Featured Post

  • Fannie Mae Appraisal Cutting

    Fannie Mae Appraisal Cutting

    by Cory Boatright on Sep 02 2010

    Home appraisals are often the most stressful part of any home sale. You never know if your home is worth what you’re hoping to get for it. You never know...

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  • Bank Failures Coming

    Bank Failures Coming

    by Cory Boatright on Sep 01 2010

    Duck! Your bank is falling! A few years ago, that would have sounded as absurd as “The sky is falling!” But that was a few years ago and we live...

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  • Too Many Homes

    Too Many Homes

    by Cory Boatright on Aug 31 2010

    How long do you think it’ll be until demand for homes outstrips supply? Half a year? 1 year? If your friends have been telling you the recession is over, tell...

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  • Tax Credit Coming Back?

    Tax Credit Coming Back?

    by Cory Boatright on Aug 30 2010

    The evidence so far clearly shows that the surge in home sales in the first 2 quarters was completely due to the tax credit. So the slow down over the...

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  • More Home Prices Affordable

    More Home Prices Affordable

    by Cory Boatright on Aug 27 2010

    Have you heard of the Housing Opportunity Index? It was developed by the National Association of Home Builders and Wells Fargo to measure how affordable housing is around the country....

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  • Underwater Homes Down

    Underwater Homes Down

    by Cory Boatright on Aug 27 2010

    Two quarters in a row the number of homeowners classified as “underwater” has declined. That means that “only” 11 million homeowners owe more than their homes are worth. (In case...

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  • Mortgage Defaults – First or Second?

    Mortgage Defaults – First or Second?

    by Cory Boatright on Aug 26 2010

    It seems some numbers are up while some numbers are down. That seems to be the norm in this crazy economy. If you look at things one way the glass...

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  • Home Sales Drop in July

    by Cory Boatright on Aug 25 2010

    Woah, harsh news being reported by the NAR. I know it’s hard to be the bearer of bad news, but I’m pretty sure we all want to take out our...

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  • HAMP’s Abysmal Failure

    HAMP’s Abysmal Failure

    by Cory Boatright on Aug 23 2010

    You know the government loves to dish out “I told you so” like it’s all they know how to say. You find a single company stepping out of line and...

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  • Delinquencies Down Again

    Delinquencies Down Again

    by Cory Boatright on Aug 18 2010

    Delinquency rates have fallen again for the second straight quarter. That means the number of people more than 60 days behind on their mortgage payments is less than it was...

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Underwater Homes Down

Underwater Homes Down

Two quarters in a row the number of homeowners classified as “underwater” has declined. That means that “only” 11 million homeowners owe more than their homes are worth. (In case you were wondering, that’s 23% of ALL residential properties with mortgages.) So how did this happen? Did home prices go up? Did more people pay...

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Mortgage Defaults – First or Second?

Mortgage Defaults – First or Second?

It seems some numbers are up while some numbers are down. That seems to be the norm in this crazy economy. If you look at things one way the glass seems half full. But looked at another way, you can see the glass is half empty. So which is it? Take the latest July numbers...

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Commerical Mods in Full Swing

Commerical Mods in Full Swing

Trepp LLC has reported that the number of loan mods for commercial RE has gone up a lot this year. 2010 has more modifications so far than 2008 and 2009 combined. And we’re only half way through! This may turn out to be a semi-permanent solution to the foreclosure issue facing businesses, or it may...

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Shadow Strikes Again

Shadow Strikes Again

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...

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HUD’s Discounts are Going Fast!

HUD’s Discounts are Going Fast!

HUD’s now selling homes at discounted prices! Let’s cash in on the excitement now! Oh, wait a minute, they’re only selling at a discount to the government and NPOs! So far the program is only temporary, but this homes will be marketed to qualified NSP grantees before being put on the regular market. And at...

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BofA Strikes Again

BofA Strikes Again

Now why doesn’t Bank of America negotiate this easily when it comes to money they’re owed? Have you heard the latest news? Of course not because I haven’t told it to you yet. But here’s what’s happened. BofA agreed to pay over $100 million back to borrowers. This is money that, according to an FTC...

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Commercial Foreclosure Short Sale Real Estate Promo Winner

Listen to the LIVE PHONE CALL we did with Anton Rose. He won $1,000 Cash from attending the Commercial Foreclosure Gold Rush webinar with D.C. Fawcett and Karen Hanover. Make SURE you are on our list at http://www.ShortSaleology.com and YOU could be our next...

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Strategic Foreclosures

Two new studies that are beyond obvious and probably a waste of time, just came out. They say that record numbers of home owners are walking out on their mortgages even though they can still make payments. I just have one word for this: DUH! Yep, seems that confidence in a rise in home values...

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Forbes Views on the Housing Market

Forbes Views on the Housing Market

What are we going to call the “economic downturn that we’re in? Is it serious enough to be called a second “Great Depression”? Is it just a bump in the road that doesn’t need a name? Comment below to give in your suggestion. Some people are calling it the “Great Recession.” I guess that might...

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Top Secret Cities Safe from the Bust

Top Secret Cities Safe from the Bust

Is your city safe from the housing crunch? I’ve picked up some killer info from the latest news sources. You may not believe it, but some cities totally missed the housing crisis. That’s right, solid gains and sale volumes straight through the market crunch. And till now, no one thought it was possible. The Federal...

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