Thursday, May 19, 2011

Financing Foreclosed Homes - Mortgages - NYTimes.com

Financing Foreclosed Homes - Mortgages - NYTimes.com: "FORECLOSED homes don’t show very well — financially strained borrowers may ignore maintenance; lenders turn off the water and power to cut the cost of letting the place sit. A poor appearance can complicate financing, but it doesn’t prevent sales."

Existing-Home Sales in U.S. Unexpectedly Fall - Bloomberg

Existing-Home Sales in U.S. Unexpectedly Fall - Bloomberg: "Sales of existing U.S. homes unexpectedly declined in April, indicating the industry is struggling to gain traction as the economy expands."