Lenders seized 36,964 U.S. homes in July, 31 percent fewer than a year earlier, reports RealtyTrac.
Home buyers once saw short sales as big bargains, but their appeal has fizzled in some parts of the country — so much so that some real estate professionals are advertising listings as "not a short sale" to attract more buyers.
Two women in Houston posing as a real estate agent and a home buyer conned sellers into leaving their homes for showings so the duo could rob their houses, according to police.
Topics: REALTOR® Safety
With fewer home owners refinancing their mortgages because of rising interest rates, banks may soon relax their lending standards to ramp up business, according to the Mortgage Bankers Association.
Topics: Mortgage Acts and Practices