Real Estate and Mortgages
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Rescooped by Maya Swamy from California Real Estate Law
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Industry Increases Pace for Mods, Short Sales in May, Foreclosures Fall

Industry Increases Pace for Mods, Short Sales in May, Foreclosures Fall | Real Estate and Mortgages | Scoop.it
Servicers provided nearly 74,000 modifications for distressed homeowners in May, up from 70,000 in April, according to data from HOPE NOW, an alliance of mortgage servicers, investors, mortgage insurers, and nonprofit counselors.

Via Mark A. Mellor
Maya Swamy's insight:

This is good news for every one having problems with their mortgages now.  And we at Funds Available can help.


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Scooped by Maya Swamy
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Foreclosure Filings Hit Six-and-a-Half-Year Low in June

Foreclosure Filings Hit Six-and-a-Half-Year Low in June | Real Estate and Mortgages | Scoop.it
Foreclosure activity was sluggish in June, dipping 14 percent from May and falling 35 percent from a year ago, according to RealtyTrac’s most recent foreclosure report.
Maya Swamy's insight:

Another really good sign for the real estate market.  The economy has improved and home values will start going up again. And where housing leads the economy follows.

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