Real Estate Today 9-11-2012

11 Sep

September 11 Retrospective
Seattle Post Intelligencer | September 11, 2012
(A photo series remembering September 11, 2001.  Where were you that awful day?  I had just bought my coffee in a local bagel shop in Corvallis, OR to meet with two friends who told me the news as soon as I sat down.  I’ll never forget it. ~Anthony)

Fraudulent appraisals fuel many mortgage repurchase demands
HousingWire | September 10, 2012
Audits by Quality Mortgage Service indicate that many demands by financial institutions that lenders buy back mortgages are based on fraudulent appraisal schemes in an attempt to increase the success of repurchase claims. (If found to be true, this is an incredible story. Every lender today sees the effect of mortgage buybacks on processing, underwriting, and loan approval. I am frankly surprised but I wonder: Are my lender readers surprised? ~Anthony)

10 tax tips for home sellers
Inman News | September 7, 2012
The IRS has recently issued a helpful list of 10 tax tips all homeowners should keep in mind when selling a home. (An easy to understand primer on issues for sellers to consider when selling a house. ~Anthony) 

Middle-income Workers on Brink of Another Decade of Wage Stagnation
The Washington Post | September 10, 2012
With high unemployment rate, there is little pressure on employers to raise wages, report says.

Smaller Banks Now Under Fire for Foreclosure Abuses
RealtorMag | September 10, 2012
After a landmark mortgage settlement against the nation’s largest banks earlier this year, the U.S. state attorneys general are now investigating smaller banks for alleged foreclosure mishandlings. 

Consumers Cautious on Housing Recovery: Fannie Mae
HousingWire | September 10, 2012
Respondents to the Fannie Mae National Housing Survey expect home prices to edge up in the next year a percent or more, as they increase their cautious view of the housing recovery while remaining skeptical of the overall national economy.

Low-Wage Earners Struggle to Attain Home Ownership
RealtorMag | September 10, 2012
A study shows that most of the new jobs created post-recession have been low-wage jobs, which doesn’t bode well for helping to lift the housing market. 

4 Real Estate Social Media Communities
EverythingPR | September 11, 2012
When it comes to real estate, interest is skyrocketing; between home owners, home buyers, home sellers and real estate professionals, the real estate market’s online presence is growing like no other. Whether you’re looking to connect with a real estate pro, meet other housing market

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Posted by on September 11, 2012 in Real Estate news


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