Foreclosure News Articles

Seven Units in Foreclosure in Tampa are Will Get a Facelift

May 7, 2010 · Leave a Comment

Seven units in foreclosure in Tampa are will get a facelift after a promise was made by David Foster to the government that if they granted him dollar from non-profit public funds he would undertake development of seven estates and convert them into affordable homes. The location is one of the poorest in Tampa area. Five of the estates have been lying derelict. All the seven have landed up in foreclosure. Considering the background it is difficult to understand why Foster (Central City Community Development Corporation) would get funds from the public kitty to develop the area. But Reps.... [Read the full story]

Foreclosure Web News

Late mortgage payments drop for first time since ‘06

May 10, 2010 · Leave a Comment

The rate of late mortgage payments dropped in the first quarter for the first time since 2006, according to credit reporting agency TransUnion. Read the full story Read More →

Latest Mortgage Headlines

How Did The Employment Report Affect Mortgage Rates?

May 7, 2010 · Leave a Comment

Posted To: Mortgage Rate WatchOver the past month, investor concerns surrounding a fiscal funding shortage in Greece were generally left unaddressed by European leaders. While policy makers abroad openly discussed a solution to growing fears that Greece would default on its debt, they never implemented a clear solution to calm the anxieties of the global marketplace. After dealing with countless days of unofficial rumors, traders ran out of patience and decided to take matters into its own hands to force political leaders to come up with a meaningful resolution. This frustration manifested itself... [Read the full story]

Mortgage Web News

NMHC Quarterly Survey: Apartment Market Conditions Tighten

May 7, 2010 · Leave a Comment

From the National Multi Housing Council (NMHC): Apartment Industry Shows Widespread Improvement According to NMHC Quarterly Survey of Market Conditions The Market Tightness Index, which measures changes in occupancy rates and/or rents, rose sharply from 38 to 81. This was the highest figure in nearly four years. Fully 64 percent of respondents said markets were tighter (meaning lower vacancies and/or higher rents). Only two percent reported looser markets. This is the sixth straight increase for this measure. … “We saw a sharp increase in the Market Tightness Index, which fits with the... [Read the full story]

Latest Property News

Tight Credit Stymies Homeowners with Best Intentions to Build Green

May 10, 2010 · Leave a Comment

RISMEDIA, May 10, 2010a ‘ a ‘Well-qualified borrowers with sterling credit, Eva and Daryl Lehman didn’t expect to have a problem getting a mortgage when they set out to build their dream home in Wisconsin’s Sheboygan County. Read the full story Read More →

Overseas Property News

Lack of political clarity will put UK property market recovery on hold, experts believe

May 10, 2010 · Leave a Comment

The approach taken by whoever forms the next UK government to public sector debt and spending cuts will have the most impact on the real estate market, according to experts. Read the full story Read More →