Have you considered strategically defaulting on your mortgage? According to the article below by DSNews.com, there are many homeowners who are now more seriously considering stopping their mortgage payments. What’s changed their mind? The presidential election. Another reason for the proposed future raise in strategic defaults is the soon-to-expire Mortgage Debt Relief Act of 2007. …
The landscape of homeownership has undergone significant changes in recent years: The homeownership rate has declined, but so has the cost burden of owning a home. Both of these trends are most prevalent among young homeowners, according to a recent report from Fannie Mae. The national homeownership rate has declined in each of the past …
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“Foreclosure home sales dropped significantly in the third quarter of 2012 (3Q 2012). The number of real estate owned property (REO) resales experienced an equally dramatic drop from the first quarter. Notice of default (NOD) filings decreased as well. REO resales are down 23,000 REO resales took place in the 3Q 2012. That is: one-fifth …
2012 is on track to become a record year for short sales, according to a report from foreclosure data aggregator RealtyTrac. Sales of U.S. homes in the foreclosure process, typically short sales, rose 33 percent year over year, to 35,000, in January. A total of 32 states saw annual increases in short sales, and 12 …
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