Homeowners with 2nd’s with Bank of America May be eligible to Have Them Be Expunged!
Borrowers with second liens owned and serviced by Bank of America ($8.93 -0.03%) may qualify to get their subordinate debt extinguished entirely. The banking giant mailed 150,000 letters to pre-qualified homeowners who are eligible to have their Bank of America...
In-N-Out Heiress Lynsi Martinez Spends $17 Million on Bradbury Digs
Not sure if her parents would approve... Mz. Martinez, the ordained head of the best hamburger int he Free World, In-N-Out is blowing through her wad of cash buying lavish homes throughout the LA Basin...including 2 mansions in neighboring Glendora (my home town and...
California Home Prices Up! More Short Sales
Declining inventory helps explain why the statewide median price of an existing, single-family detached home rose to $343,820 in August, up 3 percent from July and up 15.5 percent from August 2011, according to C.A.R.
Home Prices Rise in August 16% Year over Year…More Short Sales
Existing home sales and home prices both improved in August, with sales rising 7.8 percent on a seasonally adjusted annual basis. According to information released this morning by the National Association of Realtors® (NAR) August was the sixth consecutive month for...
To Move Forward….Stop Looking Over Your Shoulder!
Many of us live our lives stuck somewhere "back when," fixated on days--or people, or circumstances--gone by. In todays economy, the "good old days" can be hard to let go of...but living in the past, it is absolutely holding you back from living your very best life...
Housing's Powerhouse Lobbyists
Senate and House Passed Home Buyers Tax Credit; Off to The President
The US Senate has agreed to extend the Home Buyers Tax Incentive to September 30, 2010. It swiftly passed through the House earlier this week. The first attempt to extend the date from June 30 to September 30 failed because of the political "Pork" that was attached to...
Home Tax Credit Still Has A Chance!
Today is the closing deadline for home buyers to get their $8000 tax credit if they're first timers and $6500 if they're repeat buyers. This is if they signed contracts by April 30th. Previous efforts to extend the deadline failed, but a new move is afoot that may...
Should United States use Canada as an economic role model…Housing Dream or Nightmare?
Bank Of America Doing "Everything Possible" To Approve Short Sales and Avoid Foreclosure
More than 232,000 properties in some stage of foreclosure were sold during Q110, taking up 31% of all residential sales, according to RealtyTrac, an online foreclosure marketplace. But that total is dropping. RealtyTrac included properties either in default, scheduled...
Breaking News! In a 409-5 Vote House Passes Home Buyer Tax Credit Extension; Senate Tomorrow?
In a 409-5 vote, House lawmakers have passed a standalone bill that would extend for three months Wednesday's deadline for closing on a home purchase in order to claim the federal homebuyer tax credit. The Senate could vote on the bill, HR 5623, as soon as tomorrow,...
Sellers Doing Rent Back From Buyer…Is There A Problem With That?
Here we are, the Inland Empire....devastated by home values that have decreased up to 60%, unemployment reaching an epic 17 to 20%...a community at large doing all they can to help assist those in need. Can we get real...just for a little while? As realtor's...
Strategic Defaults Up 53% From One Year Ago
Are We In Early Stages Of The Third Depression? Housing Market, Unemployment,Government Deficit
Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass...