Recent Posts in Housing Market Category
Posted on Sep 12, 2011 By Jacoby & Jacoby
Many Americans are aware that banks have been less than fair in their handling of foreclosures . They foreclosed when they could have modified. They filed false court documents. Though there were ...
Continue reading "Will the big banks ever be held accountable?" »
Posted on Sep 5, 2011 By Jacoby & Jacoby
Sheila Bair, former chairwoman of the Federal Deposit Insurance Corporation (FDIC) revealed some interesting information and opinions during her exit interview with The New York Times. Bair called ...
Continue reading "Banks Rushing to Foreclosure 99% of the Time" »
Posted on Sep 1, 2011 By Jacoby & Jacoby
Although home sales are currently on the rise in the Las Vegas area, this is mostly due to distressed sales, whether bank-owned properties or short sales . Considering the high number of delinquent ...
Continue reading "Home sales are strong in Las Vegas - but why?" »
Posted on Aug 28, 2011 By Jacoby & Jacoby
It is estimated that one in five American homeowners is subject to homeowners' associations. Homeowners' associations levy dues, which may range anywhere from $200 to $500 per month, to cover ...
Continue reading "Homeowners' Associations Taking Active Roles in Foreclosures" »
Posted on Aug 4, 2011 By Jacoby & Jacoby
Due to the backlog of foreclosure cases throughout the U.S., it appears that homeowners may be experiencing some unexpected relief. Nationwide, new foreclosure cases and repossessions are down by ...
Continue reading "Foreclosure Backlog May Provide Unexpected Relief to Homeowners" »
Posted on Aug 1, 2011 By Jacoby & Jacoby
With millions of property owners throughout the U.S. defaulting on their mortgages and facing foreclosure , two leading lenders are helping borrowers who are not even in default by easing the terms of ...
Continue reading "Easing terms on at-risk loans - are the big banks finally listening?" »
Posted on Jul 21, 2011 By Jacoby & Jacoby
It has become increasingly evident that a borrower's FICO score is one of the most important issues to be considered by financial institutions that underwrite mortgages. One's FICO score, or ...
Continue reading "Credit Scores and Mortgage Loans" »
Posted on Jul 8, 2011 By Jacoby & Jacoby
If you are having trouble keeping up with your mortgage payments, whether due to job loss, an adjustable rate mortgage or other issue, you may be offered a reinstatement plan by the bank. Should you ...
Continue reading "Deciding Whether to Accept a Lender's Offer" »
Posted on Jun 27, 2011 By Jacoby & Jacoby
According to a recent study by the Center for Responsible Lending (CRL), it has been found that banks and other loan servicers often foreclose even though investors have more to gain from loan ...
Continue reading "Loan Modifications Prove More Profitable to Investors than Foreclosure" »
Posted on Jun 20, 2011 By Jacoby & Jacoby
In New Jersey, a class action lawsuit was recently filed against CitiMortgage on behalf of homeowners in the state who were denied mortgage loan modifications . The lawsuit alleged that the lender ...
Continue reading "Class Action Lawsuit Filed Over Loan Modification Denials" »
Posted on May 18, 2011 By Jacoby & Jacoby
Home prices fell in February for the eight month in a row, nearly reaching the lowest point during the recession. The 10-city and 20-city indexes by S&P/Case-Shiller both fell 1.1% (not adjusted ...
Continue reading "February Home Prices Nearly Reach Recession Low" »
Posted on May 15, 2011 By Jacoby & Jacoby
RealtyTrac has reported that 239,795 properties received some type of foreclosure filing in March of 2011, signifying a 7% increase over the previous month. Though foreclosure filings were up from ...
Continue reading "U.S. Foreclosure Filings up 7%" »
Posted on May 12, 2011 By Jacoby & Jacoby
According to the Case-Shiller index, residential property values in 20 U.S. cities fell 3.3% from February 2010-2011. This signifies the biggest year-over-year decline since November 2009, landing ...
Continue reading "Residential Real Estate Prices in 20 U.S. Cities Experience Biggest Drop Since 2009" »
Posted on May 9, 2011 By Jacoby & Jacoby
According to the Greater Las Vegas Association of Realtors and Clark County property records, at least 25 houses in the Las Vegas area changed hands for more than $3 million in the last 15 months ...
Continue reading "Las Vegas Mansion Foreclosures on the Rise" »
Posted on Apr 4, 2011 By Jacoby & Jacoby
According to a March 21 st report by the National Association of Realtors, a record 33% of existing-home sales were made to cash buyers in February of 2011. In October of 2008 when the company started ...
Continue reading "Investors are Picking the Bones of the U.S. Housing Market" »
Posted on Apr 4, 2011 By Jacoby & Jacoby
According to a recent article by Shawn Tully on CNNMoney.com, it looks like it may be time to buy again. After four years of plunging home prices, foreclosure and delinquencies, the real estate market ...
Continue reading "Is it Time to Buy Again? The Real Estate Market Improves" »