Homeowners who have struggled to pay their mortgages throughout this lengthy recession are angry that Bank of America’s offer to reduce mortgage principal is only being offered to delinquent borrowers.
The City of Sunrise Florida is offering a $2,000 Homebuyer Incentive Program for those buying a foreclosure or short sale as their primary residence.
In a move to stabilize the real estate market, the regulator of Fannie Mae and Freddie Mac have announced their first bulk rental real estate auction.
Federal regulators are planning a Fannie Mae Bulk Real Estate Sale specifically to real estate investors looking for rental properties. How will this effect the market?
REO stands for Real Estate Owned by lenders and mortgage insurance companies after a foreclosure. These properties can be very profitable for investors. There are even programs where homeowners can obtain an REO at below market value.
Residential Real Estate is hitting lows not seen for decades. Yet, many homeowners need to sell. So the question becomes “When to Sell”. Should You Sell Your Property Now? The answer is yes!