Posts Tagged ‘short sales’

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St Louis Home Loan and In House Financing: HAFA Short Sales Tally

Monday, January 2nd, 2012


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and Financing For Customers News: 10,000 HAFA Short Sales


St Louis Home Loan, Customer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


Servicers completed 10,438 short sales through the government’s Home Affordable Foreclosure Alternatives (HAFA) program since it launched in April 2010, according to the Treasury Department.

HAFA was designed to provide an incentive to servicers for completing short sales and deeds-in-lieu of foreclosure for (more…)

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St Louis Business and In House Financing: Short Sales Now Popular

Saturday, November 12th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing and Consumer Lending News: Short Sales Gaining Popularity
St Louis Home Loan and Consumer Finance | Principal Reduction Program | 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Financing and Principal Loan Reduction


St. Louis Refinancing Group news team reports that U.S. home prices may get a boost from an unlikely source: a pickup in sales of properties in default before they reach the stage where they are repossessed by the bank and sold. There has been a “dramatic shift” in banks’ willingness to (more…)

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St Louis Home Mortgage and Customer Financing: Cash For Short Selling

Sunday, October 30th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage and Consumer Lending News: Banks Give Cash For Short Selling
St Louis Home Loan and Consumer Finance | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


Most banks figure they’re doing homeowners a favor simply by signing off on short sales and forgiving the amount owed. But what seems to be even more suprising according to St. Louis mortgage brokers is in some cases, Chase and Wells Fargo borrowers (more…)

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St Louis Mortgage Lending: New Homes Not Selling

Friday, May 6th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Broker and Refinance News: Why New Homes Are Not Selling
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


There has been a major change in the real estate market. Once a common home buyer’s dream, new homes have lost much of their appeal.

The leading choice has become fixer-uppers and foreclosures which has captured the buyers’ attention, creating a window of opportunity for those still looking for new construction according to St Louis loan mortgage experts.

While the real estate market has struggled across the board, new homes have been hit (more…)

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St Louis Refinancing Loan: Foreclosures And Short Sales Push Market

Monday, May 2nd, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Reduction News: 26 Percent Of Home Sales Are Foreclosures And Short Sales
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant


According to a RealtyTrac report released yesterday, 26 percent of all homes sold last year were foreclosures and short sales.

Homes already foreclosed on and repossessed by banks, called REOs (real estate owned), sold for an average of 36 percent less than normal sales, RealtyTrac reported.

Meanwhile, the discount for homes sold while they were still in the foreclosure process (short sales) was 15 percent as followed by the St Louis Refinancing Group news team.

“It’s like the post-holiday sales at (more…)

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St Louis Mortgage Broker: Discounts For Foreclosures And Short Sales

Sunday, December 26th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Foreclosures and Short Sales At a 26 Percent Discount
Residential and Commercial Loans | 314-334-0210


According to RealtyTrac, nearly 250,000 residential properties in some stage of foreclosure changed hands during the second quarter.

They sold for about 26 percent less than non-foreclosed homes, compared to 35 percent less (more…)

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St Louis Home Loan: New Bill May Help Short Sales

Sunday, November 21st, 2010


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: NAR Hails Bill To Help Short Sales
Home Mortgage and Commercial Loans | Principal Reductions
877-334-0210 or 314-334-0210 | Floyd Tapia


There are several ideas on Capitol Hill that are in the works that would help homeowners who are underwater with their mortgage find that relief may be  on the way (more…)

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St Louis Home Mortgage Sees Short Sales Rising

Thursday, November 4th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Shadow Inventory Growing While Short Sales Rising
News Press Hot Line: 314-334-0210 | Floyd Tapia


There are currently 2.5 million homes in foreclosure that is nearing its complete process. A special report released by John Burns Real Estate Consulting predicts that (more…)

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St Louis Finance Lenders Notice B of A Encouraging Short Sales

Monday, August 2nd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Short Sales Being Encouraged By Bank of America [News Hot Line: 314-334-0210 | Floyd Tapia]


During the second quarter of 2010, approximately $35.7 billion in leases, foreclosed properties and non-performing loans were reported by Bank of America (BoA) which (more…)

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St Louis Mortgage Lenders See Foreclosures Selling At 30 Percent Discounts

Friday, July 23rd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Whopping Discounts Equaling 27 To 30 Percent For Foreclosures [News Hot Line: 314-334-0210 | Floyd Tapia]


Amazing numbers are coming from the housing industry as far as current home sales are concerned.

It seems that foreclosures accounted for (more…)

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