Sean O’Toole from ForeclosureRadar.com just released this new information about foreclosures in the key distressed property states. Bottom line: Banks are canceling..further delaying foreclosures. Don’t be confused and assume there is any sort of DECREASE in the number of homes that will become short sales and REOs. The banks are doing this because they can’t…
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.62 percent, down from 4.72 percent at this same time last week. After peaking at 4.77 percent late on Wednesday, the 30-year fixed mortgage rate hovered near 4.7 percent for the majority of the…
WASHINGTON, DC: A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the National Association of Realtors©, would impose a deadline of…