Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is short sale business news and distressed property news about government programs for distressed borrowers.
Housing News for Week Ending November 15, 2013
Read below to learn about some of the interesting housing news and weird stuff that went on this week in the distressed property arena:
Latest Modification Stats Here are the latest statistics on HAMP modifications: how many have been completed. It’s not nearly as many as originally reported, and the article neglects to mention the 27% redefault rate. You may want to have a read!
Elevated Unemployment Rate OMG! You did not need a crystal ball to predict this one: a higher unemployment rate due to the almost three week government shutdown. What will be the long term effects of this shutdown on housing?
How to Conduct a Value DisputeThis The American Genius article provides awesome tips and tools for conducting a value dispute on a short sale transaction. It’s not uncommon to have to put together a dispute package, and this article tell you exactly how to do just that.
Not sure whether you’ve heard or seen the post, but I'll be on the AR webinar with Bob Stewart, this Wednesday, November 20, 2013, at 10:00 a.m. PST to discuss 5 Ways to Instantly Increase Your Income. And, I promise you that you will not need an advanced degree in science (or even real estate) in order to master these 5 ways. So, if you have time, please join us for the webinar.
In any case, there’s lots going on in the housing news arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with the short sale news and all of the changes in the industry. Sometimes that’s hard, which is why I’ve provided you with a weekly recap of the distressed property news and short sale news right here.
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