May 2008 - Posts

Consequences for 'Walk-Away' Borrowers
28 May 08 12:18 PM | Christie Giannetto | 0 Comments   

The government and the lending industry are taking aim at “walk-away” home owners who stop making payments and months later send the house keys back to their lender. Such borrowers will not be able to get another mortgage through Fannie Mae Read More...

Home Sales, Prices Seen Rising in Late '08
16 May 08 05:43 PM | Christie Giannetto | 0 Comments   

Daily Real Estate News | May 16, 2008 Home Sales, Prices Seen Rising in Late '08 First, the good news: home sales have stabilized over the last seven months and should increase slightly in the second half of 2008, NAR Chief Economist Lawrence Yun Read More...