Home Prices Have Officially Double-Dipped: Clear Capital
Source: DSnews.com The national home price index from Clear Capital has officially entered double-dip territory. The company says data through the end of April has pushed its reading of national home prices 0.7 percent below the prior low recorded in March 2009, as markets have become saturated with bank-owned properties. Clear Capital’s report shows prices… Read More
House Republicans Take Aim at Four Foreclosure Prevention Programs
Update (3/17/11): The House of Representatives Republican majority voted on Wednesday to withdraw funding for HUD’s Neighborhood Stabilization Program. The vote was largely along party lines. The measure is not likely to be heard in the Democrat-led Senate. *********** Original post: Last week, the House of Representatives voted to end two foreclosure prevention programs and… Read More
Buying A Home After Foreclosure or Short Sale | Wait Time To Buy Again After Short Sale
How long will a former homeowner who sold through a short sale or foreclosure have to wait before they can buy another home? Here are the rules…. Waiting Period Requirements to Buy a Home Again. The waiting periods in order to qualify for a home loan after a foreclosure, deed-in-lieu, short sale and bankruptcy varies… Read More
Over 47% of all home sales in December were short sales or foreclosures, up from 44.5% in November
Over 47% (66% in California) of all home sales in December were short sales or foreclosures, up from 44.5% in November. CNBC’s Diana Olick has more on this and other real estate headlines.
Churches Become the Latest Victims of Foreclosure
Source: Atlanta Post – Brittany Hutson The country is still reeling from residential and commercial real-estate properties falling into foreclosure, but the banks are going to have even messier plates due to recent reports that a number of churches are struggling to keep their doors open. According to The Wall Street Journal, many churches borrowed… Read More
California hotel foreclosures more than doubled in 2010
Source: LA Times An industry consultant’s survey shows that 138 lodgings were in foreclosure last year, up from 62 in 2009. The firm expects the trend to continue through the first half of this year. The number of California hotels in foreclosure more than doubled in 2010 to 138 properties, according to a new real… Read More
5892 E Mono St, 93727
Here’s your chance to buy a great property at foreclosure prices. You have got to see this gorgeous home built in 2008 featuring 4 bedrooms, 3 bathrooms, 2,743 square feet of living space, situated on a 9,378 square foot lot. This property has many upgrades including a tile roof, a 3 car garage, and a… Read More
204 E Robinson Ave, 93704
Here’s your chance to buy a great home at foreclosure prices. Old School Charm with today’s updated amenities! This immaculate Fresno High home has been remodeled and updated in all the right areas. The newly remodeled gourmet kitchen is a MUST see with its 5′x8′ granite top island, granite counters, tile floors and backsplash, beautiful… Read More
Housing Double Dips Deeper Than Expected
From CNN Money… Home prices took a shockingly steep plunge on a monthly basis, an indication that the housing market could be on the verge of — if it’s not already in — a double-dip slump. Prices in 20 key cities fell 1.3% in October from a month earlier, an annualized decline of 15%, according… Read More
