There's no question in this contest buyer's win.  Buyers snap foreclosed properties left and right. That's just the reality here on the ground on foreclosed properties: if they're decent, clean, and well priced it would sell first over their competition, that is the other type ...

Citigroup and JP Morgan Suspend Foreclosure Both Citigroup Inc. (C: 3.58 -0.83%) and JP Morgan Chase (JPM: 25.2804 -3.47%) announced Friday they have enacted temporary foreclosure moratoriums. Green Depot: Another Signal 'Eco' is Moving Mainstream On Thursday an “eco-Home Depot� opened in Manhat...

You want to know when market will rebound? Check this out. It's no crystal ball prediction just market insight from Standard and Poor's. The 5 key drivers to housing recovery, via Businessweek: 1. Buyers' confidence in their jobs and income levels; 2. Ease of housing price declines to ma...

Obama Team Backs Paulson Plan to Spur Homebuying Through New Securities Dec. 12 (Bloomberg) -- President-elect Barack Obama’s economic team is expressing interest in a U.S. Treasury plan to spur homebuying through new securities aimed at driving down mortgage rates. The Deal:  Buy one, get o...

Typepad don’t have the autosave yet install in their platform. What happened when the work I put it earlier today was wiped out because of no wi-fi connection, I was like speechless for a sec. Because that means, I have to start from scratch again creating the post. Sigh. – Dewita -- Dubai’s R...

First, you got Fannie-Freddie duo decided to suspend foreclosures during the holiday from November 26 to January 9, 2009. Fannie and Freddie are hardly alone in this foreclosure holiday (halt, time out, break or whatever you call it). Here's the gift from Fannie, via website. The temporary suspensio...

According to the recent MRIS' September resale home sales trend indicator,  within the same period (m-o-m) the total number of units sold was 409 down from 410 (or -0.24%), which is not bad. The average sales price off 4.29% from $543,608 to $520,296 while the median price was up to $389,000 fr...

Election 2008: A Big Win for Green Real Estate It's shortly after 11 p.m. EST on November 4, 2008, and Barack Obama has just been declared president-elect of the United States. Countrywide closes 40% of remaining wholesale fulfillment centers More consolidation and reduction from Countrywide Wholesa...

By now you hear about Fannie and Freddie's mess, here is a must-read on how Fannie and Freddie fallout could affect you. It took this man 6 months to get Countrywide modified his loan. Even the rich having a hard time getting loans these days. The 'four C's' of mortgage lending. SOLD: The most expen...

Sometime last week, a Federal Housing Administration official talked something about that they wanted to take buyers' subsidy program aka 'down-payment assistance' or in their jargon 'DAP' program off the table because of higher rates in foreclosures. “Data clearly demonstrates that FHA loans made...