More offers are coming with a contingency–the buyer wants the house but the seller has to give them more time–30 to 60 days, possibly–to try to sell their own home before they’ll make the deal final, more real estate professionals are reporting.
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Foreclosed homes continue to hamper nearby property values. In some cities, foreclosures were found to decrease nearby property values up to $17,000, according to a new report from the Government Accountability Office.
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In facing large inventories of foreclosures, Bank of America is considering a program that would allow investors to buy a foreclosed home and then rent it back to the former home owner, HousingWire reports.
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Where are rates heading? You may soon get more insight with a new proposal the Federal Reserve is weighing. The Federal Reserve doesn’t traditionally make a point to reveal its predictions for future actions on interest rates widely known to the public–that is, until recently.
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Home owner insurance policies can vary greatly, and if home owners aren’t careful, they may find their claims denied when disaster strikes, according to a study to be published early next year by the University of Chicago Law Review.
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