repo: Would this solve the 'Foreclosure Crisis'? - 01/10/10 11:10 PM
It is a simple option... isn't onerous, and doesn't involve the government spending billions of our dollars...
Simply make banks responsible
As it stands, in many jurisdictions, banks aren't responsible for maintenance, taxes, HOA fees or any other impacts their foreclosed properties might have on the community. So, if a block … (22 comments)
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repo: Chicago Sheriff Refusing to do Foreclosure Evictions - 10/08/08 02:59 PM
This is from the AP.
Residents of foreclosed properties in Chicago and other parts of Cook County don't have to worry about deputies forcing them out. Sheriff Tom Dart says that starting Thursday his office won't take part in evictions.
Here is a link to the story.
on the face of … (16 comments)
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repo: So, you want to buy a foreclosure? - 10/02/08 08:13 AM
I was with a buyer last week that wanted to look at a certain foreclosure home that they had seen listed. The price seemed a little high, but they thought there might be room for the bank to wiggle... It had been on the market for about 8 months.
When we … (7 comments)
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repo: Is your bank selling real estate? - 09/16/08 11:36 PM
If you are in the loss mitigation department for one of the investment banks, banks or other institutions that have REO properties for sale, I would like to offer some tips and reminders that may help you get the job done...
While you are sitting there in the office with the … (8 comments)
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repo: Obama's Housing Plan - 08/26/08 06:10 PM
It is pretty easy to start out by saying that I am NOT a fan of Barak Obama for President. As I have watched his candidacy unfold, I have noticed it long on rhetoric and short on reality, forethought and responsibility.
Yesterday, Inman had a story about the Obama Housing Plan. … (23 comments)
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repo: Let's link to seemingly unrelated stories - 01/18/08 01:07 PM
While glancing through today's REALTOR(R) Magazine Daily News Brief, there were two stories that jumped out at me. One was a call to action, and the other looked like the groundwork for a call to action later...
The first was: Withholding Mortgage Help Could Hurt Everybody. Among other things, it said:
… (11 comments)
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repo: Sometimes doing the right thing hurts - 12/21/07 01:12 PM
I started by explaining in Everybody put your heads down on your desk... how we got to this ugly spot in the road where we see the paths of:
Government intervention in loans
or
A rush of foreclosures
In this installment, I'm going to outline the case for why it is … (8 comments)
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repo: Everybody put your heads down on your desk... - 12/20/07 02:41 PM
Do you remember those words from grade school? The big kid from the back of the class shot a spitball at the teacher, and so everyone got the same punishment. There were 29 kids in the class that didn’t do anything, but they still got the same treatment. What’s worse is … (0 comments)
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repo: Where does this guy get his data? - 10/12/07 12:44 PM
I just can't help myself...
I just ran across this little release from the NAR. Basically, the CEO of Countrywide says that the subprime mortgage mess could widen the home ownership gap between whites and minorities. However, in the same daily brief, the NAR sent out this piece as well. it … (6 comments)
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repo: Imputed income - 10/01/07 11:08 PM
Familiar?
Let me give you a quick idea of what it is. Keep in mind that I am not a tax professional, or a lawyer... just a real estate agent.
I guess the easiest way to say it is that it is phantom income. For our current purposes, let's look at … (2 comments)
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repo: What are we doing here? Looking at the housing landscape... - 09/21/07 01:15 PM
This morning, the NAR kindly sent me this little update through the Real Estate Insights eNewsletter. It explains, quite well, the steps that we will need to move through before the market stabilizes, both locally and nationally. And then, this afternoon, in my REALTOR(R) Magazine Daily Online, I got this story.
… (2 comments)
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repo: F is for Foreclosure - 08/31/07 09:20 AM
This entry will have two distinct parts.
Part I
If you are a seller, or thinking about selling because you are in financial trouble, STOP. Examine what you are doing and why. Examine all of your options. Talk to a credit counselor, like CCCS in Atlanta (no experience with them personally, … (0 comments)
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repo: Real Estate Investing 301, Part II - 08/17/07 09:25 AM
Real Estate Investing 301Part II
Link to Part I
Advanced strategies
Strategies for selling hundreds of properties
For most buyers, holding the properties isn’t the option that they are looking for. Turning the properties is the goal. Generally, there are a few different strategies that sellers use to dispose … (0 comments)
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repo: Real Estate Investing 301, Part I - 08/17/07 09:16 AM
Real Estate Investing 301
Advanced strategies
In Real Estate Investing 101, Part I we covered buying a house to resell for a short term profit, while minimizing risk and making it happen fast. We delved further into flipping in Real Estate Investing 201. In Real Estate Investing 101, Part II … (0 comments)
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repo: OK, I said this a month ago!! - 08/08/07 09:13 PM
I just got today's REALTOR Magazine Online Daily Update. This was one of the stories that was featured. It is about how foreclosures are up. They make up 10% of the listings in CA, as opposed to 1.7% last year. But, at the same time, distressed properties aren't listed at much … (0 comments)
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repo: Hello, Media... Are You Listening? Real Estate is LOCAL. - 07/25/07 03:12 PM
How many times do we have to hear that the housing market is doing one thing... and that must mean that the whole market is doing the same thing?
When the price of a barrel of oil goes up, it is a singular commodity moving. While there are different grades of … (7 comments)
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repo: Market update for Gwinnett County, June 2007 - 07/10/07 07:58 PM
Gwinnett County sales comparison for residential real estate. 6/07
Here is a look at the residential real estate market for Gwinnett County for the last two years as well as looking at overall trends that will affect investors and “move-up” buyers in the next few months.
Looking at the numbers … (1 comments)
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repo: Back from New Orleans - 06/26/07 09:24 AM
The family just got back from a visit to New Orleans. We stayed in a rental condo just outside of the French Quarter, near Decatur and Frenchmen streets. It was a great place to stay. We spent the majority of our time in the French Quarter. We did have to run … (0 comments)
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repo: How did it get this far? - 06/21/07 02:46 PM
I had a new experience today. Not that I am new to real estate, but I just hadn't had the occasion to hang out for one of these. I attended an eviction. The clean-out crew, locksmith and Sheriff's Deputy we all scheduled to arrive at 1:00. I got there a few … (4 comments)
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