Barclays Advocates Short Sales to Lower Loss Severities By Carrie Bay, DSNews, May 15, 2012 With vacant homes stretching the capacity of banks’ balance sheets and homebuyer demand lackluster at best, short sales are becoming a top loss mitigation.( read more
Short sales, where a distressed property (often in foreclosure) is sold for less than what is owed on the mortgage, have long been viewed as an elegant solution to the nation’s foreclosure problem
NY home loan court filings still marred By Catherine Curan, New York Post, May 12, 2012 Foreclosure-mill attorneys are routinely breaking the law and clogging New York courts with unresolved cases, an explosive new study shows. Top Fla. Court Hears Landmark.( read more
The federal government has proposed new rules that would significantly limit mortgage loan origination fees and possibly result in reduced foreclosure prices
The federal government has proposed new rules that would significantly limit mortgage loan origination fees and possibly result in reduced foreclosure prices
About once a month I have the pleasure of hosting a webinar for RealtyTrac users called Foreclosure Buying 101. Here are the slides used in the webinar, along with a link to view a recording
Here’s a quick checklist to follow if you are interested in purchasing a bank-owned (REO) property. Keep in mind that not all of these properties are listed for sale with a real estate agent