Archive for the ‘Sellers’ Category
Tuesday, August 24th, 2010
Since I was a little late on the June stats, I already have the July 2010 number for the Home Affordable Modification Program (HAMP) ready to go.
Successful Completions are at 421,804, up from 389,000 in June
Program Drop-outs are at 630,000, up from 530,000 in June.
The program now has a dropout ...
Posted in Buyers, Foreclosure, Investors, Sellers, Statistics | No Comments »
Monday, June 21st, 2010
If you remember from April... (http://www.therealestateledger.com/2010/05/loan-modification-program-has-nearly-as-many-failures-as-successes/):
Over 1.2 million Americans have started the government backed Loan Modification Program, of which 299,000 homeowners (25%) have completed the process and 277,000 (23%) have been dropped. The number of homeowners dropping out has increased from 155,000 the prior month, leaving me to believe that ...
Posted in Foreclosure, Sellers, Statistics | No Comments »
Thursday, May 20th, 2010
Just some quick updates on the short sale process:
The government will pay to move you out - the Obama administration will be giving $3,000 for moving expenses for homeowners who complete a short sale or agree to turn the deed over to the lender
The banks will know the offer they'll accept - lenders ...
Posted in Buyers, Foreclosure, Sellers | No Comments »
Tuesday, May 18th, 2010
Over 1.2 million Americans have started the government backed Loan Modification Program, of which 299,000 homeowners (25%) have completed the process and 277,000 (23%) have been dropped. The number of homeowners dropping out has increased from 155,000 the prior month, leaving me to believe that next month will have more ...
Posted in Foreclosure, Home Owner, Sellers | 1 Comment »
Thursday, April 22nd, 2010
Article courtesy of Our Island Real Estate:
No matter how long your home lingers unsold, you can comfort yourself that at least you're not Mark Twain.
The celebrated author put his Hartford, Conn., home on the market for $60,000 in 1901, according to biographer Fred Kaplan. Despite repeated markdowns, the elaborate house ...
Posted in Home Owner, Sellers | No Comments »
Wednesday, March 31st, 2010
Standard & Poor's/Case-Shiller 20-city home price index rose .3 percent from December 2009 to January 2010, the eighth straight month of gains. While the gains have been moderate, the index is up 4% from the bottom in May 2009 yet still down 30% from the peak in May 2006. The ...
Posted in Buyers, Home Owner, Investors, Sellers, Statistics | No Comments »
Wednesday, February 3rd, 2010
One in every four homeowners in the United States is 'underwater', meaning they owe more on the home than it's actually worth. And you can expect that number to rise.
It's actually amazing to believe that such a high number of houses fall into this category. It was recently estimated that ...
Posted in Foreclosure, Home Owner, Investors, Sellers, Statistics | No Comments »
Saturday, January 2nd, 2010
Back in July I wrote this: http://www.therealestateledger.com/2009/07/loan-modifications-falling-short-of-goal/
UPDATE: A New York Times article is pronouncing the Making Home Affordable program... a failure. Initiated by the Obama Administration earlier this year, the program intended to modify the mortgage payments of distressed homeowners so they would be able to afford and continue to live ...
Posted in Buyers, Foreclosure, Sellers | No Comments »
Tuesday, December 29th, 2009
Home prices rose again but in only 11 of the 20 regions tracked by the Standard & Poor's/Case-Shiller home price index. The index is off of it's lows from May of this year but is still well below it's all-time highs in April 2006. On Monday it was reported that ...
Posted in Buyers, Foreclosure, Home Owner, Investors, Sellers, Statistics | No Comments »
Wednesday, July 29th, 2009
As expected (by myself, not the Obama camp), the housing initiative that allows borrowers to modify their home loans to avoid foreclosure is not going so well. The original goal was set at helping out between 3 and 4 million homeowners. Everyone cheered at the proposal and the 'promise' but ...
Posted in Foreclosure, Home Owner, Sellers | 1 Comment »
