Bank Foreclosures & Short Sales

Supposed current foreclosure forecast

By Adam Knolls 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 [...]

Bank owned homes, do you truly save?

By Brittany Simonelli 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)

Low List Price Gets More Attention!

By Angela Murphy 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?

Home sellers frustrated as short-sale deals collapse

By Chris Harpster on August 6, 2009

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