REO Properties Archive


Homeowners’ Best Intentions Can Work Against Them in Mortgage Modification System Overwhelmed by Demand

RISMEDIA, October 29, 2010—(MCT)—Rogelio Huerta and Maria Soto did everything they were supposed to do to reduce the monthly mortgage payments on their Bellwood, Ill., home. Facing a cash crunch because his work hours were cut, they sought help from PNC Mortgage while they


Third Quarter Foreclosure Activity Up in 65 Percent of U.S. Metro Areas

RISMEDIA, October 28, 2010—RealtyTrac, a leading online marketplace for foreclosure properties released its Q3 2010 Metropolitan Foreclosure Market Report, which shows that cities in California, Florida, Nevada and Arizona once again accounted for all top 10 foreclosure


California Home Sales Post Second Consecutive Monthly Gain in September, C.A.R. Reports

RISMEDIA, October 27, 2010—California home sales posted their second consecutive monthly gain in September 2010, but were down from the same period a year ago, according to data from the California association of Realtors® (C.A.R.). "We've seen a gradual improvement in the


Fannie Mae, Freddie Mac Bailouts Could Hit 363 Billion Dollars

RISMEDIA, October 26, 2010—(MCT)—The taxpayer bailouts of housing finance giants Fannie Mae and Freddie Mac could cost as much as $363 billion through 2013, according to government projections. The Federal Housing Finance Agency, which has regulated the former


Home Buyers from Florida to California Bid Above Asking Price, According to ZipRealty’s Home Hunter Report

RISMEDIA, October 25, 2010—Some homes across the country at various price points are selling above asking price, according to the Q3 2010 Home Hunter Report released by ZipRealty. The report reveals that in Q3 2010, California was home to five out of the country’s ten “hottest” zip codes, defined as those zip codes where the average home sale price is most above the average list price by percentage. This is down from California having seven of the top ten hottest zip codes last quarter.


6 Reasons Why It’s Smart to Buy a Vacation Rental Home Now

RISMEDIA, October 22, 2010—Lately, you've been thinking a lot about investing strategies. You have a small nest egg that needs to grow, but frankly you don't trust the stock market. And while real estate has been somewhat of a rocky road in recent years, it's still a solid long-term


Real Estate Agents Turn to Social Media to Connect with Clients

RISMEDIA, October 22, 2010—(MCT)—When real estate agent Sarah Elles Boggs walks into one of downtown Miami's condo towers for a showing, she pulls out her Android smart phone, "checks in" on a GPS-powered Web platform called Foursquare, blasts her whereabouts on


Point2 Examines U.S. Broker and Agent Market Sentiment in Real Estate Confidence Index

RISMEDIA, October 21, 2010—Real estate broker and agent outlook for the United States market declined by 8.42% in September 2010, versus August, on a seasonally adjusted basis. Continued weakness in confidence sent the U.S. Real Estate Confidence Index (RECI) to its lowest level


Home Sales Continue Post-Tax Credit Correction

RISMEDIA, October 20, 2010—The summer season of home buying was a difficult one because many buyers purchased earlier in the spring in an attempt to qualify for the government’s tax credit. Now the market is still attempting to return to traditional seasonal trends. A monthly survey


Realtors Support FHFA Proposal to End Private Transfer Fees

RISMEDIA, October 19, 2010—The National Association of Realtors (NAR) strongly supports the proposed guidance from the Federal Housing Finance Agency to prevent government-sponsored enterprises Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks from investing


Mortgage Insurance Plays Increasing Role in Optimizing Home Financing

RISMEDIA, October 18, 2010—In today’s dicey lending environment, many a would-be home buyer often falls into one of two camps: uninformed or running scared. Unfortunately, tightening lending standards and a pervasive unease about the overall economy have combined to keep many potential buyers on the sidelines of homeownership. In many cases, however, proper guidance on the available loan products could have shown them that not only is a home purchase achievable, but affordable as well.


From Blighted to Cool Green; Low-Cost Upgrades Cut Energy Bills

RISMEDIA, October 15, 2010—(MCT)—Jodie Mekled is looking forward to cheap utility bills this winter. The retail worker from Sterling Heights, Mich., could pay as little as $40 a month for natural gas thanks to energy-efficient home improvements made through Habitat for Humanity.


What Foreclosure Freeze Means for First-Time and Move-Up Buyers

RISMEDIA, October 14, 2010—Thousands of first-time and move-up buyers who hoped to make a foreclosed property their new home now face uncertainty, anxiety and possibly remorse as they worry that closing on their desired property could be in jeopardy. For many, the dream of homeownership could turn into agony if their home purchase is indefinitely delayed by a moratorium on foreclosures declared by some banks, the National Association of Realtors said. The moratoriums are needed, banks say, to review all of the foreclosures in their portfolios to make sure they're in compliance with the law and that titles are clear.


NAR’s HouseLogic Launches Campaign to Help Military Families Sustain Homeownership

RISMEDIA, October 14, 2010—The National Association of Realtors' HouseLogic, a free, comprehensive consumer website about all aspects of homeownership recently launched Operation Home Relief, a new Facebook Causes campaign. The campaign aims to increase awareness, rally


Before and After the Fact: How to Boost Accountability at Your Organization

RISMEDIA, October 11, 2010—Got an accountability problem at your organization? There are two main ways to tackle it. First, you need to forestall excuse-generating problems upfront by creating conditions that make it more likely people will follow through. Second, you need to help