Category Archives: News in Real Estate

As reported by CNNMoney.com, 26% of all homes sold last year (2010) were foreclosures and short sales, according to a RealtyTrac report released on Thursday. Homes already foreclosed on and repossessed by banks, called REOs (real estate owned), sold for … Continue reading →

Good News: 1.      Heretofore Fannie Mae has required borrowers who have less than 20% down payment to have a minimum of 5% of their own money in the transaction.  After 12/13/10, borrowers can obtain gifts from family members, or grants … Continue reading →