bailout

More Government Intervention? No, Thanks!

by Alex Cortez | August 1, 2010

With strong lobbying from various groups, President Obama signed a Homebuyer Tax Extension, thereby giving 3 additional months for qualifying transactions to close (and let’s face it, short sales take time and even with the extension some just won’t close in time). And now there are already many in the real estate industry clamoring for [...]

2 comments Read the full article →

Real Estate

Should the Home Buyer Tax Credit Deadline be Extended?

by Alex Cortez | April 25, 2010

With the deadline rapidly approaching for the $ 8,000 and $6,500 tax credit for home buyers, there are many consumer groups who are calling for an extension. Should the real estate community lobby behind consumers and request an extension?

8 comments Read the full article →

Real Estate News

The Ten Best in RE.net This Week: April 3, 2010 Edition

by Dean Ouellette | April 4, 2010

1 ) “Stealth Bailout” – Is the new mortgage bailout plan really a way to help homeowners, or as some are now saying, really just a way for some with junk paper to recoup some of their money from the taxpayers? 2 ) HEFI: Home Equity Fractional Interest – I have been a big believer in [...]

1 comment Read the full article →

Commentary

Sure, Walk Away From Your Loan, Why Not?

by Brendan O'Brien | December 20, 2009

I wish I could write a happy post about the Christmas spirit right now, but I’m not in a generous mood. I just read this article in which a professor of law advocates that people who are having trouble with their mortgages just walk away – free as a bird – and to heck with [...]

20 comments Read the full article →

Commentary

A “New World Order” May NOT Be Good For Real Estate Industry

by Charles Feldman | September 9, 2009

real estate bailout mortgage An article out of the McClatchy Newspapers group caught my eye today…in particular some numbers that may not bode well for a robust real estate industry recovery any time soon.

Bailout and Regulation Nation

The article, about how a new financial world order has emerged out of the wreckage of the sub-prime mortgage fueled disaster that exploded one year ago this week, explains why it may take many years to climb back even half way up that economic ladder most of us fell down from last September.

3 comments Read the full article →

Commentary

A Small Potato Gets Fried; Bailout Anyone?

by Tom Koziol | March 6, 2009

I moderate a debt discussion forum. By itself, that’s no big deal given there are probably 20,000 forum moderators in the U.S. However, I thought one post from the forum was worthy of exposing. I am not hawking the site, I am taking one post for discussion purposes and for anyone who cares to check [...]

0 comments Read the full article →

Real Estate

How Do You Spell Mortgage Relief? How About B-A-N-K-R-U-P-T-C-Y

by Charles Feldman | March 4, 2009

Mortgage Relief + Congress = Bankruptcy Court Looks like the ever expanding home mortgage crisis will be headed to courtrooms after all. Democrats in the House have apparently come to terms on legislation that would give bankruptcy judges authority to rewrite mortgages provided borrowers could prove that they had tried without success to secure better [...]

3 comments Read the full article →

Commentary

Obama’s Not-State of the Union Speech; Comes As Home Prices Plunge; Consumer Confidence Falls Off Cliff

by Charles Feldman | February 25, 2009

It was a State of the Union speech–even though it wasn’t a State of the Union speech. It just looked, sounded and felt like a State of the Union speech. That’s probably because it was in all but name only a State of the Union speech, even though the Constitution requires a State of the [...]

1 comment Read the full article →

Economy

The Crisis of Credit Visualized: How We Got Into the Current Housing Mess

by Joshua Dorkin | February 22, 2009

I just found this video series called the Crisis of Credit, outlining how we managed to get to where we are in terms of the housing and economic mess, and of course, I had to share it with our blog readers. So . . . . Enjoy! Part 1: Part 2: Thoughts?

0 comments Read the full article →

Commentary

Need a Housing Bailout? I Admit it, I’m Unsympathetic to Speculators

by Brendan O'Brien | February 21, 2009

Have you heard of Scott Mintz? The LA chiropractor bought four houses, leveraging heavily in the expectation that real estate values would rise forever. Shockingly, they didn’t. Now, every one of his houses is underwater. Mintz not only wants his loans refinanced, he’d like the lenders to reduce his loan principal to reflect their current [...]

0 comments Read the full article →

Commentary

True Bank Nationalization Is Coming; Citi and BofA Probably First Up; Nationalization Means Salvation For The Real Estate Market!

by Charles Feldman | February 20, 2009

Let’s talk bank nationalization, folks. Why? because I think there is a pretty good chance it is coming soon–especially when talking about Citi and Bank of America–and, more important, THAT might have the biggest impact yet on solving (or helping to solve) the ever growing mortgage crisis that is still feeding the global credit meltdown. [...]

5 comments Read the full article →

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 [...]

7 comments Read the full article →

BiggerPockets News

Senate Majority Leader Harry Reid Responds to BiggerPockets Article About National GO Zone

by Joshua Dorkin | February 12, 2009

On Monday, January 12, 2009, BiggerPockets.com’s own Richard Warren wrote a compelling piece here on the Real Estate Dispatch called A National GO Zone?, proposing a solution to the nations housing crisis. At a time when housing is one of the most critical issues in the national debate, I’m excited to let our readers know [...]

5 comments Read the full article →

Commentary

Will The Feds Nationalize Bank of America?

by Rob K. Blake | February 7, 2009

There is a plethora of speculations buzzing around Wall Street with the central theme being Bank of America (NYSE: BAC) our nation’s largest bank…and biggest “cleaner upper” of the financial crises buying both Merrill Lynch and Countrywide Home Loans before they collapse…is going to get “taken over” by the government. Oh my God! The sky [...]

4 comments Read the full article →

← Previous Entries