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 »
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Banks Lift Foreclosures, Saying Foreclosure Mess Is Just A Technical Issue
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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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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