Tag: va

Prices Will Continue to Fall in 2012

The media keeps telling everyone that the worst is almost over. On August 15, 2011, I wrote about another Double-Dip Underway. Another one is coming. In the second quarter of 2011, single-family home prices fell 5.9 percent on an annual…

624-Day Foreclosure Timeline

How long is the foreclosure process taking?? Say one stops making payments on their mortgage, does it take 6 months to be foreclosed on? No, it is now taking up to 624 days. That 624-day foreclosure timeline is the national…

BPO – Broker Price Opinion Demand

The housing industry relies on about 10 million broker price opinions (BPOs) each year, according to Franklin E. Rodebaugh, principal broker and president of American Wholesale Properties, Inc. “BPOs are not going to go away,” Rodebaugh said during a panel…