Got to catching up with the Doctor’s Blog this week and these two provided provocative reading. They’re both here, one below the other - interesting relationship, actually.
The California Tax Break Window – Combining California Tax Credit with Federal Credit for $18,000 in Tax Credits. Southern California Housing Update. Giving [...]
Continue reading about Dr. Housing Bubble - Tax Breaks and Foreclosures, Something to Think About
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 [...]
15 January 2010
This piece showed up on Jesse’s Cafe’ as well as Mish Shedlock’s blog Friday the 15th of January - and frankly we are thrilled to see that this practice, which we have encountered ourselves MANY times in the process of completing a successful short sale is finally getting some attention. Kudos to [...]
HUD announced on Friday January 15th that they are instituting a 1 year waiver of the 90 day seasoning rule for FHA funding of properies.
Here is the Press Release from the HUD Website:
HUD No. 10-011
Lemar Wooley
(202) 708-0685
FOR RELEASE Friday January 15, 2010
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help [...]
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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?
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
This piece from Greg’s Law and Economic Blog demonstrates the Extend and Pretend Game that is still in full force across the nation as more and more loans go delinquent, yet fewer and fewer go to foreclosure, short sale, loan modification or refinance…
Proof banks are sitting on severely delinquent home loans
The housing market is not [...]
Continue reading about Proof Banks are Still Playing Extend and Pretend
