December 8, 2011 (Jeff Alan) Wells Fargo has committed to donating up to $1.2 million in real estate owned (REO) properties and $600,000 to repair those properties to the non-profit organization Rebuilding Together to help revitalize neighborhoods hit hard by the economic downturn and the housing crisis. […]
August 17, 2011 (Jeff Alan) The Department of Housing and Urban Development (HUD) has announced an “unprecedented” pilot program that provides housing assistance to families affected by the catastrophic tornadoes in Joplin, MO, and central Alabama. […]
May 11, 2011 (Jeff Alan) CoreLogic reports that year-over-year home prices have dropped for the 8th consecutive month according to data released in its March Home Price Index (HPI). National home prices, including distressed home sales, declined by 7.5 percent in March compared to March 2010, which follows a 5.8* percent decline in February. Read [...]
April 8, 2011 (Jeff Alan) CoreLogic released its February Home Price Index (HPI) which shows U.S. home prices declining for the seventh month in a row in year over year comparisons. Prices in February 2011 were 6.7 percent lower than February 2010 with most of the pricing declines coming as a result of distressed transactions. [...]
January 17, 2011 (Chris Moore) Recent news reports have showcased the increasing occurrences of homeowners who “walk away” from their homes. Also know as “strategic defaults,” most of these homeowners are not behind on their payments or are financially distressed, but instead walk away from their homes because they owe far more on their home [...]
November 28, 2010 (Chris Moore) In a report issued by Moody’s Analytics, home prices nationally are expected to continue to decline through the first half of 2011 but the severity of the declines will most likely be dictated by the amount of real estate owned (REO) properties in the affected local market. Read more...
