BofA Implements Equator (REOTrans) Platform, as Short Sales Gain Ground
10/22/2009 By: Carrie Bay, reporter for DS News
California-based Equator (formerly known as REOTrans) says it has launched the industry's first-ever short sale module for a large national lender.
Although Equator declined to name the lender, the San Francisco Chronicle has reported ...
Passed by the House early in October was a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas. This increases the likelihood that Congress will write an extension of the $8000 tax credit program into 2010 but of course there is no guarantee. Hopefully, lawmakers appreciate the tax credit ...
Traverse City Real Estate Market is in fact better. The numbers don’t lie!!! From July 1st 2008 to September 25th 2008 there were 270 closed residential sales reported in the Traverse Area Association of Realtors (TAAR) MLS system. During that exact period of time for this year there were 303 closed residential sales reported. That’s a 12% increase over 2008! ...
It's all good. The number of residential units sold in Traverse City seems to be stable over the last three months. According the Traverse City MLS stats (via TAAR MLS), there has only been a slight decline in units each month of March, April and May. See graph below for details:
The raw stats are as follows: March of 2008 there were 70 residential sales ...
Stay away from foreclosures!
Did I hear you right? Stay away from foreclosures? Are you on drugs? Yes, but that's beside the point.
I was talking to a first time home buyer in Traverse City recently that made a conscience effort to avoid buying a bank owned property. Why? He simply said "I got tired of being 3d in line and out bid by other buyers." It's true. ...
Traverse City Mi Real Estate
There are a lot of people who are taking advantage of the 1) Lowest interest rates in 50 years, 2) Lowest pricing on homes in many years, 3) The widest selecting of inventory in many years for nearly every market and 4)$8000 tax credit for first time home buyers. Take a look at this video for further reasons not to put off that purchase of a home:
Traverse ...
Traverse City Michigan Real Estate Sales were strong in March and April of 2009! There was reported in TAAR MLS 150 closed homes. Compared with March and April of 2008 that represents approximately a 7% difference. 161 Homes closed in March/April of 2008. Of those 150 Traverse City Mi Homes that closed this year how many were bank owned or ...
Affordable housing in Traverse City has never been better. There are 137 homes tagged as Traverse City foreclosure or bank owned in Grand Traverse County as on April 30 2009. 43 of these 137 Traverse City homes for sale are $150,000 + in value. 10 of these Traverse City foreclosure Homes are between $300,000 and $825,000. So the message is "they are not all dives". ...