Fannie and Freddie set limits on short sale flipping

In what appears to be an effort to curb investors from taking advantage of distressed homeowners short selling their homes, Fannie Mae and Freddie Mac announced changes to their servicing requirements for short sales. The most notable change is the addition of a deed restriction which prohibits the buyer of a short sale from selling […]

Headlines in Real Estate for week ending August 3rd 2012

Strong improvement in home prices, break even after 3 years of home ownership and much more. Here are the real estate headlines you may have missed this week: For renters, buying a home pays off after three years on average (via Los Angeles Times) A new analysis by real estate website Zillow shows that, on average, […]

Positives and Negatives in Real Estate

There was some good news and not so good news for the real estate market yesterday which added to the uncertainty in the future of the world economy. The Bad Existing home sales fell by over 12% from a month earlier which was the biggest month over month drop this year. One thing to point […]

Foreclosure – A Safe Place To Know Your Options

In this volatile real estate market we’ve been experiencing for the last few years, we’ve all been affected by it in some way or another. With most of us upside down on our homes, many have fallen on hard times unable to keep up with their monthly mortgage obligations due to the current economic downturn […]