In an effort to help banks across the nation reduce REO properties, Conexxus, LLC, headquartered in Birmingham, Alabama and TPI Integrated Solutions, LLC (TIS), based in Louisville, Kentucky, have joined forces.
Read More »Low-Cost Foreclosures Attract Investors
The influx of foreclosed homes on the market is grabbing the attention of investors. According to a homeownership survey released Wednesday by Move.com, the number of consumers interested in investing in real estate has doubled since March 2009.
Read More »Long Island Home Sales Intensify
It's been a case of supply and demand in Long Island, where home prices are falling and sales are increasing.
Read More »Home, Condo Sales on the Rise in Florida
The third quarter of 2009 proved to be positive for home and condo sales in Florida. Compared to this year's second quarter, all of Florida's metropolitan statistical areas (MSAs) reporting increases existing home sales during the third quarter and 17 MSAs showing gains in existing condo sales during the third quarter.
Read More »Fraudulent ‘Mortgage Rescue’ Firm Faces Penalties
They posed as mortgage brokers, claiming they could help distressed homeowners who were behind on their mortgage payments. These scam artists collected fees but never followed through with their promises, and Texas Attorney General Greg Abbott is now taking legal action against them.
Read More »Broker Sentenced to Prison for Mortgage Fraud
The sentencing for a mortgage fraud case in Houston, Texas was announced today by United States Attorney Tim Johnson. At a hearing Monday afternoon, United States District Judge Lynn N. Hughes sentenced Clarence Lewis III to 15 years in federal prison without parole for running a mortgage fraud scheme.
Read More »Agency Sees Effects of Homebuyer Tax Credit
StartingPoint Realty, Inc., a real estate agency in Chicago, Illinois, discovered that the first-time homebuyer tax credit proved to be a motivating factor in their client's decision to purchase a home.
Read More »Trade Group Challenges Critics’ Claims of “Out-of-Town” Appraisers
Appraisers have been pushed into the spotlight lately, particularly with the ongoing debate surrounding the GSEs' Home Valuation Code of Conduct (HVCC) implemented last May.
Read More »Home Purchase Activity at Nine Year Low: MBA
The number of applications filed for home purchases last week was the lowest seen since December 2000, the Mortgage Bankers Association reported Thursday.
Read More »Foreclosure Activity Slows for Third Straight Month: RealtyTrac
Nearly all market indicators point to positive signs that housing conditions are beginning to moderate from the freefalling days of the past few years, and even foreclosure statistics now support that notion. The pace of foreclosures slowed again in October for the third month in a row, RealtyTrac reported Thursday.
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