In 64% of metro areas, it’s more worthwhile to buy than to rent. If that kind of stat doesn’t blow you off your feet than you haven’t been paying enough...
How hot and fierce is the competition for homes in your area? Do you think it’ll be a hard fought battle to stake your claim to a piece of property?...
We all know that Short Sales can unfortunately get a bad rap because of fraud. There are lots of low down dirty people out there just trying to make a...
I was just reminded about something really interesting and it’s a cool perspective on something we take for granted. We all assume that as the economy improves we can expect...
The entire country is simply shocked over the news that came out of Cleveland. 3 young girls were kidnapped over a decade ago and have been held captive under lock...
You might find this hard to believe, but house flipping can still be a lucrative business. A lot of people will tell you that the days of fat profits are...
If you’ve never heard of HomeVestors, consider yourself lucky. If you have money with HomeVestors I advise you to pull up stake and get your money into a mayonnaise jar...
If you had a home in foreclosure in 2009 or 2010, and your mortgage was serviced by Goldman Sachs or Morgan Stanley, I’ve got some good news for you. Your...
Here’s the crazy thing about the housing market: every other week another group takes center stage. It really seems like everyone wants a piece of the pie (why don’t you???)...
I’m gonna get right to the point here. If housing price trends continue this year, almost 2 million homes will come out of negative equity. That’s a really sizable chunk...
Double-dipping your chip into dip is considered really rude. Well guess what. It’s also not so cool in the housing market. According to Capital Economics, the double-dip that’s been predicted for a while now is just getting warmed up. Here’s what’s going to happen. We all saw major declines in home prices. Then with this...
Some people are already planning some advance panic because of the foreclosure crisis. They’ve projected a total of 13 million foreclosures before things return to “normal.” So they’ve already planned how much panic is really necessary. The reason for the premature panic is pretty obvious, if misguided. The government has tried several programs and has...
Wouldn’t it have been funny if all of these investigations into the banks’ foreclosure policies had turned up empty-handed? If it turned out that everything had been done properly? Well, no need to worry about that. It seems our concerns were right on the money. One bank has voluntarily reported that at least 55,000 foreclosures...
I know I came down hard recently on the HAMP program and the disappointing numbers that have come out lately. Now I think my comments were completely justified. And as it turns out, so does the government. Maybe Obama reads my blog… Either way, the fact that over half of the trial mods have been...
It’s the beginning of the end for HAMP. I’m not sure if that’s supposed to be good news or bad news, but it’s my guess that it’s true. It’s certainly begun to lose steam and that’s a sure sign that a government program (or president…) is on its way out. Basically, the promises that were...
It seems that the bigger the bank, the bigger the exposure. According to an analysis just released, each of the nation’s biggest banks has $20 billion in delinquent loans. Not only that, they each have $40 billion in past-due loans. So each bank will be looking to unload $60 billion in property in the coming...
Are you the kind of person who panics quickly? Do you completely freak out at the smallest things? If you’re waiting for a bus and it’s 35 seconds late, how many times do you check your watch and go “Uch!”? If you’re easily panicked, then you and Clear Capital should get together. They felt the...
The Fed has just released its “comprehensive” study on the strength of our economy. I put comprehensive in quotation marks because between you and me, there’s no way any study can trim down the vastness and complexity of this country into a little “Beige Book.” But for what it’s worth, it’s interesting to hear their...
It’s apparently going to cost us all a lot more than we bargained for to keep Fannie Mae and Freddie Mac afloat. The FHFA has come up with three different possibilities for how the housing market might do. And even in best case scenario, the price tag is still going to sky rocket. Currently, the...
As if the blunders and mistakes that have happened with the foreclosure market recently, things are about to get kicked into high gear. The Financial Fraud Enforcement Task Force is checking into whether mortgage servicers violated any laws in the shoddy way they handled foreclosures. Some of the most obvious laws that might have been...
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