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lenders: Lender Pre-Foreclosure Access to Default Properties - 02/21/09 12:31 PM
I am posting this article to ActiveRain from my local Association blogsite. When I wrote about this last month it appeared the issue might just be confined to California but I have recently read  other posts on AR from Realtors in other states asking about this. You should be aware that it is apparently going on in several areas around the country as cities attempt to strengthen or implement Abandoned Property Ordinances.
By the way, Abandoned Property Ordinances are not bad things but as Realtors we MUST be involved with our city government during the time they draft these. Cities are just … (4 comments)

lenders: Is The End In Sight? Some observations - probably all wrong. - 03/07/08 11:56 AM
Last week I had a chance to talk with noted economist Gary Watts. One thing that makes Gary unique is the fact that he is a real estate economist and he has a real estate background. Imagine that, an economist that actually knows something about our industry instead of just another talking suit.
Now a lot of what Gary said you've read here before, but he backs it up with figures and studies from impressive sounding places like the U.S. Treasury, U.S. Bureau of Labor, U.S. Congress, Bureau of Economic Analysis and the like. Much more important sounding than just old Uncle … (14 comments)

lenders: Countrywide charged with mortgage fraud? What's next? - 02/07/08 11:01 PM
A reporter friend just called me about a lawsuit recently filed in the Los Angeles Superior Court against home builder KB Homes and lender Countrywide KB Home Loans involving, what else, fraud. I've attached the press release below for your information.
Builders are in a tough spot right now and have been for the past couple years. They have standing inventory that they need to sell but the market has dropped by 30% - 40% (at least in our part of California). If they drop the price of their new homes to a salable level, they've just pissed off everybody who bought … (12 comments)

lenders: Let the Fingerpointing Begin - Real Estate Fraud - 12/15/07 02:34 PM
When the market heads south, as it has done spectacularly in the recent past, people are always looking for whom to blame. As long as the fingers are pointed comfortably in other directions, they are justified in assigning guilt to most any party who has been involved in even the most peripheral aspect of the housing market. And make no mistake, there's more than enough blame to go around. You've read my rants on greed - the greed of lenders, the greed of homeowners, the bias of the media, the gullibility/culpability of the public and the failings of government lending programs … (6 comments)