Auctions are appealing because they set a definite time for the sale. Because the property will be sold on this date, it creates a tremendous sense of urgency, said REALTOR® Christian Saunders of Lewith and Freeman in Clarks Summit.
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Auctions are appealing because they set a definite time for the sale. Because the property will be sold on this date, it creates a tremendous sense of urgency, said REALTOR® Christian Saunders of Lewith and Freeman in Clarks Summit.
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PAR will use the grant money to interview a random sample of individuals who have recently experienced a foreclosure, as well as those still living in hard-hit neighborhoods, according to Jennifer Shockley, assistant director, PAR Government Affairs.
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REALTORS® who understand how women look at buying a home can become valuable resources to these homebuyers, said real estate broker Tara-Nicholle Nelson, Esq.
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Foreclosures have not reached the crisis level in Pennsylvania as they have elsewhere, according to Dr. Austin Jaffe, PAR’s consulting economist and director of real estate studies at Penn State University.
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Time magazine reported on a shortage of attorneys to manage the avalanche of foreclosures across the country. Rising foreclosure rates continue to add inventory to the real estate market and high unemployment rates and Option-ARM mortgages ready to reset are expected to send foreclosure rates soaring.
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Repossessions by lenders are increasing in all but two states. Federal government efforts such as the Making Homes Affordable program have been slow to work and have led to delays in lender actions, causing further backlogs.
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RealtyTrac, the California-based expert on foreclosure listings, counted 3.1 million foreclosure filings during 2008. The new results represented a 81 percent increase from December 2007 to December 2008.
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Thursday, May. 17, 2012
