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Foreclosure News
- Top 10 U.S. Foreclosure Hotspots: 9 in CaliforniaTop 10 U.S. Foreclosure Hotspots: 9 in California By Inman News, Feb 16, 2012 Foreclosure activity was down on an annual basis for the 16th month in a row in January, but there are signs that activity is picking up in some states, according to a report...(read more) […]
- Faster Foreclosure Process = Quicker Home Price RecoveryThere is an intriguing article in Bloomberg about how local markets with faster, non-judicial foreclosure processes tend to be recovering more quickly than local markets with slower, judicial processes. The article juxtaposed the real estate market in...(read more) […]
- Foreclosure Activity Edges Higher in JanuaryForeclosure Activity Edges Higher in January By Alex Veiga, Associated Press, Feb 16, 2012 Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while...(read more) […]
- FHA REO Inventory Declines to Four-Year Low in DecemberFHA REO Inventory Declines to Four-Year Low in December By Tom Lawler, Calculated Risk, Feb 14, 2012 FHA released the December Report to the FHA commissioner, and according to the report FHA’s SF REO inventory plunged to 32,170 at the end of December...(read more) […]
- The Deal Is Done, But Hold the ApplauseThere’s NO DEAL Between the Banks, Feds and States By Abigail Field, RealtyCheck, Feb 11, 2012 I’m beginning to think that the last couple of days were April 1st in disguise. I mean, what a crazy practical joke our Federal Government and State...(read more) […]
This program allows homeowners that are behind on their mortgage payments to sell their property for enough to payoff their mortgage in full. Even if they currently owe more than their house is worth.
- No deficiency.
- No need to bring money to close.
- No forgiveness of debt.
- No foreclosure.
- No taxable event.
- No Sheriff Sale at the courthouse steps.
- No further damage to your credit.
No brainer, if you ask me.
This is Carrie Baty signing up with you.