A new article from NaplesNews.com reports that banks are no longer holding onto distressed properties.
Instead, economists quoted in the article are backtracking on previous forecasts suggesting that banks will continue to sit on inventory.
The report says banks are now quick to increase their foreclosure filings and launch short sales and other property disposition actions when appropriate.
The report attributes the increase in inventory movement to the national mortgage servicing settlement with attorneys general in 2012, which kick-started the process.
This post was last modified on %s = human-readable time difference 11:19 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
This website uses cookies.