News

  • Mortgage Relief Checks Go Out, Only to Bounce by

    (New York Times) -- When the bank account is running dry and the mortgage payment is coming due, the phrase “insufficient funds” is the last thing you want to hear.

  • Survey: Homeowners’ Biggest Regret? Didn’t Buy Bigger by

    (WSJ) With the worst of the housing bust still fresh in homeowners’ minds, it’s a small wonder what some owners are saying they most regret: not buying bigger. It’s just one finding from a new survey by real-estate website Trulia TRLA -1.25%. The survey, which is scheduled to be released in full on Wednesday, also highlights the changing tide for home sellers, who now have the upper hand in markets amid rising prices and low inventory. Jed Kolko, chief economist at Trulia, sat down with the WSJ’s “Lunch Break” to discuss some of the findings.

  • Did underwater mortgages kill the economy? by

    The housing market, finally, is recovering. Home prices are up 8 percent over the past year. And that is providing relief to a particular set of homeowners – the underwater borrowers who owe more than their properties are worth. Over past year alone, 1.7 million homeowners have climbed out from being underwater.

  • Proving Ability to Pay, the Paperless Way by

    Like many entrepreneurs with a business idea, mine was born out of personal frustration. When I was buying a house in Athens, Georgia, I became dumbfounded by the amount of important paper documents I had to submit in order to close the deal. Having spent years creating technologies for the financial services industry, I thought we’d passed the age of photocopies and faxes. But we hadn't and I knew there had to be a better way.

  • 3 Reasons The Housing Market Recovery May Not Last by

    (CNNMoney) --The housing market has made a big comeback over the past year; home prices have surged some 8% and homebuyers can't seem to buy up properties fast enough.

  • 7 HUD-1 Statement Lines Investors Check For Accuracy by

    You have a closing scheduled for a real estate deal all lined up and the Title Company sends you (usually 24 – 48 hours ahead a time), a copy of your HUD-1 Settlement. If you are buying - it will let you know how much money you need to bring to the table and if your selling - it will show anticipated net proceeds or profits on your real estate investment. Hold the Phone. Wait right there!

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