The study goes on to find that the majority of homeowners in danger of foreclosure could afford to rent their current
house at a fair market price, which makes the proposed legislation viable.
Not exact matches
«It's
fair to say we are near the top of the
housing market in terms of
prices,» says Daren Blomquist, senior vice president
at ATTOM Data Solutions, a property data firm.
The firm arrived
at that figure using the
fair market rents set by the U.S. Department of
Housing and Urban Development for three - bedroom rental units and average sales
prices for three - bedroom
houses.
Besides providing you with a comparative
market analysis, an in - depth look
at house values, a rock star agent «knows the current condition of the
market and what is a
fair price,» says Phillia Kim Downs, a New York, NY, agent.
If you want to
price the
house several percentage points north of
fair market value, many agents will walk away for fear of taking on an overpriced listing that won't sell, or
at least won't sell during the time they're the listing agent.
BMO alleges that 14 «groups» of individuals either bought or optioned
houses at fair market value, then arranged for «straw buyers» to purchase them
at higher
prices through a BMO mortgage.