In 64% of metro areas, it’s more worthwhile to buy than to rent. If that kind of stat doesn’t blow you off your feet than you haven’t been paying enough...
How hot and fierce is the competition for homes in your area? Do you think it’ll be a hard fought battle to stake your claim to a piece of property?...
We all know that Short Sales can unfortunately get a bad rap because of fraud. There are lots of low down dirty people out there just trying to make a...
I was just reminded about something really interesting and it’s a cool perspective on something we take for granted. We all assume that as the economy improves we can expect...
The entire country is simply shocked over the news that came out of Cleveland. 3 young girls were kidnapped over a decade ago and have been held captive under lock...
You might find this hard to believe, but house flipping can still be a lucrative business. A lot of people will tell you that the days of fat profits are...
If you’ve never heard of HomeVestors, consider yourself lucky. If you have money with HomeVestors I advise you to pull up stake and get your money into a mayonnaise jar...
If you had a home in foreclosure in 2009 or 2010, and your mortgage was serviced by Goldman Sachs or Morgan Stanley, I’ve got some good news for you. Your...
Here’s the crazy thing about the housing market: every other week another group takes center stage. It really seems like everyone wants a piece of the pie (why don’t you???)...
I’m gonna get right to the point here. If housing price trends continue this year, almost 2 million homes will come out of negative equity. That’s a really sizable chunk...
If you had a home in foreclosure in 2009 or 2010, and your mortgage was serviced by Goldman Sachs or Morgan Stanley, I’ve got some good news for you. Your check is in the mail. To keep score, this is the 4th wave of foreclosure settlement checks that all those naughty robo-signing companies were forced...
So HARP has decided to continue wasting more taxpayer money. They’ve actually improved in only one area since they were started – hiding how they waste money. Let me explain a little bit before you start with the harsh judgments. Basically, Fannie and Freddie refinanced almost 100,000 loans through HARP in January. That’s impressive, right?...
If you were trying to decide if the economy is improving or not, what do you think would be more telling for you – buying or selling? What I mean is, do you think it means more that there are serious bargains up for sale or that there are buyers out there willing to invest?...
You know how the economy is really bad and really good at the same time? No? Just me then? Oh well, like it or not what’s good for one person is just the pits for the next guy. Here’s the latest sad and happy story. Titanium Solutions, a mortgage outreach help provider, is shutting down....
Talk about getting your wires crossed, or getting mixed messages, or mixing your wires, or something or other – ok, I’m losing my train of thought here. Oh right, back to my point. The housing market is sooooooooo confused right now and it’s just hilarious to watch. Here’s how backwards some people are (it’s all...
Raising the debt ceiling… I’ll just let those words sink in for a minute before I continue. It’s going to be the biggest battle this year. And as much as everyone promises it’s not going to be a drama showdown this year we all know where the debate is headed. And who’s going to suffer...
If the FHA is really in as much trouble as they say they are, then I think it’s just about high time for a new system. All of this “in the black” “in the red” stuff is just getting ridiculous. Here’s the latest insanity. By law the FHA is supposed to keep a 2% reserve...
Weird week to report. It’s a case of the same news being looked at two totally different ways. Earlier in the week I told you how hard the rise in home prices has been on first time home buyers. It’s just getting more and more difficult for them to afford decent homes. So then what’s...
Continuing this country’s great trend of pulling its head out of the sand and finally getting its act together, we have news of another major push the Treasury is making encourage short sales. It’s pretty awesome to see good work actually being done to help homeowners and investors (and the economy) all in one shot....
A major aspect of the success of short sales, particularly in recent years, is under fire. If Congress doesn’t act now we might see business take a big hit. I’m talking about the Mortgage Debt Relief Act. Basically this law, passed in 2007, means homeowners can be exempt from paying taxes on forgiven debt such...
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