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RISMEDIA, October 15, 2010—(MCT)—Ken and Linda Bolsch put their five-bedroom, five-year-old Mahwah, N.J., colonial on the market in January, sure that buyers would appreciate its low taxes, wooded lot, and impeccable decor and landscaping. But after nine months—and a price cut from 5,000 to 9,000—the house is still on the market, with the couple looking at a substantial loss at that price. “We fell in love with the house from the moment we saw it, and we don’t know why …

How Will The Bank of America FORECLOSURE FREEZE Affect the Real Estate Market in the Coming Months?

We WANT Your Opinion!

RISMEDIA, October 6, 2010—(CBS MoneyWatch)—On Friday, Bank of America announced that it would suspend foreclosures in 23 states while it amended filed paperwork. That makes B of A the third major bank in two weeks to put its foreclosure process in limbo. Two days earlier J.P. Morgan Chase announced it would freeze foreclosures on more than 50,000 homes currently in receipt of a foreclosure filing. Last week, Ally Financial Inc. (the former GMAC Mortgage) also froze foreclosures.

All three banks …

RISMEDIA, October 9, 2010–”Our definition of market domination is ‘the art of creating a controlling influence in a targeted marketplace,’” says Steve Hundley, CEO of 1parkplace, Inc., a technology provider to the real estate industry. “This means that market domination revolves around connecting with your community. It is much more than fancy technology or your picture on shopping carriages. It means you have to have a plan to create a controlling influence with the right information introduced at the right …

That’s a direct quote from National Association of Home Builders Chief Economist David Crowe.

He further explained, “Builders report that the two leading obstacles to new-home sales right now are consumer reluctance in the face of the poor job market and the large number of foreclosed properties for sale. However, we do expect that moderate improvement in the job market will help boost consumer confidence and improve conditions for new-home sales in this year’s final quarter.”

We’re not seeing much …