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September 2011 Blog Posts (35)

'Flopping' Homes the Latest Short-Sale Scam

 

 

 

'Flopping' Homes the Latest Short-Sale Scam

 By: Ann Brenoff

 

 Wherever there is a crisis, there will be a line of unscrupulous people poised to take advantage of it. The housing crisis is no exception. According to CoreLogic, fraud occurs in one in every 53…

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Added by Short Sale Guru on September 30, 2011 at 9:09am — No Comments

Determining a Home’s Value

 

 

Determining a Home’s Value

By: Vickie Elmer

 

 

AGAIN and again, you hear about mortgage rates hitting historic lows; now you’re thinking…

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Added by Short Sale Guru on September 30, 2011 at 9:01am — No Comments

Refinancing your mortgage? Understand appraisals

 

 

Refinancing your mortgage? Understand appraisals

 

By: Candice Choi

 

 

Mortgage rates are tantalizingly low. But for some homeowners, the opportunity to…

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Added by Short Sale Guru on September 29, 2011 at 11:24am — No Comments

Beware Legal Pitfalls With Foreclosures, Short Sales

 

 

Beware Legal Pitfalls With Foreclosures, Short Sales

 

By: Daily Real Estate News

 

Short sale and foreclosure transactions can be fraught with potential legal problems for real estate professionals. And as the number of these transactions continues to skyrocket, agents…

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Added by Short Sale Guru on September 29, 2011 at 11:06am — No Comments

Refinancing an underwater home in rough financial seas

 

Refinancing an underwater home in rough financial seas 

 

By: Jim Gallagher

 

Think of 100,000 St. Louis homeowners as hungry kids with their noses pressed against the window of a financial candy store.



Luckier homeowners are getting something really sweet — 30-year…

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Added by Short Sale Guru on September 28, 2011 at 10:17am — No Comments

Drowned themselves

 

 

Drowned Themselves

By: Rona Fischman

 

The most common reason that sellers are underwater now is not because of their initial mortgage. It is because they kept borrowing against the bubble-level equity of their house. Some did it to improve the house with a new kitchen, put on an…

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Added by Short Sale Guru on September 27, 2011 at 3:40pm — No Comments

New home sales continue to dip

 

 

 

New home sales continue to dip

By: Winston Jones

The new home market is nearly non-existent in Carroll County, but sales of pre-existing homes is looking up, according to…

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Added by Short Sale Guru on September 27, 2011 at 3:03pm — No Comments

Pay for Performance

 

 

Pay for Performance

By: Laura Thompson Osuri

Loan Value Group, a firm in Rumson, N.J., has been experimenting with the idea. It has a program, called RH Rewards, through which banks, mortgage servicers, hedge funds, insurers—pretty much any institution that carries mortgage risk—can…

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Added by Short Sale Guru on September 26, 2011 at 2:53pm — No Comments

First-Time Buyers Losing Interest in Short Sales

 

 

First-Time Buyers Losing Interest in Short Sales

 By: Real Estate Economy Watch

Processing delays have taken their toll on first-time homebuyer interest in short sales, which now account for more than one of every six house sales, according to the latest Campbell/Inside Mortgage Finance…

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Added by Short Sale Guru on September 26, 2011 at 2:41pm — No Comments

Tips for the First Time Home Buyer

 

 

Tips for the First Time Home Buyer

 

By: Ken Roy

 

 

The current low housing prices and record low interest rates combined make the idea of homeownership more attainable for young families. Now might be the perfect time to start thinking about what you need to do in…

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Added by Short Sale Guru on September 26, 2011 at 1:10pm — No Comments

Buy Low And Sell High: U.S. Real Estate?

 

Buy Low And Sell High: U.S. Real Estate?

 

By: Aaron Katsman

 

Buy low and sell high. We are generally reminded of that old investing refrain when we make a bad stock pick and up end doing the opposite, selling low. For many investors while buying low and selling high sounds great…

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Added by Short Sale Guru on September 23, 2011 at 10:43am — No Comments

Slow sales of bank-owned houses helps stabilize prices

 

Slow sales of bank-owned houses helps stabilize prices

 

By: Courtney Edelhart

 

Bakersfield's disproportionate number of lender-owned houses may be helping insulate the local real estate market from price fluctuation.



That was the assessment of two California Association…

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Added by Short Sale Guru on September 23, 2011 at 10:36am — No Comments

Real estate sales continue rise in August

 

 

Real estate sales continue rise in August

 

By: Inman News

After a double-digit, year-over-year jump in sales in July, existing-home sales continued to post increases in August, according to the latest monthly report from the National…

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Added by Short Sale Guru on September 22, 2011 at 10:21am — No Comments

Equity may affect your plans to refinance mortgage

 

 

Equity may affect your plans to refinance mortgage

By: Doug Staley

 

 

As mortgage rates have plummeted to their lowest levels in 60 years, more homeowners are choosing to refinance in hopes of saving thousands of dollars a year.



But the pool of people eligible…

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Added by Short Sale Guru on September 22, 2011 at 9:46am — No Comments

Agency encourages short sales by offering money

 

Agency encourages short sales by offering money

By: Catherine Reagor

 

 

 

Money to help struggling homeowners complete short sales is the latest way the Arizona Department of Housing is trying to spend its $269 million in federal foreclosure-prevention funds.



The…

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Added by Short Sale Guru on September 22, 2011 at 9:10am — No Comments

The Bigger the Loan, the Longer to Foreclose

 

The Bigger the Loan, the Longer to Foreclose

By: Alex Farreras

 

 

When it comes to foreclosing, lenders see some delinquent homeowners as more equal than others.



Mortgage debt of more than a half-million dollars seems to get lenders to look the…

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Added by Short Sale Guru on September 21, 2011 at 2:14pm — No Comments

Increased lending, short sales necessary to reduce high REO inventories, say Realtors

 

 

Increased lending, short sales necessary to reduce high REO inventories, say Realtors

By: Press Release 

 

 

 

 

 

 

Improving access to affordable mortgage financing for qualified homebuyers and investors and committing additional…

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Added by Short Sale Guru on September 21, 2011 at 9:36am — No Comments

Let The Banks Eat Cake

Let The Banks Eat Cake

By: Michael Cohen 

 

Have you wondered why so many people, underwater on their mortgages, soldier on under mountains…

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Added by Short Sale Guru on September 20, 2011 at 9:30am — No Comments

Buyers, sellers chafe at low home appraisals

 

 

Buyers, sellers chafe at low home appraisals

 

By: Paul Owers

 

Low appraisals continue to block people from selling homes or refinancing mortgages, leaving many sellers and real estate agents unhappy.



"We really feel we're at the mercy of appraisers," said Randy Lane, a Broward…

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Added by Short Sale Guru on September 19, 2011 at 10:16am — No Comments

Local home prices drop in contrast with other parts of state

 

Local Home Prices Drop In Contrast With Other Parts Of State

By: Lee Howard  

 

 

The region's real estate prices recorded the fourth-highest percentage decline in the nation last quarter, according to a new survey, but local experts said statistics show a sharp dichotomy between two market…

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Added by Short Sale Guru on September 19, 2011 at 9:52am — No Comments

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