Mar 29th 2012 3:00PM
Scanning the foreclosure listings to snap up your dream home on the cheap? It's tempting indeed to take the bottom-fisher route, especially when bank-owned deals are so plentiful and annual housing prices in 20 major cities combined declined 3.8 percent in January, according to the closely watched S&P/Case-Shiller... Continue Reading »
Aug 24th 2011 1:17PM
Monique Bryher, a Realtor with Pinnacle Estate Properties in Los Angeles' San Fernando Valley, has just about had it with squatters. In recent months she's encountered people living in four vacant bank-owned homes she's trying to sell. In one case, she says, the renegade residents "threw weekly rave parties and charged... Continue Reading »
Dec 8th 2010 11:38AM
The housing outlook for 2011 remains murky for countless first-time homebuyers looking to make their move, but there are signs of a recovery amid the doom and gloom. Ever thought you'd hear the words "bidding war" in a housing context again? According to AnnaMaria Andriotis at SmartMoney, sellers in some major markets are... Continue Reading »
Oct 14th 2010 2:46PM
Breaking the record for most bank repossessions in a single month is a funny way to kick off a housing recovery. A total of 102,134 bank repossessions were recorded in September, according to foreclosure-listings site RealtyTrac. Bank repos had never even exceeded 100,000 in a single month before. The news comes as major... Continue Reading »
Sep 3rd 2010 12:48PM
Fannie Mae won't fade away so easily -- at least not before it strikes some fear into sluggish loan servicers. The company has announced that it will penalize loan servicers who take too long to process foreclosures that clearly don't qualify for a short sale or loan modification. The fines will be based on a formula that... Continue Reading »
