neenah: Survey statistics shows 95% of people still are not understanding short sales!
- 05/21/10 03:41 AM
An article about a recent survey from Trulia.com and RealtyTrac released today really shows people are not getting the help they need or they do not understand how to solve their foreclosure problems. Points of interest: 1. 59% would not strategic default or leave the keys and walk. Shows there are still a large number... 41% would consider walking away...that's nearly half. 2. 69% would opt for loan modification but it shows only 10% actually are successful to loan modification. How many still fall behind after they modify. Not good, so only 10/100, sounds like the odds are against you or … (4 comments)
neenah: Will the Real Estate market sales come to a halt without the tax credit?
- 05/12/10 03:24 AM
I am sure like most of us, myself included, are happy for the break from the "all at once" deadline rush to get under contract to receive the tax credit. My local market was swamped with people buying, and sometimes over paying for homes because so many offers where being written. It appears that the general public needs a "whats in for me" incentive and a deadline to get them off the fence to buy houses. I do believe that the tax incentive, for all its good and bad attributes, did help people over the fear of a "decline after purchase" … (2 comments)
Did you know there was a $3,000 stay in property bonus for you the homeowner if you qualify? Have questions or need help, I give you honest answers.... … (1 comments)
neenah: RE/MAX Chairman Urges Lenders to Release Properties
- 02/17/10 04:09 AM
Dave Liniger, RE/MAX International Chairman and Co-Founder, recently urged government and economic leaders to push lenders to release foreclosures to help speed their short sale processing so the housing market can recover. Liniger made his comments as a featured speaker at the Five Star Government Forum in Washington D.C. The Forum brought government and industry leaders together to share ideas for building stability in the nation's housing market. A proactive approach and current information is the only way to get things moving. Buyers can be very unfamiliar with the process of short sale, but for banks, this is the best avenue … (0 comments)
neenah: Is this the Home Owner "bailout" everyone is waiting For?
- 02/15/10 02:13 AM
A new article published 2/12/2010 states that mortgage companies need to give incentives to people to stay in they home and not walk away or strategically default. Upside down property values are leaving nearly 25% of homeowners owing more on their mortgage than the home is worth, and many are getting advised or may find it tempting to walk away even if they are financially able to keep making their mortgage payments. The idea of this may be easier or less stressful if they “strategic default” to get out from under the debt completely or to force the servicer’s hand for … (1 comments)
I write about real estate topics specific to foreclosure, short sales and mortgage trends. I try to inform readers how this relates to them and how it may affect their buying and selling of real estate.
An article about a recent survey from Trulia.com and RealtyTrac released today really shows people are not getting the help they need or they do not understand how to solve their foreclosure problems.;)
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