By Jeanne Roberts Finding a dependable general contractor may take a lot of work. Perhaps up to a dozen phone calls, Internet searches or actual trips to city hall, but it is vital for home improvement projects plus your peace of mind will be assured. Not only is your home likely your largest and most… Continue reading Dependable General Contractor
Category: 2010 Housing Market
Outlawing the New Wall Street Real Estate Financial Tool
Even before the greatest financial reform legislation is passed by Congress since the Great Depression, Wall Street bankers and creative companies are popping up to finagle another way to rake in billions of dollars in profits from real estate. Risky Wall Street practices have gained the attention of politicians at the state level, who are… Continue reading Outlawing the New Wall Street Real Estate Financial Tool
Hard Money Lending Booms in Tough Economy
By Kevin Chiu Hard money lenders, where the downtrodden and desperate seek money are having a field day in the current tough economy, reaping huge profits from clients, most of whom are just trying to get by from day to day. The real estate market has been hit hard and many conventional mortgage lenders, including… Continue reading Hard Money Lending Booms in Tough Economy
Flood Insurance Halt Stalls Real Estate
By Lindsey Hadwin The halt of the National Flood Insurance Program (NFIP) is having a ripple effect on real estate home buyers, mortgage lenders and real estate agents endangering the housing market, still suffering from a downturn in many areas of the country. The National Association of Mutual Insurance Companies estimates that about 1,200 home… Continue reading Flood Insurance Halt Stalls Real Estate
Financial Reform Act Includes Mortgage Relief to Aid Millions
By Kevin Chiu Mortgage relief for unemployed homeowners at risk of foreclosure is included in the sweeping financial reform act expected to be signed by President Barack Obama. The aid is aimed at helping millions of homeowners who have been thrown out of work by the troubled economy. Members of Congress agreed to spend $1-billion… Continue reading Financial Reform Act Includes Mortgage Relief to Aid Millions
Mortgage Rates Hit All-Time Low
Mortgage rates to purchase or refinance a home hit their lowest level of all-time this last week just as home sales showed signs of slowing as a result of the federal home buyers tax credit expiring. The rate for a 30 year conventional mortgage slipped to 4.69%, the lowest rate on record. Interest rates are… Continue reading Mortgage Rates Hit All-Time Low
Florida under Siege by BP Oil Spill
By Mike Colpitts Resting on star power and little government regulation of the oil industry over the last two decades, the BP oil spill is likely to provide a one-two-punch to Florida’s ailing economy, pulling real estate prices down further, decimating their already bargain rate prices. Florida is under siege. The greatest environmental disaster in… Continue reading Florida under Siege by BP Oil Spill
Emergency Housing Foreclosure Aid Gains Approval
By Mike Colpitts State Housing Finance Agencies in five of the states hit hardest by the foreclosure crisis have been approved to start using $1.5 billion in emergency housing foreclosure prevention aid under plans approved by the Obama administration. The “Hardest Hit Fund” targets California, Florida, Arizona, Michigan and Nevada. The funding supports measures to… Continue reading Emergency Housing Foreclosure Aid Gains Approval
Tenants Major Rights in Foreclosure Cases
The current foreclosure crisis has had a far-reaching impact on individuals and businesses in the U. S. not just on those home and business owners who fell dangerously behind on their mortgage payments taking their property to foreclosure. Tenants who faithfully paid their rent each month have been evicted from their homes because their landlords… Continue reading Tenants Major Rights in Foreclosure Cases
SEC Busts Wall Street Firm in Real Estate Collapse
Under new leadership the Security and Exchange Commission (SEC) charged a Wall Street firm and three affiliated companies with fraudulently managing investments tied to the real estate collapse. The investments were marketed as a way to raise income to insure home mortgages in the risky days before the U.S. economy nearly collapsed. The asset manager… Continue reading SEC Busts Wall Street Firm in Real Estate Collapse