By Mike Colpitts More than 4-million former homeowners whose homes may have been foreclosed illegally by the nation’s largest banks have received letters from the U.S. government asking them if they would like their foreclosures to be reviewed. But so disillusioned by the banking industry and their own situations, the over-whelming majority have failed to… Continue reading Former Homeowners Not Applying for Aid
Category: Advice
Bottom of Your Housing Market Hits
By Mike Colpitts Despite the troubled U.S. economy, some cities housing markets are hitting the bottom after nearly six years in the doldrums. Cities from the Corn Belt in Nebraska to Miami are experiencing upturns in home and condominium sales and higher prices. But not everywhere will experience the bottom of the market at the… Continue reading Bottom of Your Housing Market Hits
Skin in The Game Real Estate Crossroads
By Anwar Elgonemy Skin in the Game is a new book about the bloody real estate cross roads where real estate and high-finance meet. The book is not a traditional textbook about real estate finance, nor is it one of the numerous post-mortem publications that have covered the intricacies of the subprime mortgage crisis. As… Continue reading Skin in The Game Real Estate Crossroads
New Program Targets Underwater Homeowners
By Mike Colpitts A new program designed to identify underwater homeowners who may qualify to refinance mortgages has been put into operation by one of the nations largest real estate technology firms. The program targets homeowners who are more likely to walk away from their underwater mortgages. CoreLogic, which evaluates hundreds of segments of the… Continue reading New Program Targets Underwater Homeowners
Cashing In on Abandoned Property
By Kiesha Joseph Abandoned property is a term to describe real estate that isn’t currently under the direct control or care of the legal owner. This may be because the mortgage is in default, delinquent taxes are owed or the property is unsafe. The homeowner may have also walked away from the property, abandoning it… Continue reading Cashing In on Abandoned Property
Best Cities to Flip Homes in 2012
By Mike Colpitts Don’t expect it to be easy work if you plan on flipping a home this year to make a profit, but there are a few places in the U.S. that are pretty good bets to cash in to make a tidy profit, despite economic woes. The best places to flip homes in… Continue reading Best Cities to Flip Homes in 2012
Where to Move, Get a Job & Buy a Home in 2012
By Mike Colpitts The hard hit economy is mending in some areas of the U.S., while other regions continue to suffer through the dregs of a housing market still in a downturn. But among all the places that are on the mend there are a handful of fairly solid cities where you might just want… Continue reading Where to Move, Get a Job & Buy a Home in 2012
How to Avoid Being Ripped Off by Mortgage Companies
By Kevin Chiu A new mortgage website is offering homeowners and first time home buyers the opportunity to ask questions and “get truthful, unbiased and easy to understand” answers to avoid being ripped off by mortgage companies. The concept is the brain-child of Yale Roth, a former school teacher who has been making loans for… Continue reading How to Avoid Being Ripped Off by Mortgage Companies
Housing the Margin Effect
By Lance Roberts Economist With each and every report comes “hope” that maybe, potentially, somehow the moribund housing market has finally reached its inevitable bottom and is now on the verge of the next great advance. Nothing could be further from the truth. I say this with a bit of pain because I am a… Continue reading Housing the Margin Effect
Homeowner Insurance Guide
By Erika Stewart Home insurance is important to insure that property is protected in the event of emergencies like natural disasters, fires, and even over liability issues like a friend or visitor falling and hurting themselves. Having homeowner insurance protects not only the home but its occupants and their possessions. However, not all home insurance… Continue reading Homeowner Insurance Guide