Yesterday I wrote about some situations where a bank might be money ahead to foreclosure vs. trying to work things out with the home owner. In that light I would like to present my own plan for housing recovery:
2009 Jeremy Housing Recovery Plan
My plan would focus on stopping the bleeding of the housing sector and the economy by fixing the easy items first. No red tape, no complicated proc ...
From Renae Merle @ The Washington Post:
Policymakers often say it's a good deal for lenders to cut borrowers a break on mortgage payments to keep them in their homes. But, according to researchers and industry experts, foreclosing can be more profitable.
The problem is that modifying mortgages is profitable to banks for only one set of distressed borrowers, while lenders are ...
A Teaneck, NJ mother of three, Angela Logan, was in the soup facing foreclosure. She had an idea. A bake sale. In a nutshell, if she could sell 100 homemade "mortgage apple cakes" at $40 each she would save her home. A piece of cake.
As of Tuesday, Angela's apple cakes were selling like hot cakes and she had a gravy train of more than 500 orders pouring ...
Costco is targeting a November grand opening date for their new facility adjacent to Home Depot off Hwy 101 in Warrenton. Construction is fast and furious as I type this, and numerous completion dates have been floating around the community since construction began. When looking for some related Warrenton commercial real estate information today I ran across the property info for the existi ...
Two luxury resorts in financial trouble and both making headlines the same day is not a good sign. Several associates tell me the commercial real estate market will be the next segment of the economy to blow up.
From the LA Times:
The seizure of the St. Regis Monarch Beach, where American International Group Inc. sponsored a luxury retreat just days after accepting a federal bailout ...
547 Fir
St. in Cannon Beach is a bank owned foreclosure property.
This is a pretty unique Cannon Beach home for sale in that is sits on 2.66 acres and is inside the city limits. Currently the property is comprised of two tax lots, so 1 additional building site exists as the property is today. However, further development potential may exist.
The home itself has had the beginning of a re ...
I just posted an overview of the impact that H.R. 2454 just passed by the House and heading to the Senate will have on all of us involved in real estate- home owners, contractors, builders and buyers may face higher costs and more head aches. It's a long weekend, so relax and take a look:
...The entire industry has been buzzing about the Home Value Code of Conduct (HVCC) that was enacted May 1, 2009. The HVCC includes new regulations for residential appraisals completed for home loans that will be packaged and sold to Freddie Mac and Fannie Mae. It is not a "law" exactly, but since it has been adopted by Fannie and Freddie it is pretty much the letter of the law banks and mortgag ...