Real Estate Investors Daily » short sales

The 10 Best Places to Retire in 2012

Dennis Norman — Mon, 17 Oct 2011 20:38:15 +0000

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.). [...] Related posts:

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Where are the best places to live in the U.S.? Today, CNN Money published their 2011 list of the best...

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Real Estate Agent Sentenced to Federal Prison for Defrauding Bank in Short Sale Mortgage Fraud Scheme

News Desk — Wed, 27 Jul 2011 14:22:25 +0000

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 [...] Related posts:

Former Colonial Bank Senior Vice President Sentenced to 8 Years in Prison for Fraud Scheme WASHINGTON – A former senior vice president and head of...
Former TBW CEO Sentenced to 40 Months in Prison for Fraud Scheme Department of Justice Office of Public Affairs FOR IMMEDIATE...
Phoenix Real Estate Investor Pleads Guilty to $50 Million Mortgage Fraud Scheme PHOENIX—Brett Matheson, 46, pleaded guilty on Monday in federal court...

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2011 Real Estate Market Performing about as Poorly as Predicted Thus Far

Dennis Norman — Fri, 22 Jul 2011 20:14:23 +0000

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 [...] Related posts:

Motivated home sales make up over 30 percent of market at discounts of 40 percent Radar Logic published it’s “RPX Year in Review 2010″ for...
January home price index reaches new low RPX Composite Home Price Fell to Lowest Level since...

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Mortgage Delinquencies Decline in March; Foreclosures on the rise

Dennis Norman — Fri, 22 Apr 2011 17:33:51 +0000

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 [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Homeowner Negative Equity Declines for Third Straight Quarter

Dennis Norman — Mon, 13 Dec 2010 16:37:55 +0000

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 [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Buyers of distressed properties in third quarter reaped largest discount in five years

Dennis Norman — Thu, 02 Dec 2010 15:10:02 +0000

According to a report released by RealtyTrac, foreclosure homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010 and that the average sales price of properties that sold while in some stage of foreclosure was more than 32 percent below the average sales price of properties not in [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Scorecard on Obama’s Housing Recovery Plans

Dennis Norman — Mon, 25 Oct 2010 21:19:21 +0000

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 [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Is now a safe time to buy foreclosures?

Dennis Norman — Mon, 18 Oct 2010 10:53:39 +0000

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 [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

More ‘Distress’ coming to housing market

Dennis Norman — Fri, 17 Sep 2010 22:15:10 +0000

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.The CoreLogic report also points [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Why do Short Sales Take so Long to Close?

Daniel Manzano — Thu, 09 Sep 2010 23:45:07 +0000

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 [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.