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California’s Foreclosure Drop – But May Be Hungover

Posted on February 27, 2013 by IC N in Latest Real Estate News

CA ForeclosuresOriginal Article Here – As an epicenter of the nation’s worst housing bust in recent history, California remains an important bellwether for the housing market recovery. So when news that foreclosure starts in the beleaguered state plummeted to an 87-month low in January, industry watchers took notice.

Notices of default in the state dropped 62 percent from December 2012, and 75 percent from January 2012, according to RealtyTrac’s January U.S. Foreclosure Market Report, the biggest single-month drop in California NODs since RealtyTrac began issuing its foreclosure report in 2005.

Could California’s battered housing market finally be pulling out of its long and painful decline? As with all news that seems “almost too good to be true,” it probably is.

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Former Seattle Sonic Robert Swift Goes Into Foreclosure

Posted on February 27, 2013 by IC N in Latest Real Estate News

media.komonews.comSEATTLE — Former Seattle Sonic Robert Swift made a reported $20 million during his NBA career, but things haven’t gone as well for the first-round draft pick in recent years.

Swift lost his home to foreclosure, but apparently refuses to leave.

“And it seems like a very sad story and I definitely feel for him,” said the new owner, who wanted to hide her identity.

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High Stakes Game of Billiards Being Played Between MERS and Government Officials

Posted on February 27, 2013 by IC N in Latest Real Estate News

In the high stakes game of billiards being played between the Mortgage Electronic Registration Systems (MERS) and government officials, the automated mortgage registry continues to run the table against its opponents in court as more judges deny plaintiffs’ causes of action for a litany of reasons.

 

At the end of the day, the common relief sought by state and county governments going after MERS is one thing …MONEY! Money they feel has been more or less stolen from their coffers through MERS circumventing the prescribed system for recording the transfer of real property. And the courts, more often than not, are simply not buying into those arguments.

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40 year veteran of Real Estate, and columnist who has been covering nationally the housing market.

Posted on February 10, 2013 by IC N in Latest Real Estate News

WASHINGTON (MarketWatch.com)—Question: I’ve just come back from Afghanistan. I’m one of the wounded vets you don’t hear too much about. The media is full of stories about my fellow soldiers who have been killed, but those like me, now confined to a wheelchair for the rest of my life, seem to be forgotten. The reason […]

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Long Beachers Get Help From a Wantagh Real Estate Broker

Posted on February 10, 2013 by IC N in Latest Real Estate News

Bryan Murphy, a real estate broker from Wantagh is well aware about the power social media has during crisis. He also put this knowledge into good use after Hurrican Sandy left Long Beach devastated. Mruphy, who is a resident in Long Beach but also has an associate brokers license in Wantagh with RE/MAX Innovation, created […]

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Will Home Price’s Every Recover From Hurricane Sandy?

Posted on February 10, 2013 by IC N in Latest Real Estate News

It’s hard to believe that real estate market in places that were devastated by hurricane Sandy could ever come back as strong as it was before. For example, Seaside Heights in New Jersey is located on a barrier island and was directly hit by Sandy. Over 80 percent of all the properties there were severely […]

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