ARCHIVED BLOG POSTS
2012
3
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On August 22, 2012 National Association of Realtors® (NAR) reported that nationwide existing home sales in July of 2012 were higher 2.3% from June of 2012, and higher 10.4% from July of 2011. First time buyers acquired 34% of homes in July of 2012, higher from 32% in June of 2012 and from 32% in ...
08/27/2012
On August 17, 2012 The Washington State Supreme Court ruled that Mortgage Electronic Registration Systems, Inc. (MERS) cannot foreclose on a property through non-judicial process unless it holds the promissory note. Justice Tom Chambers wrote, "if MERS does not hold the note, it is not a lawful b...
08/24/2012
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On August 17, 2012, California Association of Realtors (C.A.R) reported that home sales in California were higher 2.0% from June of 2012, and increased 15.3% from July 2011. There were 3.4 months supply of available inventory of homes in July 2012, lower than 3.5 months supply in June of 2012, an...
08/17/2012
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On August 3, 2012, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released July 2012 of the Obama administration's Housing Scorecard on the nation’s housing market. The housing scorecard data shows signs of improvement on mortgage delinquencies,...
08/08/2012
On July 18, 2012, Housing and Urban Development (HUD) announced that it will be selling troubled mortgages to qualified entities at the September 2012 defaulted loans sale pools for the hardest hit four metropolitan areas: Chicago, IL.; Newark, NJ.; Phoenix, AZ.; and Tampa, FL., under the Federal...
08/01/2012
