Monday, April 18, 2011

6 real estate headlines: 18-April

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Why mortgage puts homebuyer at disadvantage
Market Watch
: For home buyers who need to finance their purchase using a mortgage, a cash buyer can be their worst enemy. That's because when a buyer makes a cash offer, the seller knows it's a solid deal � and that financing hiccups won't delay a closing.
Unexpected uptick encourages home sellers
: Home sales are picking up this year, say Maryland real estate agents, but they remain cautious about calling the trend a turning point in a market that's generally been moribund since before the Great Recession.
Mortgage mess: Who really owns your mortgage?
CBS News
: As Scott Pelley reports on "60 Minutes" this week, that question has become a nightmare for many homeowners since the invention of mortgage-backed securities. And there still causing problems.
Public acceptance developers' biggest challenge
Washington Examiner
: Local opposition to new suburban development is practically a given in most developers' minds, particularly when it involves large-scale projects.

New bill for short sales
: If passed into law, the Prompt Decision for Qualification of Short Sale Act of 2011, would "require the lender or servicer of a home mortgage, upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale."

MD gets $40M in foreclosure aid for unemployed
Baltimore Sun
: Borrowers could receive as much as $50,000 in interest-free loans to pay off past-due amounts and to make up to two years of payments.

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