4-Million Receive Housing Assistance

By Kevin Chiu More than 750,000 homeowners received assistance through a Housing and Urban Development program funded by the American Recovery and Reinvestment Act (TARP) to prevent them from becoming homeless, according to HUD. The figure brings to more than 4-million families who have been helped through government programs and private bank initiatives to remain… Continue reading 4-Million Receive Housing Assistance

Corporate Rentals to the Rescue

The downturn in the housing market is making it hard for many homeowners to sell, and becoming a landlord isn’t for everyone. In the troubled economy a growing number of homeowners are looking for options to pay the monthly mortgage and corporate rentals could be the answer. Landlords report rising problems with tenants, who can’t… Continue reading Corporate Rentals to the Rescue

Pending Home Sales Surge

Driven by all-time record low mortgage rates, pending home sales surged in October as home buyers sought to take advantage of low interest rates before they rose, according to the National Association of Realtors monthly report. Pending sales, which are usually scheduled to close within a month or two and are still contingent upon inspections… Continue reading Pending Home Sales Surge

Not Home Sweet Home Anymore Fighting Cancer

By Sandra Wiley A “Get Published” Contribution Home Sweet Home has left a bitter taste in my mouth. A huge real estate firm, checked out by the BBB and Arizona Board of Realtors, ruined my life. The protective agencies did not warn me about the billion dollar suit against the fraud that was committed by… Continue reading Not Home Sweet Home Anymore Fighting Cancer

Refinances Drop as Mortgage Rates Rise

Refinances took a sharp drop demonstrating that most of those homeowners who wanted to refinance their mortgages have already done so or are unable to because their homes are too much upside down, according to a new survey from the Mortgage Bankers Association. The refinance index dropped 21.6% during Thanksgiving Day week on an adjusted… Continue reading Refinances Drop as Mortgage Rates Rise

Hard Money Financing Booms as Investors Sue

By Kevin Chiu As a federal judge starts a trial over allegations that New York firms defrauded hard money loan investors of millions of dollars in assets, other hard money lenders are achieving record profits. San Diego, California based Source Capital Funding, Inc. announced it finished closing 42 loans in October and funded nearly $9-million… Continue reading Hard Money Financing Booms as Investors Sue

Foreclosure Victim Turns Consumer Advocate

By Mike Colpitts Overcome by banking fraud and lies by bank and mortgage company employees, Michael Bang became a specialist on foreclosures before authoring a book on how to overcome the fraud of bankers and strategically walk away from a mortgage. As millions of American homeowners face the nightmare of foreclosure and tough economic times… Continue reading Foreclosure Victim Turns Consumer Advocate

Home Buyers Avoid Foreclosure Properties

By Mike Colpitts A large number of home buyers are refusing to even look at considering distressed properties for sale, according to a monthly survey of real estate market conditions by Campbell Mortgage Finance as prices on foreclosures that are selling continue to fall. Four major national lenders have frozen foreclosure sales as a result… Continue reading Home Buyers Avoid Foreclosure Properties

$4 Million Tech Mansions Drive Comeback

By Kevin Chiu The vacation home market, still tumbling in a downturn in most of the U.S. is making an isolated comeback in Lake Tahoe, especially in the $4-million plus high-end range, where the titans of high-tech land are driving the mini-boom. As the disparity between haves and have-nots grows across America, gated real estate… Continue reading $4 Million Tech Mansions Drive Comeback