Asked about home price trends over the next year, 50 percent of respondents in Fannie Mae’s February National Housing Survey said they expect improvements, a recovery from a slide to 43 percent in January. A slightly larger number of consumers anticipate price declines—7 percent, up from 6 percent—while the share of those forecasting no significant movement was down to 38 percent.
The post Consumers Show Renewed Confidence in Housing Recovery appeared first on DSNews.com.
Compared to the prior period, the nation’s average Borrower Health Score was up 2.8 percent to 82.2, rebounding from the third quarter’s 1.6 point drop, according to LendingTree. The Borrower Health Score is calculated using the weighted average of credit score, loan-to-value ratio (LTV), and overall “lendability” of loan seekers in each state throughout the quarter.
The California Association of Realtors (CAR) released a new report, revealing sales of distressed homes have plummeted in the past five years. In January, 2009, 69.5 percent of all homes sold in California were distressed, which included short sales and real estate-owned properties (REO). The report issued Monday noted that five years later, distressed home sales made up only 15.6 percent of sold homes.
The post Rising Home Prices Shrink California Distressed Sales appeared first on DSNews.com.
What is The Short Sale Specialist Network?
We are a nationwide network of Realtors® who are specialists in helping homeowners avoid foreclosure by working a short sale. We have created this site as an outlet for our referral and training programs, as well as to provide a resource for agents around the country to network with each other and discuss tactics and strategies in order to better work short sales.
A site by short sale Realtors®, FOR short sale Realtors®.
At The Short Sale Specialist Network, we also work with thousands of homeowners in financial hardship, educating and guiding them through the short sale process and directing them to a qualified, screened short sale agent in their area.
Basic membership is FREE!
For release: From The CALIFORNIA ASSOCIATION OF REALTORS® December 4, 2013
IRS and California Franchise Tax Board declare California distressed home sellers not liable for federal or state income tax on short sales
LOS ANGELES (Dec. 4) – The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) announced today it…
The Wisconsin housing statistics are in for January of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
The harsh winter took a toll on January home sales in Wisconsin, according to the most recent analysis of housing market activity released by the Wisconsin REALTORS® Association…Continue
Why is it that when you try to help distressed homeowners they seem to not cooperate?
Studies have suggested that homeowners facing the potential loss of their home are riddled with fear, guilt, resentment and doubt.
The fear is the overwhelming feeling and the embarrassment of losing their home, their family and the thought of people talking about them.Continue
Ocwen is the 1st and SLS the 2nd and escrow closed on 1/23/14. Both lenders approved the Hud for closing
Ocwen called days later asking for a new revised approval letter from the 2nd. The 2nd approval stated "minimum
proceeds to close approved short sale to be $6,000. Ocwen approved seller for Hafa and gave 2nd $8500. This
amount was on the Hud that was approved and SLS said they did not need to revise their letter. Title was fine with
this amount as it did state…Continue
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