What is Veterans Day?
Tomorrow is Veterans Day. Many people equate Veterans Day to a day off of work, a day at the beach, an opportunity to throw a party…..everything that Veterans Day DOESN’T represent! Wikipedia defines Veterans Day as, “an annual United States holiday honoring military veterans. It is a federal holiday that is observed on November 11. It […]
Sad Fallout of Robo Signing
MSNBC brings us an article that reports on the untimely death of an individual that was caught up in the robo signing debacle. While I don’t agree with what she did, it’s still sad to see the effects. The article does bring up excellent advice from the Nevada Attorney General: “I would suggest you review […]
The Easy Way Out
Several Months ago I commented on an article that involved a government proposal to liquidate government owned housing inventory (read Fannie and Freddie owned properties) in bulk. The idea is to get rid of it in one fell swoop. This article, written by Diana Olick, suggests that people may be waiting to purchase houses due […]
Occupy This!
By now everyone has heard of the Occupy Wall Street movement. While the movement hasn’t changed policy….yet….it sure has brought awareness to the games that are being played on Wall Street. Justin Elliott, a Salon reporter, brings us an excellent article that high lights a new movement by, presumably, the same group. The new campaign […]
Squatting…on a different level!
Eric Goldshein from The Business Insider reports on several interesting uses for foreclosed homes. In Nevada, industrious drug dealers, are turning abandoned, foreclosed homes into grow houses…..rent free! College students in California (and I’m sure in the other 49 states as well) are able to rent houses at a fraction of the market rate. My […]
Foreclosure Review
An interesting article just came out of the state of Connecticut. Apparently the state is encouraging residents who feel that they have been “wronged” by banks (read due to foreclosures) to apply for a “foreclosure review.” In reading the article the foreclosure review appears to be a grievance process that may allow some homeowners to […]
Be Aware of the Wrath of the Credit Union
Mark Puente from the St. Petersburg Times brings us a VERY important article that everyone needs to pay attention to. If you are late on a mortgage payment (or any other payment on an unsecured note) to a credit union and you hold other loans with the same credit union (let’s say a car loan), […]
A Politician that really cares?
It’s like sitting a unicorn…or Bigfoot…or…well maybe it’s not that bad but finding a politician that actually cares is a rare site. Amanda Mole from the Hernando Independent Examiner reports on a “home foreclosure prevention workshop” that was sponsored by Congressman Rich Nugent. The workshop attracted hundreds of people on a a crisp Saturday morning. […]
A Holiday Reprieve
Seems like this is an annual event! The lenders start to play nice and stop foreclosing on people during the holiday season. While I think this is admirable, I’ve always wondered why they don’t help people stay in their homes throughout the year. I know there are those of you out there that think that […]
The Power of the Short Sale
Mark Puente from the St. Petersburg Times brings us an article that highlights the prevalence of short sales. While the article speaks to the Tampa Bay area, I would suggest that the same message can be conveyed about most metropolitan areas around the United States. According to Mr. Puente, “A spike in the number of […]
Buy Back
Sean Maher from the Contra Costa Times brings us an article that describes how an investor group is offering some hope to families that have been foreclosed on. Waypoint Homes in California purchases 30 homes per month at auction according to their founder Doug Brien. While this in itself is not unique, the unique program […]
Loan Mods are on the Decline!
Take the time to read this article. The number of loan modifications that are being approved is going down. According to the article, this is a result of lenders/servicing companies doing more short sales and deed in lieu’s. While this fact is not a real shocker to me, the rate of “re-defaults” is alarming. A […]