Rose Pagonis's (homesales1) Blog

S&P: $460B Shadow Inventory Will Take 41 Months to Clear   It’s no secret that the volume of distressed residential properties is weighing heavy on U.S. housing markets and prolonging any meaningful recovery. Of even greater concern is the industry’s growing backlog of homes that need to be liqu...

  In an effort to help homeowners who owe more on their homes than they're currently worth, the government will initiate its "short refinance" program on Tuesday, September 7, 2010. According to an August 6 Mortgagee Letter released by HUD (click here to download the entire letter), the program w...