A twitter guy wants a yes or no answer to whether it's a good time to buy. Good time to buy? @Bubbleinfo says YES https://t.co/zFMtxTyyTo; On opposing side, @thefredglick says NO! https://t.co/t5DSOGajA1 #RealEstate — Bill Wendel (@RealEstateCafe) April 6, 2016 He...
In June, 2011, Ben Bernanke said at a live press conference: "We have told the banks to handle their REOs…..long pause………..in an economy-supportive way." Banks took that as permission to stop foreclosing, and that, combined with the California Homeowners Bill of...
Now that he is has left the Fed and has written his book, Bernanke says more individuals should have gone to prison: http://www.usatoday.com/story/news/politics/2015/10/04/ben-bernanke-execs-jail-great-recession-federal-reserve/72959402/ With publication of his...
Fannie Mae has been over-pricing their REOs by at least 10% since 2012, and have been getting away with it because buyers think that because it's a foreclosure, they are getting a deal, and because Fannie provided 'HomePath' financing where no appraisal was required....
Hat tip to SD Squatter and Nick for sending in this article about deadbeats getting their house for free - we knew it would come to this! http://www.nytimes.com/2015/03/30/business/foreclosure-to-home-free-as-5-year-clock-expires.html An excerpt: In September, Susan...
This story is humbling, but these folks could have short-sold this house years ago and gone back to living in their townhouse. How many people are not paying their mortgage, and not getting foreclosed? Hat tip to Nathan for sending this in from the wapo:...
This guy only sees negative in the real estate world. He called me once trying to get me to bash the market, and when I refused, he hung up. Even today he is still ranting: http://www.marketwatch.com/story/this-house-market-is-falling-apart-2014-08-26 Real estate...
I spoke with a long-time REO listing agent this week who agreed completely with my theory that banks have stopped foreclosing. Banks like Wells Fargo keep laying off workers: The latest round of layoffs is "the result of continuing market changes, including...
The decline in foreclosures continues, but the pundits and media don't really look into it much further. Here is the best quote they could come up with in this article, linked below (hat tip to Stormin'): "We have now registered two and a half years of continuous...
From RealtyTrac: http://www.realtytrac.com/content/foreclosure-market-report/q1-2014-home-equity-and-underwater-report-8037 “The relatively high percentage of foreclosures with equity is surprising to many because it would seem homeowners with equity could easily...
