June 2011 Archives - Short Sale Fundamentals

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29
Jun
Fannie and Freddie are Off the Hook

Fannie and Freddie are Off the Hook

Okay guys, apparently we’ve had it wrong all along. The whole financial crisis, collapse of the housing market, record unemployment, etc. wasn’t really anyone’s fault. Well, it certainly wasn’t the fault of anyone that we wanted to blame. And certainly not of Freddie Mac and Fannie Mae. Very basically, people all along have been saying...

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24
Jun
Double-dip “experts” are Dippy

Double-dip “experts” are Dippy

I just read an article about the forecast for home prices and I was just stunned that a normal person could write the opening sentence. Here’s what it said: “After the headline news that home prices double-dipped, most forecasters are predicting a 2011 turning point for the U.S. housing market.” Maybe you didn’t catch how...

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22
Jun
How Many Deals Do I Have?

How Many Deals Do I Have?

I’ve got over 6 million really great deals for you. Are you interested? Okay, so I don’t actually have the houses, but I know they’re out there. In fact, 6,350,000 homes are behind on their mortgages and in some stage of foreclosure. That’s 7.96 percent of all mortgages, so if we’re comparing we’re still shy...

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20
Jun
Golf – Problem Solver?

Golf – Problem Solver?

Can golf solve our nation’s problems? If you caught the story over the weekend, President Obama and House Speaker Boehner teed off on Saturday, playing 18 holes at the Joint Base Andrews’ golf course in Maryland. Seems like a fun outing, I suppose, but what exactly was the point? I mean, is it a way...

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17
Jun
Vote for Pedro, I mean, Cory

Vote for Pedro, I mean, Cory

Thanks to you guys, I have great news. I’ve decided to quit writing this blog, stay here in Europe and become a chef. So instead of posting my short sale tips over here, I’ll be mailing crepes and zuccotto to you guys on a weekly basis. I think that’s a solid foundation for a business,...

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15
Jun
Recession? Not here.

Recession? Not here.

Let me ask you a serious question: Have you been spending less since this recession hit? It’s not just me that’s interested. The entire federal government desperately wants to know which direction our economy is headed in, and how much you spend makes all the difference in the world. Consider that if you put away...

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13
Jun
HAFA’s Out of Breath

HAFA’s Out of Breath

It’s so cute when the government is proud of itself for small accomplishments. I guess it’s the most they can hope for given how much their hands are tied. But they released some statistics from April on how many short sales they were able to put through – nationwide. The number: 1,666 That’s the total...

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10
Jun
HAMP’s grade – F+

HAMP’s grade – F+

You’ll actually be given a chance this month to look beneath the surface of the HAMP program. That is, if you happen to read the Treasury’s monthly report on the program. I’m sure you’re racing to the newsstand right now, aren’t you? No, you’re not. And do you know why? Because you can count on...

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08
Jun
Underwater Homes – Floating!

Underwater Homes – Floating!

I know this is typical for the real estate industry, but there’s good news and bad news. Which do you want first? Okay, I’m not really giving you an option here, so here goes: Good news: the number of homeowners underwater is shrinking. Taking into account people actually underwater and those with near-negative equity the...

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03
Jun
HUD on the Charge!

HUD on the Charge!

Some of the latest news about HUD that has come out is really shocking. This organization has taken its abuse (and rightfully so) during this recession, but they’re still hanging around. Check out the video below to find out the latest scandal. Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on...

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