By Mike Colpitts Editor The bottom of the real estate market will hit the over-whelming majority of housing markets in mid-2009, according to the newly issued Housing Predictor forecast. Most markets are still working through their downturns and wont see light at the end of the tunnel until sometime in early 2009. However, some especially… Continue reading Bottoms of Real Estate Markets to Hit 2009
Turn Out the Lights
By Columnist Tony Evans Dandy Don Meredith, former Dallas Cowboy’s QB used to sing, “Turn out the lights, the party’s over,” when there was no hope for the opposing team to win the game. With that thought in mind, will the last person leaving Detroit, Miami, Las Vegas, and Phoenix please turn out the lights… Continue reading Turn Out the Lights
Time to Buy or Rent Housing
By David Wilkening Conventional wisdom has it that rental housing is throwing money away. But is it really in these times? Not necessarily. It depends in part on where you are located, but in many areas of the U.S. rents are being held down by the dramatic overbuilding of homes and condominiums. In hyper overbuilt… Continue reading Time to Buy or Rent Housing
Finding Money in a Short Sale
By Tony Evans If youre a homeowner and want to save your credit and eliminate foreclosure proceedings, selling your home through a short sale just might be the ticket. So turn on your computer printer because youll want to print this column for future reference. See how the BUZZZ is taking care of you! There… Continue reading Finding Money in a Short Sale
Financial Damage to Top S&L Crisis in U.S.
Financial losses from the credit crunch will top the 1.4-trillion dollars lost in the U.S. Savings and Loan Fraud scandal, according to a comprehensive analysis conducted by Housing Predictor. The dollar damage to the U.S. economy will exceed S&L losses due to widespread growing losses in financial markets by banks, private investors, and millions of… Continue reading Financial Damage to Top S&L Crisis in U.S.
Selling Real Estate without Silent Second Mortgages
By Mike Colpitts In these challenging days of selling real estate “silent second” mortgages are making a quiet, some what frightening, most often times illegal comeback. Silent seconds as they are called in real estate parlance are second mortgages, which are not revealed to lenders and can find the user’s behind bars in the local… Continue reading Selling Real Estate without Silent Second Mortgages
Stealing a House in a Short Sale
By Tony Evans Everybody wants to know how to steal a house, and there are plenty of people trying to these days. Say youve missed some mortgage payments and think maybe youll be able to “catch up” later on, but you cant. You call your lender explaining your ‘temporary problem,’ but they cant think of… Continue reading Stealing a House in a Short Sale
Robbed by the Bank in the U.S. Savings and Loan Scandal
By Leigh Neely It was 1986, the height of the U.S. Savings and Loan Fraud Scandal, and one of the worst years of my life. President Reagan was in office, and his trickle-down economy was getting worse every day. The trickle that had been coming to my house suddenly dried up, and my husband’s business… Continue reading Robbed by the Bank in the U.S. Savings and Loan Scandal
Growing Housing Crisis Reaches 47 States
Propelled by falling consumer confidence, little government intervention, an epidemic of record breaking foreclosures, and growing unemployment the long forecast real estate recession has devoured 47 states leaving them with faltering economies. By and large, the only areas remaining with forecast appreciation in 2008 are local real estate markets that did not experience major booms… Continue reading Growing Housing Crisis Reaches 47 States
Lenders Go Bankrupt as Pigs Get Slaughtered
The Inside Buzzzz Pigs Get Slaughtered as Lenders Go Bankrupt By Tony Evans Of the top 40 mortgage lenders, eight went bankrupt in 2007. So far this year just in California, Attorney General Jerry Brown has shut down seven bait-and-switch mortgage companies, including Lifetime Financial. Brown also has the name, address and phone numbers of… Continue reading Lenders Go Bankrupt as Pigs Get Slaughtered