Monthly Archives: June 2012

Will 2012 Spell The End of The Slide?

Economists and Experts Projecting Housing Market Continued Recovery Supply down, demand and prices up Year over year, home sales are up — due to a combination of increased investor activity and low mortgage rates — while the available inventory of houses for … Continue reading

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Annual Foreclosure Rate Still Falling

20th Month In a Row That Foreclosures Decline Year-Over-Year Foreclosure activity down from last year, but up from last monthThere were more than 200,000 foreclosures in May, a nine percent increase from foreclosures in April. May saw 1 in every … Continue reading

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FHA Moves To Forestall Foreclosures

As many as 5,000 distressed loans to be sold each quarter The Federal Housing Administration (FHA) announced last week that they are implementing a bulk sale program to liquidate some of the distressed loans they hold. Currently the agency holds … Continue reading

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Just 7 Months Until Short Sales Have Ugly Tax Implications

Mortgage Debt Relief Act set to expire at the end of the year Homeowners who experience principal reductions on their mortgages — through mortgage restructuring, foreclosures or short sales — have relied on The Mortgage Debt Relief  Act of 2007 to keep … Continue reading

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