Foreclosure - Part 2
 
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Where Did the Foreclosures All Go?

Where Did the Foreclosures All Go?

Where have all the foreclosures gone? That's what a lot of concerned people are asking. I don't mean where is the giant shadow inventory of foreclosures and pending foreclosures. Don't worry, those are still piling up and will be skewing the market...

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FHFA Actually Knew Something

FHFA Actually Knew Something

I'm almost getting tired of reporting on how incompetent some federal organizations are. Almost. But there are some times where it's just too much fun. It all comes back to the robo-signing scam that was perpetrated on thousands of homeowners....

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How far will your savings go?

How far will your savings go?

If you don't have any money put away in savings you've got to take a good hard look at some scary statistics. According to a national survey one in three Americans wouldn't be able to make more than one month's rent if they suddenly lost their...

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You’ve Been Invited by the Senate

You’ve Been Invited by the Senate

Did your mother ever call you ten times to come to the dinner table and after you completely ignored her should would say "Are you waiting for an engraved invitation?" If that describes you then your invitation has just arrived. Only it's not from...

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Out West There Be Foreclosures a’Comin

Out West There Be Foreclosures a’Comin

Out West, surf's up, and so are foreclosures. Some freaky new stats just came out which have experts across the board surprised and flipped out. For months foreclosures have been declining. Then along come Arizona, California, Nevada, Oregon and...

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Job Creation vs. Job Construction

Job Creation vs. Job Construction

You all know that I'm not a fan of government dropping tons of cash into the economy. And I'm even less excited when they start butting their noses into real estate. But I've just got wind of an interesting program that may just have some promise....

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Short Sales Kick REOs Where It Hurts

Short Sales Kick REOs Where It Hurts

I bet you can already guess what's down and what's up in real estate. It's becoming a sad joke in the industry how short sales are kicking it over REOs but the numbers don't lie, so let me blow your mind for a second. Short sales - up 19% in the...

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Fannie Mae’s Taken Another Billion . . . Or 5

Fannie Mae’s Taken Another Billion . . . Or 5

Well, I'm relieved. Fannie Mae's second quarter losses went down compared to first quarter. So tax payers are less on the hook than they were a few months ago. Fannie "only" took us to the cleaners for $5 billion. And for those keeping score at...

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Foreclosures and Vacancies Leave Ghosts

Foreclosures and Vacancies Leave Ghosts

Would you buy a foreclosed home? I guess the real question is, would you live in a foreclosed home? Apparently most of you out there would go for a non-foreclosure even if it was slightly more expensive than a foreclosed home. Something about being...

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Getting the Government Squeeze

Getting the Government Squeeze

Here's a wild story making its way around the news today. A woman and her sons discovered that her father had a collection of rare coins which are worth around $80 million. That's a nice inheritance to get from Grandpa. There's just one catch:...

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