According to a recent report from RealtyTrac (a foreclosure listing firm), foreclosure rates are at their lowest since 2007. “Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million”.  In 2011, 1.9 million homes were filed for foreclosure last year which is a good improvement from 2010 (down [...]

If you’ve been thinking about doing a short sale on your home, you now have more motivation to get the ball rolling.  On December 31st, 2012 the Mortgage Forgiveness and Debt Relief Act is scheduled to expire. Congress passed the act in 2007 for the purpose of helping distressed home owners.  Before the act was [...]

Get Help With Your Bank Here is a resource that agents can use to find help for troubled short sale cases: HelpWithMyBank.gov is administered by the U.S. Department of the Treasury Office of the Comptroller of the Currency (my hands cramped just writing that!) … even if you can’t remember the name of who’s administering [...]

Almost one-fifth of American homeowners are experiencing a dilemma on their mortgage payments. Those wretched property owners owed more on their property than its present assessment value. This is a challenge to consumers who want to refinance their home or they want to move in to a less costly living situation. Sunken homeowners may be [...]