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Real Estate Agent - Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals - proesch@ptauctions.net
RECENT BLOG POSTS
That's not all that impressive compared with the quarterly increases during the hyperinflationary housing boom years, but it could signal something important: After three years of unprecedented shrinkage in home equity -- and three years of rapid expansions in the number of underwater borrowers w...
02/18/2010
With more than 100,000 positions eliminated in the mortgage industry from 2006 through 2008, it is clear that employment within this sector was strongly impacted by the downturn in the economy. However, as the economy begins to show signs of stabilization, mortgage employment is following suit.Ac...
02/18/2010
The U.S. Treasury said its foreclosure-prevention program has cut mortgage payments for about 947,000 households, at least temporarily.That was the number of households benefiting from easier loan terms at the end of January through the Obama administration's Home Affordable Modification Program,...
02/18/2010
With tumbling property values leaving nearly a quarter of borrowers owing more on their mortgage than the home is worth, some may find it tempting to walk away even if they are financially able to keep makingpayments – either to get out from under the debt completely or to force the servicer’s ha...
02/15/2010
Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3,000 community banks nationwide, a federal watchdog group has concluded.Market analysis by the Congressional Oversight Panel (COP), charged with keep...
02/15/2010
Current homeowners buying a house between Nov. 7, 2009, and April 30 and who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight can qualify for the $6,500. It seems less is known about the repeat buyer credit. This incentive was adde...
02/12/2010
Just over 40% of available homes for sale had reduced prices in January 2010, compared with 44% in December 2009, according to a monthly survey of home listings in 27 markets conducted by the national real estate brokerage ZipRealty.With fewer reduced price homes available in January, sellers wer...
02/12/2010
The Spring selling season. And Dan Oppenheim, a home-building analyst with Credit Suisse, predicts we’ll not only see one this year, but it will likely be strong. Builders are shifting from survival to rebuilding profitability - “a welcome relief after the past several years”  - but five threats ...
02/12/2010
As one of the nation’s largest mortgage servicers, CitiMortgage is still contending with a deluge of foreclosures that just doesn’t seem to be abating, despitestepped up mitigation efforts and government relief programs. On Thursday, the company announced a new pilot initiative that will allow di...
02/12/2010
The relentless wave of foreclosures that has steadily swelled and battered the housing industry for a good three years seems to have retreated ever so slightly in January,but it’s not enough to mean the storm has passed – RealtyTrac says a resurgence is likely.The company’s January 2010 U.S. Fore...
02/10/2010
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