Tag Archives: Short Sales

Fannie Mae announced the expansion of the HomePath for Short Sales website. The website serves as a communication tool to help real estate professionals complete short sales and resolve challenges with Fannie Mae.

Homes are selling faster and at higher prices in the metropolitan Chicago real estate market in April, according to a recent analysis of market activity by RE/MAX. However, sales of distressed homes, either through foreclosure or short sales, fell off steeply for the month as the housing market continued to work through the foreclosure process.

HOPE NOW, a private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors, released its February 2014 loan modification data. The group reported that an estimated 42,000 homeowners received permanent modifications in the month, including modifications from proprietary programs and the government's Home Affordable Modification Program (HAMP).

A new report issued by the Warren Group found the number of foreclosure petitions dropped by 48.7 percent in Massachusetts for the month of February. The monthly drop represented 18 consecutive months that petitions have decreased on a year-over-year basis in the Bay State.

Distressed properties have decreased to start off 2014, according to a new report from LoanLove.com. Following an anticipated marked decrease in distressed properties, the report found that U.S. foreclosure filings in February dropped to the lowest level experienced in over seven years.

Consequences stemming from the expiration of the Mortgage Forgiveness Debt Relief Act may be surfacing, according to a perspective piece written by CoreLogic’s Kathryn Dobbyn. The piece found that throughout 2012 and into 2013, short sales had been steadily declining, partly due to rising home prices.