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...
Hat tip to JP for sending this along, from USAToday.com: In the aftermath of the nation's housing-market collapse and recession, more than 500 midsize and large cities have seen a rise in the share of homes that are rented rather than owned, according to a USA TODAY...
From the nctimes.com: "This year's Fiesta del Sol is on track to shatter last year's record-breaking crowds. We're serving up an eclectic mix of live music, multiple adult beverage venues, fun family activities, compelling food choices and great vendors ---- all by...
The Case-Shiller Index for March was released today - quotes from David Blitzer: This month's report is marked by the confirmation of a double-dip in home prices across much of the nation," David Blitzer, chairman of the index committee at S&P Indices, said in a...
