Real Estate News – December 22, 2012

A $7.6 billion federal program to help prevent foreclosures is still struggling to get money out to homeowners more than two years after the money went to states (via

A housing barometer that weighs three key indicators — construction starts, existing home sales and delinquencies and foreclosures — is now 51 percent back toward what is considered a healthy market (via

Fiscal Cliff and the Housing Market: What Will Happen With My Rent or Mortgage if We Fall Off the Cliff (via

The U.S. housing market continues to show some signs of recovery as the quality of first-lien mortgages improved in the third quarter from a year earlier, but data suggests that some homeowners are still struggling to afford their monthly payments, according to a new government report (via

Builders’ optimism over the direction of the housing market continues to grow, but the “fiscal cliff” has many in the industry concerned (via REALTORMag):

Family has $91,500 waived after Bank of America foreclosure nightmare lasted years (via


Posted in Blog, Real Estate Law