LATEST NEWS

FDIC experiments with homeowner rescue plan
Washington Post -
With the FDIC at the helm of IndyMac, which was seized after it became one of the country's largest bank failures, regulators are attempting ...

Why Now Is the Time to Help Your Heirs
Wall Street Journal -
Parents and grandparents are transferring to their heirs assets that they believe are temporarily depressed -- from real estate to stocks to stakes in ...
Housing analysts discuss local impact of meltdown
Las Vegas Review - Journal, NV -
That part's fact," Tim Sullivan of Sullivan Group Real Estate Advisors said. "It's not going to change overnight. That's fiction. It's going to take months ...
When upscale owners fall short
Chicago Sun-Times, United States - 13 minutes ago
It's also an example of a short sale, or a house that's being sold for less than the mortgage debt on it. It is seen in the use of short sales, ...
Median home price plunges to $475000 as Watsonville sales soar
Santa Cruz Sentinel, CA - 11 hours ago
Many of the homes sold are either owned by a lender or a "short sale," where the owner owes more than what the home is worth and the lender agrees to a sale ...
Foreclosure, lender-mediated sales up in Q3
Bizjournals.com, NC - Oct 17, 2008
A lender-mediated sale, also known as a short sale, is the result of negotiations between a financial institution that holds a mortgage and an in-default ...
Foreclosures, Falling Prices Spur Pr. William Home Sales
Washington Post, United States - Oct 16, 2008
But the competition hurts banks as much as sellers by depressing prices negotiated for short sales. In a short sale, the lender does not foreclose but ...
The Short End OF The Stick With Short Sales
Mosnar Communications Inc Blog, GA - Oct 15, 2008
You would think that during this foreclosure crisis that banks would jump at the chance to sale their properties in foreclosure via a short sale just to get ...
Realtors: Third of home sales ‘lender-mediated’
Finance and Commerce, MN - Oct 16, 2008
Dickinson notes, for example, that sellers are not required to disclose that they are doing a short sale if the property is not in foreclosure. ...