Archive for December, 2009
This week in Housing….
This week in Housing….
Last week presented us with divergent housing news. First, November Existing Home Sales came in UP 7.4%, at an annual rate of 6.54 million. This was way ahead of estimates and a 44.1% sales jump over a year ago. We had increases in all regions of the country, all […]
My property was misrepresented by the bank. Now what?
My property was misrepresented by the bank. Now what?
Question:
Seller is a bank. Transaction is in escrow, with the financing contingency deadline fast approaching–buyer’s inspection is done and settled. Seller agreed to take care of septic according to County requirements. Buyer just received the completed O&M. It states, “Meets requirements for system evaluation and permit compliance” […]
Commercial Outlook for 2010.
Commercial Outlook for 2010:
While there has been some progress over the past couple months that lenders say they are looking for commercial deals, that has not yet translated into more transactions… but is a good sign of things to come. There is still a gap between buyers and sellers, as far […]
Treasury sets guidance to simplify “short sales”
Treasury sets guidance to simplify “short sales”
By Al Yoon Al Yoon – Mon Nov 30, 6:58 pm ET
NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed “short sales” of homes and other loan modification alternatives to stem a rising tide of foreclosures.
The Home Affordable […]