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CoreLogic: “3.1 million Homes were still in negative equity” at end of Q1 2017

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CoreLogic: “3.1 million Homes were still in negative equity” at end of Q1 2017

From CoreLogic: CoreLogic® Reports Nearly 9 Million Borrowers Have Regained Equity Since the Height of the Crisis in 2011 Rising home prices led to improvements in home equity, with 91 thousand residential properties regaining equity in Q1 2017. The number of mortgaged residential properties with equity is now at 48.2 million. An additional 0.6...
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“Animal McMansion”: Another use for vacant homes

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“Animal McMansion”: Another use for vacant homes

This morning I linked to an LA Times article about marijuana grow houses in Las Vegas … here is another use for vacant homes: From Patricia Leigh Brown at the NY Times: Animal McMansion: Students Trade Dorm for Suburban Luxury While students at other colleges cram into shoebox-size dorm rooms, Ms. Alarab, a management...
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NY Times: The Glut of Foreclosed Homes

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NY Times: The Glut of Foreclosed Homes

From Eric Dash at the NY Times: Banks Amass Glut of Homes, Chilling Sales The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery. All told, they own more...
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More parents buy homes for college-aged children, real estate agents say

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More parents buy homes for college-aged children, real estate agents say

Real estate agents said more parents are opting to buy their children a home in college towns rather than pay rent for an apartment or dormitory fees, according to a survey from Coldwell Banker Real Estate. Of the 425 real estate professionals questioned in markets home to major colleges or universities, 64% said they...
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What’s the difference between REO properties and HUD owned homes?

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What’s the difference between REO properties and HUD owned homes?

Question by Yoli: What’s the difference between REO properties and HUD owned homes? What incentives do buyers get when buying REO properties? Is there a down side to buying REO’s? What’s the difference between buying an REO vs a Hud (repo) home? Best answer: Answer by glennREO stands for real estate owned. It is...
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