.html You'll need to be a subscriber to read the full article - but here are...
Hat tip to Ken for sending in this article from Forbes: http://www.forbes.com/sites/morganbrennan/2013/06/24/3-reasons-the-bubble-like-surge-in-home-prices-wont-last/ An excerpt that suggests one reason why prices are going up: In some cases banks are choosing to hold...
NORTH SACRAMENTO (CBS13) — Real-estate agents are trying find new ways to combat squatters they say are devaluing their properties. Our CBS13 crew got a firsthand look as they discovered squatters staying in an empty home. Re/Max real-estate agent Zack Alber toured...
Another fishy can-kicking device being employed here - hat tip to SD Squatter for sending this in from the latimes.com: Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised...
An excerpt from HW: Any homebuyer on the market right now will tell you the crowd of buyers and multiple offers are creating a challenge. Those in search of distressed homes owned by the U.S. Department of Housing and Urban Development are not immune to this...
