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Loan Modification

: Mortgage Lender Implode-o-Meter

Survey Says Foreclosure Mess Prompts Homebuyers to Avoid REOs and Distressed Properties

By Implode-Explode Heavy Industries

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"The ongoing controversy surrounding foreclosures is taking its toll on the housing market as a significant share of home shoppers refused to even look at distressed properties in October, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. Meanwhile, both the share of home purchases involving distressed properties and average prices for foreclosed properties fell last month, the survey found."

Full post as published by Mortgage Lender Implode-o-Meter on November 22, 2010 (boomark / email).

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