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All the hassles and pains of doing a short sale . . . well, they still exist, unless you choose to use a professional. But at least as far as...
Remember when people told you that the recovery will see gains of 3 to 3.5 percent? That prices are going to look pretty good in the next couple of years?...
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...
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...
Our President is prone to making promises that sound good but don’t really go anywhere. That’s nothing new for any politician but it’s really tough when these promises come during a recession. I know some down and out homeowners who are literally hanging on the president’s every word hoping for some relief from crushing debt....
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 think you can divide people in this country into two categories: people who think Obama is doing things wrong and people who think Obama does nothing. I’m really not convinced you’ll find anyone who think he’s really improving things and getting things right. And you know what? If he’s doing things wrong, I’m sure...
Can golf solve our nation’s problems? If you caught the story over the weekend, President Obama and House Speaker Boehner teed off on Saturday, playing 18 holes at the Joint Base Andrews’ golf course in Maryland. Seems like a fun outing, I suppose, but what exactly was the point? I mean, is it a way...
It’s so cute when the government is proud of itself for small accomplishments. I guess it’s the most they can hope for given how much their hands are tied. But they released some statistics from April on how many short sales they were able to put through – nationwide. The number: 1,666 That’s the total...
Well, since Obama asked so nicely I guess we’d all better listen. He has publicly asked the banks to “be nice” to lenders. His main argument was “Banks, we were nice to you when you needed money, so please be nice to us.” Not the most inspiring speech I’ve ever heard from the leader of...
I think now would be an appropriate time to go off topic for a bit and discuss something in the news that really moved me. An article was just released claiming that researchers have identified an unknown, two-year old victim of the Titanic disaster. This little boy, whose identity has been a mystery these 93...
And there goes number 2. Yet another program has been struck down by the House. The Emergency Homeowner Loan Program has gone the way of the Short Refi. This program which helps homeowners who can’t pay mortgages because of unemployment has been officially canceled. Most lawmakers agreed that this program also needed to be tweaked...
RIP FHA Short Refi Program. Your time has come. The House of Representatives has voted to end the program which helped homeowners who were underwater refinance with a reduced principal. In a 256 to 171 vote, the program was officially ended with both some Democrats and almost all Republicans behind the move. And more government...
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