Transactional Funding For 30-90 Days
Friday, April 26
The world for short sale and some REO investors has been changing, with banks more frequently requiring holding periods before the property can be resold. Most of the bank holding period requirements we are seeing are for 30 days, but in certain situations banks are requiring up to a 90 day hold...
Transactional Funding and Short Sale Hold Requirements
Friday, February 01
FNMA and Freddie Mac have opted to impose a holding period requirement for short sale purchases, which further inhibits investors from purchasing for quick resale. The holding period is broken down into two categories: 1) The first allows transfer of the property after thirty (30) days only if ...
Colorado Short Sale Flips - Holding Period Required
Saturday, March 31
The rules have changed for real estate investors wishing to flip short sales in Colorado. There is now a material difference for those flipping short sale properties regarding disclosure requirements to all parties; or as an option, a required holding period for the investor. The Colorado Legi...
One Foreclosed Home Every 90 Seconds
Tuesday, June 22
For the first quarter of 2010 FNMA and Freddie Mac took possession of a foreclosed home every 90 seconds and held inventory of foreclosed properties of 163,828 homes. Costs to taxpayers so far totals $146 Billion and is estimated by the Office of Budget Management to reach as high as $389 Billio...
Housing Recovery? One Expert Says No
Thursday, May 13
Dean Baker called the housing bubble when he published published “The Run-up in Home Prices: Is It Real or Is It Another Bubble?” in 2002. In the attached article and video he predicts that the end of government support programs will reduce the number of buyers for the balance of 2010. This is...
11.3 Million (25%) of all Mortgages are Underwater
Wednesday, February 24
Cnn.Money.com and several others are reporting that according to FirstAmerican CoreLogic more than 11.3 million homeowners, almost 25% of all U.S. mortgages, owe more on their mortgage than their home is now worth. That is up from 23% and 10.7 million borrowers from three months earlier. An equ...