With talks of the housing market still now making a clear path to recovery, it is so easy to get caught up in all the predictions coming out these days. But just how important is it to let these predictions affect our perception of the housing market? Maybe not so much. Just recently, Fannie Mae and Freddie Mac’s regulator published a Read full article »
Archives for Residential
Foreclosure Fraud Lead To Investor Non-Activity
People are now aware that the foreclosure mess has led to lower sales on foreclosed homes. But what they don’t know is that it has also affected another group of people considered more influential in aiding the housing and economic recovery. The very people helping wipe out the inventory on foreclosed homes has decided to stay in the sidelines until Read full article »
RE/MAX Vision Offices In Metro Chicago Merge In One Location
Technology has become a big part of people’s lives, with it governing almost every aspect from the mundane daily tasks to bills-paying jobs. That’s why despite the housing market crash, real estate brokers have tried their best to balance cutting down on expenses and catching up with the continuously evolving technological advancements. This is the reason one Chicago brokerage has Read full article »
Banks Lift Foreclosures, Saying Foreclosure Mess Is Just A Technical Issue
It is something that’s been abuzz in the real estate world for quite some time now: major banks and mortgage lenders freezing foreclosure proceedings amidst talks of fraud and robo-signing. The delay in foreclosure is supposed to be used to review the policies and procedures behind foreclosure proceedings. Lifting on the foreclosed properties, banks now come to their defense and Read full article »
category: Featured, Residential
Partial Lifting Of Foreclosure Freeze Implemented By Bank Of America
A Capital Economist analyst wrote, "A double-dip in both housing activity and prices is underway. Prices are likely to fall for the next 12 months, while activity will remain weak for at least three years." And that’s enough to instill fear in most (if not all) Americans. This is probably why a foreclosure moratorium is feared to spur that said Read full article »
category: Featured, Residential
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Importance Of Mortgage Registry Under Fire With Current Foreclosure Crisis
There has been much talk about the recent foreclosure crisis that led to major banks – like Bank of America and JPMorgan Chase – to suspend on foreclosure sales and proceedings. One of the topics that arose in the recent foreclosure mess is the role of mortgage registry in tracking down who has the right to foreclose on homes. Recent Read full article »
category: Featured, Residential
Miami Mansion Becomes Home For NBA Superstar Chris Bosh
The housing market may still be on its way to recovery and the economy still on shaky grounds, but there are still people who can surely afford to purchase new properties. One of them will be NBA superstars who just got signed in to a new team. Basketball superstar Chris Bosh has been looking at Miami properties ever since he got Read full article »
category: Celebrities, Residential
The Root And Effects Of Foreclosure Freezing
Banks freezing foreclosure proceedings and sale to review their foreclosure proceedings is hardly news. The truth is, though, that not everybody knows where the issue really stemmed from and what foreclosure freezing could mean to the housing industry and the economy as a whole. The following will shed light to some commonly asked questions about the latest buzz on foreclosure Read full article »
tags: foreclosure, freezing
Lending To Ninja Borrowers May Lead To Economic Double Dip
The past mistakes of the real estate industry is coming back to haunt not just then industry but the whole U.S. economy. When the real estate market crashed, analysts have all but tried to come up with solutions to revive the housing market. With the recent mess of foreclosure paperwork, reviving the market is not the biggest concern for everyone Read full article »
All Hope Is Not Lost: Foreclosure Freezing Might Lead To Solutions
The Obama administration says the foreclosure freezing is not going to help the housing market in finding the path to recovery. And people have a reason to be worried: the mess has already tipped the bank balance sheets and created chaos in the housing market. Some real estate analysts contend that all hope may not be lost: the pause in Read full article »
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