Health, unemployment, stairs, taxes, finances, politics.......selling your home is becoming the answer for everything! More than 2.5 million American homeowners have stopped paying their mortgages, taking advantage of penalty-free forbearance periods offered by...
Here is a bunch of happy talk by three ivory-tower guys, but they never considered the consequences. Preventing foreclosures and pushing down mortgage rates helped to create a safety net that caused buyers to rush back into the market. Prices went up too quickly,...
Love this little tidbit that was tucked in at the end of the article: LINK
The real estate market in our neighboring Orange County has performed much like San Diego's. Here, Jon outlines the 12 differences between the bubble days of 2007, and now: http://www.ocregister.com/2017/08/06/orange-countys-housing-bubble-10-years-later/ These stats...
An employee of the Bank of America recently told me that they are not extending any of the loan modifications that have been issued over the years, to which I chuckled. "What are they going to do, foreclose?" "Yes" was the response, which got a chortle out of me. ...
It's been well-documented that Ben Bernanke and others told mortgage lenders in 2011 to not do anything to disrupt the economy, which was gov-speak for lay off the foreclosures. Kamala Harris virtually outlawed foreclosures in California with the Homeowners' Bill of...
Another entity that had to radically change their business when banks stopped foreclosing was Foreclosure Radar. Their product line has expanded to appeal to the masses, and they've kept their market reports coming: LINK Here is an excerpt from this week's report:...
The latest foreclosure numbers are out, and we're down to less than 1% of all mortgages being in foreclosure: The national foreclosure inventory – the number of loans in the foreclosure process – fell 29.6 percent year over year in August 2016, according to the latest...
Collateral damage from the on-going No Foreclosure era - hat tip to Richard! http://www.nytimes.com/2016/05/15/us/las-vegas-squatters-housing-collapse.html LAS VEGAS — On a drive through this desert city, the blight from the housing collapse of eight years ago can be...
More on how the game has changed forever: http://www.housingwire.com/articles/36843-treasury-committing-1-billion-more-to-fight-blight-help-struggling-borrowers?
