On Feb 9 Senator Robert Menendez introduced a bill that would "help" homeowners stay in their homes by giving up a portion of their future home appreciation to their bank.
Click Here to read more about the bill.
Apply for your portion of this settlement at
NationalMortgageSettlement.com
Federal Government settlement
2/17/2012
Last week the US Government reached a settlement with banks that might free the logjam of foreclosures that have been held up in the past year.
What does this mean locally? We can expect to see banks gradually release the logjam so they don't flood the market with foreclosure homes further depressing prices.
If you have been forced out of your home you should read this article. You may be due some of the settlement funds. If you are in the market for REO properties this
is a good time to watch the listings for new properties. You can search distressed property listings using the links on my buyers page.
Housing's Rise and Fall since 2000
2/16/2012
On Jan 31 the November figures were released for the Standard & Poor's Case-Shiller Home Price Index for 20 major metropolitan areas.
Click Here to see a chart depicting the trend of the Case-Shiller Index since 2000.
