foreclosures: Jeff Onofrio - FHA 203K Renovation Lending Expert on board
- 09/07/11 08:09 AM
I am extremely excited to announce that the Jeff Onofrio who is the Director of Renovation Lending from Annie Mac Home Mortgage,is on board with us to be a featured contributor. As a nationally known 203k renovation loan expert, Jeff will be able to provide insights to our local customers about a loan product that is under utilized and has endless potential. Jeff is a Southern New Jersey resident, Jeff knows the local market and is available to not only help customers but realtors as well. In creating this site, I was hoping to be able to keep our readers well … (0 comments)
foreclosures: Foreclosure Filings Fall To 40-Month Low
- 05/12/11 04:15 AM
Foreclosure activity continues to drop nationwide. Based on data from foreclosure-tracking firm RealtyTrac, foreclosure filings nationwide fell below 220,000 in April 2011, a 9 percent decrease from March. A "foreclosure filing" is defined as any foreclosure-related action including Notice of Default, Scheduled Auction, or Bank Repossession. April marks the seventh straight month in which foreclosure filings have dropped and total filings are down more than one-third year-over-year. One reason why filings are down is that banks are letting more time pass between delinquency and foreclosure, exploring alternative courses of actions such as short sales and loan modifications. It now takes, on … (1 comments)
foreclosures: Foreclosures And Short Sales Distorting “Home Price Trackers"
- 05/07/11 01:47 PM
In an echo of February’s Case-Shiller Index report, the government’s own home price-tracker — the Home Price Index — showed home values slipping between January and February 2011. The Federal Home Finance Agency data had home values down 1.6 percent nationwide in February, on average, marking the fourth straight month in which prices fell. Furthermore, all 9 regions posted losses from the month prior: Mountain Region : -3.7% from January East South Central : -0.6% from January South Atlantic : -0.9% from January New England : -2.0% from January Before you draw conclusions, however, note that the data at which … (0 comments)
foreclosures: Foreclosures Drop 35 Percent Year-Over-Year
- 04/15/11 04:14 AM
Foreclosure activity is much slower this year than last. According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 2011. A “Foreclosure filing” is defined as any of the following : a default notice, a scheduled auction, or a bank repossessions. Foreclosures filings were down in all but 8 states last month. Activity remains concentrated, too. More than half of all bank repossessions can be tied to just a handful of states. In March, … (2 comments)
I am extremely excited to announce that the Jeff Onofrio who is the Director of Renovation Lending from Annie Mac Home Mortgage,is on board with us to be a featured contributor. As a nationally known 203k renovation loan expert, Jeff will be able to provide insights to our local customers about a loan product that is under utilized and has endless potential. Jeff is a Southern New Jersey resident, Jeff knows the local market and is available to not only help customers but realtors as well.
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