News & Headlines
A directory of real estate links, outlining the most popular news and other articles as voted on by the BiggerPockets community.
Tony Severino's Links
Lenders Slow Foreclosures and Boost Shadow Inventor
While the lenders slow the foreclosure filing, the shadow inventory rises...
Senate passes amendments for a modernised bankruptcy law
A modernised bankruptcy law is now in the offing as the Senate passed a legislation today that reduces to $5000 the minimum amount required for a creditor to file a petition for insolvency.
New-home sales plunge 33% w/o Tax credits
Sales of new homes collapsed in May, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer receive government tax credits.
Fannie, Freddie Delisted from Exchanges
--The regulator for Fannie Mae (FNM) and Freddie Mac (FRE) ordered them to voluntarily delist their shares from U.S. stock exchanges Wednesday, underscoring that the once-mighty mortgage behemoths no longer have value as private firms.
How Many Foreclosures Are On Your Block-You Might Be Shocked
A popular Chicago area personal finance and real estate guru offers expert advice on making money in today’s real estate market, whether as a homeowner or investor.
REITs Are Raising Cash For Distressed Commercial Real Estate
Some REITs are raising money to fund acquisitions of distressed commercial properties.
Just call it recycling of urban real estate
Bank of America is giving cities, not private buyers, the inside skinny on new foreclosures.
Condos Vie for the Good House Lending Seal of Approval
A glut of new condominiums has prompted developers to use new marketing ploys to sell their units. One popular move: get a government stamp of approval for the entire building.
Man Pleads Guilty to $139 Million Scheme
Michael McGrath the former president and director of U.S. Mortgage, pleaded guilty to mail and wire fraud and money laundering charges
More Support for $15,000 Tax Credit for Home Buyers
this didn't take the Special Interest Groups long to get a hold of
How to Appeal a Flawed Home Appraisal
In today's turbulent real estate market, appraisals can easily kill a home sale or an application for refinancing. So what can you do if you believe you got a bum appraisal?
Minneapolis man accidentally boarded in his house
On May 12, the day the city inspector came to board up his house, Ted Poetsch was eating lunch. After living all of his 53 years at 823 Penn Av. N., Poetsch had an hour left to pack his stuff and get out. He Didnt make it
More Banks Than Expected By Obama to Return Govt Aid
The Obama administration is set to announce next week that a larger-than-expected number of big financial firms can repay their bailout funds, a sign of the government's belief that the banking system is stabilizing, people familiar with the matte...
New Law Requires Home Sellers To Provide Fingerprints
Now you are required to give a thumbprint when you check into jail and sell a house.. Cook county Illinois, home of Obama. Its gonna get worse folks, america asked for this.
Former Countrywide CEO Angelo Mozilo Charged With Fraud
The Securities and Exchange Commission announced on Thursday it is filing civil-fraud charges against former Countrywide Financial CEO Angelo Mozilo in what would be the highest-profile government legal action against a chief executive that has ar...
Coming Next: A 3rd wave of foreclosures
The next group of Americans to lose their homes seemed to have good credit and affordable loans. But those families have been walloped by the recession.
Where Can I Get A Free Copy Of My Credit Report?
Now everyone can get a free credit report - just watch your typing fingers.
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