Short Sales less painful to banks than Foreclosures

If you’re underwater on your home here’s some guidance on leveraging your bargaining position.  Whatever you do the ostrich approach of putting your head in a hole in the ground hoping the problem goes away doesn’t work.  Be proactive – get educated and take ACTION. If your an investor maybe SS’s are a source of [...]

Zillow: US home values to drop about $681B in 2011

Annual loss is 35% less than in 2010 By Inman News, Thursday, December 22, 2011. The value of overall homes nationwide has likely dropped just over $681 billion this year, according to property search and valuation site Zillow. That drop, to a total estimated value of $21.9 trillion for U.S. homes, is 35 percent less [...]

FHA will keep funding flips through 2012

Good news for efficient markets & real estate investors too!  Inman news reports FHA will in effect keep funding flips by extending it’s 90-day resale waiver program through 2012. FHA will keep funding flips Waiver for 90-day resales extended through 2012 By Inman News, Wednesday, December 28, 2011. For the second year in a row, [...]

Shadow Inventory still an Iceberg

Here’s a very informative article by/via Dr. Housing Bubble about the massive, off the popular news radar, shadow inventory looming on lenders balance sheets. Shadow Inventory Armageddon The biggest problem facing the housing market is still the large amount of stubborn shadow inventory.  The fact that this figure remains elevated is a sign that the [...]

American Land Title Association says title insurance premiums are down 4.6%

FHA – Could it be here we go again?

Well, we will have to see how this one plays out.  Congress Worries FHA Could Be ‘Fannie, Freddie, the Sequel’ Housing and Urban Development Secretary Shaun Donovan’s appearance before the House Financial Services Committee on Thursday came after an independent audit warned last month that the agency could soon run out of money and require [...]