According to the Charlotte Business Journal, Charlotte-area home prices drop 3.4% and existing US home sales jump 10%. The following are two excerpts from articles about each of these subjects: Charlotte-area home prices drop 3.4% “Homes prices in the Charlotte market fell 3.4 percent in August from a year earlier, ...
Bank of America and GMAC are firing up their formidable foreclosure machines again today, after a brief pause. But hard-pressed homeowners like Lydia Sweetland are asking why lenders often balk at a less disruptive solution: short sales, which allow owners to sell deeply devalued homes for less than what remains ...
Foreclosed homes reached a record total of 102,134 in September according to Melly Alazraki in her article, “More Than 100,000 Homes Repossessed in September,” for DailyFinance.com. This data is from RealtyTrac, a real estate data company. Compared to the third quarter, foreclosure filings have increased 4%. The number of foreclosed ...
Earlier today, Yahoo.com published an article regarding the 10 Greatest Cities for Young Adults and Charlotte, NC was included! Feel free to read the excerpt below: “Free from ties to kids or a mortgage, young adults can settle virtually anywhere they choose. So which place is best for you when ...
LPS Data Shows GSE Foreclosure Starts Are Accelerating Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace. According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated ...
The New York Times just published a surprising article regrading Mortgages. Read the article below for more information: “LOS ALTOS, Calif. — No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars. The housing bust that began among the working class ...
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