Pursuing a short sale is often thought of as a painstaking process, and it’s not uncommon to hear of complaints about slow responses from servicers and last minute rejections on offers. Fortunately, not all lenders/servicers are the same when it comes to dealing with short sales, and Realty Trac compiled a list of data revealing which institutions tend to move through the process quicker and for less.
Category Archives: Finances
Top 10 Markets to Invest In
Realtor.com’s latest top 10 investment markets report shows metros just off the beaten path leading the way.
Built from Realtor.com data updated through February 2012, the report put Tucson, Ariz.; Austin, Texas; and Kansas City, Mo., as the top current real estate markets to invest in.
The top 10 list was built by analyzing the housing inventories, price trends and unemployment rates from the Bureau of Labor Statistics for 146 markets Realtor.com tracks.
President Obama Outlines a New Housing Plan
In his State of the Union address President Obama announced an initiative designed to help responsible homeowners hold onto their homes — and in turn help the housing market recover. In a later speech he delivered to unveil the administration’s new plan, he called the housing market’s struggles “the single biggest drag on our recovery from a terrible recession…But it is wrong for anybody to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom.”