Category: Financing

By Sharon Williams Buying your first home is like a dream for most people. But the dream has been placed on an indefinite hold by millions of Americans troubled by the financial crisis. Qualifying for a mortgage these days has gotten tougher with economic uncertainty. There’s no doubt that in life dreams change over time,… Continue reading Homeowner Dreams on Hold

Developer to Winemaker By Mike Colpitts Marlboro, New York — As an independent thinker and winemaker Stephen Osborne isn’t the type one would expect to end up in the rural out-back of Upstate New York. But it’s his type of fierce independence that brought him to become a revolutionary developer turned businessman in the comforts… Continue reading Land Developer to Winemaker

By Mike Colpitts Manhattan – Tourists flock to Times Square by the millions. Broadway shows are selling out, many packed by audiences from foreign countries at discount ticket rates. New York City is a maze of pedestrians on any given business day with people hurriedly moving from place to place. To the naked eye little… Continue reading Can We Ever Get Out of This Economic Mess

By Mike Colpitts A Cincinnati, Ohio company has launched a program, coming to the rescue of homeowners at risk of foreclosure. American Homeowner Preservation is the first private company to offer troubled homeowners and renters a way to stay in their homes without being foreclosed. The program is being called, “Cash for Clunker Mortgages” but… Continue reading Investors to the Rescue of Troubled Homeowners

The New Year will bring discounted values in real estate for average Mom and Pop home buyers and investors as the fallout from the worst housing crash since at least the Great Depression pulls prices down, and forces mortgage lenders to drop asking prices. The inventory of delayed foreclosures and short sales will allow home… Continue reading Biggest Buyers Market Forecast in 2010

A new program announced by the White House for state and local finance agencies is intended to keep mortgage rates low and expand mortgage lending. The program is part of the Obama administration’s plan to stabilize the housing market. The program would expand lending for low and middle income borrowers through local Housing Finance Agencies… Continue reading White House Plan to Expand Mortgage Lending

By Mike Colpitts The rapid decline of housing prices is easing in many of the worst hit markets with slower housing deflation, according to a study of the most severely affected markets by Housing Predictor. The impact may lead to improving conditions and could soon signal a bottom to the market in some areas of… Continue reading Housing Deflation Easing

Foreclosure notices were reported on nearly 1-million U.S. residential properties in the third quarter, marking a five percent increase from the second quarter, according to RealtyTrac. One in every 136 residential properties received a foreclosure notice in the last three months. Some 937,840 properties had foreclosure notice filings. However, notices dropped four percent in September… Continue reading Foreclosures Rise in Third Quarter

By Mike Colpitts The huge number of homeowners who say they will walk away from mortgages if housing prices keep falling could have long lasting repercussions for the U.S. economy that would take years to emerge from. According to a new survey conducted by Housing Predictor, as many as 25-million homeowners may walk away from… Continue reading Foreclosures Could Hit 25 Million