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...
The government just released a study of how often a bank will initiate foreclosure proceedings but not finish them. The main motivation for not going through with the foreclosure is that the cost outweighs the profits. The study found that less than 1% of the time does this happen. Now the reason this was studied...
We’ve all heard about the terrible mortgage situation. And we all know how bad unemployment is. Well, what do you get when you combine the two? No, not unemployed people who can’t pay their mortgages. You get people in the mortgage lending industry becoming unemployed! Shocking, isn’t it?? Yes, this is an often over-looked consequence...
The NAR put out some news to explain Wells Fargo’s new rules for short sales if a foreclosure is pending. Basically the point of the new regulations is to allow a postponement of the foreclosure if a short sale is in the works. The basic points of the new rules are: 1) the sales contract...
According to a new report released, commercial real estate is picking up. Moody’s has noticed some positive trends in the market mostly due to improved credit condition, necessary for any new business. Prices are up 4.3% which is the first increase since May. (Don’t get excited just yet, prices are still down 36.8% from before...
I hope you’re all sitting down with your families to an amazing Thanksgiving meal. There’s plenty to be thankful for and not just the fact that old Uncle Ned isn’t drunk yet. But just give it time… I’m just kidding. It’s really been a tough year for some people and they’ll have the hardest time...
What fills you with less confidence: seeing more money at risk of bad loans or seeing more banks at risk of bad loans? Basically, is it worse to have institutions fail or money be lost. That’s essentially the situation this week. 31 new banks were added to the FDIC’s “Problem List” bringing the total to...
Great news everyone! Homes in delinquency are down this month! Yay! Amazing, right? And is it thanks to government plans, or banking regulations, or home loan modifications or short sales? Not a chance! It’s got nothing to do with any of those. You’ll never guess why delinquencies declined. It’s really very simple. Because foreclosures shot...
Imagine you get the following phone call: “Hello, are you unemployed, broke, and defaulting on your mortgage? Yes, well I’ve got a great solution for you. Just give me all of your personal information (no my name’s not important, no I don’t work for the government or a bank, no I can’t guarantee anything) and...
Bank of America has started an avalanche of lawsuits. Yep, they had to open their big mouths and start fighting for every penny they can find. Check out the latest trouble and let me know if you know where it’s going to end. Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend...
Check out some of Senator Kaufman’s thoughts on the robo-signing crisis. Then leave a comment and let me know if you think he actually said anything. Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on FriendFeed Share on Linkedin share via Reddit Share with Stumblers Tweet about it...
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