4 Steps to Purchasing a Home
The buying process can be overwhelming and intimidate even the most seasoned of buyers. Follow these 4 steps to success in purchasing a home
Altisource and OCWEN…Hmmm…All in the Family
Something fishy here…the majority shareholder in Altisource is also the Founder and Majority shareholder in OCWEN
Buyers…It’s Your Time To Buy…Homes Sales are at an 18 Month Low
One thing is always a sure thing…nothing is a sure thing!
April 2013…sellers pumped to ge their homes on the market and reap the return of the “sellers market”. April 2014…what? a 3rd bubble has burst…with home sales down at their lowest point in 1.5 years.
Increased Home Values are Not as They Appear
Thanks to Core Logic we can get a pretty clear picture of what is going on in our housing market.
California Foreclosure Activity in November 2010
CA - Filings By Loan Origination Date CA - Filings per Loan Balance CA - By Est. Market Value
Panel finds Treasury spent $4.3 million in HAFA short sales
Hot off the press.... Tuesday, December 14th, 2010, 10:30 am The Treasury Department spent $4.3 million on incentives to servicers and investors through the Home Affordable Foreclosure Alternatives program through November, a fraction of what it spent on HAMP,...
Mortgage Rates Rise…Refinance Applications Fall
As the yield on the 10-year Treasury hits a six month high, you can almost hear all the doors slamming over in refi land. While you'd think most borrowers had already refinanced their loans to take advantage of the recent record-low interest rates, many have actually...
Freddie Mac Say's "NO" to Scrooge and Christmas Foreclosures
Government mortgage financier Freddie Mac announced today that it will again suspend evictions this holiday season. From December 20 to January 3, all evictions involving foreclosed, occupied single family and 2-4 unit properties that have associated Freddie...
Foreclosure at All Time High…7.4% Higher Than Historical Average
Foreclosure inventories rose to all-time highs last month, according to the October Mortgage Monitor report released by Lender Processing Services. As of the end of October, foreclosure inventories were 7.4 times higher than the historical average and rising. This is...
Second Lien Holders Causing Problems at Close…WSJ Thanks For Finally Recognizing!
This has been a serious issue since the Short Sale boom hit in 2007. It's great to see that we...the Real Estate Agents in "the trenches" are getting some exposure on this very difficult situation that only hurts the seller and the buyer of these distressed homes....
The Rich Are Renting!
Fascinating article today on CNBC about how the rich and super rich are choosing to rent as opposed to purchase...why? It seems that many of the rich have seen so many others get burned int he current real estate market. These trends are not as surprising as the...
The Darney's are Interviewed in the Contra Costa Times…C.A.R. Reports Sharply Increased Home Prices
http://www.contracostatimes.com/california/ci_16695640?nclick_check=1 Joe Nelson, Staff Writer Posted: While California home sales showed a statewide decline in October, from both the previous month and previous year, some cities in San Bernardino County showed a...
FBI Raids Hedge Funds…"Steal A Little And They Throw You In Jail, Steal A Lot And They Make You King"
This is breaking news from Huffington Post... This only affirms what we, Kim and I have been "preaching" for the last 2 years... The greedy "B?+%&@^*!" from BofA...Ken Lewis (just retried with a $100Million Platinum Parachute) These are the real thieves...may they...
Shadow Inventory Is Growing at Alarming Rates, more Short Sales and Foreclosures
Well, no surprise here...how do we get out of this? I have to agree with Diana Olick on the investor spin, with lending restrictions as tight as they are we need to get those cash buyers to get in the game and help eliminate some of this inventory. As real estate...