Today U.S. News Media Group unveiled The 10 Best Places to Retire in 2012 with top locations in 10 key categories that are most often considered as key factors by people when choosing where to retire. Many of the categories focus on how to achieve the retirement lifestyle you want on a fixed income,such as the best place for water views on a budget (Traverse City,Mich.),an affordable mountain town for retirees (Boone,N.C.),and the best place to find affordable housing (Port Charlotte,Fla.). [...]
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 | David B. Fein,United States Attorney for the District of Connecticut,announced that ANNA McELANEY,40,of Norwalk,was sentenced earlier this week by United States District Judge Janet C. Hall in Bridgeport to eight months of imprisonment,followed by three years of supervised release,the first six months of which McELANEY must spend [...] Radarlogic,real estate data and analytics company that frequently disagrees with the National Association of REALTORS® view of the housing market,released their RPX Monthly Housing Market Report for May 2011 yesterday and in it had a scorecard showing how their rather bleak predictions they made at the end of 2010 for the 2011 [...] A “first-look”report issued by Lender Processing Services,one of the countries largest loan servicers and aggregators of loan performance data,is somewhat encouraging as it shows the U.S. mortgage delinquency rate (not including foreclosures) for March 2011 was 7.78 percent which is a decrease of 11.6 percent from the month before and a [...] A report released this morning by CoreLogic shows negative equity declined in third quarter of 2010 for residential properties,marking the third-consecutive quarterly decline. The CoreLogic reports that 10.8 million,or 22.5 percent,of all residential properties with mortgages were in negative equity at the end of the third quarter of 2010,down from [...] Dennis Norman The U.S. Department of the Treasury and the Department of Housing and Urban Development today released their “October 2010 Scorecard”on the “Obama Administration’s Efforts to Stabilize the Housing Market”. The scorecard points out the success of “The President’s housing market recovery efforts”but does point out that “data in the scorecard [...] Dennis Norman According to a report just released by RealtyTrac® foreclosures increased in the third quarter of 2010,although with a slowing rate of increase. There were 930,437 foreclosure filings in the third quarter,up almost 4 percent from the 2nd quarter but up only 1 percent from the year before. One in every [...] Dennis Norman A report by CoreLogic cautions that recent data showing improvements in negative equity,serious mortgage delinquency and a decrease in market share of short-sales,has been distorted as a result of the short-term boost in the “non-distressed”housing market by the homebuyer tax credit program,which recently ended. [...] Daniel Manzano Many of us Real Estate industry professionals know that a Short Sale transaction can take months for it to be approved and closed. Nevertheless,we have had Short Sale approvals in less than 10 days. But,the reality is that Short Sales usually take three to four times as much as a [...] Dennis Norman A report just released by CoreLogic estimate the financial impact of short-sale fraud to be $310 million annually. It is estimated there is fraud in one in every 53 short sale transactions resulting in an unnecessary loss to the lender of $41,000 per transaction on average. [...] Dennis Norman Average discount on Foreclosure and Bank-Owned Homes is 27 Percent This morning RealtyTrac released a report stating that 31 percent of all residential sales in the first quarter of 2010 were foreclosure homes or bank-owned homes. They are reporting 233,000 foreclosure and bank-owned homes sold during first quarter 2010 at an average [...] Dennis Norman I don’t think I need to tell real estate investors about the record foreclosure rates we have seen as well as the unprecedented number of people that are struggling to make their house payments. As a result,there are many good opportunities out there for real estate investors to acquire property at [...] UPDATE- June 2,2010:The National Association of REALTORS obtained answers from the Treasury Department on 3 common questions about HAFA: agents are not permitted to rebate a portion of their commission to the buyer,sellers who are real estate agents must list their home for sale with another broker,not their own broker,and [...] Dennis Norman Back in early December I did a post on a different blog about a new program that was announced in November,the Home Affordable Foreclosures Alternative (HAFA) Program which is scheduled to go into effect April 5,2010. HAFA is a program to help provide alternatives to homeowners that are facing foreclosure. [...] | ||||
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