Attorneys General in all 50 states have been negotiating with banks and lenders for over a year to come up with a settlement that will be fair to homeowners who are nearing foreclosure because they owe more than their houses are worth. A deal may have been reached, although large states such as California, Florida,…
Like countless snowbirds migrating south, the Republican primary has moved to Florida. In case you have not been keeping up, the race so far has been fairly dramatic. Mitt Romney won Iowa, and then he didn’t. After Romney won New Hampshire, it was discovered that someone in the farm belt had their math wrong and…
Home foreclosures don’t seem to be slowing down anytime soon, according to MSN Real Estate. Thousands of homes are out there each month for sale at auction, and typically these can be had for 25 percent less than their market value. In many cases, much less. But hold on a second. Getting a good deal…
When will the housing market recover? Whether you’re a homeowner, real estate agent, real estate company, bank, politician, or just someone who’d like to buy a home sometime soon, that question is one that just about everyone’s asked at one point or another over the last few years. Truthfully, we here at Movoto aren’t sure…
Many people lost their homes when the real estate bubble burst several years back. Some may think it was because the majority made bad decisions due to the fact that they didn’t know better — they just weren’t financial experts. Except this guy was a financial expert. Carl Richards is a financial adviser, speaker, writer,…
Did that headline grab your attention? It sure did mine. It’s true, foreclosed homes currently held by the U.S. Department of Housing and Urban Development (HUD) are being offered from now until October 2012 for only $100 down. So why offer this ridiculously good deal? Because, like other federal entities, HUD doesn’t like these homes…
Here we go again: Financial analytics company Fiserv is predicting that America’s home prices are heading for a triple-dip. The most recent real estate news from this organization calls for another 3.6% drop in home prices by June 2012, which means that they will have dropped from their 2006 peak down to 31% (2009), then…
Homeowners around the country really felt the heat in August, and it had nothing to do with the weather outside. Instead, the heat came in the form of mortgage default warnings. Foreclosure listing firm RealtyTrac Inc. reported via Yahoo! Finance today that the number of U.S. homes who had an initial default notice given to…
The rate of new foreclosures has reached its lowest level since spring of 2008, according to the Wall Street Journal. While this sounds like a good thing, optimists should proceed with caution. The main factor in this slowing of the foreclosure rates is not an absorption of inventory into the market (which would be a…
Mortgage delinquencies are the lowest they’ve been in two years – a fact which has many real estate experts predicting a long-awaited recovery. The Wall Street Journal reports that new delinquencies (that is, mortgages with payments 30 days overdue) have declined slightly and currently account for about 6.2 million households across the country. That’s good…
