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RISMEDIA, June 12, 2009-(MCT)-Scrambling to stay current with his mortgage, Craig Vale feared he was surely headed into foreclosurethis year. Then the unemployed print-shop-equipment operator heard about a new program for financially troubled homeowners.
Last week, Vale, 59, and his wife, Bobbie, cleared the final hurdle to a “trial loan modification” that will cut their interest …


Purchase Applications Remain Steady, Refinance Applications Continue to Fall


RISMEDIA, June 11, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending June 5, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 611.0, a decrease of 7.2% on a seasonally adjusted basis from 658.7 one week earlier. On an unadjusted basis, the …


Prudential Florida Real Estate Services, Rei Mesa Launches Consumer Confidence Stimulus Package


RISMEDIA, June 11, 2009-Rei Mesa, president and chief operating officer, Prudential Florida Real Estate Services recently completed his road tour themed the “Energy Bus” Road Tour for Success. The tour served as the introduction of Prudential Florida Real Estate Services Consumer Confidence “Stimulus Package,” which includes the “Homebuyer Price Guarantee” and the “Homebuyer Employment Guarantee”.
“There …


Fridays Featured Listing – The New Price of Hollywood, Reduced Prices


RISMEDIA, June 12, 2009-The silver lining of today’s economic climate is that home prices have returned to levels consumers thoughtthey’d never see again. Even some of the country’s most recognized and iconic locations are not immune to this new market reality. Evidence of this has been seen in Hollywood, California, where prices have adjusted to …


U.S. Foreclosure Activity Decreases 6% in May


RISMEDIA, June 11, 2009-RealtyTrac, one of the leading online marketplaces for foreclosure properties, released its May 2009 U.S. Foreclosure Market ReportTM, which shows foreclosure filings-default notices, scheduled auctions and bank repossessions-were reported on 321,480 U.S. properties during the month, a decrease of 6% from the previous month but an increase of nearly 18% from April …

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