reo: FHFAs Foreclosure Bulk Sales to investors
- 02/16/12 12:37 PM
FHFAs Foreclosure Bulk Sales to investors The Daily Real Estate News reported today that the Federal Housing Finance Agency is planning a program to attempt to prevent further price drops in communities where foreclosures have been soaring in recent years. The program is getting qualified investors to buy pools of homes but not to sell. They will require them to rent them for a specific period of time and not flip them. By doing this they will be taking them off the market, not showing an individual value because they would be buying in a bulk of 100’s or 1000’s … (0 comments)
reo: Foreclosures and your Health
- 11/21/11 03:26 AM
Were you aware that a study was done that proved that with the appearance of every 100 foreclosures there was an increase at the emergency rooms of a corresponding 7.2% increase of visits for high blood pressure, 12% more anxiety visits and 39% more visits for suicide attempts all within the 20-49 age group
This not necessarily the direct cause of health problems but due to stress linked to financial troubles from losing ones home.
The good news is the shadow inventory, not on the market yet, has decline 18%. Half of this inventory are seriously delinquent with 25% in … (0 comments)
reo: What do I do, I cant afford my home?
- 02/23/11 11:06 AM
We hear this alot, and you need to know the choices. The choices will reflect differently on your Credit Scores. If you do a short sale but you stay current on your mortgage, your FICO scores will get a hit of 30 points ONLY. If you are deliquent on your mortgage and you do a Short Sale, your FICO scores will get hit on a range from 100 to 200 points depending on the severity of your delinquencies. If you decide to do a Foreclosure and walk away from your home and mortgage and you have 7 payments behind in your … (2 comments)
reo: Price fixing at Courthouse auctions
- 01/21/11 08:58 AM
Did you read this:Daily Real Estate News | January 21, 2011 | Share Courthouse Auctions Bring Out Bid-Rigging The FBI is investigating whether real estate investors in California are cheating the system at auctions to keep prices on the properties low. The FBI says it believes some participants are paying others to not bid on some properties so the home's price during the auction remains low--a practice known as "bid rigging." Bid-rigging is illegal and can carry up to 10 years in prison and a $1 million fine. In one recent case, Anthony B. Ghio, a real estate professional in Stockton, Calif., pleaded guilty … (0 comments)
FHFAs Foreclosure Bulk Sales to investors 
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