Jun 15 2008

Credit Crisis: $390 Billion in Writedowns so Far. The Epic Housing Bubble Explained.

The Washington Post has an excellent three part series that will be highlighting the epic in progress housing bubble. For those of you who are still uncertain how this entire jigsaw puzzle comes together, this resource will prove to be invaluable. You have to wonder how the entire economy has become so dependent on structured […]

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Jun 14 2008

NAR: How a 4% Quarterly Gain was Really a 30 % Drop. The New Housing Math.

You would think that someone would double check their own data given the situation in the housing market before reporting a statewide gain.  You would assume that an organization that is the de facto standard bearer for Realtors would make sure that data accuracy would be the pinnacle of their mission.  This is not the […]

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Jun 14 2008

Loss Mitigation: Short Sales: Nothing Short about the Approval Process.

With the current housing mess people think that banks would be chomping at the bit to approve short sales. That is when a lender approves for a sale which is less than the face mortgage balance. Banks and lenders do not operate under a charity model. They will only approve a short sale if they […]

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Jun 13 2008

Buy a Home to Bail on Your Current Home. New Face of Foreclosures.

You’d be surprised what is going on in the current housing market.  Many people are now trying a new technique by bailing out on their current home in order to purchase a new home while their credit is good.  If you do the math, it would make sense at least from the buyer/seller perspective.  Say […]

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Jun 4 2008

Doing The Housing Math on the Ed McMahon Home: Facing Potential Foreclosure in Beverly Hills.

Ed McMahon is a household name with most American families. His jovial attitude and his Publisher Clearing House awards are etched on the minds of many Americans. The idea of him knocking on your door and presenting you with an oversized check is at the core of the American dream jackpot. One would associate wealth […]

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