HUD is Here to Help!

The Department of Housing and Urban Development (HUD) is a government entity that helps both cities and individual homeowners across the country. HUD can help you buy a home, but it’s a little known fact that HUD can also help you improve your home. Buying a home can be a difficult process, but what if …

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Will Strategic Defaults Increase?

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. …

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Foreclosures experience a drop

“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 …

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2012 could be record year for short sales

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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