By Mike Colpitts Almost $1-billion targeted to victims of banking foreclosure fraud is being ripped off from foreclosure victims to be used to pay for other programs for states facing serious financial deficits. The nation’s largest five banks agreed to pay a $25 billion settlement as part of their agreement to settle allegations of illegal… Continue reading States Rip Off Foreclosure Victims
2012 Alabama Housing Market
A drop in home buyer interest driven by a lack of consumer confidence and record long high unemployment has sent the Alabama housing market into the doldrums, with home values declining at their highest rate on record in some areas of the state. Foreclosures and short sales are driving the drop in home prices in… Continue reading 2012 Alabama Housing Market
Homeowners Insurance Costs Soar
Propelled by massive pay-outs as a direct result of hurricane damage, Florida has the highest homeowners insurance premiums in the nation, according to a new industry study. The rise in policy costs account for more than a 10% increase in annual premiums. Other states are also experiencing large rate hikes. “Most homeowners over-pay for insurance… Continue reading Homeowners Insurance Costs Soar
Best Buyers Market Forecast in 2008
When it looks bad and it looks like things are going to get worse thats the time to pull the trigger and buy real estate to have the highest probability of making top profits investing in real estate. Thats the consensus of veteran real estate investors, who have made fortunes investing. The best buyers market… Continue reading Best Buyers Market Forecast in 2008
Emergency Action by Fed Throwing Lifelines
By Mike Colpitts Stopping Bear Stearns from a total meltdown and throwing lifelines to other financial institutions, the Federal Reserve has come to the aid of financial institutions more than since the Great Depression. The only time actions taken close to this came at the peak of the U.S. Savings and Loan Fraud Crisis in… Continue reading Emergency Action by Fed Throwing Lifelines
2012 California Housing Market
An improving employment picture coupled with record low mortgage rates and fewer foreclosure sales are sending the California housing market into overdrive. Despite the tough economy in most of the Golden State and an expected hike in foreclosure sales, most of California’s housing markets are now forecast to appreciate for 2013. The impact of the… Continue reading 2012 California Housing Market
Housing Recession or Worst U.S. Economic Disaster Likely
The nation’s mortgage melt down has evolved into America’s real estate crisis amid falling home prices, record foreclosures and weakening consumer confidence and threatens to produce the nation’s worst economic disaster in history, a Housing Predictor study reveals. The catastrophic damage could be so widespread that the crisis could reach $600 billion in losses to… Continue reading Housing Recession or Worst U.S. Economic Disaster Likely
Signs of Real Estate Market Bottoms
By Mike Colpitts The bottom of each real estate market in America won’t occur with much fanfare. In fact, few people will realize that it’s even happening when they do, and they’re usually only recognized after the bottom has already hit. The search for the elusive bottom to any real estate market is akin to… Continue reading Signs of Real Estate Market Bottoms
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