Foreclosure Timelines Reach New Records
Foreclosures are taking longer to complete, with the average time it takes a lender to repossess a home jumping to 477 days in the the first quarter of this year.
Foreclosures are taking longer to complete, with the average time it takes a lender to repossess a home jumping to 477 days in the the first quarter of this year.
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The Federal Housing Finance Agency has announced that the popular refinancing program for underwater home owners has been extended to the end of 2015.
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About 30 percent of more than 3.9 million households whose properties were foreclosed on in 2009 and 2010 nearly lost their homes due to potential bank errors, government regulators said.
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For the second-consecutive week, fixed-rate mortgages edged down, providing ongoing support for the housing recovery.
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Homebuilder stocks have proven hot in recent months, and another company is getting ready to jump in.
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With bidding wars on the rise, interest rates expected to slip, and home sales increasing this spring, how can real estate professionals position themselves to succeed?
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