By Aaron Smith, staff writer – NEW YORK (CNNMoney.com) — Bank of America said earlier last month that it was ending its hiatus on foreclosure sales, and promised to get its...
Tag Archives: bank owned homes
Banks Push Fed to Curb Borrowers’ Right to Rescind Mortgages
Great Article and a very good interview on the Bloomberg Website explaining the additional behind the scene challenges with loan modifications. Well worth your time! Mortgage firms are...
Home price plunge is widespread… CNN Money.
By Les Christie, staff writerDecember 28, 2010: 11:24 AM ET NEW YORK (CNNMoney.com) — Home prices took a shockingly steep plunge on a monthly basis, an indication that the...
Bull vs. Bear: Will housing rebound?
An interesting read to say the least… let me know your thoughts! As seen in CNN Money – Posted by Nin-Hai Tseng, writer-reporter- December 27, 2010 It’s a question...
Mortgage Rates May Have Hit Bottom…
By LYNNLEY BROWNING – THE NEW YORK TIMES MORTGAGE rates in 2010 were the lowest in six decades, but a recent and sustained increase may indicate that consumers can expect to pay...
What do the banks know… that the typical home sellers may not?
If you are thinking about selling your home, you must read this! The typical equity seller must be willing to think, act and behave just like a bank owned home or risk facing the...
Homeowners use ‘show me the note’ to fight foreclosure
While I can empethize with the homeowners and understand their challenges, I think that this is all wrong… What are your thoughts? By Julie Schmit, USA TODAY Steven and Tamara...
Test-Driving Homeownership
When buyers–or their banks–aren’t quite ready to commit, rent-to-own can be the answer. By SARAH MAX In October 2008 Ashley and Jason Repaal packed up their rental home near...
Some condo owners may lose FHA financing
By Kenneth R. Harney – December 12, 2010 Reporting from Washington Their ability to sell or refinance their units could be hampered if their condo projects missed a key deadline...
More Foreclosures Expected in 2011
What does that mean to you if you are buying? Selling? By AMY HOAK @ the WSJ Brace yourself for another rough year in housing: The number of foreclosures is expected by many to...