Tag Archive | underwater homes

Not for sale? Not necessarily a problem.

May Buying Advice: Choked by a weak housing inventory, some agents are coaxing homeowners to the market with a different approach. Frustrated with the lack of housing inventory, homebuyers in many markets are taking matters into their own hands by sending letters to homeowners and asking them to sell. In this month’s Buying Advice, we’ll […]

Woulda Shoulda Coulda: Real Estate Regrets to Avoid

Trulia’s latest consumer survey revealed that 52% of people regret something about their current home or the process of choosing it. This season, under the pressure of tight inventory, buyers and renters have to try hard not to make the same mistakes. Spring house-hunting season is upon us. Home searches peak in March and April, […]

Why Do Short Sales Take So Long?

It’s a question many real estate agents hear from clients: Why do short sales take so long? Despite improving real estate markets, short sales and foreclosure sales will be with us for the foreseeable future. Many homeowners are still underwater, and at any time in the coming years, these folks may face a situation, such […]

2 Million Homeowners Freed From Negative Equity in 2012; 1 Million More to Come in 2013

Almost 2 million American homeowners were freed from negative equity in 2012, and the overall percentage of all homeowners with a mortgage in negative equity fell to 27.5 percent at the end of the fourth quarter, according to Zillow’s fourth quarter Negative Equity Report. The falling negative equity rate is good news for struggling homeowners […]

The $26 billion crapshoot

Homeowners hoping the $26 billion foreclosure abuse settlement would mean big savings on their mortgages were mostly disappointed. Even though a million borrowers will have their principals slashed by as much as $100,000 or more, most are not eligible for a workout simply because the bank that issued their mortgages, didn’t hold their mortgages. During the housing boom years […]