ARCHIVED BLOG POSTS
2009
Buyer activity in the multifamily market was light in July, when 14 Dane County listings totaling 40 units sold via the South Central Wisconsin MLS. Meanwhile August 31st inventory climbed to over 39 months. You'll find our full multifamily market report on the economic trends page at DaneCountyM...
08/31/2009
In our last post we defined a short sale. In order to qualify for a short sale, a home owner must be able to demonstrate one or more of the following: financial hardship, negative cash flow, where monthly expenses exceed monthly income, or evidence of pending loss and insolvency The most common ...
08/31/2009
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According to the Distressed Property Institute, a home owner "is short" on his property when the amount he owes on his mortgage, combined with commission and closing costs, is higher than the current market value of the home. A "short sale" occurs when a negotiation is entered into with the prope...
08/30/2009
Even in Dane County, a stable market compared to most others, distressed property sales are a common occurrence. According to Homestead Title's Peter Zarov, 27% of that title company's closings from December 2008 through May 2009 were for distressed properties. In 2006 and prior years distressed ...
08/30/2009
Rainer
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Dan Miller
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