Fixing the housing market is perhaps the most important step toward fixing the economy, so you would think those who want to win the next presidential election would be talking about how housing creates jobs, the ways consumer confidence is tied to home prices, and what the heck they will do to fix the housing market and turn the economy around. READ HERE….IT’S GET’S MORE INTERESTING.
All posts for the month June, 2011
Do you need to wear waders to mow your grass? If seasonal flooding makes your property more lake than lawn, which isn’t doing your foundation any favors, you need some serious drainage. Good news: You can do it yourself — if you’re up for the digging. Read more: http://members.houselogic.com/download/social/#ixzz1Pots0rTo
Daily Real Estate News.The Report examined average listing prices for four-bedroom, two-bathroom homes in more than 2,300 markets in the U.S. and Canada between September 2010 and March 2011. The least expensive U.S. market on the list was Niagara Falls, N.Y. with an average listing price of $60,820. That’s a difference of nearly $2.5 million from the most expensive U.S. market. Georgia accounted for three out of the 10 least expensive markets in the U.S. All three (Riverdale, College Park and Lithonia) are within a 20-mile commute to Atlanta, which has an average listing price of $255,448, the report said.
When financial trouble makes it hard to pay your mortgage, it’s hard to talk to a stranger at the bank about your problems. Taking a quick online quiz to see what loan workout programs can help you stop foreclosure is a less painful and simpler way to dip your toe into the loan modification pool. Read more.
Short sales may be targeted for fraud. Are banks and distressed home sellers getting rooked on a massive scale in the booming short-sale arena — leaving hundreds of millions of dollars on the table for white-collar criminals? A house in Kings Beach, Calif., was purchased near the height of the boom in 2005 for $530,000. On Oct. 28, 2009, it was sold for $247,500 to an investment group in a short sale — an arrangement in which the lender allows the delinquent owner to avoid foreclosure by selling to a third party at a price lower than the loan balance. Later that same day, the investors resold the house to a non-investor purchaser for $375,000. This produced a quick $127,500 profit — a 52% gain for the investment group in a matter of hours. How do investors manage to turn such quick profits?Click the link to find out.