Foreclosures

Selling? Waiting Until the Spring Makes No Sense

September 27, 2011

Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have slowed down the foreclosure process while they re-examined their procedures. They are now confident that all the required documentation is in order. [...]

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What Happened to Modifications?

September 21, 2011

Monday’s blog post generated many questions as to whether modifications would have a major impact on preventing an increase in future foreclosures. Though modifications are still being done, the onus by the government and the banks has currently shifted to two other initiatives to help the housing recovery: Preventing future delinquencies (people falling behind on [...]

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Windows of Opportunity Beginning to Close for Sellers

September 19, 2011

We have suggested that sellers who need to sell within the next 18 months had a ‘window of opportunity’ to sell at higher prices. They needed to put their houses up for sale immediately before a flood of distressed properties were introduced to the market. This window is beginning to close. The paperwork challenges faced [...]

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Discounted Competition Is About to Enter the Market

August 26, 2011

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Delinquency Rates Dropping Dramatically

August 25, 2011

In yesterday’s blog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the housing market will soon be released for sale. The real estate market won’t recover until we work our way through this discounted inventory. The great news is that as these properties exit the bottom of the inventory [...]

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Shadow Inventory: Luckily, Here It Comes

August 24, 2011

One of the biggest challenges to the housing industry throughout the rest of the year will be the increase in discounted properties coming unto the market. There is a glut of foreclosures that have been delayed by the court systems in many states while paperwork was corrected. The banks are rectifying their paperwork and processes. [...]

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