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Homes underwater… how meaningful are the numbers?
I am re-printing this (edited) response to the graphic below… The author brings up a good point. Is it just me that wonders what percentage of the 15.8% means nothing? There are many people who...
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Selling? Waiting Until the Spring Makes No Sense
Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have...
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Advice for buying a home: ignore the peanut gallery!
Among all the other challenges of purchasing a home, today’s buyer often has an added burden: the advice of friends, co-workers and family. And what do these well-meaning-advice givers saying their...
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Short Sale Vs. Foreclosure: A Short Sale Always Wins
The most prevalent question in the ever changing real estate industry that continues to permeate our times is: “Why should a seller go through the short sale process rather than letting their house be...
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Foreclosures drop to lowest level since 2007
2011 Foreclosures down 35% from 2010 Banks filed foreclosures on roughly 205,000 homes in December, the lowest monthly total since November 2007, according to RealtyTrac. The 1.8 million foreclosures...
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Home price prediction in Puget Sound
The number of foreclosure filings last year fell for the first time in at least five years, but don’t break out the champagne glasses yet says a recent Seattle Times article. Filings fell by 34...
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National Mortgage Settlement: What You Need To Know
Last week, the Federal government and 49 state governments (Oklahoma being the exception) agreed to a $25 billion settlement regarding robo-signing and the challenges it created in the foreclosure...
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The true cost of buying a foreclosed home: your foreclosure calculator
Homebuilders are working harder to tell their story The cost of a new home from a builder is all built into the price. Compare that with a foreclosure that sells ‘as is,’ but may wind up costing more...
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New Foreclosure Wave: What Will Be the Impact?
KCM Blog reported two months ago that foreclosures will significantly increase this summer as a result of The National Mortgage Settlement. This month, both Reuters (Americans brace for next...
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Zillow reports one-third of homeowners underwater with mortgage
Zillow just reported that their data shows nearly 16 million homes in this country are now in a negative equity position where the house is worth less than the mortgages on the home. This number is...
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