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09
May
Principal Reductions are in the Mail

Principal Reductions are in the Mail

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 out more than 200,000 letters telling borrowers that they are eligible for principal reductions on their mortgages. Three requirements: 1) Be underwater 2) Be 60...

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30
Apr

Home Prices Up – Thanks to Investors

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 worth. You know, try a second mortgage, spend big, and don’t worry about the eventual drop. Spring is, after all, a time for making big...

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20
Apr
I’ve Never Seen Short Sales This Easy!

I’ve Never Seen Short Sales This Easy!

Guys, we’ve just received even more evidence of how central Short Sales are becoming to the housing recovery. (This is if anyone actually needed convincing, but either way, it’s out there.) Compared to last year short sales are up 33%. They even overtook REO sales in 12 states, including many of the hardest hit ones....

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16
Apr
States Stick It to FHFA

States Stick It to FHFA

Whoa!! Slow down fellas, it’s not a race. That’s right, I’m talking to you, Attorneys General. No one is going to score any extra points for sending a “strongly worded” letter to the FHFA. (Trust me, I’ve done it plenty of times!) So guys, here’s the deal. I told you before about all the ruckus...

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05
Apr
Home Prices Rising, If Your Eyes Are Closed

Home Prices Rising, If Your Eyes Are Closed

A new, fascinating, mind blowing, game changing study was just released. Did I get you interested yet? Sorry to disappoint you but that was pretty much all sarcastic. There really was a study but I consider it mostly a bunch of … well, you’ll see. Home prices, the study goes, are actually on the rise....

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22
Mar
“Spin” an “Underwater Home” into a “Bargain Home”

“Spin” an “Underwater Home” into a “Bargain Home”

Spin. Spin is a very interesting concept and it’s in use every single day. Spin is all in the context, in how you say something in just the right way that it sounds totally different. Today’s headlines provide a good example. “2011 Home Bargains May Continue This Year” That headline is a great use of...

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24
Feb
Don’t Let The Numbers Fool You

Don’t Let The Numbers Fool You

I know I should learn to let go of 2011. We can’t live in the past and things are looking so incredible for 2012 that we should just set our sights high for the future and accept the hand we were dealt last year. But why not one more post about the past before we...

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27
Jan

Two Views on Housing

Believe it or not (oh yeah, you should believe it) there’s controversy surrounding the President’s latest plan to mess with the housing market. As he announced in his State of the Union address he wants to have someone look through the deep dark past of mortgage giants to see what secrets they might be keeping...

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25
Jan

Where Are All The Houses?

Watch out everyone! There are less homes for sale now than there were last year. Um, okay that may not be the scariest announcement you’ve ever heard. And there are still almost 2 million still out there. So if you’re shopping around, fear not, you’re bound to find something. And apparently there’s no rush either...

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05
Jan
Pending Sales Jump, But Not High Enough

Pending Sales Jump, But Not High Enough

Some more stats are coming in regarding 2011 and from our great 2012 perspective you’d think everything is now crystal clear. Or at least that’s the impression you’d get from the “experts” who watch the real estate market. (Note: these are the same experts who only watch, but never actually get in the game.) Let’s...

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