Talking about the latest report on home prices from FHFA, deadline for foreclosure reviews has been extended and much more…
Ahhh…Monday. The most hated day of the week? Perfect opportunity for me to catch up on some real estate news from the end of last week or over the weekend:
FHFA Says House Prices Up 1.8%
US house prices rose 1.8% from the first quarter to the second quarter of 2012 according to the Federal Housing Finance Agency. Check out the chart below:
Hmm… yet another report about house prices increasing. Something buyers need to consider!
Foreclosure Review Time Period Extended
If you or anyone you know was involved in a foreclosure between January 1, 2009 and December 31, 2010, then it is possible that a FREE Independent Foreclosure Review is a good idea. The deadline to get one of these reviews was supposed to be on July 31st but this program has been extended.
The Independent Foreclosure Review will help consumer figure out IF they suffered financial injury and IF they should receive money because of errors or other problems during their home foreclosure process. I think when they say other problems they are trying to nicely say “the bank forged the foreclosure paperwork or broke the law in some other sneaky underhanded way.”
Since this is FREE, you might as well go find out more about this program including how to apply online at http://www.independentforeclosurereview.com
Freddie Says Fewer Delinquent Mortgages
Fewer delinquent mortgages is always good news as it could mean fewer foreclosures. Fewer foreclosures means less downward pressure pressure on home prices. Read more at Freddie delinquency rate down to lowest level in nearly 3 years
2018? I Thought the Mayans Said the World Was Ending in December?
6 long years away: CBO Says Full Recovery by 2018. But this could all change depending on which idiot gets elected and what stupid stuff they pull. Or we could all be pleasantly surprised and things get better much quicker.