“I just finished reading: Crisis Economics – A Crash Course in the Future of Finance, by Nouriel Roubini & Stephen Mihm. It was really good… great even.”
Archive for May, 2010
“Stupid or not, there was one Obama policy [Wall Street] liked: The decision not to punish any of them by prosecuting their crimes. Not only will they go scot free, but the structural changes so badly needed to prevent a reoccurrence of this crash were ignored. Thus, there will be new rules, not real reforms or a transformation.”
“New Observations estimates excess inventory for sale equals 1.4 million units with over 4-million homes on-the-block, a figure hovering just 11 percent below peak-crash inventory, while at the very same time the realtors’ chief economist forecast Monday that “the housing price correction appears essentially over.””
“As Robert Clegg suggests, recent Canadian property buyers will indeed be hosed. A Canadian housing crash is a given. The only thing that remains to be seen is how deep the crash is.”
“Plan will offer lucrative returns on bonds linked to infrastructure projects”
Massachusetts Short Sales – Buying Guide for Success
How to buy a short sale (pre-foreclosure) property in Massachusetts. Foreclosures laws and the new HAFA regulations provide incentives for home owners and buyers to purchase at a short sale.
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Are Short Sales Really The Wave Of The Future In Real Estate
Choices are limited for home sales if you don’t have a mortgage already paid off. Short sales are real estate’s future, providing homeowner and bank with a win-win situation.
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‘Strategic default’ or ’strategic foreclosure’
The terms “strategic default” and “strategic foreclosure” are somewhat synonymous. Homeowners in these tough economic times are faced with the daunting dilemma of whether or not to deliberately default on their mortgage as a way to secure a loan modification, short-sale, principal reduction, or return the home through deed-in-lieu of foreclosure.
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“Critics say these so-called appraisal management companies (AMCs) hurt not only state-licensed appraisers by taking most of their fees, but also mortgage applicants because their practices cause appraisers to cut corners and distort property values. So state Rep. Stephen Slesnick, D-Canton, and the Ohio Coalition of Appraisal Professionals introduced Wednesday, May 26, a bill in the Ohio House that would regulate and license appraisal management companies under the Ohio Department of Commerce’s Real Estate Division.”
“The largest affordable housing developer in Florida soon will begin construction on new apartments in Overtown.”