Green Bay Real Estate, LLC Green Bay Real Estate, LLC, concentrating in the Fox Valley area (Green Bay, Appleton, Oshkosh, Wisconsin), is committed to giving their clients the most reliable and honest service. Visit us at www.greenbayrealestatellc.com For more information contact Dan Balke at (920) 405-9900 Ext 112.
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Are U.S. Homeowners Still Paying Late or in Foreclosure?
I read an interesting article this in Rueter’s this past week. It states that one in every seven U.S. households with a mortgage ended the first quarter behind on payments or in foreclosure, although a peak in unemployment could mean repayment stress is easing, [...]
Foreclosure Rates Soar in March
Foreclosure filings including default notices, scheduled auctions, and bank repossessions rose 7 percent in the first quarter of 2010 compared to the third quarter of 2009 and were up 16 percent from the first quarter one year ago. This information came today in a report from RealtyTrac, [...]
Existing Home Sales Rise in March
Buyers responding to the home buyer tax credit and favorable affordability conditions boosted existing home sales in March, marking the beginning of an expected spring surge, according to the National Association of Realtors®. Existing home sales, which are completed transactions that include single-family, townhomes, condominiums and [...]
Loan Eligibility After a Pre-Foreclosure
In an effort to support overall market stability and reinforce the importance of borrowers working with their servicers when they have difficulty repaying their debt, Fannie Mae has updated several policies regarding borrowers’ future eligibility to obtain a new mortgage loan after experiencing a pre-foreclosure event, [...]
Government and Lenders Need to be More Aggressive in Helping Beleaguered Homeowners!
Here is an article I recently saw in the Los Angeles Times, that I thought was very appropriate for investors looking at buying properties. The investor should aggressively target these homeowners that are either in pre-foreclosure or in the bankruptcy stage. Not to take [...]
Home Sales Up in ‘09 But Prices Still Down
A tax credit for first-time home buyers helped prop up the Lehigh Valley housing market in 2009, marginally increasing sales from their sluggish pace in the previous year. But prices continued to fall as most buyers were interested in low-priced homes and more homes went into foreclosure.
The [...]
Feds Subpoena FHA Lenders with High Foreclosure Rates
I recently read an article that indicates that the Feds are going after mortgage companies with questionably high rates of foreclosures on homes they finance. This week, U.S. Department of Housing and Urban Development (HUD) Inspector General Kenneth M. Donohue and Federal Housing Administration (FHA) Commissioner David H. [...]
Changes in the Foreclosure Market
Last week I saw an interesting article by Rick Sharga, Senior Vice President of RealtyTrac, Inc as he tries to predict the future.
As we enter a new year — and begin a new decade — it’s a good time to take a look ahead and try to answer some of the [...]
Sick of Renting? Buy a Foreclosure
In today’s flagging housing market it’s easy to envy renters — they don’t have to worry about paying for home repairs, home owners’ association dues, or property taxes. On the other hand, they do have to worry about throwing their money away month after month, while they’re not building equity. [...]
More Fiddling As Foreclosure Crisis Rages On
The good news is the Obama Administration appears to be finally conceding that its efforts to staunch the foreclosure crisis are not working as planned.
It doesn’t take a rocket scientist – or a Nobel winner, for that matter – to figure that one out, with foreclosures set to [...]
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