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[11 Oct 2010 | 8 Comments | 5,605 views]
Bank of America puts a stop to foreclosures

Well, here’s some news — Bank of America has put a stop to foreclosures until it can review the adequacy of documents it has filed in court.
In a vague statement Bank of America released Friday, the company said it was going to review foreclosure documents it has filed in every state in the U.S. That’s quite a statement when one considers that Bank of America holds about one in every five mortgages in the nation.
It’s an even more significant statement when one considers that RealtyTrac reported that one out of …

Business, News, Real Estate »

[3 Aug 2010 | 2 Comments | 1,379 views]
Central Arkansas homes sales down in June; NAR warns of decline

Central Arkansas sales in June dropped 7.6 percent compared to a year ago but are still up for the year.
According to statistics from Cooperative Arkansas Realtors MLS (CARMLS) in Little Rock, there were 766 sales in June in Faulkner, Grant, Lonoke, Perry, Pulaski and Saline counties – down from 829 sales in the same month a year ago. The average sales price in central Arkansas in June was $172,426 – up 1.26 percent from $170,283 sales in the same month last year.
Through June, there were 4,276 homes sold in central …