Loan modifications rise 69 percent in third quarter! Is the end of the tunnel in sight?
The HAMP loan is finally taking off…(Home Affordable Modification Plan) US Department of Treasury, Office of the Comptroller of the Currency (OCC) www.occ.gov reported that Loan modifications rise 69 percent in third quarter. Apparently there were more than 680,000 home [...]
The Bureau of Census (HousingMatrix.com) reports surge in home sales
Existing home sales surged for the third month in a row, September, October and November 2009…rising 7.4% in the number of sales. November saw the largest gain since February 2007 and home resales are 44.1% above a year ago!!! More than half of allsales were first [...]
The wild west of Real Estate
December 17, 2009 (Ris Media reports)
“Treasury department recently released guidelines and forms for it’s new Home Affordable Foreclosure Alternatives Program (HAFA). Homes Affordable Modification Program (HAMP) provides incentives for a short sale (SS it’s about time)…deed-in-lieu (DIL) used to avoid foreclosure on an eligible loan.”
Terryynn -
The new guidelines are a [...]
Kirkwood had 14 properties come on the market this year. Of those, 1 is pending, 5 sold, three of those in May, wow, what a summer rush, eh? There were 6 properties that came off the market or never sold! [...]
The market in Diablo Creek has been rough this year. There were only 4 sales between $120,000 and $155,000 for a 2 bedroom and $175,000 for a 3 bedroom. It can only go up, right? [...]