How Do You Buy A Foreclosure?
https://www.youtube.com/watch?v=fe9B_MMfw7s https://www.youtube.com/watch?v=uwIEqRihicc https://www.youtube.com/watch?v=6OaA7_cwUpE https://www.youtube.com/watch?v=jjf_Pt2onu8 https://www.youtube.com/watch?v=lyatdRrNmUo
Appraisals Did Not Really Matter A Couple Of Months Ago, But Now They Are KILLING Deals!
https://www.youtube.com/watch?v=G1Q3FOmLwsI https://www.youtube.com/watch?v=3NvWhRUnLNk https://www.youtube.com/watch?v=FWDFzLw4hUo
The Biggest Financial Bubble In The History Of Bubbles Continues To Deflate
A report from the Spokesman Review in Washington. "Homebuyers in Spokane County may have an easier time finding a property in a real estate market is beginning to swing in their favor. Many area homes are undergoing price reductions. Some…
Builders Need To Sell
https://www.youtube.com/watch?v=ncxMjKibLZE https://www.youtube.com/watch?v=RNtHr94Vfjs https://www.youtube.com/watch?v=kQxp3HOS9Qw https://www.youtube.com/watch?v=RBMcVA5PUfk
A Sense Of Deja Vu That It Is 2006 All Over Again
A report from ABC News in Australia. "There is a construction boom taking place around the world, as governments look to build themselves out of the pandemic's economic woes. Master Builders chief executive Denita Wawn said the federal government's HomeBuilder…
The Vast Majority Of The Carnage Has Not Really Started Yet
A report from Reuters on New York. "Clarence Hamer doesn’t expect to hang on to his house much longer. His downstairs tenant owes him nearly $50,000 in back rent on the four-bedroom duplex he owns in Brownsville, Brooklyn. Without those…
Real Estate Became So Crazily Inflated That This Is The New Reality
It's Friday desk clearing time for this blogger. "A wave of foreclosures is likely coming that will hit low-income homeowners. As of August, over 10% of the eight million single-family mortgages backed by the Federal Housing Administration were delinquent by…
You Know What, I’ve Seen Enough, I’m Outta Here
A report from the Herald Tribune in Florida. "The good news: foreclosure activity has fallen to historic low levels in the Sarasota-Manatee region. The bad: more local homeowners are falling behind on their mortgage payments, a troubling sign that foreclosure…
There’s A Break-Even Point, And Then There’s A Losing-Money Point
A report from Mortgage News Daily. "CoreLogic said the number of loans in each stage of delinquency, with the exception of those in foreclosure, grew in May, the second straight month that early-stage (loans 30 to 59 days past due)…
They’re Having To Reduce Prices In An Attempt To Garner The Remaining Demand
A report from The Real Deal on New York. "Exactly one year ago, New York’s real estate industry was facing a crisis. The legislature had just agreed to a tenant-friendly upheaval of rent regulation. 'It used to be that investors…