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Appraisal,Loan Modification and Foreclosure Lawsuits Soar

Dennis Norman

A surge in litigation tied to real estate appraisals,loan modifications and foreclosures contributed to a 54 percent increase in mortgage-related lawsuits,according to the second quarter Mortgage Litigation Report from MortgageDaily.com.

During the second quarter,125 cases were tracked,jumping from an already active 81 first quarter cases. The second quarter of 2008 [...]

Incentives,Concessions,Tax Credits and Tax Abatements

In the current unstable real estate market,we hear reports from the National Association of Realtors and many economists that the real estate residential housing market is stabilizing. This is based on several factors including recent price increases in several metropolitan markets,an increase in pending contracts of sale,and increase in overall residential market [...]

Home Valuation Code of Conduct;HVCC –What it is and what it isn’t

Dennis Norman

By:Dennis Norman

Practically the entire real estate industry seems to be abuzz about the Home Valuation Code of Conduct (HVCC) that went into effect May 1st. I first wrote about it back in early April in a post on this blog.

Since Fannie Mae and Freddie Mac implemented the new rule [...]