Tag Archives: Short Sales

Why It’s Critically Important To Have A Home Inspection

Many home buyers have found the perfect house, signed on the dotted line and may think they’ve watched enough home improvement shows to know if the home they’re getting is in good shape. Unfortunately, some buyers make the mistake of skipping a home inspection in order to save a little cash. Even if a home […]

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RealtyTrac Foreclosure Report Shows 28% Decrease From May 2012

Foreclosure actions increased by 2.0 percent in May from April’s 75 month low point for foreclosure activity according to RealtyTrac’s U.S. Foreclosure Market Report released June 11. However, the good news is that May 2013 foreclosure filings were still 28 percent below May 2012 filings. RealtyTrac reports that approximately one in 885 homes were in […]

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New Home Search Options

Good News! Our website overhaul has finally been completed and now we offer even more search options. Try our new Map Search at www.EveryHomeInIdaho.com.

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Foreclosures Fall To 5-Year Low

Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month — the fewest number since July 2007. Rapidly-declining foreclosure figures are another signal that the U.S. housing […]

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Idaho is NOT a top foreclosure state

According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years. The generic term “foreclosure filing” is used to […]

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Bank of America is making changes to its short sale procedures

Bank of America is making changes to its short sale procedures and introducing an improved task flow within the short sale technology module from Equator, BofA’s short sale management platform of choice. The goal: to reduce the timeframe for a short sale decision to less than three weeks. Starting Saturday, April 14, real estate professionals […]

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Foreclosure Volume Slated To Rise This Spring

After a series of months during which foreclosure volume was low, total filings have started to rise again, says RealtyTrac. In February, 21 states posted a year-over-year increase in monthly foreclosure filings, according to the national foreclosure-tracking firm. This is nearly twice as many states as compared to December 2011, marking the highest monthly reading […]

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Tax relief on mortgage debt forgiveness ends in 2013

The tax-relief law allows homeowners to exclude from income certain debts forgiven by their lenders. The tax break expires Dec. 31, 2012, but keep in mind that a short sale or foreclosure can take many months. The window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing […]

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What Happens When You Walk Away From Your Home?

It was just last summer that Charlotte Perkins made the hardest decision of her life as she and her husband Jim were caught in the vise of the housing bust. Wanting to downsize their lives as they headed toward retirement, they bought a new house in Mesa, Arizona, before they sold the old one, also […]

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Foreclosure Filings Climbing; 4 States Account For Half Of Nationwide Activity

Foreclosed homes are a hot market throughout Idaho — and supplies are ramping up. According to foreclosure-tracking firm RealtyTrac, October’s foreclosure filings rose 7 percent to 231,000 filings nationwide. A “foreclosure filing” is any one of the following foreclosure-related events : A default notice on a home; a scheduled auction for a home; or, a […]

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