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Are Short Sales Really the Next BIG THING"
published on Fri, 30 Oct 2009 08:00:00 GMT
If you believe the hype, it appears that the next phase of the housing market recovery is going to rely heavily on short sales to help remove distressed properties from the home sales pipeline. A "short sale" is a sale where the bank accepts as full value a price that"s less than what"s owed on the property. The debt is forgiven (although not always without some tax consequences), a foreclosure is avoided, a buyer gets a good deal on a property, the bank saves thousands of dollars in legal...
New Foreclosure Hot Spots Emerge in Q3 2009
published on Wed, 28 Oct 2009 08:00:00 GMT
Las Vegas, Merced and Cape Coral-Fort Myers Register Top Metro Foreclosure Rates;High Foreclosure Rates Spreading to New Metros in Several States Cities in California, Florida, Nevada and Arizona acco...
Job Losses Foreshadow More Foreclosures Deals, Risk
published on Wed, 21 Oct 2009 08:00:00 GMT
The numbers are staggering. The list of firms: a virtual who"s who of corporate America. Ford Motor Credit: 1,200 jobs lost. Bank of America: 35,000 layoffs over the next three years. Starbucks: clos...
Should We Return To Paper-Based Mortgages"
published on Mon, 19 Oct 2009 08:00:00 GMT
We like to live in a world where everyone gets the same deal. If you can buy a washing machine at Sears for $500 then I don't want to pay more. And if it happens that the speed limit is 45, it should ...
Ways Foreclosure Investors Can Resuscitate Market
published on Sun, 18 Oct 2009 08:00:00 GMT
Whenever I hear a new proposal to reduce foreclosure levels and raise home values my usual reaction is to duck. Experience has shown that "helpful" suggestions to save the housing market have an uncan...

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