Posts Tagged "real estate brochure boxes for sale"

NY Times: Foreclosure to Home Free, as 5-Year Clock Expires

Posted by on Apr 1, 2015 in Blog | 0 comments

There are tens of thousands of homeowners who have missed more than five years of mortgage payments, many of them clustered in states likeFlorida, New Jersey and New York, where lenders must get judges to sign off on foreclosures. However, in a growing number of foreclosure cases filed when home prices  collapsed during the financial crisis, lenders may never be able to seize the homes because the state statutes of limitations have been exceeded, according to interviews with housing lawyers and a review of state and federal court decisions. “No one gets a free house,” Judge Michael...

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CNBC: Mortgage applications surge on spring demand

Posted by on Apr 1, 2015 in Blog | 0 comments

Despite volatility in interest rates, mortgage applications moved decidedly higher last week, continuing their strong stride into spring. Total volume increased 4.6 percent sequentially, on a seasonally adjusted basis for the week ending March 27th, according to the Mortgage Bankers Association (MBA). “This week’s mortgage application survey falls right into line with recent indications that home sales – new, existing and pending – are on the rise, as is consumer sentiment,” said Lynn Fisher, MBA’s Vice President of research and economics.” Source:...

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