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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...
So there’s a war of perception going on and as usual none of it really matters. Basically Moody’s (the same people that decided the US needed to be taken down a peg) have chopped the legs out from under three major banks: Citi, B of A, and Wells. They’ve decided that their credit ratings need...
You can actually beat your bank! You don’t need to be a millionaire. You don’t need to be well connected. You don’t even have to look particularly important. All you need is guts, determination, and the knowledge that you’re doing the right thing. That’s all is takes to get your bank back where it’s supposed...
And the award for bank that go sued the most in 2010 goes to . . . Bank of America! Later, during BofA’s acceptance speech: I can’t believe I won. I mean, I knew I’d been sued a lot, but there are so many other great nominees out there, like Wells Fargo, that I just...
On Friday, the Massachusetts Supreme Court ruled that two foreclosures down by 2 of the nations largest banks were actually invalid. Since then it has been a firestorm through the industry with people wondering what the ruling will mean for other foreclosure sales. And what that will mean for the leverage potential of a short...
The NAR put out some news to explain Wells Fargo’s new rules for short sales if a foreclosure is pending. Basically the point of the new regulations is to allow a postponement of the foreclosure if a short sale is in the works. The basic points of the new rules are: 1) the sales contract...
Wouldn’t it have been funny if all of these investigations into the banks’ foreclosure policies had turned up empty-handed? If it turned out that everything had been done properly? Well, no need to worry about that. It seems our concerns were right on the money. One bank has voluntarily reported that at least 55,000 foreclosures...
It seems that the bigger the bank, the bigger the exposure. According to an analysis just released, each of the nation’s biggest banks has $20 billion in delinquent loans. Not only that, they each have $40 billion in past-due loans. So each bank will be looking to unload $60 billion in property in the coming...
It seems the housing industry big guns have finally come around to the potential of the short sale. The NAR is meeting up with the biggest four lenders to talk about the problems processing short sales. As any of us in the field can tell you, short sales crawl through at a snail’s pace and...
Brace yourselves, people! What lies at the end of any major news story in the financial/real estate market? Why, Congress of course. And what bigger story could there be, at least for this week, than the foreclosure freeze spreading around the nation? You guessed it, Congress is now calling for sweeping investigations around the industry....
You should really check out this vid. These guys may start off really down at first, but they’ve got a great way of telling a story! See what they’ve got to say about the latest foreclosure freeze, and who hasn’t taken the bait. Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend...
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