OTNB Idea: Covering Stumped home sellers look to make a trade

MSNBC is reporting Stumped home sellers look to make a trade.
Still a small segment of the market. Here are some tips to find potential story subjects.

“We haven’t seen this happen on a very big scale,” says association spokeswoman Stephanie Singer. “It can be a very complex transaction, especially if you’re crossing state lines.”

It’s easier to locate a would-be swapper than to find one who has completed a deal, judging from the number of “permanent swap” listings on Craig’s List or swap facilitator sites such as GoSwap.org Online House Trading, Domuswap.com, or MK HomeSwap.

Sergei Naumov, founder of GoSwap.org, launched his international swap site from Florida in late 2006. As of December 2007, his site had 90 active listings; one year later, it boasted 3,000.

Administration unveils details of housing planThe Obama administration kicked off a new program Wednesday that’s designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans.

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