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Posts in category Loan Modification

Real Estate Notebook: Short sales decline as prices rise

Real Estate Notebook: Short sales decline as prices rise

Short sales once flooded the South Florida housing market, but no more. Palm Beach County had only 50 single-family homes sell for less than the mortgage amount in July, down from 83 a year ago, the Realtors Association of the Palm Beaches said. Broward County had 108 short sales, a 22 percent drop from July […]

Short sales getting scarcer in Broward, Palm Beach

Short sales getting scarcer in Broward, Palm Beach

July short sales fell 22% in Broward and 40% in Palm Beach. The previous deluge of short sales has diminished to a trickle in South Florida’s residential real estate market. The Realtors Association of the Palm Beaches reported 50 sales of single-family homes for less than the mortgage amount in July, down from 83 a year earlier, […]

Existing Home Sales Are On Fire

Existing Home Sales Are On Fire

© Economic Populist 2008-2015Privacy Policy Article source: Google Short Sales RSS

Top 3 Cities for Cash Home Sales All in Florida

Top 3 Cities for Cash Home Sales All in Florida

By Paul Ausick August 18, 2015 9:58 am EDT In May of 2015, cash sales comprised 31.9% of all home sales, down from 35.1% in May of 2014, marking the 29th consecutive year-over-year monthly decline. Cash sales fell by 1.9 percentage points compared with cash sales of in April. Cash home sales reached a peak […]

Little wiggle room for Orlando home buyers in July

Little wiggle room for Orlando home buyers in July

Home buyers in the core Orlando market had little room to negotiate prices during July, a period of increasing prices and shrinking home listings, a new report shows. lRelated BusinessOrlando sets record for home salesSee all related The typically robust peak of the summer selling season was marked by July median sales prices of $183,875, […]

Virginia woman gets five years in prison for short sale scams

Virginia woman gets five years in prison for short sale scams

A Virginia woman will spend the next five years in federal prison after being convicted of 13 counts of mortgage fraud, passing fictitious financial instruments and tax fraud. According to the Department of Justice’s Tax Division, Charise Stone, 46, of Ashburn, Virginia, targeted distressed homeowners who owed more on their mortgage than the market value […]

Virginia woman gets five years in prison for short sale scams

Virginia woman gets five years in prison for short sale scams

A Virginia woman will spend the next five years in federal prison after being convicted of 13 counts of mortgage fraud, passing fictitious financial instruments and tax fraud. According to the Department of Justice’s Tax Division, Charise Stone, 46, of Ashburn, Virginia, targeted distressed homeowners who owed more on their mortgage than the market value […]

UBS Fined $750K Over Misrepresentations Linked to Short Sales

UBS Fined $750K Over Misrepresentations Linked to Short Sales

The Financial Industry Regulatory Authority has censored and fined UBS Financial Services $750,000 for falsely representing to its customers that the interest on their municipal bond payments was tax-exempt when it was taxable. Article source: Google Short Sales RSS

Japanese Stocks Seen Rising After Record Short-Selling on China

Japanese Stocks Seen Rising After Record Short-Selling on China

Japanese stocks may be poised for a rebound as short-selling reached a record high after China devalued the yuan, according to Sanford C. Bernstein Co. The short-selling ratio for shares on the Tokyo Stock Exchange rose to 39.2 percent of total trading value on Wednesday, the highest since the bourse began keeping daily records in […]

CoreLogic: Distressed Sales Hit Lowest Point Since 2007

CoreLogic: Distressed Sales Hit Lowest Point Since 2007

Distressed sales – including real estate owned (REO) properties and short sales – accounted for 9.9% of total home sales nationally in May, a decrease of 1.7% compared to April and down 2.8% from May 2014, according to recent figures from CoreLogic. It was the lowest share since 2007, when distressed sales averaged 5% of […]

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