Current News and Opinion

Video Analysis: Bank Repossessions Jump 11 Percent, Foreclosure Starts Up 4 Percent in May By Joel Cone, Staff Writer June 18, 2013 U.S. bank repossessions jumped 11 percent from the previous month in May, the first monthly increase since November 2012, while foreclosure starts increased 4 percent from the previous month. The Real Reason Mortgage Rates Are Rising By Peter Miller, Contributor June 14, 2013 For the past year both home prices and real estate sales have been rising but now we've hit a bump that could change the entire marketplace: Mortgage rates are soaring. The ‘Inventory Shortage’ Myth By Octavio Nuiry, Senior Staff Writer June 12, 2013 When it comes to housing data something just doesn’t add up. Drones Move from the War Zone to the Real Estate Front By Octavio Nuiry, Senior Staff Writer June 11, 2013 Small, remote-controlled drone helicopters with high-definition still and motion picture cameras could soon become the latest must-have photo accessory for real estate brokers who want aerial photography for their listings. Detroit Leads Nation in Available Fixer Properties By Joel Cone, Staff Writer June 10, 2013 ABC 7 Action News reports Detroit topped RealtyTrac's list of 15 cities where fixer-upper properties still offer bargain deals for investors. RealtyTrac VP Discusses Nationwide Analysis of Fixer Bargains By Joel Cone, Staff Writer June 7, 2013 Homebuyers and real estate investors who are willing to purchase a home in need of repair may find less competition and thus be able to buy at a lower price point in some markets around the country. FHA Could Lose $115 Billion By Octavio Nuiry, Senior Staff Writer June 5, 2013 A previously undisclosed stress test has revealed the Federal Housing Administration’s projected losses on defaulted loans could reach as high as $115 billion over 30 years, according to the Wall Street Journal. 7 Tips for Finding, Financing and Fixing Beat-Up Foreclosures By Octavio Nuiry, RealtyTrac Staff Writer June 4, 2013 Rehabbing fixer-upper foreclosures takes some skill, some experience and some money, but it’s a lot easier than you think. Here are seven tips from fixer-upper experts to get you started. 15 Best Cities for Buying Fixer-Upper Bargains By RealtyTrac Staff June 4, 2013 A RealtyTrac analysis found that nationwide there are more than 51,000 potential foreclosure fixer-uppers: bank-owned homes that were built before 1960 and with an estimated market value below $100,000. Fannie Mae Kickbacks ‘a Natural Part of Business,’ Ex-Worker Says By Octavio Nuiry, Senior Staff Writer May 31, 2013 A former foreclosure specialist at mortgage giant Fannie Mae’s Irvine office was caught accepting an $11,200 kickback from an Arizona real estate broker in exchange for steering foreclosure listings to brokers. Print Email

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