owner occupied: Are Real Estate Investors slowing down? - 04/12/13 08:45 AM
With the market becoming more competitive, many think that investors are slowing down.  2011 was a banner year of investor activity and the market witnessed first-hand the effects of billions of dollars flow through their communities from hedge funds.
So since their activity is seemingly slowing the question remains; how long before they decide “cash in their chips?”
The National Association of Realtors, NAR, has been tracking investor activity very closely over the last 2 years especially.  They reported a drop in activity from 2011 to 2012.  Private funds were purchasing as much as 1.23 million investment properties and now, only … (2 comments)

owner occupied: Short Sale Fraud Or Poor Documentation? - 09/29/12 12:13 AM
 
According to reports by the Mortgage News Daily website, misuse of the FHA Pre-foreclosure Sale Program, may have cost the Department of  Housing and Urban Development (HUD) over $1 billion in claims that did not meet program requirements.  Was it short sale fraud or was it poor documentation and enforcement?
The program was introduced in December of 2008, with the release of Mortgagee Letter 2008-43. It is supposed to give home owners relief, by allowing borrowers in default due to an adverse and unavoidable financial situation sell their home at fair market value and use the proceeds to pay off … (6 comments)