From Ken Harney as seen in the latimes.com: Reporting from Washington: Can the Internal Revenue Service handle tax credit programs that pump out billions of dollars to homeowners and buyers? A new federal investigation on home energy tax credits suggests the answer...
The media wants you to believe that foreclosures are tanking the values of every neighborhood. They need to look a little harder at what is really happening on the street. If the banks were more realistic about their opening bids at the trustee sales, they could be...
Reader Jay saw that auction.com is now conducting trustee sales, and wanted the scoop. It's not surprising that lenders bloated with properties would be attracted to the allure of ballroom auctions. They seem like a great idea - let's gather around a bunch of novice...
On April 18th we began our contest of guessing the sales price of the Convenant Giveaway. It sold for $1,225,000 cash! We have a tie between: Daniel (theotherone), who guessed $1,200,000, and College Joe, who guessed $1,250,000. Congratulations to both - we'll double...
From Nick at the WSJ.com: Banks trying to foreclose on homeowners are hitting another roadblock, as some delinquent borrowers are successfully arguing that their mortgage companies can't prove they own the loans and therefore don't have the right to foreclose. These...
In Joe's last video he talked about the anti-deficiency rule. Here he is discussing how second-mortgage lenders still have recourse in a foreclosure:
From HW: What double dip? House prices in the United States are reaching new levels of volatility, defying trendy labeling. Tuesday news from Standard & Poor's/Case-Shiller index found the average price of a single-family home reached a new low in the first...
