sell high at auction: How Long Will Negative Equity Last? - 04/04/10 04:18 PM
There has been a lot of recent talk about mortgages in negative equity – underwater homes – and the impact on the housing market. In response, First American CoreLogic asked the question: When will these homes start to float?The company estimates that the typical underwater homeowner will not begin to surface until late 2015 to early 2016. It’s an even longer stretch for some of the most depressed markets, where First American CoreLogic says the typical borrower in negative equity may not experience positive equity until 2020 or later.Even in markets with low shares of negative equity, the recovery time will … (1 comments)

sell high at auction: Fannie Bars Foreclosure Actions in the Name of MERS - 04/03/10 02:28 AM
In new policy guidelines released this week, Fannie Mae told servicers that they can no longer name MERS as the plaintiff in any foreclosure action, whether judicial or non-judicial, on a mortgage loan owned or securitized by the GSE.MERS is widely used by the industry to keep track of the servicing rights on home loans. In fact, the top 100 mortgage originators and servicers employ the system. Its repository includes information on over 60 million home loans electronically registered by lenders.MERS was created to be a paperless property registry to facilitate the quick transfer of mortgages between lenders and the inclusion … (0 comments)

sell high at auction: Freddie Mac Announces REO Auction Blitz Ahead of Tax Credit Deadline - 04/03/10 02:17 AM
Freddie Mac is riding the wave of the homebuyer tax credit, hoping it will be incentive enough to entice deal-seekers to snatch up foreclosed properties it has repossessed in the hard-hit Las Vegas and Southern California markets and put a dent in the GSE’s swollen inventory of REO properties.Freddie officials announced Thursday that in conjunction with the California-based asset management firm New Vista, the mortgage giant plans to auction off hundreds of HomeSteps REO properties to individual homebuyers in Las Vegas on April 24 and in California’s Inland Empire on April 25. HomeSteps is the real estate sales unit of Freddie … (0 comments)

 
Paul Roesch 618-233-1000, Real Estate Auctioneer CAI St Louis MO Auctions (Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals) Rainmaker large

Paul Roesch 618-233-1000

Real Estate Auctioneer CAI St Louis MO Auctions

Webster Groves, MO

More about me…

Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals

Address: Metropolitan St Louis MO and surrounding Illinois and Missouri Counties, 63124

Office: 618-233-1000

Mobile: (618) 407-8479

Email Me

I sell real estate assets fast and economically. I auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers. Paul Roesch cell: 618-407-8479


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