Tag Archive

Short Sales Surpass Foreclosures as Banks Agree to Deals

Published on April 23, 2012 By admin

The following article is brought to you by John Gittelsohn at Bloomberg.Com. The number of U.S. home short sales surpassed foreclosure deals for the first time as banks became more agreeable to selling houses for less than the amount owed on their mortgages, according to Lender Processing Services Inc. (LPS) Short sales accounted for 23.9 […]

Builders Warn Against Home Sales to Banks

Published on September 27, 2011 By admin

The following is brought to you by Mike Colpitts at HousingPredictor.Com. Financial giants like Goldman Sachs, Bank of America, JP Morgan Chase and private hedge funds should be prevented from purchasing the glut of foreclosed homes held by Freddie Mac, Fannie Mae and the FHA, the National Association of Homebuilders warns. Testifying before the Senate […]