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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...
Bank of America is now so nervous about their foreclosure process that it’s decided to freeze all foreclosures nationwide. Not just in the initial 23 states. They were quick to make sure they covered themselves, though. In their words, “the basis for foreclosure is accurate.” Just not accurate enough to keep doing em! Everyone (including...
A new study from a group called Amherst Securities Group LP has lots of folks shaking their heads. They’ve come up with a too-crazy-to-believe story. They claim that 20% of all borrowers are in danger of defaulting. That’s 11.5 million homes that they think are going to be foreclosed on. This astronomical number is according...
Don’t read this article. I’m telling you, if you’re the kind of person who is scared of a challenge, then just turn off your computer right now. The news I’ve just heard is definitely going to make your job harder. Home prices are down nationwide by half a percent. The June numbers that were just...
Washington has decided to get moving helping those homeowners who owe more on their mortgages than their homes are worth. The FHA will issue them a new loan with new terms and the existing lien holder will drop 10 percent of the unpaid principal. This is projected to help half a million to one and...
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...
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...
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 last quarter. Now it’s holding at 6.67%, down from 6.77%. Last quarter was the first time in 3 years that the rate fell. But we’re...
Apparently, ServiceLink, a Pittsburgh based company, has dramatically decreased the turn around time in a short sale. They’ve beat the national average by a third. That’s 30 days instead of the more common 90. And from start to finish, they’re claiming 75 days instead of 5 months. Now that’s a pretty good claim. How did...
Some people, mainly those calling themselves human and living on Planet Earth, are tempted by money to do dishonest things. Those who never feel tempted couldn’t find lawyers to represent them so they’ve moved to Jupiter. So those of us left might possibly think about letting our fingers dip into a pot that just might...
Did you ever notice how things have a way of balancing out? You know, things go down just as something else goes up. It’s always funny when it works out that way, but it really makes a lot of sense. Take the latest news about home prices, for instance. The tax credit for first time...
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