St Paul Foreclosed home sales hit 5-yr low

pdSt Paul, MN:  Sales of bank owned foreclosed homes dropped to a 5-year low according to figures compiled by RealtyTrac, Inc.

This is clear evidence, that while not over, the nation’s foreclosure woes are easing and the housing market recovery is gaining momentum.

Sales of bank owned homes in the January – March 2013 quarter fell 16% from the previous quarter, and were down 23% from the same quarter in 2012.  The last time bank owned sales were lower was the first quarter of 2008, at the beginning of the whole housing mess.


FHA extends foreclosure rules for the unemployed

FHA has announced they will allow unemployed homeowners up to one years time before they start foreclosure. Up to one year forebearance is now allowed. Learn more – watch the video!