Tag Archives: Bank Owned Properties

Will Fed’s Mortgage Buying Juice the Housing Recovery?

Home prices are stabilizing, and new construction is bouncing back, but apparently the U.S. Federal Reserve isn’t buying a bullish housing recovery.  Its announcement Thursday that it would buy up to $40 billion in agency mortgage-backed securities every month, with … Continue reading

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Pending Home Sales Fall in June Due to ‘Fewer Listings’

Home buyers signed fewer contracts to buy existing homes in June, despite renewed optimism in the overall housing recovery. The pending home sales index from the National Association of Realtors fell 1.4 percent from May. It is up 9.5% from … Continue reading

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New Crop of Foreclosures Is Coming

While fewer Americans are falling behind on their mortgage payments, the huge backlog of already delinquent mortgages is finally making its way through the banking system to foreclosure. Total foreclosure activity rose in the first half of this year from … Continue reading

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Now It’s the Big Banks That Are Getting Foreclosed On

Call it a case of man bites dog. Since the start of the housing crash, millions of Americans have lost their homes to foreclosure. Many of them lived in homeowner or condo associations. These are organizations that collect monthly dues … Continue reading

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Investors Get Creative with Hot Rental Market

Remember mortgage-backed securities? Big banks and investment houses pooled mortgages of all types and sold them off to investors, who then traded them all over the place, pumping so much liquidity into the mortgage market that brokers were basically giving … Continue reading

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Expertise Elevates New Real Estate Firm

Denver, CO, June 02, 2012 –(PR.com)– A new real estate firm in the South Denver Metro Area exceeded its expectations in its first four months. Within the first 60 days of opening its doors in downtown Parker, Rocky Mountain Real … Continue reading

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Foreclosures Move East as Hardest-Hit Markets Clear

Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis. Foreclosure filings, which include default notices, … Continue reading

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Short Sales Higher, Prices Lower

Buyer traffic is strong, supply of homes for sale is low, and yet home prices continue to defy the usual formula, falling again in March. Prices usually rise as supply shrinks, but demand is still too low to make those … Continue reading

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As Foreclosures Stall Again, Warnings of Housing ‘Paralysis’

In an unexpected reversal, both newly started foreclosures and finalized foreclosures dropped precipitously in February. So-called foreclosure starts fell 15.2 percent month-to-month. Foreclosure sales, the final stage of the process (not sales of already bank-owned properties) fell 19 percent month-to-month, … Continue reading

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Housing’s Dilemma: There’s Not Enough To Buy

fewer foreclosures up for sale in the housing market could actually mean lower overall home prices. That may sound counter-intuitive, given that we always talk about how distressed sales deflate comparable home prices. My reasoning is that foreclosures are in … Continue reading

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