Short Sale Fundamentals

Featured Post

21
Nov

10 Tips for Solid Negotiations

I want to share with you 10 important tips that will help you in life. Sometimes they’re a bit harsh but they’ll give just the edge you need to succeed: 1. Don’t be afraid to ask for what you want. 2. Shut up and listen. 3. Do your homework. 4. Always be willing to walk...

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19
Nov

Lowering Lending Requirements

There’s a big tension running through the markets of our fair country. It starts at the top and runs all the way down through the local governments and banks and directly into your pocket. It’s something that affects every homeowner and would be homeowner so you’d do well to pay attention. Federal housing agencies have...

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16
Nov

Job Hires Improve Urban Economies

The latest job numbers are sure to make some waves in the real estate market. It’s a pure fact that as unemployment numbers, whether up or down or East to West, shift the real estate investors sit up and take notice. So the most recent numbers are no exception. The number of job openings in...

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14
Nov

Experts Divided on Housing Recovery

A survey came out recently that provides a lot of interesting insights into the minds of “experts.” A panel of more than 100 of these experts were asked how long they think it will be until the housing market is back to normal. (I’ve read the report and I’m still not sure how they define...

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12
Nov

Wealthy to face new Taxes

Some major cities across America are considering some new taxes. That’s never a cheery thought but this time they’re aimed at one group in particular. High-end home buyers. The “ultra-rich” as you might call them could be facing higher property taxes on upscale homes. Cities like New York are considering a 4% tax on properties...

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10
Nov

Job Growth affects Housing Market

If your fundamentals are in order you stand a good chance of being successful. That’s a truism that has been proved many times over, especially in the real estate market. But when there are conflicting messages it’s not always so easy to know if you’re standing on solid ground or not. Here’s a good example....

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07
Nov

Foreclosure Injunctions Rising

Here’s a surprising stat that I was (half) shocked to see. According to a recent study by the Warren Group, the number of foreclosure petitions is on the rise. This is when a borrower requests an injunction to stop the foreclosure process. Now obviously it makes sense that people would want to stop the foreclosure....

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05
Nov

Top 5 Foreclosure States

I just read a funny statistic that’s really not all that surprising. But the way it was presented made me chuckle a bit. Here’s what I’m talking about. In October there were 553,000 foreclosures completed. Ok, so far so good. 44% of those came from just 5 states. The big five, you might call them,...

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03
Nov

$100 million Settlement for Late Notices

Sometimes unscrupulous business get what’s coming to them. The people whom they hurt – sometimes also get what they deserve. The latest story is a good example of this. Ocwen Financial, the largest non-bank mortgage servicer has been hit with a $100 million charge. Their crime – sending back-dated foreclosure notices to over 7,000 homeowners...

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30
Oct

BofA Settlement Held Up

As usual, once there’s money on the table everything that was once clear suddenly becomes a little confusing. It’s typical of people’s dealings with each other and especially true of Uncle Sam. The latest power struggle comes from the Bank of America settlement with the government over sales of bad mortgages. They agreed to pay...

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