Short Sale Fundamentals

Featured Post

20
Aug

Who Takes Credit for your Success?

The economy is looking up and it’s time for everyone to start taking the credit. There’s not that much credit to go around so it’s a bit of a chest bumping session but that’s typical for most of the financial industry. Some of the big players: Fannie Mae – they like to talk about how...

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18
Aug

When is the Right Place also the Right Time to Invest?

We’re all expecting good things to be just around the corner. I mean, why not? The economy got about as bad as it could get and now things should be coming up from rock bottom. So where’s the question? Where’s the uncertainty? According to Freddie Mac, if you can believe them, all signs point to...

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14
Aug

Foreclosures Up in July

More foreclosures in July – that’s the most critical piece of news being reported for the summer. Total foreclosures are down from this time last year, nearly 16%, but they’re up from June by 2%. This includes many types of foreclosure activity like default notices, auctions, and repos. But it’s a pretty damning piece of...

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14
Aug

GSEs to Remain Unchanged

The voice of the people . . . is easy to ignore apparently. Despite an enormous outcry from the general population about the injustice perpetrated by the GSEs, Congress will apparently not be making any changes in policy. That’s just shocking, if this latest rumor is true. You’d think it would be clear to almost...

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13
Aug

Housing Recovery Stalls and Doesn’t

Another interesting way to measure the success of the housing recovery is to see how many markets have returned to normal. If we see a rise in the number of “back to normal” cities that means, apparently, that the recovery is progressing. Now let’s see if that theory holds up. The number of back to...

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11
Aug

$659 Million in Freddie Mac Debt

Sometimes things just don’t go as planned. Freddie Mac and Fannie Mae both thought they could make a losing situation work for them. And hey, no blame on them for trying, but let’s face it, sometimes things just aren’t meant to be. The latest example of that comes from Freddie Mac selling off $659 million...

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08
Aug

Loan Fraud Takes TARP for $21 Million

We all know (though some of may not care to admit it) that the banks and Wall Street weren’t solely responsible for causing the financial crisis. Though they take the lion’s share of the blame many other people, both public and private, contributed to the downfall. Take the case in Kansas. A man just pleaded...

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06
Aug

Foreclosures Not Where You Think

ForeclosuresThis is actually a statistic that makes my day. Out of all the foreclosures in the entire country, almost a three quarters of them are in judicial states. That’s a mighty fine number considering that they represent only 42% of active mortgages. What this means is really simple. The system is working. You can see...

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01
Aug

Handling the Stress of Moving

One of the most stressful things a person can go through is moving. Moving houses, moving jobs, moving finances – any change is going to be stressful. But not all stress is bad. It’s just a question of how you handle it. For example, taking your stress out on your family by yelling and losing...

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28
Jul
Justice Department on Trial in Bank Settlements

Justice Department on Trial in Bank Settlements

I thought it was kind of cool that the big banks were owning up to their wrongdoings that caused the financial crisis. Honestly, I wasn’t thrilled that they were able to buy themselves out of trouble so cheaply, but hey, at least justice was served, right? But some people aren’t nearly as impressed. The House...

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