|
Raleigh has weathered the housing storm better than many parts of the country, but we are not out of the woods just yet. I am encouraged seeing areas that I serve improve as bank owned properties continue to sell. I even bragged about some of the bargains in outlying areas writing What is urban sprawl worth [...] Bank of America Recent Stock Performance Foreclosure and mortgage troubles are becoming a fact of life for more homeowners in Raleigh than I had expected when this mess started. Bank of America, one of the largest mortgage lenders in the Raleigh area, has reported 15% increase in nonperforming loans, leases and foreclosed properties in 2nd [...] According to a recent report from S.M.A. Publications of Cary, many Wake County home sellers who purchased their homes in the last 3 years are selling for less than they actually paid for the home. Declining house prices continue to eat away at home equity. Re-sale sellers within the past 13 months who previously purchased in 2007, [...] You refinanced your house and took our a bunch of cash then you suffered a foreclosure. Do you have any tax liabilities? You might! [...] It’s always darkest before the dawn and my impression is that right now it’s pretty dark. What does this mean to home buyers and sellers in Raleigh? [...] RealtyTrac ranks states’ foreclosure rates by home many foreclosures there are per household. So where do Raleigh, Cary and Durham rank? [...] We’ll see if that holds true for Raleigh. According to a report from the New York Times that I read today, the government will start paying banks and sellers to utilize the short sale process to encourage more real estate sales activity. “We want to streamline and standardize the short sale process to make it much easier on the [...] This is probably the craziest thing I have ever read: Lawyers for owners of a mortgage-free Florida home that Bank of America attempted to foreclose on are bringing an arsenal of legal claims against the banking giant, ranging from obvious claims like conversion and trespass to more unexpected ones like defamation and libel. This does not pertain to [...] |
|
|
Copyright © 2012 Raleigh Real Estate News - All Rights Reserved |
|
Stalk Jason