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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...
Remember when people told you that the recovery will see gains of 3 to 3.5 percent? That prices are going to look pretty good in the next couple of years?...
There are some new stats coming out about how we’re doing, but first, let’s dispense with some rumors. Our Congress has definitely not gone the way of Greece, our leaders...
Good old Florida is turning out to be pretty scrappy after all. Since being one of the hardest hit areas of the country by the “downturn” they were projected to...
There’s nothing quite like learning something new, even if it’s really absurd trivia. But hey, these are important fun facts that you can use in everyday conversation, or to open...
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...
I read an amazing article that captures an amazing message for people everywhere. A lot of life’s most important lessons are learned only while your living it so it’s a...
Here’s a comparison you don’t hear very often: the home-buyer tax credit versus European debt crisis, earthquakes in Japan, and debt ceilings. I just wouldn’t have put all those in...
We’ve reached that special month of May when the year turns serious and kicks into high gear. The weather is warmer (minus some freak NE cold spells), production is higher,...
February was a good month if you’re a house – your average value went up. It might just be a temporary thing but I say milk it for all it’s...
Another simply awful story has come out about mortgage modification fraud. Thousands of innocent victims were taken advantage of by a law firm advertising an amazing modification track record. But according to the Attorney General of California in most cases this law firm didn’t provide any services, and many people ended up losing their homes....
Leave it to California to make the entire foreclosure industry look ridiculous. Oh wait, that already happened. Sure, California had a part in it, well technically it had a 20% part in it, but this just tops them all. An audit of foreclosures conducted in San Francisco revealed errors in, not 5%, not 50%, but...
Some real estate investors just don’t know when to quit. Eight guys, eight ordinary guys out in California (if anyone who lives in California can really be “ordinary”) were arrested yesterday for rigging foreclosure auctions. The Department of Justice is going crazy over the case and is planning to come down hard. Basically the scheme...
I promised ya’ll not that long ago that I wouldn’t speak about H**P ever again seeing that the program was obviously dead in the water and that it was obvious to everyone with brainwave activity that the program should be scrapped. And for the last few months I’ve kept my word. But today I’m posting...
The Attorney General of California has a mighty big question to deal with right now. She’s sitting on six and a half million dollars from a settlement with Countrywide Financial Corp. and I’m not sure she knows what to do with it. Now if it were hers to keep I’m sure there wouldn’t be too...
According to Altos Research, home prices will start 2011 at lower levels than they started 2009. Yeah, they’re pretty pessimistic over at Altos. You’d think out in California they’d be a little more relaxed. They, like oh, most of us, have heard about the “shadow” inventory that’s just looming in the background. Well, they predict...
Okay, true or false: 31% of all home sales in the first quarter of 2010 were foreclosures. You’re thinking it’s true, right? I mean, why would I make up such shocking numbers for no reason? Well, you’re right. It’s actually true. Though pretty unbelievable. What’s even more amazing is that prices for distressed properties were...
I’m thinking of changing my name to California. Think it’s a good idea? I just heard the US government is giving California $700 million to fight foreclosures. So maybe I can pull a fast one and get the money deposited in my account. After all, who helps fight foreclosure more than me? Though, if I...
Did you ever notice how things have a way of balancing out? You know, things go down just as something else goes up. It’s always funny when it works out that way, but it really makes a lot of sense. Take the latest news about home prices, for instance. The tax credit for first time...
I’m having a great weekend! I’ve been working INSANE hours for the last few weeks jetting around the country (remind me to tell you about losing my keys an hour before my flight). So I decided to really take it easy this weekend and relax. But luckily for you, even when I’m relaxing, I keep...
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