nh distressed properties: HARP Roadblocks Continue | Why So Few NH Homeowners Have Been Helped With Refi's | More Turn To Short Sales
- 10/05/11 02:08 AM
Ever since President Obama said he will work with federal housing agencies to help more people refinance at today’s low mortgage rates, there has been much speculation about what form this additional assistance would take. Most of the speculation has focused on possible changes to the Home Affordable Refinance Program (HARP). Announced in March 2009, HARP was designed to help 5 million underwater homeowners refinance into a fixed loan with a lower monthly payment. However, in the two and a half years since its inception, only 838,000 homeowners have been able to refinance. This is fewer than expected because certain … (0 comments)
nh distressed properties: Nationwide Pending U.S. Home Sales Decline 1.2%. Especially Hard-Hit Was The Northeast Where Pending Home Sales Fell 5.8 Percent
- 10/04/11 12:21 AM
According to Timothy Holman of Bloomberg : Pending U.S. Home Sales Decline 1.2% as Lower Prices Fail to Stoke Demand "The number of contracts to purchase previously owned U.S. homes fell in August, a sign that lower prices and borrowing costs are doing little to stoke demand. The 1.2 percent decrease in the index of pending home sales followed a 1.3 percent drop the previous month, the National Association of Realtors said today in Washington. Economists forecast a 2 percent drop, according to the median of 43 estimates in a Bloomberg News survey." This fact was initilaly reported by the National … (2 comments)
nh distressed properties: New Home Sales Fall For The Fourth-Straight Month As Foreclosures and Short Sales Dominate The Market
- 09/27/11 03:32 AM
This shouldn’t be a surprise to anyone. As long as the very well priced Foreclosures (and Short Sales) dominate most major real estate markets new builders won’t have many takers. Here is part of an article from the New York Times. New home sales fell for the fourth-straight month in August as the bursting of the housing bubble continues to plague the U.S. economy. Sales fell by 2.3% on a monthly basis to a seasonally adjusted annual rate of 295,000, the Commerce Department said Monday. It was the weakest pace in six months. Sales in July were revised upward slightly … (0 comments)
nh distressed properties: Surprise 7% Increase In Home Sales | A Turnaround?| Not So Fast--Foreclosures Are Increasing Dramatically
- 09/26/11 02:01 AM
Normally this would be the kind of real estate news I like reporting….home sales INCREASE by 7%.---WOW! Time to celebrate? Not so fast... Foreclosures are increasing dramatically. Many major lenders such as: Bank of America, Wells Fargo, JP Morgan Chase and other are stepping up their foreclosrue filings...in some cases 200% month over month. And although the number of sales are up prices continue to fall nationwider and the overall housing market is showing clear signs of a significant slow down. So much so that leading housing economists are expecting the next few months to be ‘grim’ for home sales. One thing is clear. Investors ARE buying. Specifically … (0 comments)
nh distressed properties: New Hampshire Homeowner Alert! A New Foreclosure Scam Is Plaguing Distressed Homeowners.
- 09/22/11 02:44 AM
As the Foreclosure Crisis continues more and more New Hampshire homeowners are finding it increasingly difficult to pay their mortgage. Desperate, these homeowners are more inclined to turn to firms that promise a "quick fix"... anything to save them from foreclosure, but beware! It is probably another scam. In addtion to the "Mortgage Modification" scams that have plauged homeowners across the nation this new scheme offers to include the homeowner in a lawsuit against the homeowner's lender.... And as with all of the other scheme this one requires the homeowner to pay a fee. The catch? The lawsuit does not exist. As reported by : KARK 4 … (0 comments)
nh distressed properties: A New Hampshire Short Sale vs. Foreclosure
- 09/19/11 12:22 AM
New Hampshire Homeowners Making the Right Choice for a Stable Future! The US housing crisis has claimed millions of victims. Unfortunately, many New Hampshire homeowners are losing their homes to the bank because either they think that a short sale will have the same financial effect as a foreclosure or they don't know their options. The good news is that homeowners don't have to navigate this process on their own. I am available for those who need my expertise to get back on the path to stability. If you, or someone you know has questions about this information, or … (0 comments)
nh distressed properties: News That The Number of Foreclosures Were Down Was Only The Calm Before The Storm.
- 09/14/11 01:36 AM
All the news about the number of Foreclosures being down was only the calm before the storm as Bank of America announces a huge surge in Foreclosure Filings. Bank of America has sent out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month. This is, more than likely, to continue as pre-foreclosure property inspections are at an all time high. According to CNBC's Real Estate Reporter, Diana Olick:"Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well … (1 comments)
nh distressed properties: Odds of A Successful Transaction Increase As Major Lenders Launch Proactive Short Sale Push
- 09/13/11 02:23 AM
Today many homeowners are finding that...not only are their lenders receptive to a Short Sale... the Lenders are actually encouraging Short Sales---Important udate on the state of Short Sales Austin, TX (PRWEB) September 12, 2011 Major Lenders Launch Proactive Short Sale Push as CDPE Agents Prove Vital Link in Foreclosure Avoidance "Alex Charfen, co-founder and CEO of the Charfen Institute and creator of the Certified Distressed Property Expert (CDPE) designation, announced today that several mortgage loan servicers, including Chase and EMC, are proactively connecting CDPE-designated agents to delinquent borrowers for the purposes of pursuing short sales. A short sale is … (1 comments)
nh distressed properties: Renewed trust for tough times
- 09/09/11 02:05 AM
Renewed trust for tough times Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?” Weren’t we assured that home values were destined to go up and up and up? There have been lots of promises that help is on the way—and lots of warnings of scams and schemes that have only served to confuse the matter. So where’s a homeowner who’s underwater or overleveraged to turn?
Here’s the bottom line: the choices that … (0 comments)
Homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, licensed real estate professional is the best course of action for a homeowner in distress. Through comprehensive training and experience, CDPEs have the tools to help homeowners find the best solutions for their unique situations and to avoid foreclosure through the efficient execution of a short sale. Living through financial difficulties poses a challenge for any family, so why make the process of finding a qualified real estate professional difficult … (1 comments)
nh distressed properties: Home Price Up Slightly For June But Down Year Over Year With Short Sales and Foreclosures Making up 30% of New Sales.
- 09/06/11 09:14 AM
Home Prices were up for the third straight month. But before you start popping the champagne, this should not be seen as a major improvement in the housing market. Instead the monthly rise is attributable to the expected seasonal increase in Spring home sales which is why it is always important to compare the year over year numbers. Those numbers reflect a less positive outlook. Home prices were down nationwide year over year by 4.5% according to the most recent Case Schiller index.
The most interesting feature of this housing reports is the growing divergence in the regional markets. While … (0 comments)
nh distressed properties: In Default on Your Mortgage? NH Foreclosure Laws in a Nutshell...Now Is The Time To Short Sale Your Home!
- 09/02/11 04:39 AM
If you are behind on the mortgage payments on your New Hampshire property and confused by all of the terms here is the New Hampshire Foreclosure Law Summary taken from http://stopforeclosure.com Quick Facts - Judicial Foreclosure Available: Yes - Non-Judicial Foreclosure Available: Yes - Primary Security Instruments: Deed of Trust, Mortgage - Timeline: Varies by Process; Typically 60 days - Right of Redemption: None - Deficiency Judgments Allowed: Yes "In New Hampshire, lenders may foreclose on a mortgage or deed of trust in default by using either the judicial or non-judicial foreclosure processes or any of the following … (0 comments)
nh distressed properties: Streamlined Short Sales Now Making Up A Greater Share Of All Distressed Sales
- 08/31/11 05:07 AM
According to RealtyTrac Inc., Foreclosure Sales, which include homes purchased after they received a notice of default or that were repossessed by lenders, accounted for 31 percent of the market in the April-June quarter. That is approximately one in every three homes that were sold in Q2 were distressed properties... "But the good news is many of these distressed sales are clearing faster, with streamlined short sales now making up a greater share of all distressed sales. Banks are getting rid of troubled loans/properties before having to go the more costly route to foreclosure!" CNBC's Real Estate Reporter, Diana Olick's stated … (1 comments)
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