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Foreclosures

Real Estate News

Fortune Magazine’s 10 Worst Real Estate Markets for 2009.

by Joshua Dorkin | December 22, 2008

Everyone loves a top 10 list, but being a part of this one is not a mark of a city experiencing good financial times. Here’s a look at Fortune’s 10 Worst Real Estate Markets for 2009:

Los Angeles, CA – Projected 24.9% drop in 2009

Stockton, CA – Projected 24.7% drop in 2009

Riverside, CA – Projected 23.3% [...]

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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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Financing Real Estate

The Top 15 Reason to Own an Apartment Building as an Investment Right Now

by Ted Karsch | October 14, 2008

You control the cash flow. Unlike other, passive, investments such as stocks and bonds, the owner of an apartment building is the CEO. If you need more cash flow and the local market will allow it, the owner can raise rents.

If you don’t want to manage the day to day operations of the apartment complex [...]

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Economy

Housing Bailout Quotes of the Day. What Real People think of the Bailout.

by Joshua Dorkin | September 26, 2008

As our great and venerable (throat clears) leaders continue to debate the bailout of banks and millions who cannot afford their homes, I thought that I’d share some quotes that might bring some perspective to the issue:
On the value of money nowadays:

And to think, $50 billion use to sound like an unimaginable amount of money. [...]

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Cool Stuff

Dogs & Cats: The Silent Victims of Foreclosure – Introducing Help Foreclosure Pets

by Jim Watkins | September 20, 2008

The BiggerPockets Real Estate Investing for Real News Blog is officially the first media outlet to announce the arrival of a new website dedicated to helping dogs and cats victimized by foreclosure.
Abandoned Animals of Foreclosure: Help Is On The Way
I have been working in the foreclosure market since I began investing in 1999 and [...]

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Commentary

Newspeak or Bankspeak?

by Ted Karsch | September 16, 2008

The parallel I find most striking between the language used by financial executives and the language used by the fascists in 1984 are what Orwell referred to as “Newspeak”.

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Foreclosures

Gambling at the Foreclosure Auction: High Stakes

by Jim Watkins | September 13, 2008

A few years ago I was in the office, when the receptionist said a gentleman was on the phone and had a question about the house he bought at the auction that day, and asked if I would talk to him.
I picked up the phone and asked what I could help him with.
Finding Great [...]

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Real Estate Investing

“Doom and Gloom” Media Good For Real Estate Investors

by Rob K. Blake | August 31, 2008

The media reports of late are all “doom and gloom” focusing on foreclosure numbers, price declines, and inventory levels. One might start believing real estate as an investment class is a bad pick and could stay that way for a long time.
Don’t believe it for a second…but before I make my case, [...]

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Economy

Say Again: A JUMP In Home Sales?

by Charles Feldman | August 20, 2008

Homes sold–up 25.5%. Homes sold–up 17.1 % Homes sold–up 48.6%. Is this happening on Mars? In Russian invaded Georgia? In the Arctic? Would you believe this is happening in, of all places, Southern California!
Well, the figures, as they say, speak for themselves. Apparently, falling home prices over the past year [...]

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BiggerPockets News

On the Brink of Rebellion: National Priorities and the Housing Crisis

by Tom Koziol | August 8, 2008

A friend of mine sent me to this website: National Priorities Project
The headline on the page reads:
National Priorities Project analyzes and clarifies federal data so that people can understand and influence how their tax dollars are spent.
There is a link titled Affordable Housing Units on the page that tells you how many affordable housing [...]

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Commentary

New Housing Bill Will Not Stabalize Home Prices

by Rob K. Blake | July 27, 2008

Yesterday in a special session the Senate passed the Housing Economic Recovery Act of 2008, H.R. 3221, with a 72 to 13 vote. This measure received such overwhelming bipartisan support so politicians could point to this legislation and say, “We are doing something to mitigate the foreclosure crisis”.
They aren’t.
This bill once converted to law [...]

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Commentary

Commentary: How to Really Handle the Foreclosure Problem

by Tom Koziol | July 25, 2008

Last week I opened my big mouth and said I’d present another solution to the foreclosure problem we are facing today. Before I do, I happened across this law:
“every insolvency of a bank shall be deemed fraudulent, and the president and directors shall be severally punished by imprisonment and labor in the penitentiary . . [...]

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Foreclosures

Feds Come Out Of Coma; Say Mortgage Crisis Worse Than They Thought

by Charles Feldman | July 9, 2008

It’s like one of those TV shows where after an entire season in which everything goes wrong for the star, he finally awakes to find it was all just a bad dream–everything was just fine!
Only, in this case, what we have are government officials who have been saying repeatedly that the economy is not as [...]

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Credit

July 4th Foreclosures: Congress Celebrates, Homeowners Vacate

by Charles Feldman | July 2, 2008

To just about no one’s surprise, the U.S. Congress failed to act on a foreclosure prevention measure before closing down for the long July 4th weekend. And, some think the Congress won’t do all that much once the weekend is over, either.

A New York Times estimate is some 55,000 more homes will be in foreclosure [...]

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Foreclosures

Foreclosure Eviction: Tricked as Tenant “Fleas”

by Jim Watkins | June 28, 2008

In 2005, I bought a house at the Dallas County auction for a California investor friend who asked me to bid in his place. With the help of a Mentoring student, Gloria Stephens, I was given valuable information about the current owner. What type of person she was and whether or not she would willingly [...]

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