foreclosures: Feeling down at all? This really is the best advice for Agents & LOs! - 07/24/12 10:11 AM
My son's 3 year old boy had this great advice over the weekend which, if followed, would help all of us in the Real Estate and Lending "arenas"!
 
If you are feeling like the squirrle below, here's some good news:  "Real Estate price index values rose from January’s low ($195,000) at a pace not seen in more than half a decade...  Home prices have risen 2.5 percent so far this year, indicating an exceptionally strong spring...  While prices typically see a boost in the spring, the magnitude and speed of this increase and its consistency across the nation have not … (2 comments)

foreclosures: Foreclosures: Five Common Misconceptions Unveiled - 03/27/12 08:36 AM
Foreclosures
Unraveling the Myths

“Foreclosure” is a word that those keeping track of the market and economy, as well as us Brokers, Agents and Loan Officers have become accustomed to. “Foreclosure” means a lot of different things depending on what viewpoint you’re looking from.  But one thing’s for sure: Over the past few years propaganda spread myths and rumors about foreclosures and various misconceptions have come and gone.  Below are five foreclosure myths and the counter explanations, from Trulia “5 Foreclosure Myths for 2012” by Carl Medford.  I for one hope that #1 “myth” does in fact carry through and … (3 comments)

foreclosures: The Wave of Foreclosures is Coming. - 03/19/12 08:00 AM
In one of my recent blogs I spoke of foreclosures declining and how this was a blessing for some and for others the lack of homes for sales inventory was a hardship….looks like there’s about to be a “vice versa” on these standings:
 
This article gives some specifics as to why an increase in foreclosures has been predicted and looks pretty imminent - http://www.thenichereport.com/breaking-news-2/foreclosures-decline-year-over-year-set-to-heat-back-up-with-huge-mortgage-settlement/
 
The “Niche Report” states the Why is, “The $26 billion settlement between the five big banks and state attorneys general over past foreclosure practices.”  This settlement covers the exact proceedings or handlings of foreclosures which … (4 comments)

foreclosures: Foreclosures Fall 8% During Last Month Alone! What this means for the market - 03/16/12 04:08 AM
Foreclosures Fall 8%, New Wave Expected
How it will affect the market


One of the plagues of today’s market continues to be foreclosures. It’s a word that makes many home owners shudder and a feeling of malcontent while to others it’s a “blessing” for they can possibly afford to buy this home for their family. I read an article this morning in Realty Mag with some [encouraging ] news about foreclosures and their percentages falling. First, however, we need to understand why foreclosures are more likely than not worse for the economy than not.
It doesn’t just affect … (5 comments)