Bank Foreclosures & Short Sales

By charpster on July 28, 2010

I expect to see lagging home sale stats for the next month or two, mainly due to the expiration of the tax credit and lack of consumer confidence. Moving forward, I would expect a slow and steady recovery.

By amurphy on December 4, 2009

If you want a higher interest mortgage rate, keep waiting!

By amurphy on October 27, 2009

Banks often buy their own properties at Sheriffs’ auctions and immediately begin to market these properties for sale. Buyers of these foreclosed properties are hanging in limbo waiting for deeds to be processed by the Sheriff. Some of these buyers still have hopes of closing before December 1st, the current deadline for the $8000 tax credit. Will they close?

By amyers on September 17, 2009

This is an interesting artical about forclosures, many think we are out of the woods but read the article and judge for yourself.
Click here

By aknolls on September 14, 2009

If the economy is improving, do we really have millions more foreclosures coming? According to the U.S. Treasury, the answer is yes. In written testimony to Congress, Assistant Secretary for Financial Institutions, Michael Barr said that, regardless of the success of mortgage modification efforts, we should still expect millions more foreclosures.
 
Mr. Barr’s testimony is certainly [...]

By bsimonelli on August 25, 2009

In today’s market, normal resale homes are competing with the foreclosures in order to sell.  Many times you will find that condition vs. price, the non-distressed sales are actually where many good deals can be found.  (without the work involved in many of the foreclosure homes)

By amurphy on August 23, 2009

Banks are using a low listing price to get more attention from buyers and create a bidding war for their properties. And, it’s working!

So, why can’t private sellers use the same marketing strategy?

By charpster on August 6, 2009

This is a very frustrating process for all parties, buyer, seller, agent, and lender.