January 2011 Archives - Short Sale Fundamentals

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31
Jan
Banks Burn Bucks

Banks Burn Bucks

Whoa! Banks are about to start destroying, like physically shredding, documents dealing with their sub-prime lending practices. That means when someone actually decides to start digging, there won’t be anything to find. To find out why this is happening, check out this video: Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend...

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31
Jan
Anti-Flipping Rule – History!

Anti-Flipping Rule – History!

For the rest of 2011 house flipping will officially be easier with less restrictions. The FHA announced the “anti-flipping rule” is suspended for the entire year which will accelerate the resale of foreclosed homes. They’re worried what too many homes sitting on the market will do and they’re hoping this will help stabilize the housing...

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27
Jan
What goes down…

What goes down…

Of course, when you’re at the bottom, there’s not place to go but up. Pretty famous saying and sounds reasonable enough. It doesn’t mean that it’s good to be at the bottom, or that it’s particularly impressive if you begin to head up. It just means nothing can get worse so anything you do will...

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26
Jan
Most Lawsuits Award

Most Lawsuits Award

And the award for bank that go sued the most in 2010 goes to . . . Bank of America! Later, during BofA’s acceptance speech: I can’t believe I won. I mean, I knew I’d been sued a lot, but there are so many other great nominees out there, like Wells Fargo, that I just...

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25
Jan
IRS Delays

IRS Delays

Most people who experience IRS delays are more than happy about them. But check out this video and tell me what you think: 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 Subscribe to the...

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25
Jan
Anti-flipping Suspension

Anti-flipping Suspension

If you’re in the house-flipping business you’ll be happy to hear this news: the government has extended the suspension on the “anti-flipping” rule. To hear all the details, just check out this video: Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on FriendFeed Share on Linkedin share via...

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25
Jan
Broker Compensation Debate

Broker Compensation Debate

Broker compensation has been a hot topic since the Fed stepped in and starting muddying the waters. Check out what these guys have to say about it and see a glimpse of the future: Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on FriendFeed Share on Linkedin share...

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25
Jan
State of the Union

State of the Union

It’s that time again. Time when Americans across our great country decide that Tuesday night television just isn’t interesting enough so they flip channels over to the State of the Union address. Which will hopefully prove interesting enough to hold their attention long enough to hear at least two senators/representatives scream obscenities. It’s a long...

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24
Jan
Housing Prices – Shadow Inventory

Housing Prices – Shadow Inventory

Standard & Poor’s is below standard in their reporting and poor on original content. Sure they run a great stock index! But as far as their amazing insights into the housing market and the short sale industry, I’m not impressed. Maybe after a few more shots, but hey, it’s only 9:30 and the morning is...

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22
Jan
Goodbye GSEs

Goodbye GSEs

Should Fannie and Freddie head the way of so many good companies during the recession? Should they finally close their doors for good? And who would fill the void if they were gone? These are the questions lawmakers, bankers, and everyone else will be discussing during the coming months as GSEs come under every more...

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