"Undisclosed payments in short sale transactions, especially those paid outside of escrow, may violate the law, including RESPA, laws against loan fraud, and licensing laws."
Click here to read more: Realty Times - Undisclosed Short Sale Payments May Lead to Trouble
Florida's existing home sales soared in March, growing 25 percent compared to the same time last year and topping February sales by 37 percent.
Go here to read entire story: Palm Beach County home sales leap 23 percent
Top banking industry executives are skeptical about helping troubled borrowers by forgiving a portion of their debt.
Click to read entire article:Banking execs skeptical on mortgage reductions
SHAME….SHAME……ON YOU!!!
The mortgage crisis is causing more than just heartburn for homeowners. It’s changing their moral compass.
Homeowners are walking away – even when they can afford their payments. Some loot on the way out the door, carting off light fixtures, appliances, anything of value.
Click here to read entire story: Default can spur revenge desire
Effective today, the short sale process is simplified. The only problem: Many lenders don’t know it, and Realtors may have to convince them.
Click here to read entire story: New federal program for short home sales starts today
"Credit After Foreclosure, Bankruptcy, or Short Sale." It is an extremely useful document for those who have questions about how credit is affected by the various ways in which one might lose his or her home.
Click here to read entire story: Realty Times - Credit Consequences of Home Loss
Homeowners defaulting on mortgages today may be surprised to learn years from now that they still owe thousands of dollars—and a collection agency is coming after them to get it….REALTORS PLEASE TAKE NOTICE…
Click here to read entire story: Years after Loan Default, Homeowners May Still Owe | RISMedia
A 2009 U.S. District Court decision indicated that add-on fees – commonly known as transaction fees – not accompanied by specific services violate federal law. As a result, many large real estate brokers altered their commission rate and fee procedures
Realtors click here to read entire story: HUD clarifies realty add-on fees or transaction fees
Freddie Mac is moving to buoy the battered Florida condo market, waiving lending rules that made it harder to buy and sell units in many condo buildings. Developers may now have an easier time selling units….
Click to read entire story: Freddie Mac easing lending rules on Fla. condos
These are sobering numbers……There are about 6 million homes in foreclosure or whose owners are several months behind in payments. ….. government programs to forestall foreclosures have helped keep these homes from hitting the market. That’s allowing prices to stabilize…... about 2 million homes per year will go on the market in the coming years
Click here to read entire story: Investors learn to accept bad housing numbers
The program requires lenders to reduce mortgage payments for three to six months for unemployed homeowners. It also encourages mortgage servicers to consider reducing principal for borrowers who stay current on their loans.
Click here to read entire story: Expanded mortgage aid program should cut foreclosures
A run-up in housing prices contributed to the downfall of real estate, but now some appraisers fear low-ball valuations could lead to the next market muddle
Click her to read entire story: Appraisers say cheaper valuations open door for short-sale abuses
Something unusual happened over the past few weeks. Bank lending in the U.S. didn't fall significantly.
Click here to read entire story: Bank Lending Indicates America Is On The Mend - Forbes.com
What happens after the tax credit goes away? Is the housing market toast in the second half of the year?
“In the immediate months after the tax credit deadline, home sales will fall notably” as stated by Lawrence Yun Ph.D. , Chief Economist National Association of Realtors. But wait, there’s more interesting news. Read on….
FBook friends, please click “View Original Post”
Click here to read entire story: Economists' Outlook: Commentary, March 29, 2010
One of the proven ways to generate leads from the Web is with a "stealth" Web site. The question is: Are you putting your license at risk by using this strategy?
Fbook friends, click “View Original Post”
Click here to read entire story: 'Stealth' marketing pays off | Real Estate and Technology News for Agents, Brokers and Investors | Inman News