Barbara and Susi

7 Things All Borrowers Should Know About FHA Loans

This article from RISMEDIA is so good, I am posting it here for all to read and want to give 100% credit to RISMEDIA. FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better [...]

7 Things All Borrowers Should Know About FHA Loans is a post from: Barbara and Susi

Foreclosure Sales Report

RealtyTrac, one of the leading online marketplaces for foreclosure properties released its first U.S. Foreclosure Sales Report, which shows that foreclosure homes accounted for 31% of all residential sales in the first quarter of 2010, and that the average sales price of properties that sold while in some stage of foreclosure was nearly 27% below [...]

Foreclosure Sales Report is a post from: Barbara and Susi

Can you guess the 10 most recession proof cities in the U.S?

What characteristics do the 10 Most Recession-Proof U.S. Cities have in common? The most recession-proof cities didn’t see home prices surge in the first place, so they didn’t experience a big housing bubble followed by a crash, and their economnies weren’t rooted in the auto industry. The top 10 stable cities identified by MetroMonitor are: [...]

Can you guess the 10 most recession proof cities in the U.S? is a post from: Barbara and Susi

Beware of Short Sale Scammers

Beware of the Short Sale Scam Because of the large number of short sales and because they promise to remain strong for the next five years, they are the perfect playing field for unscrupulous scammers. Unlicensed “Short Sale” negotiators are approaching homeowners in distress and asking for upfront money to negotiate with lenders. This is [...]

Beware of Short Sale Scammers is a post from: Barbara and Susi

The Four Myths Regarding Housing Statistics

After years of hearing how home prices are plummeting and foreclosures are mounting, consumers want to feel hopeful about the housing market — but maybe they’re being too optimistic. In a presentation to the National Association of Real Estate Editors in Austin, Texas, last week, Stan Humphries, Zillow.com’s chief economist, pointed to four myths he [...]

The Four Myths Regarding Housing Statistics is a post from: Barbara and Susi

Delinquencies and Foreclosure Starts Increase in First Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 10.06 percent of all loans outstanding in the first quarter, up 59 basis points from the fourth quarter, and up 94 basis points from one year ago, according to the recently released Mortgage Bankers Association’s (MBA) National Delinquency [...]

Delinquencies and Foreclosure Starts Increase in First Quarter is a post from: Barbara and Susi

Short Sale and Foreclosure Resource SFA

Having earned the CDPE designation was a great step in a quest to help homeowners facing foreclosure. Recently I added to that designation with the SFR which is the National Association of Realtors course with certification upon passing course materials and exams for those agents interested in working short sales. It stands for Short Sale [...]

Short Sale and Foreclosure Resource SFA is a post from: Barbara and Susi

Ten States Account for 70% of Nation’s Foreclosures

According to Realty Trac, California accounted for 23% of the nation’s foreclosures for the first quarter of 2010-The highest foreclosure activity in the nation. Florida claimed the number two position followed by Arizona. Despite close to a 5% decrease in foreclosure activity from the previous quarter, Illinois had the fourth highest foreclosure activity in the [...]

Ten States Account for 70% of Nation’s Foreclosures is a post from: Barbara and Susi

Keep Your Eye on The Foreclosure Numbers

Foreclosure trends for the month of February, 2010 show 47, 035 Notices of Default nationally, with 30, 881 in California and 1, 573 in Orange County. Notices of Trustee Sales show 86,595 nationally, with 26,591 in California and 1,493 in Orange County. Bank owned properties nationally came in at 80,232 with 12,591 in California and [...]

Keep Your Eye on The Foreclosure Numbers is a post from: Barbara and Susi

List of HAFA Lender Participants and Borrower Guidelines

The list of lenders participating in HAFA (Home Affordable Foreclosure Alternative) is quite extensive. Remember, participation in HAFA by the banks is voluntary. Those lenders participating in HAFA have guidelines they must adhere to, if they are to be compensated under the HAFA program for their participation. A homeowner who meets the criteria of HAFA [...]

List of HAFA Lender Participants and Borrower Guidelines is a post from: Barbara and Susi