November 20th, 2008 categories: Mortgages
Fannie Mae has just issued a press release letting it be known that they have ordered their loan servicers and attorneys to suspend any and all foreclosures scheduled from next week to the end of the year in homes that are owner occupied. This is being done while Fannie figures out how to implement a better loan modification program with all of its loan servicers. This should help out with inventory numbers in early 2009.
| Discussion: 2 Comments »
November 19th, 2008 categories: Home Selling
We’re always attempting to stay at the forefront of technology (as long as it makes sense for our clients). Recently, a new way to create an eye-catching video came across our desk (err…screens) and it looks like its something we’re going to implement in all of our listings. Below is our first “test” video. Let us know your thoughts…
| Discussion: 2 Comments »
November 14th, 2008 categories: Home Ownership
The city of Minneapolis and the city of St. Paul will be the first 2 cities to pilot the National First Look Program, which “coordinate the transfer of real estate-owned properties from financial institutions nationwide to local housing organizations, in collaboration with state and local governments”. Basically allows communities to purchase foreclosed homes from banks participating in the program after the redemption period, but before they come on the market for public sale. Should be a great way for some cities to attempt to “reclaim” some of the neighborhoods that have been devestated by the current run of foreclosures recently. City of Minneapolis website has a good ‘press release’ with some more info on The First Look Program.
| Discussion: No Comments »
