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Recent Posts
- Our 150th Post: Ohio Supreme Court Holds Appeal of Planning Commission Order by Service of Summons by Clerk of the Courts on Administrative Agency Along with Notice of Appeal within Statutory Timeframe is Sufficient
- Federal Reserve chief has one recipe for housing market
- Distressed Property Sales Drop, Despite Push to Sell
- American home equity cut by one-third
- More lawmakers join major push to reduce QRM down payment
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Author Archives: sikoralaw
Our 150th Post: Ohio Supreme Court Holds Appeal of Planning Commission Order by Service of Summons by Clerk of the Courts on Administrative Agency Along with Notice of Appeal within Statutory Timeframe is Sufficient
In a proceeding where a development company and property owners sought to develop a subdivision of single-family homes in two phases (I and II), the applicant appealed the denial of a preliminary plat for Phase I and a conditional acceptance … Continue reading
Federal Reserve chief has one recipe for housing market
Federal Reserve Chairman Ben Bernanke has a recipe for helping the housing market: Modify more loans and speed up foreclosures to get rid of a glut of distressed properties clogging the system. Still, even that approach may be slow going, with … Continue reading
Distressed Property Sales Drop, Despite Push to Sell
“Realtors and mortgage loan officers nationwide are driving mid-to-high end organic, short and distressed sales on the fear that buyers will be unable to qualify for loans once the QRM (Qualified Residential Mortgage) rules are in place requiring 20 percent … Continue reading
American home equity cut by one-third
The head of global securitized products research at Citi Global Markets said that home equity held by American households is down from 60% to 39%. Mary Kane, speaking at an American Securitization Forum session about consumer trends and the state of the housing market, … Continue reading
More lawmakers join major push to reduce QRM down payment
More lawmakers in the House of Representatives signed a second letter Friday requesting federal regulators to lower the 20% down payment on the qualified residential mortgage. More than 150 lawmakers signed the original letter sent to regulators in May. However, … Continue reading
Housing Starts Increase, While Jobless Claims Slip
Unemployment benefit applications fell to a seasonally adjusted 414,000,the Labor Department said on Thursday. It was the second drop in three weeks and a positive sign that layoffs are slowing. Still, applications have been above 400,000 for 10 consecutive weeks, evidence … Continue reading
This housing crisis is NOT the Great Depression
The subject line of one email HousingWire received Tuesday from the Toronto-based firm read: “US Housing Market Monthly – Worse than the Great Depression.” Coverage on CNBC, later aggregated by the Drudge Report, stated “the housing crisis that began in … Continue reading
The 10 most affordable U.S. home markets
The Home Listing Report considers average listing prices of four-bedroom, two-bathroom homes on ColdwellBanker.com. The report looked at 2,300 markets in North America, analyzing properties listed between September 2010 and March 2011. Some of the most affordable markets in the … Continue reading
Courts may reshape mortgage industry
A New York appellate court ruled last week that a Reston-based company that electronically tracks and transfers millions of mortgages did not have the right to foreclosure on a property or assign a mortgage it doesn’t actually own. The decision … Continue reading
Is it Possible to Take My Foreclosure “Off the Record”
I recently read a blog article about whether or not it is possible to get a foreclosure of one’s record. The blogger gave some great insight to this issue. Foreclosures can be a tricky item to deal with. It truly depends on … Continue reading
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