Bank of America Puts Short Sales Ahead of REO

MGIC writes $2.1B in new primary mortgage insurance Mortgage Guaranty Insurance Corporation (MGIC), (covering losses exceeding claim payments on primary insurance). MGIC is the largest private mortgage insurance provider based on new primary business written, with more than 20% of the market share. The company is licensed in all states, the District of Columbia, and Puerto Rico.

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Our Fed call puts short rates close to 3.5 percent by the end of 2019. driven by U.S. twin deficits and Chinese stimulus. Bank of America is one of the world’s leading financial institutions,

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Foreclosures are real estate owned, REO or bank-owned properties and they have the potential to offer an affordable option to the right buyers. Bank of America can help you learn about home foreclosures with helpful tools, resources and mortgage products that can help make the process of buying a bank foreclosure an easier one.

BANK OF america short sale find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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Foreclosure mess scares off homebuyers: Campbell/Inside Mortgage Finance Gallup: Americans not as optimistic about homeownership Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks, gold, and savings accounts. For the sixth year in a row, real estate has come out on top as the best long-term investment! That has not always been the case.In general, mortgage insurers, which pay lenders when homeowners default and foreclosures fail to recoup costs, have lost money over the past three years. MGIC, insured 97% LTV loans for first-time.Obama Signs First-Time Homebuyer Tax Credit Extension Las Vegas September home sales buoyed by move-up buyers Vegas-Area Home Sales Dip in October – Las vegas-area home sales fell in October as sub-$200,000 transactions continued to decline and the share of homes sold to absentee and cash buyers dropped to the lowest level in more than three years. The median sale price rose to $180,000 – the highest in nearly five years, according to San Diego-based DataQuick.The Homebuyer Assistance and Improvement Act of 2010, signed by President Obama on July 2, 2010, extended the closing date deadline that homebuyers are required to meet in order to qualify for the Homebuyer tax credit. eligible taxpayers now will have an additional three months, until September 30, 2010, to close title on qualifying residences.

A short sale in real estate is not always a pleasant transaction, but short sales have come a long way since 2006, so don’t sell the concept short. Our present economy does not mean short sales have gone away. For example, a person who bought a brand new home could die the day after closing, and the costs of an immediate sale could throw that transaction into short sale status.

For more information on this, please contact us and we will put you in contact with our Short Sale Expert, Alan Shafran. Here is the excert from Bank of America: Short Sale Relocation Assistance Program: Your clients could receive $5,000 to $30,000 in relocation assistance Your financially distressed clients want to avoid foreclosure.

Homebuilder confidence experiences largest one-month gain in a decade After experiencing a population loss of nearly 10% in the 1980s, Aitkin added. According to the Census, Aitkin added 286 people, for a population increase of.. The largest percentage gain occurred in the age range between 20 and 24 years. The Aitkin Market Area's median household income translates into a monthly.