Sales of resale homes may fall 12.5% in 2007
The subprime problem in US is not only creating problem of foreclosure, but it is also creating problems for the pre owned home sale business. The lack of credit for buying home is also playing its part in the game.
The National Association of Realtors reported that sales […]
The latest efforts to help the sub prime borrowers may cause dissatisfaction with many prime borrowers. In a way, they are right. Their frustration is right as two points can be raised-
1. The subprime borrowers received help which will create a condition where they don’t have to live up to the agreement they have. But the […]
A recent Freddie Mac survey revealed that housing values have fallen 1.3 percent in the whole nation in the third quarter of 2007. This is the biggest quarterly drop in the housing values in 25 years.
In the “Survey of home purchases and mortgage refinance appraisals,” Freddie Mac found out this fact which may intensify the […]
Now homeowners, there is a good news for you. The government is on the verge of bringing out a new plan to help the homeowners who are in problem due to the sharp increase in the mortgage rate. U.S. Treasury Secretary Henry Paulson declared that by this week’s end the plan will be ready. This […]
Some of you, as homeowners, may see ballooning of your mortgage payment by 20-30 %. This is indeed a bad condition and you would not like it at all. Starting next few months, you may have to pay a higher sum of money than what you were paying earlier as mortgage repayment.
Many of the homeowners […]
