Distressed Sales Constitute Big Share of Home Resale Market by Jann Swanson Distressed home sales are once again approaching a one third share of the real estate market for existing homes, depressing home price trends and indicating that the housing market is not yet out of the woods. According to a report issued by First […]

The National Association of Realtors released the Pending Home Sales Index data today. NAR’s Pending Home Sales Index measures housing sales contract activity. A sale is listed as “pending” when a contract to purchase an existing home (single-family, condos, and co-ops) has been signed but the transaction has not closed. A signed contract is not […]

Overdue loans in pools of commercial mortgage-backed securities (CMBS) continue to mount. With each passing month, CMBS delinquency rates jump to another record high – and April held true to form. The delinquency rate for commercial real estate loans in CMBS climbed higher still last month, although the rate of increase slowed from March’s breakneck […]

Accounting Assistant will be responsible for following within the related fields of Accounting Department and Property Management. The responsibilities of the Assistant include but are not limited to the following: *Full charge BookKeeper, Includes A/P, A/R, payroll, General ledger, Quaterly Cash flow, Monthly financial ananlysis for the company etc. *Maintains and updates files for payments […]

Only 10 percent of the $41 billion of distressed commercial real estate from a year ago has been resolved and is no longer held by the lender, according to data released this week by the research firm Real Capital Analytics. The company’s analysis includes only seasoned distress for which sufficient time has passed for lenders […]

Two House Democrats have introduced a bill to create a “right to rent” for homeowners facing foreclosure. The bill, sponsored by Rep. Raúl M. Grijalva (D-Arizona) and Rep. Marcy Kaptur (D-Ohio), would allow a family receiving a foreclosure notice to petition a judge to stay in their home as renters under a 5-year lease. The […]

Business First of Columbus – by Kevin Kemper Homeownership in Central Ohio has continued its dramatic erosion this year as another wave of foreclosures washes over the region. Despite the improving economy and the best efforts of homeowner-assistance programs, 3,714 foreclosure lawsuits were filed in the eight-county Columbus region in the first quarter, up 5.4 […]

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By: Brittany Dunn Only time will tell how the residential real estate market will be affected by the expiration of the homebuyer tax credits, but a survey released Wednesday by Prudential Real Estate and Relocation Services, Inc., found that the sunset of these incentives is unlikely to deter future purchase activity. While more than 90 […]

By: Karen Goldberg Goff Special to the Washington Examiner April 28, 2010 A government decision to temporarily suspend rules that prohibit using Federal Housing Administration financing to buy a house a seller has owned for less than 90 days has had little effect on the market, area real estate experts said. To boost sales in […]

By: Carrie Bay With defaults continuing to mount and declining property values still widespread, the industry is seeing an increase in short sales. Such transactions are expected to burgeon even further now that the federal government has implemented its Home Affordable Foreclosure Alternatives (HAFA) program. Under HAFA, servicers participating in the administration’s foreclosure prevention effort […]

23 Tips for Keeping the House Cool a Care2 favorite by Annie B. Bond Adapted from Consumer Guide to Home Energy Savings, by Alex Wilson, Jennifer Thorne, and John Morrill. Puzzling out how to keep your house as cool as possible during these hot summer months? Trying to remember the conventional wisdom but not quite […]

These are calculators that we have found helpful for home buyers. Adjustable-rate Mortgage Calculator Cash-out Refinancing vs.Home Equity Loan Discount Points Calculator Home Affordability Calculator Home Equity Calculator Loan Consolidation Calculator Mortgage Monthly Payment Refinance Calculator Refinance Calculator We at NyOnlineRealty.com want to help you with the entire process of home buying if you every […]

In response to the notable first quarter profits recently reported by Bank of America, Citigroup, JPMorgan Chase & Co., and Wells Fargo, the Association of Mortgage Investors (AMI) released a statement saying these four banks need to stop shifting their mortgage losses to private investors and confront their conflicts of interest. The association said the […]

Just four months after the fourth round of National Foreclosure Mitigation Counseling (NFMC) Program funds were appropriated, $59.5 million has been awarded to 35 state housing financing agencies (HFAs), 15 HUD-approved housing counseling intermediaries, and 81 community-based NeighborWorks organizations to provide counseling to homeowners facing foreclosure, according to a recent announcement by Washington, D.C.-based NeighborWorks […]