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Lauren Schenke

Your Partner in Real Estate

Month

April 2012

Obama Administration Releases March Housing Scorecard

The housing scorecard is always an interesting metric for nationwide housing statistics. Nationwide, home prices have stabilized and future trends are expected to increase slowly over the next few years. Distressed sales are down and the number of foreclosures have been decreasing overall since 2009. For some interesting reading, check out the scorecard for the month of March!

http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-068

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La Riviera Condo Listing – 2 Bed / 1.5 Bath for only $89,000!! What a Steal!

Beautiful updated condo close to freeway, Sac State & downtown Sacramento. Updated throughout including new kitchen with granite counters & new appliances. Updated bathrooms, new dual pane windows, new flooring, light fixtures plus window coverings. Great first time buyer condo or investment property.

Faster Bank of America Short Sales? Yes Please!

I just read an article about how Bank of America is putting into works methods to streamline and speed up their short sale process. My response – awesome! My reality – doubtful. A while back, the government challenged the banks to the HAFA short sale which had the intention of speeding up the response time to 45 days. Reality was that nothing much changed and short sales were still horribly long.

If this does actually work, this is great news for buyers and sellers. It’s great news for sellers because they won’t have months and months of the negative impact to your credit score as the bank sits on the short sale application. It’s even better for buyers because they’ll be able to move into the homes they want to be in even quicker than they are now!

We’ll have to wait and see – I’ll keep you posted!

Read the article on Inman News for more information.

http://www.inman.com/news/2012/04/10/bank-america-streamlining-short-sale-procedures

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