A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
By way of example, a Short Sale may be appropriate for a home seller whose mortgage balance is...
The national housing supply fell to a 2-year low last month, according to the National Association of Realtors®.
At the current sales pace, existing home inventories would sell out in 7.8 months — 30 percent faster versus November 2008.
For a 10-month window, that’s a major housing supply...
For the seventh consecutive month, foreclosure activity in the U.S. was dominated by a tiny subset of states.
As reported by RealtyTrac.com, more than half of September’s foreclosure-related activity occurred in just 4 states:
1. California
2. Florida
3. Nevada
4. Michigan
These states...
Once again, the country’s foreclosures are concentrated in just a few states.
As reported by foreclosure-tracking company RealtyTrac.com, more than 50 percent of the country’s foreclosure-related actions in August occurred in just four states:
* California : 25.76 percent
* Florida : 17.4...
Foreclosure-tracker RealtyTrac reports that the number of foreclosures nationwide rose 7 percent on a month-to-month basis last month.
However, 3 states dominated the foreclosure list, tallying more foreclosures between them than the rest of the country combined.
California : 30.0 percent
Florida : 15.7...
