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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...
The Senate has begun yet another round of fun-filled meetings to try and make HARP actually work for someone. Now they all admit that the reason the program has tanked...
Best audio player to listen faster, learn faster and have a “sexy” iphone player experience. Visit italkfast.com for more information. Sign up for Updates! Share on...
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 your mother, it’s from the US Senate. They figured if you...
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 Washington and throw the whole thing out of whack. And guess who’s to blame? Our old...
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. Here are the general ideas behind it: It’s called...
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 second quarter (102,407 transactions)...
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 home we’re at a total of $104.8 billion. Isn’t that...
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 vacant, the home sitting unkempt and mistreated for months on end...
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: The government says the coins were stolen and are really the...
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 just read an article about the forecast for home prices and I was just stunned that a normal person could write the opening sentence. Here’s what it said: “After the headline news that home prices double-dipped, most forecasters are predicting a 2011 turning point for the U.S. housing market.” Maybe you didn’t catch how...
I’ve got over 6 million really great deals for you. Are you interested? Okay, so I don’t actually have the houses, but I know they’re out there. In fact, 6,350,000 homes are behind on their mortgages and in some stage of foreclosure. That’s 7.96 percent of all mortgages, so if we’re comparing we’re still shy...
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