Helpfulinvesting.com

…

If you have one of those magic watering-hole sticks it should be pointing and shaking at commercial real estate short sale opportunites.  If not, throw it away…it just ain’t workin’.  The latest numbers for CRE mortgage delinquencies are on the rise.  According to data from the Trepp report, 30+ days delinquent commercial loans more than doubled with a rise of 89 basis points to 7.61% last month.  That is the highest monthly increase since the summer of last year.

What’s …

The National Association of Realtors has unveiled their answer to the ailing real estate market by creating a short sale certification course. With over 48% of Americans needing a short sale if they were in a ‘must sell’ situation and with over one-third of transactions this year being ‘distressed’ property sales, there is a need for NAR to use their influence to simplify the short sale process. There is a need for knowledgeable and experienced agents to help sellers and …

Earlier this week Freddie Mac released the delinquency break-down with job loss as the number one reason for missed payments  among borrowers who had good credit.  In fact, 58% of borrowers who went delinquent last year blamed reduced income or unemployment.

For the rest of the delinquent borrowers, 16% said their payments were too high to bear, 11% pointed to illness or death, 5% blamed marital problems, 3% said the property was unable to sell, 2% due to job transfer, …