In several markets, Bank of America is reporting that it has picked up its pace in moving through its inventory of foreclosed homes faster than it has in the past, The Wall Street Journal reports.
Br... Nov 16, 2011 No Comments
The decrease in foreclosure sales has remained low since U.S. banks slowed down the sales over a year ago. Sales of many foreclosed homes were suspended last September. Many financial firms did the sa... Oct 11, 2011 No Comments
Short Sales Lose Appeal Among First-time Buyers
Short sale transactions are becoming less popular among first-time home buyers. Buying a home in a short sale transaction may offer a huge bargain—sa... Sep 27, 2011 No Comments
A review of about 4.5 million foreclosures from 2009 and 2010 from the nation’s banks could take “another year and more,” said a top fed official.
John Walsh, acting head of the federal ... Sep 26, 2011 No Comments