Housing bubble or not, the real estate market is in trouble
First, some good news. Despite the meteoric rise in home prices, the real estate market hasn't ventured into housing bubble territory.
Similar Posts
Flood Insurance Uptake Rates Rise in Texas Following Harvey
ByadminLittle more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castaneda let his home's flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the extra cash to expand his restaurant business. Foreclosure News
Homes sales continue upward trend on Peninsula
ByadminDespite 200 fewer homes on the market, Peninsula home sales increased 4.6 percent in May compared with the same time last year, according to the latest report. About 93 percent of the 727 Peninsula homes sold were existing resale homes, according the Real Estate Information Network Inc. in Hampton Roads. Foreclosure News
How to Purchase a Fannie Mae HomePath Property
ByadminSometimes foreclosures happen and Fannie Mae needs to take possession of a home from a distressed borrower. When that happens, they try to sell the home as quickly as possible to limit the damage it causes to the surrounding homes due to the falling value a foreclosure can cause. Foreclosure News
Sixth Circuit Court of Appeals Affirms Rights to Lenders to Assigned Rents
ByadminOn June 15, 2018, the U.S. Court of Appeals for the Sixth Circuit affirmed a decision of the U.S. District Court for the Eastern District of Michigan, holding that rents collected by a receiver during the redemption period following a non-judicial foreclosure are property of the lender, even if the borrower ultimately redeems the property.1…
Foreclosure of McCollum home canceled, but ownership still in doubt NEW
ByadminThe day after a bank foreclosed on 72-year-old Bob McCollum's home, a letter went out to the bank from the longtime carpenter's debt collector, reversing the decision. Foreclosure News
Ocwen refinancing $300M of notes backed by reimbursement rights
ByadminOcwen is refinancing $ 300 million of bonds backed by reimbursement rights to funds it has advanced on residential mortgages it services. The two new series of notes will both extend the maturity of the debt issued by the securitization trust and reduce the interest rate. Foreclosure News