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 think every local, community, friendly, bank should be shut down. Or was that every national, heartless, money-hungry bank? I sometimes get them mixed up. It’s not just me. The Federal Reserve gets them confused too. Here’s the bottom line: Do you think our country can ever be fixed using one size fits all solutions?...
You know what? If we all had as much confidence in the housing market as the Federal Reserve we’d be in a lot better shape. According to the latest research the Fed has gone all in and is betting that the housing market will not just recover completely, it’ll bring the entire economy back up...
Every time I see big shots in Washington arguing with each other I get excited. No, I don’t get excited because I think they’ll eventually come to an agreement. What really gets me going is that I think “Finally, someone is going to see through the nonsense and realize these people have no idea what...
Investing is a tricky business, don’t you think? You never now how fortune is going to swing and you could end up losing the shirt off your back. But have you ever considered the other side of the story, namely that your loss is someone else’s gain. Sure, when you’re losing money you really don’t...
There has been a lot of pressure put on the Federal Reserve to not go ahead with their policy change when it comes to mortgage lending. Consumer advocacy groups and federal lawmakers are united in opposition to revising the law that allows foreclosures to be halted if the lender violated the Truth-in-Lending Act (TILA). This...
The Fed has decided to raise interest rates again. 30-year mortgages are up to 4.61% from 4.46%. If the rise continues at this pace it will pass where it was this time last year, 4.81%, in just a few weeks. The rise in rates has been in sharp contrast to the record lows that have...
This is probably the most under-reported news story that should have made front pages everywhere. Find out just how secretive the Fed is, and how much money they gave away. 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...
The Federal Reserve has been trying for over a month to put in place new rules to protect borrowers from deceptive mortgage practices. One of the most crucial is limitations on the compensation mortgage brokers and loan officers can receive. Among the restrictions is a prohibition on double-charging for origination fees, and keeping them from...
It’s official. New financial regulations have been passed by Congress. This is supposed to be the biggest thing since sliced bread, or the New Deal, either one. It’s 2300 pages long and somewhere in there is supposed to be some answers. I’m not sure if anyone knows whether any of this will work, but people...
A report was released recently outlining outlining the Bureau of Justice Assitance’s ideas for how to deal with the problems in the housing market. It’s not really meant for regular folks, just for government agencies and law enforcement. Basically, the whole point of the report was that everyone needs to work together to get through...
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