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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...
Fannie and Freddie have decided to get a little more serious in their efforts to avoid having to actually do anything. Yep, to skirt the issues of principal reductions and rate changes, meaning, anything that’ll cost them effort or money, they’ve decided to actually step up to bat with Short Sales. Now, don’t get me...
The debate on applying principal reductions to underwater homes is really starting to heat up. They’ve started throwing out terms like “moral hazard” and “shared appreciation” and other things that really don’t solve the issues. But at least they’re talking. Basically the only way such a program would be effective (notice I said effective, not...
At last – a ray of hope! A beacon shining through the mist of Washington chaos pointing a way towards a brighter future. Okay, so that intro was a little melodramatic, but sometimes it feels that way. And especially after all of the horrific revelations about Freddie Mac that came out recently, it’s unbelievable refreshing...
Fannie Mae is now making it easier for you to get caught up in its web. Aren’t you lucky!? They’re now accepting REO purchase offers online. Wowee! Yep, you can check out the entire listing of REOs and real estate agents will be able to submit offers on the spot. How exciting! Alright, I guess...
Let’s say you’ve got a good friend who’s been with you a long time. And you know that every single time he gives you advice it ends up being BAD advice. At first it always sounds good and makes a lot of sense. But no matter what, it always comes around in the end to...
Fannie Mae and Freddie Mac execs are officially on the chopping block. Their number is up. Their goose is cooked. Their … well, they’re in hot water is what I’m trying to say. Our usually oh so efficient government has no decided it’s the right time to charge 6 former execs from the two hallowed...
I think we all just got a backhanded slap from Washington. That means the gauntlet has been thrown down, the insult has been made, and we’ve been put in our place. Too bad we’re not going to sit back and take it. We’ll rise to the challenge. But I’m jumping ahead a bit here so...
Oh boy, you guys are going to love this. Remember all the outrage when private companies that got bailed out by the government started giving huge bonuses to their top executives – the same executives that caused the financial meltdown? Well, the sequel to that story is happening the right now. This time we’ll call...
Wow, I never thought I’d live to see the day. Actually, let me correct that: I never wanted to live to see the day. It’s like all … stuff is breaking loose up in Washington and I don’t know how it’s all going to end. The FHDA has sued 17, that’s right, 17 financial institutions....
Bank of America has just sold 400,000 lousy loans to none other than our old pal Fannie Mae. They decided recently that they were tired of having to tread water to deal with these loans and threw them to someone with deeper pockets. Of course, they didn’t say it in quite those words. No, they...
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