You know those banks that got bailed out last year? Of course you do. You remember, they took all your tax money and it seemed to disappear. Yeah, I...
I’m having a great weekend! I’ve been working INSANE hours for the last few weeks jetting around the country (remind me to tell you about losing my keys an...
You know, hearing stories about corruption come out of Washington used to get me really mad. I’d hear about all these people trying get rich using the most underhanded...
I woke up this morning and just about jumped out of bed. Okay, I actually did jump out of bed. And do you know why? Because this is the first...
Don’t expect housing prices to decline again any time soon, according to Barclays. They claim that the stabilization that has begun to creep in is here to stay. However, we...
Obama must have had too much to drink at last week’s power lunch about health care. Apparently, he’s still drunk! Just listen to the latest scheme he’s come up...
“History will be kind to me, for I intend to write it.” Winston Churchill I recently told you about Citibank’s new plan to allow delinquent borrowers to remain in their homes for...
Yes, short sales are definitely on the rise. This shouldn’t come as news to you, but the media and US gov’t are just catching on. Short sales accounted for...
Obama broke the bank this week, pledging $1.5b in aid to distressed homeowners. This money will go to help those unemployed and anywhere that housing prices have fallen 20%...
According to the latest report released by Freddie Mac (are they still in business??) over 95% of 4th quarter refinances last year were fixed-rate loans. This was true regardless...
This is something all of us need to keep a pulse on. http://news.yahoo.com/s/ap/20080624/ap_on_go_co/congress_housing Summary: The centerpiece of the package is a foreclosure rescue program in which the Federal Housing Administration would provide $300 billion in new, cheaper mortgages for distressed homeowners who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans. Borrowers would be...
Well I almost was ready to swing from the rafters! Then all of a sudden reality struck! It seems the 90 Day FHA Seasoning Lift for 1 Year only applies to properties acquired from foreclosure. That means it really doesn’t affect short sale properties. Download HUD Flipping Guidelines for 90 Day Seasoning Lift WHAT ARE YOUR THOUGHTS...
Yup… you read that right! This is going to be an AMAZING here especially for all us short sale investors. Just think how many different programs FHA provides first time buyers to qualify to buy a house. Now take those buyers and match them up with all your short sale approved houses and what do...
I would like to ask you for a favor. Would you watch this video and considering donating to the cause? I don’t care if it is $.50 Anything you can spare can help feed a child or adult living in a tent under a bridge in New Orleans. This is perhaps one of the best...
I just read this article and it was a pretty interesting concept. Has anyone else heard of this? The statistics are all over the place, but it is clear that not only are mortgage delinquencies and foreclosures skyrocketing, but millions of homeowners are "upside-down " in their mortgages; that is they owe more to the bank...
