real etstate market: Recent Foreclosure Statistics Provide Interesting Data
- 07/17/11 04:09 PM
There is certainly massive uncertainty about the validity of many aspects of the foreclosure process. States are enacting legislation to protect home owners, courts are holding lenders accountable for sloppy transactions and record keeping, and the foreclosure process itself has be revamped on many states. Despite all of this, foreclosure times actually decreased in three critical states last month. California, Arizona and Nevada all reported decreased foreclosure timelines in June 2011 despite uncertainty over MERS, bank processes and the general wisdom of adding to the shadow inventory in a fragile market. According to ForeclosureRadar, even though the month-over-month foreclosure duration decreased … (2 comments)
real etstate market: Isn't This Behavior That Got the Real Estate Industry into Trouble in the First Place??
- 07/11/11 09:28 PM
Those pesky little elves in Washington are at it again! I refer to them as elves because they tinker and meddle behind the scenes and no one on the outside really knows what they are doing! The distinguishing feature here of course is that elves are lovable and WASHINGTON IS NOT! Naturally, I could refer to them as OTHER things but decorum and good taste prevent me from doing so in this forum…and besides, there are those that are equally delusional that will send me nasty emails!! LOL In what could be a repeat of the easy-lending cycle that led to … (17 comments)
real etstate market: Hypocrisy in the Obama Real Estate/Tax Position
- 05/19/11 06:17 PM
Here is the hypocrisy in the Obama administration policies on real estate (okay, actually there are many, but here is ONE): they induced tens of thousands of families to purchase real estate by incentivizing them with a federal tax credit. Many home owners received an $8,000 federal tax credit as an inducement to purchase a home. The administration ran around patting itself on the back about how successful the program was etc. Now they want to eliminate the mortgage interest deduction on taxes. Lure them in with tax incentives and then take the incentives and much more away with significantly higher … (4 comments)
real etstate market: "Experts" Believe that the Real Estate market has Hit Bottom...Agree??
- 03/18/11 11:36 AM
According to Jan Hatzius, chief economist of the Goldman Sachs Group in New York, the U.S. housing market could, finally, be approaching the bottom. And that’s good news: “Over the next few years,” says Hatzius, “the housing sector is going to improve” although there is still “a lot of excess supply out there.” Other analysts agree, saying that since “the economy doesn’t seem to be falling off any more,” sales in many areas around the country will likely level throughout 2011 and could slowly climb in 2012. I believe that this is a bit delusional by its own statement. How can … (5 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
There is certainly massive uncertainty about the validity of many aspects of the foreclosure process. States are enacting legislation to protect home owners, courts are holding lenders accountable for sloppy transactions and record keeping, and the foreclosure process itself has be revamped on many states. Despite all of this, foreclosure times actually decreased in three critical states last month. California, Arizona and Nevada all reported decreased foreclosure timelines in June 2011 despite uncertainty over MERS, bank processes and the general wisdom of adding to the shadow inventory in a fragile market. According to ForeclosureRadar, even though the month-over-month foreclosure duration decreased … (2 comments)
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