Roseville

Posted: 03 Aug 2010 12:47 PM PDT CDPE website… Yes, verifiably, according to researchers in a recent working paper, “Forced Sales and House Prices”. An MIT economist and two Harvard researchers analyzed 1.8 million home sales in Massachusetts (1987 to 2009), finding that “foreclosure reduces the value of a house by 27 percent, on average.” » Read more  

We experienced a serge in home sales in the months of April due to the first time home buyer tax credit. The reality ofwhat the true housing market starts from here on out. There are not any more incentives to buy a home in Shoreview or anywhere else…just the same old benefits of home ownership. » Read more  

It didn’t take an official statement from Freddie Mac’s CEO to convince CDPEs — the agents helping distressed homeowners on a daily basis — that short sales have increased dramatically across the country. However, the number was still impressive and makes a big statement on a movement within the real estate industry to provide real » Read more  

Strategic defaults are anything but strategic for distressed homeowners today. The Distressed Property Institute and CEO Alex Charfen, author of the CDPE, have stood against this practice from the very beginning. Now Fannie Mae has intensified penalties for those who “strategically default” on their mortgages, stating: “… defaulting borrowers who walk away and had the » Read more  

The HAFA program takes effect on April 5th, 2010. The program is for struggling home owners to make it easier for them to sell their homes as a short sale, rather than falling into foreclosure. The HAFA program: Property must be their principal residence and bought before January 1st, 2009. Current Unpaid mortgage balance is less » Read more