A report from the New York Post. "Thousands of Americans expecting to keep their homes after starting trial modifications on troubled mortgages could wind up in foreclosure anyway, thanks to a murky technicality known as the investor-based denial. Since launching its Home Affordable Modification...
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The Daily Journal of Commerce reports from Oregon. "Bend’s residential real estate market has been on a roller-coaster ride over the past several years. The ride has taken its toll on Central Oregon brokers. Even though they’re trying to remain optimistic, they say they’re wondering if the market...
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The Journal Gazette reports from Indiana. "National housing experts believe the party’s over now that the homebuyer tax credits have expired. Fort Wayne real estate officials also say it may be time to sweep up the confetti. 'I can’t imagine that (home purchases) would continue at the same pace,'...
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It's Friday desk clearing time for this blogger. "When Todd Bjerstedt built luxury homes in Woodbury, he was the eternal optimist. Bjerstedt had pumped thousands of dollars of personal savings into his struggling homebuilding business, only to see it fold in 2006. He looks back on his change of...
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The Denver Post reports from Colorado. "It's not pretty in the 80013 ZIP code that's second-hardest-hit along the Front Range for unemployment claims. Last October, with the kids grown, their house paid off and a few bucks in the bank, Kathy and Herb Myers set in motion the economic plan that would...
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Post off-topic ideas, links and Craigslist finds here. The Florida/DC meetup link at the forum is here. Click here for the shadow inventory thread. Please consider signing the Shadow Inventory petition.
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-by the Mysterious Flying Miser From Boston Real Estate Now: "Want to know one of the scariest things out there right now when it comes to the precarious state of the housing market? It's the huge amount of shadow inventory banks and other lenders are sitting on, ready to dump on the market as...
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CBS 12 Action News reports from California. "Once the largest home builder in Chico, Paradise resident Tony Symmes struck a bad deal to sell a number of his newly built homes that weren't moving. Garett Gililland already indicted for another mortgage fraud scheme came to Symmes with a plan. Both...
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A report from iAfrica. "The CEO of the ERA South Africa property group, Gerhard Kotzé says, 'We now learn that South Africa had the best performing housing market in the world over the longer term according to figures from the authoritative 'Economist' magazine. The publication’s Global House Price...
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Post off-topic ideas, links and Craigslist finds here. The DC meetup link at the forum is here. Click here for the shadow inventory thread.
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It's Friday desk clearing time for this blogger. "The foreclosure crisis has mainly been a sideshow here in Massachusetts compared to hard-hit Sunbelt states like Florida, Nevada and Nevada. But...check out the latest Warren Group numbers - initial foreclosure petitions were up 20 percent in April,...
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