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A real estate agent works from the opposite perspective — trying to sell your home for as much as possible — and usually gets paid on commission based on the sale price.
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Court records show that Lisa Wu-Hartwell and Ed Hartwell borrowed $2.9 million to buy their suburban mansion in June 2007. Just over two years later, Bank of America paid $1.9 million for the house at a foreclosure sale at the Forsyth County, Georgia courthouse, after the Hartwells defaulted on their adjustable-rate mortgage from the bank.
Cyberhomes.com is a real estate information site that provides listing and foreclosure data, property evaluations and neighborhood analysis. The site is owned by Fidelity National Real Estate Solutions (FNRES), a division of Fidelity National Financial, Inc. [6] and was introduced to the public in November 2007.
Key takeaways. Foreclosure occurs when a homeowner stops paying their mortgage for an extended period — typically 120 days following the first missed payment.
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