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Ca. is not the bad boy any more. In fact, its rate is now 1/2 of fla. Short sales and foreclosures still make up more than half of all sales in ca. Read the articles
The new and praised settlement with banks to help homeowners in trouble is more business as usual. If you read the article you will see that they actually paid nothing. None of the “new” laws are new. What they did was criminal fraud and is already law. You have to read this article.
so many condos associations are in trouble because too many people are not paying their condo dues so the rest of the folks have to ante up- or the associations are in big do-doThat is why fha won’t grant the loans. Do if you are a condo owner you are stuck. However, if you are…
Banks have to fork over lots of money to struggling homeowners. The problem is its onlky a few banks and IT DOES NOT INCLUDE FHA OR FANNIE MAE LOANS. Huh? That’s 60% of Ca. loans read the story Merriam-Webster: read definition: to receive or take in the sense of (as letters or symbols) especially…
I have the benefit of time. I have seen this happen time and time again. A beaten down area makes a big recovery and creates the next set of millionaires. In the 1990′s it was Texas. When i went on a road trip across the country i could have bought gulf front homes forn20k. In…
12 items that will trigger an audit. Avoid them!! click here to read
It’s about time. This new era of appraising is filled with crookedness. They did this to protect against fraud but, as usual, the govt went too far the other way. There is now more problems than ever. Appraisers are underpaid so only the newbees do it. Banks are making most of the money from appraisals….
A study of the fed reserve meetings from 2000- 20006 showed a progressively increasing amount of laughter as the bubble grew. The laughter soon stopped. They must have been getting something from this. What was so funny? We are not laughing now. read the article
I read an article yesterday that said home owners are getting more help. It also said that the program will include investors. I have no idea what that means but they need to get investors involved and make it easier for them. The govt is also going to increase incentives to the big banks to…
They said that they did not know the housing market would collapse when it did. Huh ? I knew and they did not? Something is fishy. Well now they have to release the copies of their meetings with a 5 year delay. So now we can read what went on in 2006 at the fed…
