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- Jumbo And Super-Jumbo Mortgages : Rates Are Low And Guidelines LoosePosted on December 8, 2011
- FHA Loan Limits Raised To $729,750; Conventional To Remain At $625,500Posted on November 21, 2011
- HARP Program : The Complete HARP II Eligibility RequirementsPosted on November 16, 2011
- The FHA Streamline Refinance : The Complete Mortgage Guidelines (Plus Mortgage Rates)Posted on November 7, 2011
- The Complete USDA / Rural Housing Mortgage GuidelinesPosted on August 29, 2011
- Dan Green. NMLS #227607. Illinois Residential Mortgage Licensee, 031.0005658. Ohio Residential Mortgage Licensee LO.034597.000, 10979 Reed Hartman Hwy, Suite 118A Cincinnati, OH 45242. This is not a commitment to lend. All rights reserved. Waterstone Mortgage Corp. (NMLS #186434) is a wholly owned subsidiary of WaterStone Bank SSB. (NASDAQ: WSBF). State of Ohio licensee exempt.
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Posts discussing Bank-Owned Homes

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23Dec2010

Author

Dan Green

Filed Under

Foreclosures Selling At 15% Discount But Inventory Is Thinning Out Thumbnail

Foreclosures Selling At 15% Discount But Inventory Is Thinning Out

For the first time since February 2009, the monthly foreclosure filings retreated below 300,000. The pace of foreclosures is slowing nationwide. Or is it?

19Oct2010

Author

Dan Green

Filed Under

September 2010 : Foreclosures Sold At 26 Percent Discount Thumbnail

September 2010 : Foreclosures Sold At 26 Percent Discount

The average sale price on a home in some stage of foreclosure was 26 percent lower last month than homes *not* in some stage of foreclosure.

20Sep2010

Author

Dan Green

Filed Under

How Banks Are Making It Harder To Get A Foreclosure “Steal” Thumbnail

How Banks Are Making It Harder To Get A Foreclosure “Steal”

NAR says home buyers get a "distressed home discount" of roughly 15 percent. Banks are working to reduce that number.

16Jul2010

Author

Dan Green

Filed Under

The 80/20 Rule No Longer Applies To REO and Foreclosures Thumbnail

The 80/20 Rule No Longer Applies To REO and Foreclosures

The 80/20 Rule no longer holds true with respect to foreclosures. In Q2 2010, the 10 most foreclosure-heavy states now account for just 70 percent of foreclosures. That's a big drop for a 12-month period. Based on RealtyTrac data, foreclosures haven't been this un-concentrated since 2007.

11Jun2010

Author

Dan Green

Filed Under

Finding Foreclosure Deals : Bank Repossessions Reach An All-Time High Thumbnail

Finding Foreclosure Deals : Bank Repossessions Reach An All-Time High

The National Association of Realtors® says the typical "distressed home discount" ranges near 15 percent. Buying foreclosed homes can be an excellent value if you find REO in livable condition.