insert-headers-and-footers domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131oxygen domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131The House of Representatives voted overwhelmingly to approve broader foreclosure protection for military servicemembers in an amendment to a military spending bill. The amendment will extend a stay against foreclosure from nine months to 12 under the Servicemembers Civil Relief Act (SCRA). The proposed expanded SCRA would encompass disabled vets, spouses of fallen servicemembers and […]
For the first time since 2007, foreclosure filings were at their lowest for a month in April 2012. This includes default notices, auctions and bank repossessions. Any increases in foreclosure activity were masked by the decline in the three large, hardest hit states of California, Nevada and Arizona. They were more efficient in processing their […]
More and more, Americans aren’t letting a foreclosure, bankruptcy or short sale prevent them from becoming homeowners again, and quickly. In year’s past, the only option seemed to be renting. But today, as rental prices are on the rise, they want to take advantage of low home prices. So where is the help coming from […]
Mortgage delinquencies have hit their lowest point in 4 years, according to the Mortgage Bankers Association, down from 7.58% to 7.4%. This includes mortgage payments that are at least one payment behind, but does not include loans already somewhere in the foreclosure process. The peak number was over 10%, during the height of the housing […]
There are unique income opportunities for the savvy real estate investor in today's market. Over 46% of all home purchase transactions are distressed properties according to Inside Mortgage Finance Magazine and thier Housing Pulse Newsletter. So what does that mean for you? Bank owned properties, or real estate owned properties (REOs), are homes that went […]
The latest numbers from Zillow’s Rent Index are out, and rentals are up across the country. The rent index rose 2% in February 2012 over 2011, while the Home Value Index fell by nearly 5%. In February, foreclosure sales accounted for 20% of all home sales. “The rental market remains especially strong in areas that […]
Employees at the Wells Fargo office in Charlotte, NC, are citing increased pressure to met a daily quota of signed, sworn foreclosure documents. According to several employees who wished to remain anonymous because of feared repercussions to their jobs, these “Vice Presidents of Loan Documentation,” as the entry-level processors are titled, are being pressured to […]
Unfortunately, this is something that’s happening all too frequently. Homeowners who are in foreclosure and are being forced from their homes are not going quietly. Just the opposite – they are ransacking the place before they o. Cabinets are being ripped out, light fixtures removed, appliances taken. Anger takes over and the homeowners don’t want […]
Short sales are on the rise. Compared to a year ago, the number of short sales being done increased 33%, according to RealtyTrac. In fact, short sales beat out REO sales in 12 states. In all, 32 states saw an increase in pre-foreclosure sales, typically short sales. There are also signs that lenders are more […]
RealtyTrac recently put together a list outlining which lenders/servicers move through the short sale process the fastest and the cheapest. The frontrunners? Freddie Mac, Fannie Mae and FHA have the shortest timelines with 193 days, followed by Ally Financial at 321 days and PNC Financial at 353 days. The short sale timeline being used as […]
