Anyone who thinks that the issue of robo-signing is the biggest the housing market has to deal with is gravely wrong. Though foreclosure fraud is admittedly something the market does not need at this point, industry insiders and watchers have more to worry about than the investigation regarding foreclosure proceedings. The still weak (perhaps weakening?) economy coupled with high unemployment Read full article »
Archives for Residential
Banks Versus Title Insurers On Liabilities Regarding Foreclosure Errors
Many may not have know what title insurance is unless they have started buying property but many are surely about to title insurers as they get dragged into the foreclosure paperwork mess. And as title insurers push for a blanket agreement with banks, banks remain adamant refusing to sign such agreement. As of late, everybody has been reading about foreclosure delays Read full article »
A Closer Look At The Mortgage Headlines
With lots of news coming out regarding the housing market, especially on the mortgage and mortgage-backed securities, it is easy to get lost in all the hype. And it is also easy to mix the fact from fiction. But many will be surprised that some of the news circulated in major news outlets is grossly exaggerated. One of those will be Read full article »
Experts Offer Various Solutions For Saving The Housing Market
Sometimes it’s a wonder if the housing market is still salvageable. It’s just not that home sales are down and prices are depressed and that the major mortgage servicers are in hot water for alleged mess in processing foreclosure paperwork, it’s also that the solutions that the government has offered seem to not be working. With everything looking as bleak Read full article »
category: Featured, Residential
tags: foreclosure, solution
Mixed Results For Las Vegas Luxury Homes
The real estate market may be trying to regain its composure but it still sees varied responses from time to time as prices and sales seesaw up and down from month to month. Even luxury homes, which cater to the more affluent people of the country, home sales and prices are hardly stabilized. One real estate firm in Las Vegas Read full article »
tags: Las Vegas, luxury homes
Wells Fargo Refiles Foreclosure Affidavits, Analysts Unsurprised
Publicly traded companies are under an obligation to announce business developments to its investors and analysts. Admission of an error in foreclosure proceedings is counted under that particular obligation. This is probably why the country’s second largest mortgage servicer, which previously said no such errors occurred in their banks, is now making a disclosure. Wells Fargo & Co. made an unexpected Read full article »
tags: foreclosure, wells fargo
Obama Administration In Line Of Fire From Congressional Oversight Panel
What’s happening to the housing market right now is very reminiscent of what economist Milton Friedman once said, "The government solution to a problem is usually as bad as the problem." At least that’s what a key government panel thinks. The Obama administration is now in hot water for allegedly failing in most housing-related issues. The Congressional Oversight Panel, which is Read full article »
The Crazy Idea Just Might Work: Bring Back Mortgages For Non-Prime Borrowers
The housing market has been on the dumps for two years now and solutions being implemented do not seem to work. Different analysts, economists, and other insiders are suggesting ways to help the market on its way to recovery. Sometimes, the most insane ideas come afloat but they do not necessarily have to be dismissed – as crazy as the Read full article »
Increased Home Sales But Depressed Prices
At this point, the housing market just cannot have everything. It has recently registered an increase in home sales but is still fearfully scraping along the bottom, as apparent in subdued prices and the recent scandal on foreclosure fraud. The National Association of Realtors reported a 10% surge in existing home sales for the month of September. The seasonally-adjusted reading for Read full article »
Use Of Stern Firm For Foreclosure Work Suspended By Fannie Mae
State attorneys general in all 50 states have recently launched a joint investigation on the recent allegations of fraud regarding foreclosure paperwork and proceedings. With the real estate world focusing on said issue, banks and mortgage lenders can never be too careful. This is why the country’s largest provider of mortgage financing has decided to suspend foreclosure work with a Read full article »
category: Legal, Residential
This is box left header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.
This is box center header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.
This is box right header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.