Foreclosures
Foreclosures by Richard Warren | February 22, 2010 
Several weeks ago I reported that Las Vegas, one of the cities with the highest rate of foreclosures, received none of the $2 billion in Federal relief dollars (article). That situation has now changed. It was just announced that Nevada is to receive $100 million in Federal aid. While the amount is merely 6.67% of [...]
Read the full article → Foreclosures by Florence Foote | February 16, 2010Recently, I wrote about the path of progress and why one should consider investing in areas that will benefit from, for instance, the building of new rail lines which reduce commuting time and increase the quality of life for those who have access to such facilities compared to those who do not. As most people [...]
Foreclosures by Richard Warren | February 15, 2010Unless you’ve been living under a rock the last few years, you are well aware of the foreclosure crisis in this nation. Politicians have been creating plans that have been mostly ineffective. Loan modification companies have been popping up all over the place and bankruptcy lawyers are having a field day. Banks have created plans [...]
Foreclosures by Charles Feldman | February 10, 2010 
So many homeowners are now underwater (they owe more than the value of their property) Obama may want to offer a federal program to give scuba lessons to everyone! More than one fifth of ALL homeowners were underwater in the last quarter of 2009, according to Zillow.com and reported by BusinessWeek. And, if that weren’t [...]
Read the full article → Foreclosures by Florence Foote | February 9, 2010Nationwide, 1 in 4 mortgages were underwater by the end of 2009. Recent research suggests when a negative equity hits 25% (i.e., the borrower owes 25% more than the market value), borrowers tend to walk away from their mortgage, even if they are perfectly capable of making the payments. These two trends, taken together, can [...]
Economy by Brian Brady | February 5, 2010If you know who Pete Seeger is, you’ll recognize that I’m about to pirate the song he sang about the cyclical nature of war. Hang in there. I promise I’ll tie this into real estate investing. Where have all the houses gone? Gone off balance sheet, every one. When will they ever learn? When will [...]
Foreclosures by Peter Giardini | January 19, 2010 
Before I get started on this weeks commentary, I’d like to thank BiggerPockets member Richard Warren for posting the article, “Bank of America to release homes” on the BiggerPockets Bulletin. While the title is pretty straight forward, there is a great deal of information within, about what is happening throughout market. Several points that I believe [...]
Read the full article → Foreclosures by Winston Westbrook | January 18, 2010A short while back I started noticing properties popping up in the surrounding Victorville neighborhoods with HUD homes signs in their windows. This caused me to revisit HUD homes, and I recently got approved to sell HUD homes in California. I didn’t want to get caught off guard with a client asking about a home [...]
Foreclosures by Richard Warren | January 18, 2010 
While the flap of Senate Majority Leader Harry Reid’s recent comments created a stir nationally, it was a non-event in Las Vegas. Locals simply chalked it up as a case of “Harry being Harry,” his reputation for misspeaking is well known in his home state. A much bigger ruckus was caused by President Obama last [...]
Read the full article → Foreclosures by Charles Feldman | January 13, 2010 
If you are like the small, but growing army of folks who have dumped their homes back on the banks in a short sale—and are feeling pretty good that you managed to get the bank to forgive all that debt you owed—stand-by! The IRS is about to dump an even bigger one on YOU! Ever [...]
Read the full article → Foreclosures by Charles Feldman | December 22, 2009 
No way to sugar coat this. The news on foreclosures is not good. A new government survey reveals that both foreclosures and delinquencies went up in the third quarter, despite government attempts to get banks and other lending institutions to modify loans for those in financial distress. The problems are many: For one thing, many [...]
Read the full article → Foreclosures by Tom Koziol | December 18, 2009 
When it comes to experts in the foreclosure arena, there doesn’t seem to be a shortage. However, when you sort through the experts, only a few stand out. In an article on Yahoo, a gentleman named Peter Flint, CEO of Trulia, was interviewed. I would bet, from his perspective, he has a better handle on [...]
Read the full article → Foreclosures by Tom Koziol | December 11, 2009 
After my son read my last week’s post about buying a home, or homes, at auction, or during the foreclosure process, he asked me why a bidder simply couldn’t make his or her bid contingent on a professional home inspection. On the surface this seems like a sophomoric question. That’s on the surface. When you [...]
Read the full article → Foreclosures by Ryan Moeller | December 8, 2009 
A few times a month I get a call from a friend about a screaming deal on a foreclosure in their neighborhood. I love my friends, but always find the calls to be hilarious. I ask them about the property and they explain it is worth $200K and can probably be purchased for about $185k [...]
Read the full article → Foreclosures by Winston Westbrook | December 7, 2009 
This week I would like to spotlight five mistakes being committed by real estate agents on their REO property offers to the banks. I hear from countless other broker and investor friends in the Southern California area how frustrated they are that their bank REO offers are not being accepted. When they send me a [...]
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Joshua Dorkin
