I heard recently from a reader who said the bank she had a mortgage with wanted her to continue to pay off part of the loan even after she sold her house for less than what she owed—a process known as a short sale.
Banks have always been able to pursue deficiency judgments against borrowers who [...]
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Banks Are Forcing Homeowners to Keep Paying After Short Sales
$299000 MLS® 16665 Powerline
09-3013 (Southwest Redding - Redding, California, US)
Details
Great Home in Grant School District almost 2 acres. Country and only 3 miles from downtown Redding. Fenced for animals with water. Newer Windows. Living room and Family room. Some new inside paint. Large kitchen with slider to deck . Deck off of Living room and deck off of [...]
$124000 MLS® 4578 Hardwood Blvd
09-4094 (Northwest Redding - Redding, California, US)
Details
A Gorgeous Home! A 1680 sqft Fleetwood top of the line mobile! 3 full bedrooms and a full length deck. Plush carpeting and finished walls. 30 year roof with 17 years to go. This is a must see home. Call for an appointment today! This is a 55+ park. [...]
$329000 MLS® 4891 Alta Saga Dr
09-4407 (Southeast Redding - Redding, California, US)
Details
Owner says make an offer on this high quality custom home and she will CARRY THE FINANCING.Large lot with RV access & an extra deep garage with HVAC.Home has gas fireplace,corian counters,tile roof.Home has been tenderly cared for and extensively upgraded.You will love the enclosed patio,the fruit orchard,rose garden,& [...]
$329000 MLS® 4891 Alta Saga Dr
09-4407 (Southeast Redding - Redding, California, US)
Details
Owner says make an offer on this high quality custom home and she will CARRY THE FINANCING.Large lot with RV access & an extra deep garage with HVAC.Home has gas fireplace,corian counters,tile roof.Home has been tenderly cared for and extensively upgraded.You will love the enclosed patio,the fruit orchard,rose garden,& [...]
$329000 MLS® 4891 Alta Saga Dr
09-4407 (Southeast Redding - Redding, California, US)
Details
Owner says make an offer on this high quality custom home and she will CARRY THE FINANCING.Large lot with RV access & an extra deep garage with HVAC.Home has gas fireplace,corian counters,tile roof.Home has been tenderly cared for and extensively upgraded.You will love the enclosed patio,the fruit orchard,rose garden,& [...]
Debate Rages about Real Estate’s Future
Such prominent analysts as Meredith Whitney are raising alarms about the prospect of a deepening slump despite recent signs of improvement in home sales, prices, construction, and inventory levels.
Just as optimists see signs of life in the market, it’s just as easy to point to the danger signs.
As my colleague Chris Palmeri wrote yesterday, even [...]
Housing Starts Up, But Look Behind the Numbers
The housing news continues to be mixed. The Commerce Dept. released its monthly numbers on new housing starts, showing an increase of 1.5% to 598,000 units, the highest level in nine months. Builder KB Home announced it was re-entering the Mid-Atlantic region, which it had left in 2007.
Peel behind the numbers, however. Single-family homes, [...]
Housing Starts Up, But Look Behind the Numbers
The housing news continues to be mixed. The Commerce Dept. released its monthly numbers on new housing starts, showing an increase of 1.5% to 598,000 units, the highest level in nine months. Builder KB Home announced it was re-entering the Mid-Atlantic region, which it had left in 2007.
Peel behind the numbers, however. Single-family homes, [...]
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