Real Estate News Today 5-8-2012

08 May

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Today’s news that may be of interest to you:

Potential Free Foreclosure Review for Homeowners In any Stage of the Foreclosure Process in 2009-2010
Ted C. Jones Blog | May 7, 2012
Homeowners that were in any stage of the foreclosure process in 2009 and 2010 and that were a customer of one of 27 mortgage servicers may qualify for a free foreclosure review that may in some circumstances lead to compensation.

Bank of America Starts Mortgage Reduction Effort
The New York Times | May 7, 2012
Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each.

Fannie Mae: Homebuyers Feel More Positive About Home Prices
HousingWire | May 7, 2012
Despite bad news on the jobs front Friday, more Americans believe home prices and opportunities for buyers and sellers will increase over the next 12 months, Fannie Mae said Monday.

Survey: Oklahoma City Tops for Small Business
The Wall Street Journal | May 7, 2012
Local small-business owners give San Francisco and New York failing grades for burdensome regulations on start-ups.

Homebuilders excluded from Fortune 500 party
HousingWire | May 7, 2012
Fortune magazine’s 2012 list of the nation’s 500 largest corporations is missing an industry that only five years ago placed 11 companies on it: Homebuilders.

Affordability, Inventory Improve, Still Shy of Full Recovery
The | May 7, 2012
The U.S. housing market continues to trudge down the slow, bumpy road to recovery with a few positive indicators lighting the way. However, a full recovery continues to linger listlessly on the horizon.

Ed Kushins’ home exchange firm began as a hobby
Los Angeles Times | April 29, 2012 is one of the nation’s largest members-only home exchange businesses. It helps people reach agreements to swap homes for vacations or business trips.

Facebook Users Reveal Too Much, Consumer Report Says
REALTORMag | May 7, 2012
Are Facebook’s 150 million American users revealing too much — and are you one of them? (There were some things in here I didn’t know!  For example, Facebook is tracking some of your internet use? ~Anthony)

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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA 99201
Telephone: 509.328.7171
Direct Line: 509.321.3939
Direct Fax: 866.652.8834

Please remember to choose Stewart Title of Spokane on your next transaction!


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