| Oct 15, 2012 5:10PM For the last few months the National Association of Realtors® (NAR) has been making some general statements that tight inventories of existing homes are "in some locations" impacting home sales. Today the California Association of Realtors® (C.A.R.) confirmed that they are one of those locations. C.A.R. said that "A continued shortage of available homes for sale lowered California home Sales in September, while the median price reached the highest level in more than four years." Closed escrow... Oct 15, 2012 1:49PM HOPE NOW , the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, reported that its participants completed an estimated 75,968 permanent loan modifications during August. An additional 16,509 modifications were completed through the Home Affordable Modification Program (HAMP). So far this year 400,285 homeowners have received proprietary modifications and HOPE NOW has processed an additional 143,320 through HAMP. Short sales , which were...
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