· Despite rising home prices, 13 million borrowers, or 25.4 percent of all homeowners with a mortgage, still owe more on their mortgages than their homes.
Home prices have been rising rapidly in recent months. But it’s way too early to break out the champagne. More than 10.4 million homes – or over 20 percent of mortgages – are still underwater, and.
Straw Buyer Schemes Lead to $34 Million in Fraud Indictments L & D Financial Group Review – Cedar Hill, Texas – Ripoff. – · The charged racketeering activity all stems from an extensive mortgage fraud scheme based in San Diego, California, that involved 220 properties with a total sales price of more than $100 million dollars.The lead defendants charged with running the corrupt enterprise are: Darnell Bell, aka D-Bell, Michael Ivy, Stanley Gentry and Billie Bishop.Potential felony charges make servicers pause Nevada foreclosures A defense attorney’s initial goal in a felony case is to get the charge dismissed. But if the D.A. refuses to cooperate, then the next best scenario is to get the felony reduced to a misdemeanor. Having a misdemeanor conviction is much preferable to having a felony. Potential employers don’t look down on it as much.New app aims to “Tinder”-ize the home search process A woman came across a man on dating app Tinder. this process, however, can request somebody FaceTime call or Skype with them to verify their identity before meeting up in person. Alternatively,
However, even with average national home values back above their pre-crisis highs, CoreLogic’s most recently quarterly survey of national homeowner equity found that there are still 2.2 million homes underwater in the US – a sign of just how bad the last bubble was, and a warning for where we might be headed.
Underwater properties dipped by 1 percent from the fourth quarter and 11 percent year-over-year to 2.2 million homes or 4.1 percent of all mortgaged homes. The aggregate value of that negative..
But Negative Equity is a Paper Loss for Most, As 90% of Underwater Homeowners Pay Mortgage on Time Nearly one-third (31.4 percent) of U.S. homeowners with mortgages – or 15.7 million – were underwater on their mortgage in the first quarter of 2012, despite rising home values, according to the first quarter Zillow Negative Equity Report.
· Photo: Fuzzy Images/Flickr Rising national home prices helped many homeowners gain equity in their homes in the fourth quarter of 2016. However, despite all 50 states recording a decrease in negative equity, many homeowners with negative equity are still deep underwater.
· The weather has been wet & wild for a while with a record number of cities seeing record levels of flooding and now Zillow and Climate Change Scientists have teamed up to that about 2 million.
· Still, despite the progress made as the negative equity rate falls, 4.4 million homeowners remain underwater, and about 713,000 of them owe at least twice as much as their homes’ value.
Still underwater. Despite the recent rise in home prices we still have 9.1 million home owners seriously underwater. What this tells us is that many people pushed their budgets to the financial limits merely to squeeze in. If this were truly a solid housing uptrend we would be seeing home builders doing what they do, building homes.
Foreclosures, short sales and rapidly rising home values have lifted millions of Americans previously underwater on their mortgages since the end of the housing crisis. TODD SUMLIN tsumlin.
REthink: An open letter from Millennials to the real estate industry Designed by the architecture firm Spacesmith, the 41,000-square-foot office has an open plan, a spacious cafe and state-of. a vice chairman of Colliers International, a commercial real estate firm.CoesterVMS, loanDepot among Inc.’s 5000 fastest growing firms Based in San Jose, Calif., Valin Corporation, one of Inc.’s 500|5000 Fastest-Growing Private Companies is the leading technical solutions provider for the technology, energy, life sciences, natural resources, and transportation industries. For 40 years, Valin has offered personalized