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Foreclosure Report: California “Homebuyers should brace themselves for significantly less inventory next year”

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Foreclosure Report: California “Homebuyers should brace themselves for significantly less inventory next year”

Two foreclosure reports: one national predicting an increase in distressed sales; the other regional (west) predicting less foreclosure inventory. Both could be correct … (Update: the reports have conflicting data for California – on that one is probably wrong!) RealtyTrac released their midyear foreclosure report this morning: 1 Million Properties With Foreclosure Filings in...
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Foreclosure robo-signers put homebuyers’ tax credit at risk

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Foreclosure robo-signers put homebuyers’ tax credit at risk

Homebuyers who were set to close on the purchase of a foreclosed home may not qualify now for the homebuyer tax credit after lenders suspended those sales in 23 states, real estate agents tell HousingWire. The closing deadline for the homebuyer tax credit was extended earlier in the year from July 30 to Sept....
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