REOCON 2013: An update on short sale and REO trends | HousingWire

REOCON 2013: An update on short sale and REO trends | HousingWire

Celebrity Foreclosure- Ex Atlanta Falcon's Jamal Anderson’s mansion sold at foreclosure auction

Jamal Anderson’s mansion sold at foreclosure auction

Rental demand to grow by 6.6 million through 2016 | HousingWire

Rental demand to grow by 6.6 million through 2016 | HousingWire

3 Reasons Why Realtors Need a Good Negotiator

Now that the real estate market is looking to flatten out and it has reached it's rock bottom, lenders are looking to get rid of all of the shadow inventory clogging the foreclosure pipeline.

For the first time in over four years, the loss mitigation departments at the lenders and servicers are starting to streamline the short sale process and take offers below what they are owed. This means millions of properties are going to come into the real estate market. This is good for buyers and realtors.

Boost Your Credit Score in 30 Days by Doing This

It is important to review your credit report for inaccuracies in any of these four identifying factors. Any mistake can adversely affect your credit score. Some common mistakes found in credit reports are:

Misspelled first or last name - This can cause the credit bureau to pick up the information of another person’s report. Make sure that your first, last, and even middle name is spelled correctly.

Improper suffix – This is a common mistake among men who are named after their father. Make sure that your credit report has you listed as a Junior or Senior so that you don’t get reported as your father or son.

Buyers want to buy now, while sellers are inclined to wait | REwired

Buyers want to buy now, while sellers are inclined to wait | REwired

Luxury real estate buyers drive market activity | HousingWire

 Luxury real estate buyers drive market activity | HousingWire

Paper edited by Sheila Bair focuses on fixing housing | HousingWire

Paper edited by Sheila Bair focuses on fixing housing | HousingWire

Mortgage delinquencies tick up in December | HousingWire

Mortgage delinquencies tick up in December | HousingWire

Servicing, lending rules prompt hunt for compliance experts | HousingWire

Servicing, lending rules prompt hunt for compliance experts | HousingWire

Five Easy Steps to Modifying Your Loan

The housing crisis has been hitting homeowners hard since 2007. The number of homeowners facing foreclosure is staggering. Nearly 15% of homes are in some sort of foreclosure proceeding. One out of three homeowners are “underwater” in the value of their home, meaning they owe more than what their property is worth.

COMMITTED: Freddie Mac aims for 75% reduction in short-sale timelines | REwired

COMMITTED: Freddie Mac aims for 75% reduction in short-sale timelines | REwired

A Smart Short Sale Guide for Dummies Part #1

A Short Sale is a process during a pre-foreclosure procedure, whereby the bank will accept a lower percentage amount of the face of the loan, as well as deduct the interest and penalties, due to the financial hardship of the homeowner.

Why Banks are Finally Finishing their Loan Mods?

There are some other facts that explain why lenders are actually in favor of working with borrowers and their legal specialists in order to negotiate equitable loan modifications.

Beware of these Pitfalls When about to do a Short Sale!

You can represent the seller or homeowner in distressed situations like this one, as long as you are purchasing the property yourself. The main thing you need to do is ask yourself these questions.

We Answer Your Tough Loan Modification Questions

What is a Loan Modification?
In simplest terms, a loan modification restructures the terms of a loan without actually refinancing the property it secures. Investopia defines a loan modification as an agreement between the lender and the borrower which stipulates a long term relief from untenable loan terms. Modification of a loan applies to the terms governing the interest rate, the amount of the monthly payment, and in some cases also the length of the loan.

Finding Gems in the Luxury Real Estate Market

What are some of the factors driving the heated luxury Real Estate Market?

Market was not saturated: The luxury high end market was not oversaturated with inventory like other markets. This created a good balance between supply and demand. With many wealthy buyers entering the market from all over the world, this drives up the demand, and the price, of the most sought after addresses.

The Best Tips on Financing Commercial Real Estate

Besides residential real estate, there are also bargains in the commercial real estate market as well. Depressed owners are selling apartment complexes and strip malls below market value as well. Before you go shopping for your next piece of property, follow these tips.