WSJ: "Housing Push for Hispanics Spawns Wave of Foreclosures"
From the Wall Street Journal:"Housing Push for Hispanics Spawns Wave of Foreclosures"By SUSAN SCHMIDT and MAURICE TAMMANCalifornia Rep. Joe Baca has long pushed legislation he said would "open the doors to the American Dream ... . Nearly 9,200 families in his district have lost their homes to foreclosure.For years, immigrants [more...]
Date: 2009-01-05 04:10:00
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How To Save Your Home From Foreclosure
Recently, Passive Dad asked me about free creative ideas to help friends facing foreclosure ... , or not enough money to save the house. However, there are many who are teetering on the brink of foreclosure ... who are fighting foreclosure: Talk to everyone that’s living in the house — you’re either [more...]
Date: 2008-10-03 11:40:48
Another historic Main Street home in foreclosure
The Henry and Cosie Miller House, at 1110 South Main St. Racine's historic preservationists are scowling. Downtown Racine's Historic District is taking a second blow from this year's mortgage crisis. Yesterday, we told you of the Christmas House's upcoming foreclosure sale. Today we learn of yet [more...]
Date: 2008-12-31 04:49:17
Assessing Your Debt Situation (7)
Advantages of Home Equity Loans and Credit Lines You can borrow a fixed amount of money and repay it in equal monthly installments for a set period ... or periodic payment. If you are unable to pay, you may have to sell your house, or even worse, face the possibility of foreclosure (the lender forcing a sale of your house to pay off what you owe [more...]
Date: 2009-01-19 05:07:22
Close Your Bank of America Account to Fight Injustice
Climate action group Rising Tide is joining forces with City Life/Vida Urbana, a housing justice organization, ... removal. The two causes may seem unrelated, but house foreclosures affect primarily low income ... on poorer rural families. According to Rising Tide, the pollution from mountaintop removal poisons [more...]
Date: 2009-01-09 21:58:51
Daily Awesomeness
Today’s edition of what’s not lame around the world wide web: Erin Andrews’ phone number may haven been accidentally given out by SI, ... of hers. Good god she asking for it. On 205th Ed McMahon’s house is in foreclosure. How he never ... to do it. Eerily similar to our ability to both drive in traffic and house Krystals at the same time [more...]
Date: 2008-06-06 20:46:12
It’s A Different Good In California
The Ventura County Star reports from California. “With the influx of foreclosures flooding the market, ... possessions. They originally listed their 1,831-square-foot, five-bedroom, 2.5-bath house for $650,000.” “ ... or foreclosure, you’re just not going to get a lot of people to your house,’ Howell said. ‘You’ve just got [more...]
Date: 2008-06-17 22:38:21
Foreclosure Home Investment: The Time Has Come
Several years ago, right after I purchased my home after a divorce, a housing boom made its way into the American real estate market ... who were so willing to pay top dollar to get the house they wanted are finding themselves in financial ... into Foreclosure home investment. Whether you want to buy a house to live in or are looking for a way [more...]
Date: 2009-01-20 12:45:05
5 Problems to Check for Before Buying a Foreclosed Home
Hundreds of families, and real estate investors, are purchasing more and more foreclosed homes as they can typically be purchased for a fraction of ... problems thanks to Popular Mechanics. 1. MOLD These organisms love water—so they love humid ... by foreclosures after the housing market collapse. When he goes in to inspect those homes, Heaphy [more...]
Date: 2008-11-19 22:11:00
The Faux Bottom, Housing Worsens, Newspapers in Trouble, An Oversold Sector, and More!
ur “Obama Rally” forecast… will things “get worse before they get better” or vice versa?… Print in the doghouse… Tribune Co., New York Times and McClatchy looking desperate… Still no bottom in sight for housing… foreclosure, refi and pending home sales data all down… Anecdotal evidence of tough times to come… Wiggin house, [more...]
Date: 2008-12-10 13:43:43
Easy Foreclosures Are Over
A question I often get is "How easy is it to buy a foreclosure? ... remodeled or new houses were move in and ready-to-rent or live in. By 2009, many foreclosures languishing on the market are functionally obsolescent needing major remodeling or have damaging mold or other [more...]
Date: 2009-01-13 02:22:00
Calif. home prices down 26%, nation’s worst — again
California home prices fell by the biggest margin in the nation for a 19th straight month in November, ... resales were foreclosures Housing in O.C. beach towns slumps, sales off 28% Bay Area home prices ... . house on busy street worth $508k? Renovating in the recession? A Realtor’s warning In other [more...]
Date: 2008-12-23 02:00:59
The Housing Stupidity Does Not Stop
So you heard about the woman who bought a house in foreclosure on eBay for $1.75, right? And you heard me banging my head against a wall, right? ... I learn, because I ddn't concuss myself reading this shiny happy bull of how those cheap, cheap houses are screamin' deal and GOOD for people. Even in East Cleveland!(For those of you unfamiliar [more...]
Date: 2009-01-19 23:26:00
Meet a self-described “bank terrorist”
Revolting (h/t: Moonbattery): Bruce Marks, founder of the leftist Neighborhood Assistance Corp ... are entitled to homes. Last month, he and about 100 urban protesters stormed Fannie Mae’s headquarters, demanding it stop foreclosures on subprime houses — the same homes his group pressured Fannie [more...]
Date: 2008-11-20 23:53:27
Community Activists Continue to Exacerbate Housing Crisis
The community activist types — like Barack Obama — who helped bring about our financial crisis by using Jimmy Carter’s insane Community Reinvestment ... that he thinks are entitled to homes. Last month, he and about 100 urban protesters stormed Fannie Mae’s headquarters, demanding it stop foreclosures on subprime houses — the same homes his group [more...]
Date: 2008-11-20 17:41:00
DMX's Arizona Home Robbed, Placed In Foreclosure
In addition to his legal woes, embattled rapper DMX has fallen victim to the harshness of the current real estate market His luxurious Arizona home is in shambles and is now facing foreclosure. The five bedroom house, which lies on a sprawl in the Cave Creek valley outside of Phoenix, is ... Industry Finest found this 15 hours ago [more...]
Date: 2009-01-04 05:34:08
Community Activists Continue to Exacerbate Housing Crisis
The community activist types — like Barack Obama — who helped bring about our financial crisis by using Jimmy Carter's insane Community Reinvestment ... that he thinks are entitled to homes. Last month, he and about 100 urban protesters stormed Fannie Mae's headquarters, demanding it stop foreclosures on subprime houses — the same homes his group [more...]
Date: 2008-11-20 17:31:54
Mesmerized By The Increase In Values
Consumer Affairs reports on Missouri. “When Sheila Smith got a look at what she thought was her dream home, she didn’t hesitate to take it ... from Ohio. “Foreclosure-tainted houses have caused home prices in Cleveland and many East Side suburbs [more...]
Date: 2008-07-07 17:47:04
Last-minute US Foreclosure Remedies
At night, Margaret Jones would lie in bed, unable to sleep, her heart galloping ... to pay as the rate climbed from 7% in 2004 to 12% this year. Her three-bedroom house, she was told ... and a mortgage-modification plan, Jones managed to stave off foreclosure and save her house. Though the number [more...]
Date: 2008-09-20 04:44:26
Why Loan Modifications Often Don’t Work
Why Loan Modifications Often Don’t Work Posted under Loan Workouts Despite modifications, many homeowners are still underwater ... reality. Government Congress takes up foreclosure relief plans A House Committee heard ... in the country. Chase announced Friday that they plan to modify a whopping $1.1 trillion in loans [more...]
Date: 2009-01-15 13:53:35
Sunday Real Estate Round-Up, 01/18/09
Filed under: Estates, Celebrity Shopping From the LA Times Hot Properties: ... Angeles. We'll be checking them out as our estates of the day. --Interior designer extraordinaire ... of the day. --Fantasia Barrino has saved her North Carolina house from foreclosure. --America Ferrera [more...]
Date: 2009-01-18 14:02:00
In Foreclosure: Wilshire Blvd's House of Tomorrow
Click the image above to view the full photogallery ... feet of mid-century modern office bungalows, 3 conference rooms, and a brick central courtyard ... (interiors stripped) has led the Conservancy board to vote against pursuing a preservation plan [more...]
Date: 2008-10-28 18:58:04
5 tips to get out of foreclosure
by Doc Schmyz Your house is the last thing that you want to loose ... by selling the house or repossessing it. Often the lenders lead their borrowers to believe that they don’ ... their house off the auction block. The following are a few ideas to help [more...]
Date: 2008-12-30 18:48:36
Five Common Mistakes When Buying a Property in Foreclosure Auction
Many investors tend to get into the foreclosure auction process, ... . The house may sustain significant structural and fire damage or a host of other flaws. 4. Paying Too [more...]
Date: 2009-01-20 01:00:59
Bailing Out The Banks
Congress passed the "mortgage rescue" bill that will help 400,000 home owners, but is really a benefit for banks and Freddie Mac and Fannie Mae ... , the bank gets two choices, take a loss and refinance, or get a grant after foreclosure to repair the house [more...]
Date: 2008-07-27 06:57:00
HOUSING PUSH FOR HISPANICS SPAWNS WAVE OF FORECLOSURES
For years, immigrants to the U.S. have viewed buying a home as the ultimate benchmark of success ... -generation U.S. residents who didn't own homes. Many Hispanic families had multiple wage earners working ... the doors to the American Dream for first-time home buyers. But in reality, for many of them [more...]
Date: 2009-01-06 13:19:54
Housing Push for Hispanics Spawns Wave of Foreclosures
California Rep. Joe Baca has long pushed legislation he said would “open the doors to the American Dream” for first-time home buyers in his largely ... in his district have lost their homes to foreclosure. For years, immigrants to the U.S. have viewed buying [more...]
Date: 2009-01-07 13:39:44
Housing Push for Hispanics Spawns Wave of Foreclosures
California Rep. Joe Baca has long pushed legislation he said would “open the doors to the American Dream” for first-time home buyers in his largely ... in his district have lost their homes to foreclosure. For years, immigrants to the U.S. have viewed buying [more...]
Date: 2009-01-07 13:39:44
The Olympics Is @ The Carnivals!
Have you been watching the Olympics? ... houses entering foreclosure via the Extreme Makeover Home Edition show. And to round out this Olympic [more...]
Date: 2008-08-20 15:25:29
$365,000 Price Reduction on Alpharetta Foreclosure | Hopewell Plantation
ALPHARETTA - That is NOT a typo. Yes, this house in Hopewell Plantation was reduced this week from $699K to $335K. Yes, it is a foreclosure. Yes, it is sold "as-is" but you can still get an inspection and a due ... the due diligence period if you are not comfortable with the inspection results. Yes, it is a heck [more...]
Date: 2008-10-30 20:13:42
"Budget Deficit States Need Trillion Dollar Bail Out?"
... the embattled housing market, and stem the tide of home foreclosures through a loan-modification ... during a conference call with reporters that the plan had been discussed with Congressional leaders [more...]
Date: 2009-01-05 00:36:00
Wall Street Journal reports on causes of the housing bubble that burst our economy and in the long run helped no one out...
From the Wall Street Journal.... Housing Push for Hispanics Spawns Wave of Foreclosures-"California Rep. Joe Baca has long pushed legislation he said would "open the doors to the American Dream ... . Nearly 9,200 families in his district have lost their homes to foreclosure. Foreclosure Crisis Hits [more...]
Date: 2009-01-08 08:01:00
Taking Discounts As A Way To Liquidate Property
The Palm Beach Post from Florida. “Homeowner Chentella Harper-Graham fell behind on her mortgage payments after a one-two punch to her pocketbook ... . The West Palm Beach woman was among the flood of Palm Beach County borrowers facing foreclosure ... how many vacant homes you are seeing and houses falling into repair problems,’ says Councilman Tim Day [more...]
Date: 2008-06-11 14:46:09
Chapter 1: Executive Summary - Mortgage Origination and Securitization in the Financial Crisis
From the book "Restoring Financial Stability: How to Repair a Failed System" ... and foreclosures were the downturn in house prices, coupled with a dramatic decline in the quality [more...]
Date: 2009-01-20 14:44:12
Chapter 1: Executive Summary - Mortgage Origination and Securitization in the Financial Crisis
From the book "Restoring Financial Stability: How to Repair a Failed System" ... and foreclosures were the downturn in house prices, coupled with a dramatic decline in the quality [more...]
Date: 2009-01-20 13:50:20
Chapter 1: Executive Summary - Mortgage Origination and Securitization in the Financial Crisis
From the book "Restoring Financial Stability: How to Repair a Failed System" ... and foreclosures were the downturn in house prices, coupled with a dramatic decline in the quality [more...]
Date: 2009-01-20 09:52:14
Test Pattern #57: Who’s In Your Wallet?
Over the weekend, the Senate held an unusual Saturday session in order to pass the “Foreclosure Prevention Act of 2008″ or was it the “Housing and ... was sponsored by Speaker of the House Nancy Pelosi. It was co-sponsored by 18 of her fellow Democrats. Not a single Republican signed on to co-sponsor this measure, and it passed the House on July 23rd [more...]
Date: 2008-07-29 16:46:29
Obama: 'What we need is a floor in the housing market'
It didn't receive much notice, but Democratic presidential candidate Barack Obama (pictured) ... a decent house: "The markets are still not affordable. I hope more correction is on the way ... some foreclosures but would not stop the historic decline in housing prices. I eagerly anticipate [more...]
Date: 2008-07-30 04:36:32
Morning Brief: National security makes a comeback
Morning Brief: National security makes a comeback Thu, 10/23/2008 - 8: ... in a hurry, and the White House is now considering spending $40 billion to prevent foreclosures ... out of their headquarters. Pakistan plans to equip tribal militias to fight growing militancy. Thirty years after [more...]
Date: 2008-10-23 12:18:45
Ed McMahon Foreclosure: 9 Take-Aways
Ed McMahon made news recently with an announcement that his home could be foreclosed on. McMahon and his wife, Pamela, are $644,000 behind on $4.8 million in mortgage loans and is trying to avoid foreclosure. The couple had taken out $4.5 million against the house. McMahon had this to say on CNN’s Larry King Live, “If you spend more money [more...]
Date: 2008-06-08 22:01:56
Don’t Worry, Be Happy: Surviving the Financial Crisis?
Are you surviving the financial crisis? While the mainstream media seem more interested in spinning stories of foreclosures, ... oro, the fair trade and community-focused coffee house I just visited in Pittsburgh, where sales [more...]
Date: 2008-11-20 04:12:42
Stopping Foreclosure Through Lender Mediation
by Tomasheus Privetsky You’ve had more than your share of difficulties in the last few months ... to stop foreclosure from happening, you’re being constantly deluged with calls, letters and even house ... . Part of their duties are to arrange payment plans with homeowners whose mortgages are in default [more...]
Date: 2008-12-19 22:27:21
A Realty Firm is in The Forefront Trying to Help Owners
Shelby County has been the victim of over 1,200 foreclosures during November ... so that they can continue to stay in the houses that are their homes. One of the residents is Dorothy Rayford who fell ... and missed payments taken into consideration. A short sale will also address the problem [more...]
Date: 2009-01-20 14:05:55
Ed McMahon's Formula For Not Losing Your House: Avoid Profligacy, Divorces, Debts
Ed McMahon's formula for avoiding foreclosure: Don't get divorced a few times, don't borrow $4 ... in a settlement in 2001 after toxic mold killed his dog. But he's still broke. On Larry King the other ... McMahon owes $4.8 million on his Beverly Hills house, which he's had trouble selling in part because [more...]
Date: 2008-06-08 20:44:00
Sales Will Remain An Anchor, Not A Lifeboat
The Miami Herald reports from Florida. “The median price of an existing single-family house fell in Miami-Dade and Broward counties by roughly 20 ... and foreclosures in Miami’s real estate market, many high rise buildings now have mold growing inside [more...]
Date: 2008-06-27 15:07:09
Millions at risk of foreclosure fraud
Angela Carter outside the Chicago home she may lose because, she says, she fell for a foreclosure rescue scam. ( ... transactions that allow the middlemen to steal equity in the house or walk away from the closing table [more...]
Date: 2008-09-22 09:00:00
The Competition Is Based On Price And It’s Vicious!
It’s Friday desk clearing time for this blogger. “Looking to buy a house in Culpeper? There are plenty to choose from, and they’re going cheap. Looking to sell a house in Culpeper? Lots of other homeowners are as well, values have plummeted and foreclosures are at an all-time high [more...]
Date: 2008-07-25 18:14:50
Chronicles Of Depression 2.0: #123
Ed McMahon talks about possible home foreclosure McMahon, ... , received a $7.2 million settlement after a toxic mold spread through his house and led to the death of their dog in 2001. With legal fees and construction costs of fixing the mold problem, the money [more...]
Date: 2008-06-06 19:45:16
we hope they have the internets in michigan
all of blogtopia and yes, we coined that phrase, is agog (but not necessarily surprised) ... foreclosure lists. cbsmarketwatch: the michigan gop has announced plans to use a list of housing ... , michigan, has announced plans to assign "election challengers" to polling places to question [more...]
Date: 2008-09-11 22:51:08
[Housing Investor Redux] Asking For Seconds, Or Getting Just Desserts?
One of the success stories of the housing market malaise has been the California real estate recovery, in terms of transactions ... of discounted foreclosures helped push the median sale price down a record 35 percent from a year ... and are pricing properties at market levels. Houses in certain markets in other markets like Detroit [more...]
Date: 2009-01-13 03:35:44
