According to this article in the New York Times, the new rules for short sales are going to help the homeowners - or at least that is the plan according to government officials…
But the underlying facts of how the new rules will play present a very different picture; and also an interesting dilemna for the [...]
Continue reading about How Bizarre How Bizzare - Another Twist in the Housing Crisis Play Book
This piece from Truth About Mortgage pretty well says it all - if you read it all the way to the final few lines…
No significant change in conditions? Really? Not sure if that is a euphamism for “We have not fixed anything yet” or a bold denial of “We know we are only making [...]
In what may be the most blatant and stunning discovery to date in the mortgage fraud game, actual public records with the words “BOGUS ASSIGNEE” and “BOGUS ASMTS” as the GRANTEE in the records themselves have been found in cases in AL and FL that have been used in actual foreclosure proceedings resulting in people [...]
This video crossed my radar today and left me at least feeling vindicated that what I am seeing in the world of the ongoing ‘mortgage crisis’ and foreclosure melt down is really what is happening, not just to the families and people I know and work with but across the board…
And it’s good to know [...]
This latest article from CNN Money makes it very clear that the lenders are not letting people off the hook when the house goes to foreclosure OR short sales. Homeowners who have lost their homes since the current mortgage crisis began are now finding themselves the target of collections companies and lenders pursuing deficiencies [...]
Continue reading about Lenders Pursuing Deficiencies Against Homeowners Even Well After Foreclosure
Today the Huffington Post came out with a great article to encourage Americans to take action - non partisan, populist action - and put their money into small community banks and get it out of the Too Big To Fail Bailed Out Bully Banks -
Read the article here: Move Your Money - A New Years [...]
As reported in a New York Times Article Today Goldman Sachs is finding itself under fire for yet another massive bonus round for employees during the deepest financial crisis to hit the US and countries around the world in over 70 years.
According to the Times:
“For Goldman employees, it is almost as if the financial crisis [...]
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says
By Jody Shenn
Sept. 23 (Bloomberg) — The crash in U.S. home prices will probably resume because about 7 million properties that are likely to be seized by lenders have yet to hit the market, Amherst Securities Group LP analysts said.
The “huge shadow inventory,” reflecting mortgages already [...]
Continue reading about 7 Million Homes: The Pig in the Python?
The Final Demise of A Speculative Housing Bubble
(September 16, 2009) Charles Hugh Smith
The speculative mania in housing has been extended by massive Federal Reserve and government intervention; the government now owns or guarantees 2/3 of U.S. mortgages. While speculative bubbles may pop in terms of sales and valuations, the psychology that underpinned [...]
Continue reading about Govt Now Owns or Underwrites 2 of 3 Mortgage Loans -
As those who frequent these pages know, we are big fans of Sean O’Toole of Foreclosure Radar and Foreclosure Truth - his two premier sites.
Recently Sean has been addressing the issue of the “mising wave” of inventory in CA foreclosure sales - and whether or not it exists…
In response to his post, I made the [...]
Continue reading about Foreclosure Truth’s Sean O’Toole Replies to Comment
