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REO Properties Are Moving Faster: Survey

Homebuyer demand appears to be intensifying, especially among lower-priced REO properties, according to an industry study released Tuesday. Time-on-market for move-in ready REO was just 10.1 weeks in November, the lowest in 15 months, according to the HousingPulse survey. Time-on-market for damaged REO was even lower at 9.0 weeks, also the lowest in 15 months. The HousingPulse survey polls approximately 2,500 real estate agents nationwide each month to assess market trends surrounding homes sales.  Read More

Housing Answer: Principal Reduction?

Some experts say the housing answer is not just lowering interest rates but also actually reducing principal. In other words, these experts are encouraging banks to write down the principal and interest rates to current market value, which according to some experts would save homeowners $71 billion each year.  Read More

Real Estate Investors: Understanding Your Bankruptcy Options

Real estate investors must be aware of the opportunities available through the Bankruptcy Code. Navigating this complex discipline depends on wise counsel and effective representation. To keep this ship afloat - to enable investors and companies to reach a more ideal destination - requires a thorough understanding of the obstacles (and opportunities) that define our current economy.  Read More

Edgewater FL drops requirement for landlords to pay tenant's water bills

EDGEWATER, FL -- It will now be up to the water users to pay for what they use.

After years of requiring property owners to provide water to tenants living in their properties, the City Council on Monday instructed staff to change its policy on who pays for that water.

"We are placing the responsibility on the responsible parties," said Councilman Justin Kennedy, who lead the charge for change.  Read More

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