Real Estate - 3/19 - Short Sale Fundamentals - Part 3
 
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22
Feb
Chopping Up Fannie and Freddie

Chopping Up Fannie and Freddie

At last – a ray of hope! A beacon shining through the mist of Washington chaos pointing a way towards a brighter future. Okay, so that intro was a little melodramatic, but sometimes it feels that way. And especially after all of the horrific revelations about Freddie Mac that came out recently, it’s unbelievable refreshing...

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20
Feb
California’s Foreclosure Mess Ups

California’s Foreclosure Mess Ups

Leave it to California to make the entire foreclosure industry look ridiculous. Oh wait, that already happened. Sure, California had a part in it, well technically it had a 20% part in it, but this just tops them all. An audit of foreclosures conducted in San Francisco revealed errors in, not 5%, not 50%, but...

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17
Feb
Freddie Mac’s Scam Has Cost You

Freddie Mac’s Scam Has Cost You

People are just continually shocked by the latest stories that come out regarding Freddie Mac. But the worst is only now being discovered. For years the company has been betting against the housing market and even fixing policies and programs to ensure that it fails. One of the ugliest tactics they’ve used is to make...

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10
Feb

Another Reason Why No Recovery

I’m going to have to break some bad news to you. And I know you don’t want to hear anything depressing. But I’m a guy who tells it to you straight and I don’t like to raise unreachable expectations. So let’s get serious for a second: the recovery is going to take a long time...

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08
Feb
Fannie Mae is Now Online. Uh Oh!

Fannie Mae is Now Online. Uh Oh!

Fannie Mae is now making it easier for you to get caught up in its web. Aren’t you lucky!? They’re now accepting REO purchase offers online. Wowee! Yep, you can check out the entire listing of REOs and real estate agents will be able to submit offers on the spot. How exciting! Alright, I guess...

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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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22
Jan

I Hate Economists. Don’t You?

I always encourage people to put a positive spin on a bad situation. If it’s something you’ve got to learn to accept then why not embrace it and move on? When life hands you lemons, make lemonade. And so on and so forth. But it’s an entirely different thing altogether when you lower your expectations...

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16
Jan

Jail Time for Fraudsters

It looks like Michigan is getting tough, or at least trying to look the part. As the entire country has been reeling from the repeated shocks the housing system, Michigan has decided it’s time to try a heavy-handed approach. Just check out some of the new laws they’ve put into effect to deal with mortgage...

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11
Jan

Frauds Up, But Slowly

According to the latest 2011 statistics, fraud is on the rise, but slowly. If you find that comforting news, I suggest you go back to bed – facing the real world might just not be for you. Yes, there were 1.45 million reports of suspicious financial activity last year, up from 1.32 million the year...

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