This will prevent foreclosures how? "The foreclosure prevention package is expected to contain a number of measures designed to work in concert. One proposal would draw on $50 billion in funds already approved for the financial bailout to buy up millions of mortgages at a discount."
Implode-O-Meter versus the DPA Hydra - housingdoom.com -"Hard hitting Doom friend Aaron, founder of the Implode-O-Meter site, like twist here at Doom, has been a long-time critic of residential real estate Down Payment Assistance (DPA). The other day he took robust exception to a recent Los Angeles Times article  generally supportive of the practice."
Calculated Risk: Freddie, Fannie Suspend Foreclosure Sales - calculatedriskblog.com -
$15,000 Housing Tax Credit May See New Life As Separate Bill : The Real Estate Bloggers - therealestatebloggers.com
Why Letting Judges Modify Mortgages Is Bad For All : The Real Estate Bloggers therealestatebloggers.com
A Pyramiding Scheme Pre-Destined For Collapse - thehousingbubbleblog.com - ""The FDIC should be taking banks over, sending their management packing, and liquidating their assets the moment they see their net worth has reached negative territory.""
Think You Can't Use "Realtor" in a Domain Name? 53,434 People are Doing It : NAR Wisdom Thursday at 8:46 am - narwisdom.com
Real estate: Location, location, commission | Friday at 7:51 am - inman.com
NAR: Distressed Sales Accounted for 45% of Q4 Activity Friday at 7:39 am - calculatedriskblog.com
Doc Searls Weblog · Stimulus Bill Qs Friday at 7:34 am - blogs.law.harvard.edu - "Where can one see a copy of the final bill? How about in .html, rather than .pdf form? Earth to Newspapers (and hell, bloggers): Give us some links to some goddam hard facts on this thing. Even the @#$% New York Times story on the Plan's passage offers no links at all to the bill. Or whatever got passed."
$15,000 tax credit wiped out? | Zillow® Blog Thursday at 8:44 am - zillowblog.com -
Top 10 Most Expensive Cities To Own a Luxury Home in 2009 : The Real Estate Bloggers Thursday at 8:43 am - therealestatebloggers.com
Calculated Risk: Stimulus Package: The Negotiations Begin Thursday at 8:42 am - calculatedriskblog.com
Isaac Hayes' home in foreclosure Thursday at 8:40 am - commercialappeal.com -
STORY OF THE WEEK: Homeowners no longer denying lost equity Wednesday at 7:38 am - inman.com - "Although more than half of those surveyed in Zillow.com's Q4 Homeowner Confidence Survey believe their own home lost value in 2008, more than two-thirds appear to believe that the worst may be over."
Homeowners Call a Bottom: Optimism or Delusion? Wednesday at 7:37 am - zillowblog.com
The truth about real estate compensation Tuesday at 10:01 pm - inman.com -"This month, Inman News is focusing coverage on the issue of percentage-based real estate commissions and other industry compensation practices."
We Were Warned February 10 at 9:27 am - housingdoom.com
A pay-as-you-go real estate model February 10 at 9:26 am - inman.com -"If the home doesn't sell -- even if the brokers and agents have invested many hours and incurred costs in an effort to sell the home -- many real estate companies do not require the seller and prospective buyers to pay a dime."
BloodhoundBlog.com | Some ugly questions about that $15,000 home-buyers tax credit - February 9 at 4:46 pm - bloodhoundrealty.com Greg Swan: "What this economy really needs is a mandatory 720 FICO score!"
The American Dream In High Reverse February 9 at 4:44 pm - thehousingbubbleblog.com "‘I knew it was coming,' said Gloria Chilson, the former owner of the house, as she watched strangers pick through her belongings. ‘You take what you can; you try not to care.'"
Will You Buy A Home? February 9 at 4:34 pm - inman.com
Are you making your client homeless? | Rain City Guide February 9 at 4:33 pm - raincityguide.com "WARNING TO SELLERS: IT IS VERY HARD TO GET A MORTGAGE. In the last market like this, many sellers assumed that since they had a HUGE downpayment, they didn't have to worry about qualifying for a mortgage on the house that they were planning to buy. NOT SO!"
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