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All the hassles and pains of doing a short sale . . . well, they still exist, unless you choose to use a professional. But at least as far as...
Remember when people told you that the recovery will see gains of 3 to 3.5 percent? That prices are going to look pretty good in the next couple of years?...
There are some new stats coming out about how we’re doing, but first, let’s dispense with some rumors. Our Congress has definitely not gone the way of Greece, our leaders...
Good old Florida is turning out to be pretty scrappy after all. Since being one of the hardest hit areas of the country by the “downturn” they were projected to...
There’s nothing quite like learning something new, even if it’s really absurd trivia. But hey, these are important fun facts that you can use in everyday conversation, or to open...
Your check may be in the mail. That’s right, not a Publisher’s Clearinghouse one, but free money is free money so don’t ask questions. Bank of America will be mailing...
I read an amazing article that captures an amazing message for people everywhere. A lot of life’s most important lessons are learned only while your living it so it’s a...
Here’s a comparison you don’t hear very often: the home-buyer tax credit versus European debt crisis, earthquakes in Japan, and debt ceilings. I just wouldn’t have put all those in...
We’ve reached that special month of May when the year turns serious and kicks into high gear. The weather is warmer (minus some freak NE cold spells), production is higher,...
February was a good month if you’re a house – your average value went up. It might just be a temporary thing but I say milk it for all it’s...
I appreciate you taking a few minutes to read this. You probably were living under a rock if you haven’t yet heard about the new launch of Preston Ely’s FreedomSoft real estate software. This software takes all the frustrating parts of real estate investing and totally automates it. You can log into ONE place to...
According to the S&P, home prices have had six straight months of gains. Well, at least for 14 out of 20 principle metro areas. Sorry if you don’t live in an “up” city. But I just report the facts, I don’t make them. However, home prices are just part of the picture, says the chairman...
Goodbye and good riddance says Rep. Barney Frank to Fannie Mae and Freddie Mac. In his opinion, both mortgage agencies need to be closed for good. Once that’s accomplished, the housing finance system can be rebuilt right. This is a pretty shocking turn of events in the unfolding housing program restructuring. Rather than fix issues...
No snowflake in an avalanche ever feels responsible. -Voltaire Wise words from a wise man. I think Voltaire touched on a very important point. In an avalanche, who’s to blame? Each snowflake can say about himself, “Look at me. I’m too small to do any damage. It’s not my fault.” And who’s really going to...
The FHA has gone crazy, making sweeping new changes in several policies. You’ve got to keep these in mind when clients consider FHA loans. Here are some of the most extreme changes: **** Raised up-front costs for insurance **** TRIPLE downpayment requirements **** Cut seller concessions by HALF! The government hopes the new policies will...
I brought you some news last week on Obama’s controversial new tax. He imposed it on the major wall street giants who are largely held responsible for the economic crisis. This move (3 years earlier than something like this needed to be imposed, legally) is meant to repay the government and taxpayers for all government...
How many people do you think have been helped by Obama’s loan assistance programs? 50%? 30%? Try 4%! That’s the latest news from CNN. The govt. is still desperately trying to push new and better programs on the population of this country. Yet according to RealtyTrac, nearly 2 million homes are already in foreclosure. Citigroup...
Okay, folks, don’t worry, you’re off the hook. The bailout money Obama spent won’t be coming out of your paycheck. I mean, I could’ve shelled out the $117 billion. Maybe you could too. But no, that’ll be left up to the biggest Wall Street banks. Yeah, the government has decided to levy a “financial crisis...
Check out the image and find your state. (If you don’t know what your state looks like, ask a friend or go back to 7th grade geography.) Notice the interesting shades of green. (If you’re color blind, again, ask a friend or guess randomly.) Now this is a map of the severity of the foreclosure...
The FDIC took on a lot of water this year, rescuing banks that were drowning under tons of bad loans. In doing so, they absorbed several billion dollars in defaults, distressed loans, and other toxic assets. And now it’s come time to figure out what to do with them. And the best option they’ve come...
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