By Kevin Chiu A proposal to halt the record number of foreclosures and force lenders to work with homeowners to modify mortgages was introduced in the Senate Wednesday by Rhode Island Senator Jack Reed. Rhode Island is one of the worst 10 states to be affected by the foreclosure epidemic. The bill would establish a… Continue reading Congress Finally Proposes Homeowners Help
Category: Tools
Pilot Program Could Help Home Foreclosures
By Mike Colpitts The federal government response has been painstakingly slow to the foreclosure epidemic. But one city councilman is proposing a pilot program that could give mortgage holders of distressed homes a chance to stay in their residences amid the worst economic downturn in a generation. The program, already approved by the Los Angeles… Continue reading Pilot Program Could Help Home Foreclosures
How to Buy a Home in the New Economy
By John Hines So you’ve searched the Internet day and night — Looked at hundreds of homes for sale — Filled out the forms at the bank to get pre-qualified only to find out that they won’t give you a mortgage. Perhaps your credit score isn’t high enough to fit into the underwriter’s new higher standards.… Continue reading How to Buy a Home in the New Economy
How to Fix Housing
By Mike Colpitts Editor When a surgeon goes in with a scalpel to cut he goes directly to the problem area to take out the cancer. The doctor cuts out the bad area and stitches the skin back up to heal. With all of its debate, it’s no different in real estate. The poison loans… Continue reading How to Fix Housing
Home Inspection Needed
By Penny Shreve Have you ever bought a vehicle? Chances are you spent time checking it out looking under the hood, cranking it up and driving before you put down the cash. “Why then, would you not have a home inspection done before buying a house?” asks Kevin Shreve of Shreve Home Inspection in Fairfield,… Continue reading Home Inspection Needed
Deep Discounts Offered on New Homes
By David Wilkening One of the most common phrases you hear goes like this: “Its a great time to buy:” (a) a new paved driveway for your house; (b) a new car; (c) a new home. You will certainly be skeptical of the first two answers and also the third. If you hear (c) from… Continue reading Deep Discounts Offered on New Homes
Finding a Lifesaver in Foreclosure
By Tony Evans Fasten your seat belts folks, its going to be a “white-knuckle” flight for a couple paragraphs, then some blues skies and green lights. Chicken Little may be right. H & R Block is unloading Option One Mortgage and its $53 billion sub-prime garbage. Insiders are lamenting that after Bear Stearns cut the… Continue reading Finding a Lifesaver in Foreclosure
Make Money on Investment Property
Bust or Boom How to Make Money on Investment Property By J .M. Buck Here’s a scenario that most of us have encountered: You are in your car miles from nowhere. Driving across an endless rural landscape pocked by random truck stops and the occasional ramshackle trailer court, you catch out of the corner of… Continue reading Make Money on Investment Property
Saving Money with Vinyl Siding
Since it was first invented in the 1950s as a replacement for traditional wood siding, the quality of vinyl siding has dramatically improved over the years. Like many innovations, manufacturers have improved the product over time to become one of the best lower cost alternatives to other siding materials. If you’re looking for a cost-effective,… Continue reading Saving Money with Vinyl Siding
Wealth Effect of Real Estate
It’s as American as apple pie, Chevrolet and baseball. You may not know what it’s called, but if you live in the great U.S.A. it’s had a hold on you. The “Wealth Effect” of real estate can be addictive. It’s why so many of us go to the classified ads and the computer to check… Continue reading Wealth Effect of Real Estate