Banks Can’t Foreclose Fast Enough To Keep Pace With Defaults The Wall Street Journal is reporting that the average person in foreclosure has not made a payment in 492 days! That’s the average mind you. That means that most who are in foreclosure have not made a payment in over a year and have found [...]
Are You Still A Real Estate Agent? If So, Why? And what’s your real job? Seriously, this now has to be a question asked of many Realtors out there. It’s funny. When data that just hammers home the reality of the imminent housing sector collapse, where is the National Association of Realtors and Lawrence Yun? Right [...]
Foreclosure Moratorium Will Destroy The Real Estate Market The Obama Administration on Tuesday rejected calls for a nationwide moratorium on foreclosures because of concerns it could cause broader harm to the housing recovery. But a freeze on foreclosures is still widening. It’s like watching dominoes fall. One mortgage lender after another is putting the brakes [...]
Can Fannie Mae And Freddie Mac Be Fixed? Diana Olick from CNBC’s Realty Check talks about the likelihood of the trouble with mortgage giants, Fannie Mae and Freddie Mac being resolved. The Obama administration will hold its first major public forum next week to debate the future of Fannie Mae and Freddie Mac. Story continues [...]
Late one night in February 2009, Ariane Ice sat poring over records on the website of Florida’s Palm Beach County. She’d been at it for…
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