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House tax bill contains early holiday gifts for homeowners
December is mega-tax-bill time on Capitol Hill, when legislation loaded with gifts and goodies for special-interest constituents moves ahead...
short sales
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Early McDonald’s franchisee sells two 1185 Park units for $17M
Early McDonald’s franchisee Irwin S. Kruger sold two units at 1185 Park Avenue for $17.3 million. Sharon Davis, the...
For thousands of US short-sellers, a big gift
For David Foster of Chicago, it was a stunning and welcome early Christmas present for him, his wife...
Super Bowl hero Plaxico Burress takes $2M hit in short sale
From the South Florida site: Former Super Bowl hero Plaxico Burress took a $2 million loss on the short...
For short-sellers, some good news
Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who...
Despite new guidelines, short-selling buyers’ FICO scores will take a hit
With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short sales by...
Reforms to put more short sales in play
If you’re underwater and facing financial distress, what might Fannie Mae’s and Freddie Mac’s new short sale reform policies mean for you? Potentially a lot — even if you are current on your mortgage...
Banks provide $10.6B of post-settlement relief: VIDEO
The first progress report on the impact of the $25 billion mortgage settlement struck by the nation’s five biggest...
Short sales hit new high as banks set lower prices
Sales of homes in some stage of foreclosure accounted for 26 percent of all nationwide residential sales during the...
Short sales overtake bank-owned deals in U.S.
As lenders increasingly favor the faster and more lucrative short sale process, those deals outnumbered purchases out of foreclosure...