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Recent Posts in Real Estate Category

Banks Rushing to Foreclosure 99% of the Time

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" »

Home sales are strong in Las Vegas - but why?

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?" »

Credit Scores and Mortgage Loans

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" »

Deciding Whether to Accept a Lender's Offer

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" »

February Home Prices Nearly Reach Recession Low

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" »

U.S. Foreclosure Filings up 7%

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%" »

Residential Real Estate Prices in 20 U.S. Cities Experience Biggest Drop Since 2009

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" »

Las Vegas Mansion Foreclosures on the Rise

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" »

Is it Time to Buy Again? The Real Estate Market Improves

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" »
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