Tuesday, April 17, 2012

Short sales foreclosure crisis

  • Dont look now, but theres a sign of hope in the foreclosure crisis. There were more short sales than foreclosure sales in January, according to data from the company Lender Processing Services, as reported by Bloomberg.
  • (Huffington Post)
  • Since July 2011, prices on non-distressed properties (excluding foreclosure sales, REO sales, and short sales) have fallen 4.5% price discount in Q4 2011 dropped below pre-mortgage crisis levels.
  • (msnbc.com)
  • Lenders have pursued alternatives like short sales, where the borrower sells They are entering foreclosure not because of shady loans, but a prolonged job crisis.
  • (Progress Illinois)
  • Foreclosure filings in the first quarter of this year were at the lowest level in more than four years, but analysts say that doesnt mean the foreclosure crisis is over new foreclosure activity and new short-sale activity, Moore said.
  • (MSN Real Estate)
  • The mortgage foreclosure crisis has had devastating effects on Oakland County Their home may be worth $200,000, but if the short sale across the street went for $100,000, that can be factored into the assessment.
  • (The Oakland Press)
  • If anything is certain about the foreclosure crisis, its that it isnt over Given that prelude, heres what sellers and buyers can expect.
  • (Yahoo Finance)
  • I feel we have bottomed, and there are more alternatives to foreclosure that the banks are now offering, like short sales and deeds-in-lieu of of the $279 million reported at the housing crisis peak in 2009.
  • (Toledo Blade)
  • The number of home sales in the metro area that are not distress deals — neither foreclosures nor short sales — jumped about 25 during the throes of the financial crisis.
  • (Baltimore Sun)
  • Although foreclosure rates were down for the first three months of 2012, RealtyTrac officials said the declining rates do not indicate the worst is over in the nation's foreclosure crisis activity and new short sale activity.
  • (MLive.com)

No comments:

Post a Comment