Posted on April 27, 2010 by rashadhart
Bank of America wants to give struggling mortgage customers collecting unemployment benefits up to nine months with no mortgage payment. That’s right. Zero payment. Customers would have to agree that, if they haven’t found a job within the nine months, they will sign over their house to the bank. The Charlotte bank would give them [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Economy, Fannie Mae, Financial services, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Investing, Investor, Loan, Mortgage, Mortgage loan, mortgage news, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Refinancing, reo, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, United States, WA Real Estate, WA REO | Leave a Comment »
Posted on April 27, 2010 by rashadhart
Sales of new homes surged 27% last month, bouncing off the previous month’s record low and blowing past expectations as better weather and government incentives boosted sales.The Commerce Department said Friday that new-home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Case-Shiller index, Economy, Fannie Mae, Federal Reserve System, Foreclosures, Home Buyers, Home Sales, Home Sellers, Investing, Investor, Loan, Mortgage, Mortgage loan, Mortgage Rates, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, reo, seattle foreclosure, Seattle REO, Supply and demand, Tax Credit, U.S. Housing Market, United States, WA Real Estate, WA REO | Leave a Comment »
Posted on April 27, 2010 by rashadhart
Sales of new homes rose 27 percent in March compared to February, the U.S. Commerce Department announced Friday. It was the largest monthly increase since April 1963, when sales jumped 31.2 percent. In addition, the National Association of REALTORS® reported last week that sales of previously owned homes rose 6.8 percent. Economists attribute the figures [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Foreclosure, Foreclosures, Home Buyers, Home Sales, Home Sellers, Investing, Investor, Mortgage Rates, National Association of Realtors, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Seattle, seattle foreclosure, Seattle REO, Supply and demand, Tax Credit, U.S. Housing Market, United States, WA Real Estate, WA REO | Leave a Comment »
Posted on April 15, 2010 by rashadhart
Home sales around Washington state surged last month, with brokers reporting activity at levels “like we haven‟t seen in a while,” according to the owner of a Seattle brokerage. Northwest Multiple Listing Service members reported 8,605 pending sales during March for a 51 percent increase over the same month a year ago. Notably, while entry-level [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Economy, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Investing, Investor, King County, Mortgage, mortgage news, Mortgage Rates, National Association of Realtors, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Seattle, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, Tax Credit, U.S. Housing Market, WA Real Estate, WA REO | Leave a Comment »
Posted on April 9, 2010 by rashadhart
The era of record-low mortgage rates is over. The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are priced out of the market — a threat to the fragile recovery in the housing [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: WA REO, Seattle REO, Seattle Real Estate, WA Real Estate, Bank Owned/REO, Real Estate Investor, Foreclosures, Economy, Home Sellers, Home Buyers, Mortgage, Bank Owned Property, Bank Repossessions, Foreclosure, Real Estate, Home Sales, Business, Fannie Mae, Real estate owned, Investor, Investing, Seattle, Mortgage-backed security, Mortgage Rates, Loan, King County, Real estate pricing, Tax Credit, Refinancing, mortgage news, United States Department of Commerce, U.S. Housing Market, seattle foreclosure, Case-Shiller index | Leave a Comment »
Posted on April 6, 2010 by rashadhart
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Case-Shiller index, Economy, Fannie Mae, Foreclosure, Foreclosures, Home Buyers, Home Sales, Home Sellers, Investing, Investor, National Association of Realtors, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Seattle Real Estate, Supply and demand, U.S. Housing Market, United States, WA Real Estate, WA REO | Leave a Comment »
Posted on April 6, 2010 by rashadhart
Median house prices in King County rose year-over-year in March for the first time in more than two years, according to statistics released Monday by the Northwest Multiple Listing Service. The median price of a single-family home that sold last month was $367,250, the broker-owned service said, up 0.9 percent from March 2009. The last [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Economy, Fannie Mae, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Home Sellers, Investing, Investor, King County, Mortgage Rates, Real Estate, Real estate owned, Real estate pricing, Seattle, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, WA Real Estate, WA REO | Leave a Comment »
Posted on March 31, 2010 by rashadhart
Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cash to encourage lenders to close these deals. “Banks have ramped up short sale approvals,” said Duane Legate of House Buyer Network, which connects short sellers [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Fannie Mae, Home Buyers, Home Sales, Home Sellers, Investing, Investor, King County, mortgage news, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, WA Real Estate, WA REO | Leave a Comment »
Posted on March 29, 2010 by rashadhart
Is this a sign of things to come for other states? I understand that California has a large inventory of homes on the market, the job market is getting hammered and their budget is in the red but is this fair to the other states that are going through similar circumstances. I always look for [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Uncategorized | Tagged: Bank Owned/REO, Bank Repossessions, Business, Economy, Fannie Mae, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Home Sellers, Investing, Investor, National Association of Realtors, Real Estate Investor, Real estate owned, Real estate pricing, Supply and demand, Tax, Tax Credit, U.S. Housing Market | Leave a Comment »
Posted on March 28, 2010 by rashadhart
Housing experts argue that borrowers are more likely to walk away if their mortgages are underwater, meaning they owe more than the home is worth. Nearly 25% of borrowers are underwater, according to First American CoreLogic. Bank of America is launching the program to entice more borrowers to participate in its foreclosure prevention efforts and [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Economy, Fannie Mae, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Home Sellers, Investing, Investor, King County, Loan, Mortgage, mortgage news, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Refinancing, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, WA Real Estate, WA REO | Leave a Comment »
