Lenders NOT Lending?!?!?!?!?!?! What’s up with that?
January 21, 2010 · Filed Under Real Estate · Comment
Well, here’s my theory. The lenders, aka the banks, got themselves in big trouble by not following good business practices and then came to the government (that would be us) and asked for a bail out. We (not really you and me), but the Royal we,gave them bags full of cash with no strings attached. [...]
Staying Motivated in this ever changing market
January 20, 2010 · Filed Under Real Estate · Comment
Stop reading the news. Stop watching the news. Don’t check it out on the Internet. Instead take a quick inventory of what truly is important to you. Lay down in writing what you need, want and desire to accomplish this year. Break this down into attainable daily segments and then repeat after me.
Don’t worry, be [...]
Loan Modifications… yes, again!!!!!!!!
January 19, 2010 · Filed Under Real Estate · 1 Comment
Just when you thought it was safe to go outside, here comes another sucker-punch. I know that loan mods are greeted with mixed reviews and I have probably sent mixed messages, but it’s difficult to compare apples with apples when the fruits are never the same. Did I just say that? Anyway, here’s another look at [...]
America’s slow return to Common Sense or Hud relaxes stance with FHA 90 day flip rule
January 18, 2010 · Filed Under Real Estate · 1 Comment
Yep, that is correct! Now, say that one more time using the hilarious voice of the dearly departed Chris Farley. It seems that HUD sees an immediate but temporary reason to allow buyers to use an FHA loan on a home purchased by an investor for the sole purpose of flipping.
Bad investor, bad, bad, bad [...]
Shadow Inventory? Maybe Shady Inventory would be a better description.
January 14, 2010 · Filed Under Real Estate · Comment
We can only speculate as to why the banks are not starting the foreclosure process on delinquent homeowners, or if they have started the “process”, why they aren’t finshing it. And the biggest question of all is, if they’ve completed the foreclosure process, why aren’t they putting their properties (inventory) on the market and disposing of [...]
