It's costing the taxpayers more than $7 billion, but nobody in government wants to be the one who foreclosed or evicted people during a pandemic. I'd guess that a Covid loan-modification program is coming next: Today, to help borrowers at risk of losing their home due...
Hat tip to Susie who sent in this article about a law recently passed in California: The new rules apply to one- to four-unit properties sold at foreclosure auctions. If an investor wins one of those homes at auction, then people who want to live in it, as well as...
Another story demonstrating how free enterprise is being squeezed: California is taking steps to avoid a repeat of the conversion of thousands of single-family homes from ownership to rental properties as occurred during the Great Recession. In late September, the...
With our unemployment rate being higher than it was during the Great Recession, it would be prudent to worry about homeowners defaulting on their mortgages.....except we didn't even make this list: Those who do go into default should find their lenders being very...
Our reader 'just some guy' sent in this article and quipped about these writers who insist on promoting a foreclosure scare due to the pandemic. But it is worth noting because it could become a self-fulfilling prophecy just due to the lack of a counter-argument being...
This presentation covers both sides of the concerns about home values plunging because of the effects of the pandemic on the economy. Suze says don't buy a house until later this year because there could be foreclosures, and David points out that the CARES Act already...
This is my eight minutes of TV fame - I was saying back then that virtual tours were inadequate:
A viewer's comment on YouTube led me to this terrific inside view of the 2008 financial crisis, and the resulting impact on the world. It rightly blames the entire fiasco on the Tan Man, who pitched his mortgages to Wall Street based on the yields generated if...
They won't foreclose on you, but your credit score will be affected. From the AP: Certain borrowers nervous about missed house payments got some relief as two major government backers of mortgages have said they’re stopping foreclosure work for the next 60 days. The...
Kayla flew home from Manhattan this morning on Delta - there were only 20 people on the plane! Her Douglas Elliman offices are closed through March 31st and probably longer. Hopefully she didn't bring the bug back with her, but it's better than her catching it there...
