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RISMEDIA, September 3, 2010—Following a sharp drop in the months immediately after the expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator, rose 5.2% to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1% below July 2009 when it was 98.1. The data…

RISMEDIA, August 11, 2010—Are you looking for new ways to use the Internet to get more listings and homes sales? Here are four free and low-cost Internet marketing tips to help you genrate more leads and closed transactions from the Internet.

1. Pay-per-click Advertising in Google, Yahoo! and Bing
Pay-per-click advertising has gotten a bad rap over the years, not because it doesn’t work, but because a large majority…

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into the facts behind doing a short sale on an FHA insured loan. We cover the positives, negatives and give you “hidden” tips and tricks when discounting these properties. Listen in as we also cover the how to “escalate” an FHA insured file so you can speak directly to HUD’s national office, one of the only remaining…

RISMEDIA, August 13, 2010—The real estate trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home sales driven by the home buyer tax credit, according to the latest survey by the National Association of Realtors. In the second quarter, 100 out of 155 metropolitan statistical areas (MSAs) had higher median existing single-family home prices…

RISMEDIA, August 5, 2010—Pending home sales edged down with near-term sales expected to be notably lower in contrast to the spring surge when buyers rushed to take advantage of the home buyer tax credit, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, declined 2.6% to 75.7 based on contracts signed in June 2010 from an upwardly revised level of 77.7 in May, and…

The luxury neighborhoods are fastly becoming the ‘other side of the tracks’.   It’s fact, the fastest growing sector of distressed properties in the U.S. is the luxury market. CoreLogic and the New York Times recently reported together that more than one in seven homeowners with loans in excess of a million dollars are now seriously delinquent.

When you drive down the street of luxury neighborhoods, know that the same economic…

RISMEDIA, July 6, 2010—Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator, dropped 30% to 77.6 based on contracts signed in May 2010 from a reading of 110.9 in April, and is 15.9% below May 2009…

During the housing “boom” a default borrower would get a short-sale approval 90% of the time as long as they qualified and the purchase amount met the lenders minimum net requirements.  Now, that number has been cut in half. Why?

Primary lenders are back-logged and desperate to NOT foreclose.  As a result, junior position lien holders, especially holders of home equity lines of credit (HELOC) are playing hard-ball.

Secondary lenders…