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  NEW YORK (CNNMoney.com) -- Foreclosures accounted for a third of all sales -- and sold at a nearly 30% discount -- during the first three months of 2010. According to a new report from RealtyTrac, the marketer of foreclosed properties, 31% of all sales were foreclosures. And homebuyers purchasi...
 For three years, Clark Howard has taken heartbreaking calls from homeowners who've felt there's no way out of the housing mess they're in. Approximately one in four Americans owe more on their house than what it's worth. A fraction of those one in four can't make their monthly payment. Lenders h...
Under Fannie Mae's new Loan Quality Initiative (LQI) that went into effect on June 1, 2010, lenders are pulling a second credit report on the buyer right before closing to verify that the buyer's credit status has not changed and that all debts were disclosed. In other words, the buyer is not of...
Banks: We're hiring so we can make more home loans NEW YORK - Several banks are gearing up to do a whole lot more mortgage lending in the future. Even though new homes sales were at a historical low in May and the housing market in general is in the doldrums, these banks are hiring hundreds of lo...
  Mortgage rates have tumbled to record lows, but high unemployment and job jitters by still-working Americans mean the milestone is unlikely to attract enough borrowers to boost the unsteady housing market, economic and real estate professionals say. Mortgage buyer Freddie Mac reported Thursday ...
  One of a Kind Log Home Set on 3/4 of an Acre Just Across from the Eau Pleine Flowage. Grand Foyer, Light & Bright Living Room with Cathedral Ceiling, Floor to Ceiling Stone Fireplace, & Double French Doors to a Wraparound Deck, Kitchen with Hickory Cabinetry, Large Dining Area with Hickory Floo...
Home Buying Process If you are a first-time homebuyer or haven't bought a home in a while, this guide will offer valuable information about buying a home. Gather the information you will need to qualify for a home mortgage   Before you can buy a home, you will need to secure financing. Be ready t...
Underwriting Borrowers with a Prior Foreclosure A variety of foreclosure alternatives are available to borrowers who are having difficulty making their mortgage payments. In Announcement SEL-2010-05, Underwriting Borrowers with a Prior, Fannie Mae announced changes to the Preforeclosure Sale or ...
New Supreme Court Rule Affects REALTOR® Date: June 14, 2010 MADISON, WI - Almost 50 years ago, the Wisconsin Supreme Court held in State ex rel. Reynolds v. Dinger (1961) by a narrow 4-3 decision that a real estate licensee drafting contracts for customers and clients is the practice of law, but ...
New home sales plummet to record low.   NEW YORK (CNNMoney.com) -- New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit. This snapped a two-month streak of gains. New home sales declined 32.7% to a seasonally adjusted annual rate of...

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