The Mortgage Bankers Association was underwater on its loan for their 10 story headquarters building in Washington, D.C. Utilizing a short sale they sold the building for $41.3 million after paying $70 million in 2007.
Many of the members of the Mortgage Bankers Association are credited with the bad lending practices that brought on the current crisis.
4301 S. Silva Drive, Sierra Vista HUD reduced to $77,000.
4301 S. Silva Drive, Sierra Vista, Cochise County, AZ. HUD manufactured home with 5 bedrooms and 3 baths. Reduced from $138,600 to $77,000. For additional photos and information click on “Featured Properties” tab or
here.
Don Grafues
Resource: HUD
4th Street, Douglas HUD home now priced at $66,500
1304 E. 4
th Street, Douglas, Cochise County, AZ.
Site built home, 3 bed/2 bath with bonus room that could be a family room or 4
th bedroom. Reduced $9,500 to $66,500. For more photographs and property detail click on the "Featured Properties" tab or click
here.
Don Grafues
Resource: HUD
The Census Bureau released data on the number of vacant homes in the U.S. There were 2.09 million vacant homes at the end of Q3, 2009. This is up from 1.99 million at the end of the prior quarter.
Don Grafues
Resource: REALTOR.org
Interest rates were virtually unchanged last week compared to the prior week.
- 30 year fixed, 5.01 percent, up from 4.98.
- 15 year fixed, 4.40 percent from 4.39.
- 1 year adjustable, 4.22 percent from 4.29.
Don Grafues
Resource: REALTOR.org
1111 Hunt Ranch Trail, Huachuca City - now $56,700
Reduced $8,100, 1111 N. Hunt Ranch Trail, Huachuca City, Cochise County, AZ. HUD manufactured home atop a mesa with great views. For additional photos and information click on “Featured Properties” tab or
here.
Don Grafues
Resource: HUD
Home ownership is declining. From a high of 69 percent in 2004 the percentage of American home owners fell to 67.3 at the end of 2009. I would expect the percentage will continue to decline in 2010 as home owners who are underwater turn to renting.
Don Grafues
Resource: REALTOR.org
390 Danny Lane, Sierra Vista, AZ - now $45,000
Reduced $7,500, 390 Danny Lane, Sierra Vista, Cochise County, AZ. HUD manufactured home near Buffalo Soldier Trail and Fort Huachuca main gate. For additional photos and information click on “Featured Properties” tab or
here.
Don Grafues
Resource: HUD
Want to generate a fifth of the electrical energy you use in your home? And do it efficiently and economically?
Daily Dish / the Atlantic