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Fannie, Freddie Gift a Foreclosure Free Holiday
Fannie Mae and Freddie Mac announced they plan to suspend evictions with foreclosure on single-family properties nationwide during the holidays, from Dec. 17, 2014 through Jan. 2, 2015. Legal and administrative proceedings for evictions may continue, as well as pre-foreclosure … Continue reading
FHFA Allows Ex- Home Owners to Buy Back Homes
The Federal Housing Finance Agency announced a new policy that will permit some foreclosed home owners to purchase the homes back that they once had lost at fair market value. To regain ownership, the ex- home owners must be able … Continue reading
Posted in Real Estate
Tagged Fannie Mae, flatfee.com, foreclosure, Freddie Mac, home owners, reo properties
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Where Are The “Boomerang Buyers” ?
Only a small number of Americans who went through a foreclosure or short sale during the economic downturn have bought homes again, according to a study by Experian. Where are the “Boomerang Buyers” ? Many of these sidelined buyers were … Continue reading
Foreclose On Everything Says Detroit
Detroit is aiming to further eliminate neighborhood blight and recover lost revenue from home owners who are delinquent on their mortgages. Wayne County is taking on an unprecedented effort to take possession of every property that is three or more … Continue reading
Posted in Real Estate
Tagged detroit, flatfee.com, foreclose, foreclosure, foreclosures, mls list your home
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Is The Foreclosure Dip Temporary?
In May, there were 47,000 completed foreclosures nationwide, down 9.4 percent year-over-year, according to CoreLogic’s May National Foreclosure Report. Every state posted double-digit year-over-year declines in completed foreclosures, but some housing analysts say the foreclosure drop could be temporary. “There … Continue reading