Home Prices Show Signs of Revival Spring is typically the season when people shop for houses. Many families like to complete their home purchase by the end of the summer so as to not uproot their children during the school year. And let’s face it: houses just look more enticing when flowers are out. But […]
Home Prices Show Signs of Revival
Home Prices Show Signs of Revival Spring is typically the season when people shop for houses. Many families like to complete their home purchase by the end of the summer so as to not uproot their children during the school year. And let’s face it: houses just look more enticing when flowers are out. But […]
More Homeowners Choose to Default on Home Loans
More Homeowners Choose to Default on Home Loans “Strategic defaults” are on the rise as more borrowers who are underwater on their home loans decide it’s not worth it to stay current on their payments each month. That trend could have repercussions for the housing market, and for borrowers, in the future. Strategic defaults are […]
Lower Home Appraisals Will Help Some, Hurt Others
Lower Home Appraisals Will Help Some, Hurt Others Those who get hurt by lower appraisals are the sellers, who become underwater or even more than 25% underwater, which appears to be the threshold for mortgage mitigation programs. The lower the appraised value, the less likely a servicer will be willing to offer a Short Sale […]
Home Prices Drop for Seventh Straight Month
Home Prices Drop for Seventh Straight Month Integrated Asset Services, LLC (IAS) reported recently that its benchmark for national house prices fell 0.6 percent in February. The drop marked the seventh straight monthly decline reported by the collateral valuation firm and pushed its home price gauge to April 2004 levels. With the February decline, the […]
Navigating the Mortgage Minefield
Navigating the Mortgage Minefield Even if you have stellar credit these days, there may be stumbling blocks in the road toward getting approved for a mortgage. The smallest misstep can set back the process. Lenders check credit reports at the beginning and toward the end of the process, any changes are scrutinized and could be […]
Homeowners Coming to Terms with Actual Home Prices
Homeowners Coming to Terms with Actual Home Prices The real estate smart search engine Trulia just recently released its March 2010 Reduction Report revealing that homeowners were finally coming in line with agents about what their homes are really worth. March marked a record low in residential property price reductions due to a more realistic […]
Why Rent When Home Prices Are So Low?
Why Rent When Home Prices Are So Low? Mortgage rates are at record lows. Home prices are at record lows, and the federal government is offering tax credits for purchasing a home. Why then should anyone rent? Home prices and mortgage rates have dropped so much that the cost to own and maintain a house […]
Help Arrives for Distressed Homeowners
Help Arrives for Distressed Homeowners Help could soon arrive for homeowners who don’t have the financial resources to make their mortgage loan payments. Mortgage rates and home prices could become a distant memory, while releasing owners from any liability. One of the nation’s largest mortgage servicer providers, CitiMortgage, just launched a new program aimed at […]
Home Price Reductions Drop Again
Home Price Reductions Drop Again According to a report released by Trulia.com, 21 percent of the homes for sale as of January 1, 2010 have experienced at least one price cut. This makes the second consecutive month that price reduction levels have decreased and the lowest level since Trulia started tracking price reductions in April […]
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