Tag Archives: Short Sale

Foreclosure Settlements Expiring for Homeowners

Time has run out for millions of homeowners who lost their home to foreclosure in 2009 and 2010 to have their cases reviewed for errors. As part of a settlement between federal bank regulators and mortgage servicers, homeowners whose cases … Continue reading

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Are South Florida’s Short Sales declining?

Although the housing market is starting to see a slow recovery, homeowners who are still underwater on their mortgages will still have to wait a very long time, if ever, to see the value of their home return to what they paid for it. Therefore, these homeowners continue to remain current on their mortgage, but may want to upgrade their house or may need to relocate. Continue reading

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Foreclosures Still Plaguing South Florida

In 2013 the housing market in South Florida has been rebounding with rising home prices and sales. At the same time, over 40 percent of mortgaged homes in the state’s biggest market, Miami, remain underwater financially, according to Corelogic. This … Continue reading

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New home-loan rules aim to promote lending

Daily Business Review By: Clea Benson The U.S. overseer of Fannie Mae and Freddie Mac, seeking to reduce the threat that banks will have to buy back flawed loans from the two firms, laid out new rules designed to spur … Continue reading

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Short Sales Viable Alternative to Foreclosures

Foreclosure is not an inexpensive option for lenders and having a home sit vacant doesn’t make any money for them. Having foreclosed properties on their ledgers is costly, and they want to offload as many of those properties as possible. Because of this, one way for a homeowner facing foreclosure to escape that burden is to sell their home via a short sale. Continue reading

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