Category Archives: Real Estate Trends

Mortgage Rates Fall to New Record Lows… Again

Mortgage Rates Fall to New Record Lows … Again 09/08/2011 By: Carrie Bay Industry data released Thursday show borrowing costs for home loans falling to new lows, slipping further from what was already reported as the lowest level for mortgage interest rates in more than a half-century. Economists attribute the continuing declines to ongoing employment concerns and economic uncertainty. Freddie

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Home Affordable Foreclosure Alternatives Program

There is big news for homeowners in America. In an effort to slow the rising number of foreclosures, a government-backed program has been released: the Home Affordable Foreclosure Alternatives Program (HAFA). Basically, the program aims to save as many Americans from foreclosure as possible, which also saves the overall value of the surrounding communities. HAFA offers a $3,000 homeowner incentive

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PNC Bank has come back on a short sale. They hold the 2nd trust for my client. On this particular sale, the 1st trust will be paid in full. This is the first time that I have been involved in a short sale where a note actually gets paid in full. PNC’s note is for $195K. I have a contract

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Foreclosures are Down as Mortgage Delinquencies Rise

There is so much conflicting information about the housing market these days. We’ve been hearing for months now that foreclosures are starting to level off, and the housing market is stabilizing. Then information such as in this article from DSNews comes out: The article states that delinquncies are up. It also tells us that homes in foreclosure are down.

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