Tweet Courtesy of The Palm Beach Post, comes some fresh news for Florida, offering up to $20,000 to short sale vs. foreclosure. The limited time offer has received little promotion from the Charlotte, N.C.-based bank, which sent emails to select Florida Realtors earlier this week outlining basic details of the plan. Only homeowners whose short [...]
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Posted in Market News
Tagged bank of america, BofA, florida, foreclosure, reo, short sale, short sales
Tagged bank of america, BofA, florida, foreclosure, reo, short sale, short sales
Tweet Short post – a quick chart that shows year-over-year changes for different markets. The crux of the chart is that short sales are increasing as a % of transactions ongoing, further proof we are in the “Year of the Short Sale” Information courtesy DataQuick
Tweet Housing Wire author Cary Steinberg recently wrote an interesting piece on about HAFA and HAMP. The premise of the article is that HAFA (the Home Affordable Foreclosure Alternative) will likely be successful because it is an exit strategy for homeowners, allowing them to sell their house for less than they owe – as opposed [...]
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Posted in Market News
Tagged analysis, foreclosure, HAFA, HAMP, harp, news, reo, short sale, short sales
Tagged analysis, foreclosure, HAFA, HAMP, harp, news, reo, short sale, short sales
Tweet Came across this article in the Herald-Tribune on short sales yesterday afternoon discussing short sales in Florida as being preferred to bank seizures. If you have been an active reader of The Art of Short Sales, there is nothing really groundbreaking in that statement! Regardless, it continue to shows how short sales play an [...]
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Posted in Market News
Tagged analysis, bank, florida, news, realtrac, reo, short sale, short sales
Tagged analysis, bank, florida, news, realtrac, reo, short sale, short sales
Tweet Interesting read at CNBC last Friday about banks moving to short sales by Dianna Olick. Earlier this week a top executive at Bank of America told an REO conference in Dallas that the lender would be focusing more on short sales than ever before. At first hearing this, I assumed it was because of [...]
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Posted in Uncategorized
Tagged bank of america, foreclosure, HAFA, HAMP, preforeclosure, reo, short sale, short sales
Tagged bank of america, foreclosure, HAFA, HAMP, preforeclosure, reo, short sale, short sales
