The Voice for Real Estate 21: Home Sales Surge

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Week of April 27, 2015: The spring selling season gets off to a sunny start in March with the sale pace reaching an 18-month high. Also, NAR President Chris Polychron urges the Senate Banking…
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HUD Announces Changes to Distressed Asset Stabilization Program

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WASHINGTON – Today, HUD announced significant changes to its Distressed Asset Stabilization Program (DASP). In an effort to better serve homeowners looking to avoid foreclosure, loan servicers will now be required to delay foreclosure for a year and to evaluate all borrowers for the Home Affordable Modification Program (HAMP) or a similar loss mitigation program. HUD is making additional improvements to the Neighborhood Stabilization Outcome (NSO) sales portion of DASP which are aimed at increasing non-profit participation. Updates include giving non-profits a first look at vacant properties, allowing purchasers to re-sell notes to non-profits, and offering a non-profit only pool.

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NYU Wins HUD’s Student Design, Planning Competition

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WASHINGTON – The U.S. Department of Housing and Urban Development announced a graduate student team from New York University (NYU) the winners of HUD’s second annual Innovation in Affordable Housing Student Design and Planning Competition. The NYU team developed a plan for the redevelopment of a senior affordable housing high-rise in Houma, Louisiana. HUD also announced a team from UCLA as the runner up.

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