From the category archives:

Foreclosures

Commentary

Foreclosure Anyone? Obama’s $75 Billion Homeowner Bailout: Some Say Success Is Far From Certain

by Charles Feldman | February 19, 2009

Wall Street, banks, even car companies got faster help from the government in the form of one bailout or another, than did the average homeowner in this country. And, now that “help” is at hand, the real question to ask is: will it do any good?
President Obama has now revealed his much anticipated “lifeline” to [...]

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Commentary

Obama to Detail Housing Bailout Plan on Wednesday

by Joshua Dorkin | February 16, 2009

So far, we’ve tackled the subprime lending crisis (and failed), the credit crisis (and failed), we’ve got a TARP, a Stimulus Package, Trillions of dollars in borrowed debt repayments as a result, and from what the Wall Street Journal tells us, we’ll learn about the President’s Housing Bailout Package – aka. Foreclosures R US, on [...]

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Commentary

Major Banks Announce Halt in Foreclosures for One Month; Await Obama Plan Details

by Joshua Dorkin | February 14, 2009

As the spending stimulus package passed the House and Senate on Friday, lenders large and small took action to stem the tide of foreclosures (1 every 13 seconds) until more details were revealed about President Obama’s $50 billion plan (that’s the portion of the stimulus devoted to foreclosures, according to the AP).
Fannie Mae, Freddie Mac, [...]

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Commentary

How Much Time is 13 Seconds? Enough for Another New Foreclosure

by Joshua Dorkin | February 5, 2009

Remember the Rolling Stones song “Time is on Our Side”?
It seems that that song might finally be outdated!

According to the Center for Responsible Lending (CRL), we’re running out of time. Their website has a counter that sums up the total number of foreclosures since January 1, 2009, and every 13 seconds the counter ticks [...]

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Cool Stuff

New Foreclosure Technique for 2009?

by Joshua Dorkin | January 23, 2009

Will the banks take up this new technique in dealing with foreclosed homes?

Photo by: Colin McMillen

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Blogs

A National GO Zone?

by Richard Warren | January 12, 2009

When portions of the gulf coast states,                                                    Alabama, Louisiana, and Mississippi, were ravaged by Hurricane Katrina in 2005, the Government stepped in to create the Gulf Opportunity Zone, or GO Zone. The idea was that the best way to attract private investors to the area was to create tax incentives that were too good to [...]

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Financing Real Estate

For Real Estate Investors, Finding Good Loans Is Tougher Than Finding Good Deals

by Steve Heideman | December 29, 2008

With home prices falling across most parts of the country, investors in real estate are finding good value in certain rental properties. Unfortunately, they’re also finding it harder to get approved for a home loan.
After getting stung by defaults, conforming mortgage standards for non-owner occupied home loans tightened dramatically last quarter.
One major change was the [...]

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Foreclosures

New Data: Housing Crisis Gets Worse; Many Modified Mortgages Still Delinquent!

by Charles Feldman | December 23, 2008

Housing Bailout Programs Flop!
What programs there are–and there aren’t many–to bail out homeowners who are facing foreclosure are turning out to be total flops according to some new data reported by Reuters News Service.
Apparently, “the rate of re-default on modified mortgages is rising and may worsen as the economy deteriorates,” Reuters quotes banking regulators [...]

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Foreclosures

Is Now the Time to Buy A Foreclosure?

by Tom Koziol | December 12, 2008

A great question that has probably been asked a million times or more. It probably has been answered a million different ways too. My answer is yes but with 3 caveats.
I fully realize the answer spectrum has many more than 3 but I thought I’d pop out the 3 I think are at the [...]

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Foreclosures

Santa Faces Foreclosure; Victim Of Subprime Debacle; Seeks Christmas Government Bailout

by Charles Feldman | December 10, 2008

Ho! Ho! Ho! boys and girls (and real estate investors) — it’s that time of year again–Christmas –when the holiday spirit is in the air. Jingle those bells! You know you want to. But, there is a slight problem this Yule time season (well, okay, a big problem) that just may dampen your good cheer. [...]

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Commentary

How To Get Billions–Yes, Billions–To Head Off Foreclosure & Buy That Flat Screen Deluxe Home Entertainment System, Too

by Charles Feldman | December 3, 2008

I have discovered the only sure fire way to avoid a foreclosure.

If you do this, you will keep your house, never have to worry about another payment and—here’s the best part–have tons of money left over to play with—maybe take a trip or buy that new car or have that nose job you’ve been wanted [...]

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Commentary

Steer Clear of Loan Modification or Foreclosure Rescue Practices

by Rob K. Blake | November 22, 2008

I got an email a few days ago from the Colorado Department of Real Estate, the mortgage broker regulator, outling their new interpretation of “Loan Modification” as “mortgage brokerage”. I guess they are getting a lot of complaints from foreclosure victims who lost money to grifters posing as “Foreclosure Rescue Specialists” that promise a [...]

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Commentary

It’s The Mortgages, Stupid! Negative Equity Flu Spreads; Whole Town Falls Ill

by Charles Feldman | November 12, 2008

During the Clinton years, it was, “it’s the economy, stupid!” Now, without doubt, “it’s the mortgages, stupid!” Without a major fix, the global economic meltdown, most experts say, will only grow worse.
And, if you think that is not possible, just check out the value of GM shares! They’re so weak, you can almost [...]

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Commentary

Foreclosure And Social Policy

by Tom Koziol | October 24, 2008

It would be a severe understatement for me to say everyone has an opinion on this mega foreclosure problem happening today. However, it wouldn’t be an understatement to say Sheriff Thomas Dart of Illinois actually expressed his opinion.
If you haven’t heard of him, use your friendly search engine and you’ll see many interesting articles. He [...]

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Commentary

Wow! A Great Plan To Rescue Homeowners Facing Foreclosure. REALLY!

by Charles Feldman | October 19, 2008

Every now and then, something comes along when I think to myself: Gosh (well, I would probably use a stronger word, but you get the drift), why didn’t I think of that??? I mean, I would have loved to have been the one to invent, say, the airplane, or television (maybe not television) [...]

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