By J Phillip Faranda - Real Estate Transactions are Stressful, Then Add Foreclosure *POP*

I remember the conversation like it was yesterday, even though it was 1997 or 1998. The typically sweet, warm and cordial client and I were discussing our next move on a purchase offer, and I was advising them against what struck me as making a rash response. "Well if you don't agree, Phil," she said "Maybe we should just call the listing agent and deal with him directly." It was out of character for this person, over the top, out of the blue, and hostile. And it was also very temporary. Everything worked out fine, but it made me appreciate that the stress of a real estate transaction can bring out some serious passions in people. That's just how it has always been.

With immigrants and foreign business entities looking beyond the coasts, the opportunity to work with foreign buyers isn’t limited to certain markets or to practitioners who travel overseas. Here’s how to succeed.

U.S. 2011 Foreclosure Filings - Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings of default notices, scheduled auctions and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties.

Americans bought more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual rate of 315,000. That's less than half the 700,000 new homes that economists say should be sold to sustain a healthy housing market.

10 Most-Searched Real Estate Markets Online - Daily Real Estate News

Dec 2011 - Chicago continued to hold onto the No. 1 spot for most searched for real estate market at Realtor.com in November. What other markets did potential home buyers have their eyes on last month? Realtor.com releases its top search ranking from November based on 146 metro areas.

MLS Searches from Outside the Markets - Metropolitan areas that have experienced heavy price declines are among the most popular among visitors to real estate search site Trulia, according to a new report launched by the company today. Trulia intends the report to be a forward-looking indicator of future housing demand.

By Nick Timiraos - "Buy a Home and Get a Visa" The reeling housing market has come to this: To shore it up, two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S. The provision is part of a larger package of immigration measures, co-authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), designed to spur more foreign investment in the U.S.

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