REO Sales – Fannie Takes Bigger Grip Over them. Fannie Mae announced that it will no longer be using third-party management vendors and sales teams to help manage its REO properties. The mortgage giant will now be handling the management of its REO inventories through its in-house staff. “We have reduced our REO inventory from 162,489 …
Tag: Real Estate
Sep 19
Foreclosures Continue to Fall From Last Year’s Levels
Foreclosures Continue to Fall From Last Year’s Levels Foreclosures are down 13 percent from a year ago when they had reached a 17-month high, RealtyTrac reports. Foreclosures include default notices or scheduled foreclosure auctions. Many experts had been predicting a foreclosure wave to occur this summer with foreclosures reaching elevated levels. But the “wave” has …
Sep 18
9 Springton Lake Road, Media PA 19063 home for sale Delaware County
9 Springton Lake Road, Media PA 19063 home for sale Delaware County. Price: $489,900 Est. payment: $2,195/mo Bedrooms: 4 1 day on Trulia Bathrooms: 2 full, 1 partial Property type: Single-Family Home Size: 2,266 sqft Lot: 1.22 acres Price/sqft: $216/sqft Year built: Ask agent MLS/ID: 6110608 Zip: 19063 Single Family/Detached, Colonial home for sale 9 …
Sep 18
Strategic Defaulters targeted by ‘Mortgage Cops’
Strategic Defaulters targeted by ‘Mortgage Cops’. The Office of the Inspector General at the Federal Housing Finance Agency is trying to find strategic defaulters and collect on what they still owe. Strategic defaulters are often underwater home owners who walk away from their mortgages even though they still have the means to pay. Experian has …
Sep 17
414 Warren Boulevard, Broomall PA 19008 Home for sale
414 Warren Boulevard, Broomall PA 19008 Home for sale. Price: $269,500 Est. payment: $1,207/mo Bedrooms: 3 3 days on Trulia Bathrooms: 1 full, 1 partial 4 views Property type: Single-Family Home Size: 1,520 sqft Lot: 10,018 sqft Price/sqft: $177/sqft Year built: 1957 MLS/ID: 6110112 Zip: 19008 Detached,Split/Multilevel, Colonial home for sale at 414 Warren Boulevard, …
Sep 17
Fed Moves to Keep Mortgage Rates Low
Fed Moves to Keep Rates Low. The Federal Reserve announced Thursday that, in an effort to re-ignite economic recovery, it was taking aim at mortgage rates — a move that will likely take rates even lower from their current record lows. The Federal Reserve announced it will purchase $40 billion of mortgage-backed securities that will …
Sep 14
21 Soldier Song Lane, Media PA 19063 Home for sale.
21 Soldier Song Lane, Media PA 19063 Home for sale. Price: $309,900 Est. payment: $1,388/mo Bedrooms: 4 1 day on Trulia Bathrooms: 3 Property type: Single-Family Home Size: Ask agent Lot: 0.46 acres Price/sqft: Ask agent Year built: 1950 MLS/ID: 6108864 Zip: 19063 Detached, Cape Cod home for sale at 21 Soldier Song Lane, Media …
Sep 14
268 Avon Road, Springfield PA 19064 home for sale
268 Avon Road, Springfield PA 19064 home for sale. Price: $274,900 Est. payment: $1,231/mo Bedrooms: 3 3 days on Trulia Bathrooms: 1 full, 1 partial 100 views Property type: Single-Family Home Size: 1,629 sqft Lot: 4,791 sqft Price/sqft: $169/sqft Year built: Ask agent MLS/ID: 6107688 Zip: 19064 Single Family/Detached, Colonial home for sale at 268 …
Sep 13
Undeveloped Land in High Demand
Undeveloped Land in High Demand. Investors have a new target in real estate: undeveloped land. They’re snatching up undeveloped land heavily discounted in bankruptcy proceedings from developers and banks that foreclosed on the builders once they ran out of money for their projects, Reuters reports. The investors then resell the land for up to 20 …
Sep 13
Back-to-School Mentality Drives Housing for Fall
Back-to-School Mentality Drives Housing for Fall. Forty percent of real estate agents and brokers say the end of vacation season will likely bring a refocus on real estate and a primary driver behind fall home sales, according to a recent survey. ERA Real Estate has dubbed it the “ back-to-school mentality” for the real estate …
Sep 12
118 Bortondale Road, Media PA 19063 Home for sale
118 Bortondale Road, Media PA 19063 Home for sale. Price: $229,900 Est. payment: $1,030/mo Bedrooms: 6 2 days on Trulia Bathrooms: 3 Property type: Single-Family Home Size: 2,880 sqft Lot: 0.62 acres Price/sqft: $80/sqft Year built: 1910 MLS/ID: 6107594 Zip: 19063 2-Story,Detached, Colonial – home for sale at 118 Bortondale Road, Media PA 19063 Property …
Sep 12
Home prices have Progressed, But Have they Recovered?
Home prices have Progressed, But Have they Recovered? Home prices have posted some of their strongest gains this year in nearly six years. But while prices have likely hit bottom, the public shouldn’t confuse that with a full recovery. A lot more still has to happen to get to that point, analysts say. For one, …
