Is the National Foreclosure Crisis Finally Over?
Tuesday, September 16
August foreclosure numbers from RealtyTrac yielded variable results by State. National results showed a sharp decline from a year ago, with foreclosures down 33%. But RealtyTrac’s Daren Blomquist says that the cleanup of distressed properties still lingers in some U.S. markets.However, data reve...
Real Estate Deal Going South? Communicate with Your Hard Money Lender
Monday, September 15
Real estate deals can be very simple or highly complicated, particularly a rehab deal whereby a property is being renovated or remodeled. For those of you who use hard money lenders on your real estate projects, what do you do when your projects run into serious issues and start to go “south?” Do...
Growing Trends in Private Money Lending
Friday, August 22
The financial technology sector, or FinTech, is growing rapidly and is churning out startups such as Square, TransferWise, and so many others. In the area of private money, there a few technology driven trends that are being tried, tested, and of course, copied. A few growing trends in private mo...
Paying $1K Per Month for a 1 Bed Apartment? Consider Buying
Monday, August 18
Inspired by an infographic on Apartments.com, I was considering the cost of renting in some of the first and second tier markets across the U.S. versus buying. The article highlights what $1,000 per month in rent can get you in some of the top U.S. cities. The reality is, not very much. In fact, ...
Oversupply of Residential Props in China Threaten its Community
Monday, August 04
Chinese real estate developers have been building residential properties at breakneck speed over the past several years. This has led to overbuilding and now a glut of inventory that is just sitting. As seen in a recent Forbes.com article, a shocking photo of a family staring at vacant, residenti...
Bank of America Employee Accepted Bribes on Short Sales
Wednesday, July 23
A bank that has earned a terrible reputation in recent years amongst whistleblower claims that employees received bonuses for reaching foreclosure quotas, Bank of America seems to be constantly under fire for its conduct during the financial crisis. Recent news regarding a short sale fraud scheme...