Non-deliquent Borrowers Soon to Be Eligible for Short Sales

Non-delinquent Borrowers Soon to Be Eligible for Short Sales Daily Real Estate News | Wednesday, October 24, 2012 Mortgage giants Fannie Mae and Freddie Mac have issued new rules, which will take effect Nov. 1, that will allow short sales for underwater borrowers who have never missed a mortgage payment. Previously, Fannie and Freddie allowed…

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Housing Shortages Plague Market

Housing Shortages Plague Market Daily Real Estate News | Tuesday, October 23, 2012 Buyer demand is up, but there aren’t enough homes available to buy, according to the National Association of REALTORS®, which blamed a recent drop in home sales on a diminishing inventory of for-sale homes. “Recent price increases are not deterring buyer interest,”…

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Homes Are Selling Faster

Homes Are Selling Faster Daily Real Estate News | Monday, October 22, 2012 Inventories of for-sale homes aren’t the only thing that is dropping. The amount of time homes are staying on the market is growing shorter as well—down 11 percent in the last year—according to the latest Realtor.com data. Homes were listed on average…

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Traits of People With High Credit Scores

Traits of People With High Credit Scores Daily Real Estate News | Friday, October 19, 2012 To have a high credit score, individuals tend to keep revolving balances low to their available credit, not max out credit cards, and consistently make payments on time, according to the company behind the FICO credit score. FICO recently…

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