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Failed HAMP Trial Backlog Increases 22 Percent Since July

Tuesday, January 04

Most of the major mortgage servicers participating in HAMP have failed to take action on just over a quarter of a million delinquent mortgages which either never qualified for a trial modification or have been canceled out of their loan modification trials as of October. This backlog has incr...


2010 Third Quarter Sees 31% Foreclosure Increase

Tuesday, January 04

The Office of the Comptroller of the Currency, which oversees the largest banks, reports these banks had a third quarter 31.2% increase over the previous quarter in foreclosures. The third quarter had 382,000 home foreclosures. The OCC foresees more foreclosures coming as 1.2 million homes we...


Will Bankrupt Cities be the 2011 Story to Displace Housing Decline?

Tuesday, January 04

I’m starting to see a few reports on this and the implications could be significant. States like California have been in big financial trouble for quite some time. However, some towns and cities are under massive financial strain as well. Research analyst Meredith Whitney—who correctly predict...


Will Property Appreciate in 2011?

Thursday, December 30

If you are to believe, without question, some of these reports and forecasts, like the one issued in the last week by Veros Real Estate Solutions, property appreciation is expected in some 40 percent of major metropolitan areas. Veros expects a 2.5-3.5 percent appreciation on home values in 2...


11 Ways to Predict Your Success in 2011 Real Estate

Thursday, December 30

This year was hardly a banner year—again—for most real estate agents. The question is, will you mire in this or will you break out of these doldrums in 2011 and be successful? Here are some guidelines for predicting your real estate success in 2011: 1. If you think the term social media is just...


You Can’t Polish a Social Media Terd

Wednesday, December 22

I was discussing matters with a team member recently.  We both agreed that a system we were using in our office was not working and needed to be thrown out and not re-built.  Without hesitation he summed it up…”you can’t polish a terd.”  Say what?  I could not contain the laughter. Never bef...