Walkaways, Pay Option Arms Hit Banks...

A lot of reports out today collectively gave me a very bad feeling about the state of our current housing recovery. First, Amherst Securities Group took a look at Pay Option ARMs. These are the adjustable rate loans so popular in 2006 that allowed you to choose your monthly mortgage payment, while tacking...

Home Buyers Less Likely to Buy Foreclosu...

Bargain hunters looking to find a deal have slowly come to realize the pitfalls of buying a foreclosed home. A recent survey on behalf of Trulia.com showed a sharp drop from 55% in May to 43% in November of those considering to purchase a foreclosure. Source:CNBC

The Truth about Buying Foreclosure'...

The truth is… for every foreclosure that turns out to have been a “great buy” there are hundreds of foreclosures that turn out to be a nightmare for the buyer. The risks involved in buying a foreclosure are extraordinarily high and there is no one protecting you. Once you move into a foreclosure...

Next Wave of Foreclosures; Fact or Ficti...

For some time now, there has been an ongoing speculation about the “next shoe to drop” whether it is Commercial Real Estate, or residential homes. A great article lays out why this maybe just a myth to spook investors, and/or residential buyers. The amount of option ARM loans that were originated...

Making Home Affordable… rele…...

Making Home Affordable… released today by Treasury Dept. a program to help troubled borrowers today, http://makinghomeaffordable.gov/