Feb 28th 2013 1:01PM
By Les Christie Struggling homeowners increasingly turned to short sales to get out from under mortgage debt last year. There were nearly three times as many short sales as there were sales of foreclosed homes in 2012, according to RealtyTrac. Foreclosures accounted for 11 percent of all sales, down from 13 percent a... Continue Reading »
Jan 31st 2013 9:00AM
Defaulting on your mortgage inevitably pushes you into the foreclosure process, and that can be a very traumatic experience. But there is a glimmer of hope, even if you're already getting phone calls and notices warning you of impending foreclosure. If you live in a state where it takes an exceptionally long time to... Continue Reading »
Oct 31st 2012 10:44AM
A majority of the largest metropolitan areas in the U.S. recently received good news on the mortgage front, as foreclosures dropped in the third quarter. Home seizure activity slumped on an annual basis in 62 percent of the nation's 212 largest population centers during the period, according to the latest data from the... Continue Reading »
Oct 22nd 2012 7:45PM
Despite the many recent signs of life in the real estate market -- one possible explanation for why housing policy has remained largely absent from the presidential debates -- the reality is still grim. The market is far down from where it was in 2008, when the financial crisis was reaching its peak, let alone the days of... Continue Reading »
Jul 30th 2012 11:15AM
Due to a confluence of several factors, experts predict that there will likely be a significant uptick in the number of short sales for distressed properties throughout the rest of the year, with a spike coming over the next few months. The market for short sales -- that is, underwater homeowners selling their houses... Continue Reading »
