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...
I just read a heart warming story about a struggling company that worked hard, crawled back from the edge, and made a record in sales. This kind of determination is what makes America great, right? Oh wait, just a few things you should know to help put the story in context: 1) The company took...
Talk about getting your wires crossed, or getting mixed messages, or mixing your wires, or something or other – ok, I’m losing my train of thought here. Oh right, back to my point. The housing market is sooooooooo confused right now and it’s just hilarious to watch. Here’s how backwards some people are (it’s all...
I found this latest study released about the Making Home Affordable program pretty hilarious. They didn’t mean it to be funny but what can I say? They were rating mortgage servicers (the big ones so yes, yours is probably in the list). They weren’t looking at their fairness, their approachability, the ease of understanding their...
Rumors have been swirling through the internet since the weekend about Bank of America’s latest news. I have to admit, it took me a while to find out the truth on this one. Not because I couldn’t find the info but because I wanted to be 100% sure I found a reliable source for it....
A little company called Nationstar Mortgage Holdings (NMH) has been making a big splash in the mortgage servicing industry. You may have noticed your bills coming from them and you might actually find it a relief to not deal with some of the better known names in the servicing industry. But whether you like it...
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 the lender is concerned, particularly Bank of America, things might be getting a little easier. They’ve implemented some new policies, and have even begun offering...
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 out more than 200,000 letters telling borrowers that they are eligible for principal reductions on their mortgages. Three requirements: 1) Be underwater 2) Be 60...
Apparently, Bank of America is going into the rental business. It’s an interesting idea and, though they’re trying it on a small scale, it could be an interesting game changer. I’ll give you the scoop and you tell me what you think: BofA is taking 1,000 customers who have - exhausted all loan mod options,...
Ally Financial has finally decided that in the current financial crisis, making a quick buck is less important than doing right by its customers, its investors, and the country as a whole. I’m referring of course to their newest announcement – they’re willing to lower the principal on mortgages deemed “likely to default” to 85%...
Bank of America is trying to get the short sale ball rolling even faster in hard-hit Florida. That state is prime location for short sales considering how insane the foreclosure rate is there. So they’re trying to pay out actual cash for successfully completed short sales. They call it the “Test and Learn” program. For...
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