Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is short sale business news and distressed property news about government programs for distressed borrowers.
Housing News for Week Ending November 22, 2013
Read below to learn about some of the interesting housing news and weird stuff that went on this week in the distressed property arena:
A Shortage of Mortgages I’m not sure that I agree with all the details of this Realtytrac article, but it is a fascinating read. What would happen if less mortgages were available in 2014? Is that actually a possibility?
Lots of Judicial Foreclosures Any agent working the distressed property market needs to fully understand the ins and outs of the foreclosure process for his (or her) state. There is often media hype surrounding certain types of foreclosures. So, to know if your state is impacted, you must know if your state conducts judicial foreclosures. Judicial foreclosures are now on the rise. (By the way, California is not a judicial foreclosure state.)
What You Need to Know About Mortgage ForgivenessThis The American Genius article provides some insider information on Mortgage Debt Forgiveness. If you have a client that has sold or is selling short, this is the article to read!
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Not sure whether you’ve heard the news. But, my new daily planner and goal setting book is now available. It's called the The Essential Daily Planner for Real Estate Agents: Success in 10 Minutes a Day. The book has received many accolades. In fact, Shark Tank star and real estate mogul, Barbara Corcoran, had this to say about the book: “This clever book is a business coach and an accountability tool all in less than 250 pages! Read it, use it, and watch your productivity skyrocket!” The planner is available on Amazon. So, if you are looking for a tool to assist you in bringing your real estate career to the next level, you may want to check it out!
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In any case, there’s lots going on in the housing news arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with the short sale news and all of the changes in the industry. Sometimes that’s hard, which is why we’ve provided you with a weekly recap of the distressed property news and short sale news right here.
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