Chicago Foreclosure Listings Swamped by Failed (Buying foreclosed homes) Short Sales
Tuesday, September 29th, 2009
Homeowners who pinned their hopes on short sales to avoid foreclosure are finding themselves facing Chicago foreclosure listings due to delays in the procedures. Short sales involve the troubled homeowners’ selling of their distressed properties for less than the amount of the total mortgage they owed. Lenders played a great role …
Source: www.foreclosurelistingsnationwide.com
Real Estate Slump Isn’t Over, Exec Says
Real Estate Slump Isn’t Over, Exec Says September 18, 2009, San Diego Union-Tribune Federal Reserve Chairman Ben Bernanke may think the recession is over, but the head of the nation’s largest real estate services firm says the slump has two or…(read more)
Source: feeds.foreclosurepulse.com