I am not an activist but after reading this story i wanted to pick up a sign and join the picket people on the streets. When i talk to people in foreclosure i always try to help first. I am not in the business of being a scrooge. If something can be done to assist,…
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Wow- 6% increase in 2011 and 10% expected over the next 2 years. It makes a landlord’s mouth water. Because of rising jobs, more people having to rent, and little construction, the rental market is soaring. Because of this situation, more rentals are going to look at buying. Financially it makes sense to them. This…
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The fed was buying up a lot of treasury bonds but have now stopped. They were artificially keeping interest rates low- in short- printing money. So if you have not purchased your own house, DO IT NOW!!! It’s also a good time to load up on as many houses as you can that cash flow….
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New laws are encouraging 5 big banks to do a principal writedown by giving financial incentives. These do not apply to fannie and freddie. The chief regulator there is refusing to do so. Do you think that this “quasi-govt” agency should be forced? Wikipedia: A is the first letter and a vowel in the ISO…
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” The number of homes sold to investors more than doubled last year, as rising rents and low-priced distressed properties fueled demand. Investors, half of them using no mortgage, bought 1.23 million homes in 2011, a 65 percent jump from 2010, according to the National Association of Realtors. Half of the homes purchased were distressed…
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I wanted to call your attention to the strict short sale timelines that mortgage servicers will be held to under the terms of the state Attorneys General foreclosure settlement that was filed in federal court this week (March 12), As reported on HousingWire.com, the new requirements for short sales include the following standards for the…
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Investors are pushing up sales by buying multiple properties at the low end-less than 200k Unfortunately this caused the median price to drop to 264k. Cash rich hedge funds and private equity firms are buying up homes at a frantic level and renting them out. This makes it difficult for regular investors to compete. Looks…
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I have been saying this for awhile. People have become too accustomed to low interest rates and think this is the norm. Those of us who have been around know this is not so. Don’t get used to it. This is a great article about what it will do to the market. GET IN NOW….
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The deal gives 5 major services-NOT NECESSARILY THE BANKS, incentives to write down the loans of severely upside down homeowners. Most of these loans are not owned by the banks and might trigger litigation by the investors whose money it actually is. Ca. was a big deal in this because they refused an earlier proposal…
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