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http://www.rentometer.com/ Try this for finding comps. The website touts its service has been covered on radios and TVs.

http://www.vlender.com/cgi-bin/calc/rent_vs_buy.cgi

Just a reminder that property tax is ad valorem, so I would negotiate first on the price.

"Standard & Poor's on Wednesday changed its outlook on Beazer Homes USA, Inc. to negative from stable, citing expectations of sharply lower earnings at the home builder. <p> "The outlook revision reflects our expectation for sharply lower earnings in 2007, which raises the potential that...

graphrix - the Charlotte article troubles me in that many of these loans involve FHA which now means that because it involves government-insured loans, the taxpayers, us, will end up footing the bill. This on top of Sen. Dodd's proposal to bail the subprime borrowers out of foreclosures?

NickStone - I am not a tax expert so I cannot confirm if the lenders will 1099 after a short sale, but my general understanding is that for any debt relief, there will be a 1099. Note that there are also credit implications if the short sale is due to an involuntary foreclosure, as opposed to a...

Prices dropped 1.1% in Los Angeles, or a 14% annual rate. (unfortunately, CSI does not distinguish between OC and LA). http://www.marketwatch.com/news/story/home-prices-go-negative-first/story.aspx?guid=%7B30B54985%2D2189%2D4AE9%2DB8E5%2DECF89F6095F3%7D&dist=TNMostRead

Mimo, I'm sorry...but I couldn't resist. The headline is too juicy to be buried with the other stuff. Is this another New Century about to be exposed? Bigger question is, is there a correlation between those homebuilders with high percentage of sales to flippers somehow engaged in this...

When lenders foreclose on the deed of trust (sometimes referred to as the mortgage), they are basically looking to the collateral to satisfy the debt. Foreclosures are much quicker (usually within 4 months from the time of first missed payment) and are a non-judicial process. If the funds...

By the time you add up the property taxes, HOA (and sometimes sub HOA), Mello Roos, and various other bonds and charges (vector control, etc.), you are looking 2.0% annual property tax. That's $12,000 per year if you buy a $600,000 townhouse, or $1,000 per month in addition to your mortgage...

Inquiry involves "fraud in general" and more specifically is related to corporate, mortgage and investment issues. http://news.yahoo.com/s/ap/20070327/ap_on_bi_ge/beazer_homes_investigation;_ylt=Alr.JMfkWXQzBP3GT.i8iReyBhIF Oh, oh.

FYI - any communications and understanding relating to real estate must be in writing. So anything they say with a wink and a nod but cannot be memorialized is simply not enforceable.

If lenders don't already have their own REO departments, they can outsource to title companies (for instance, Fidelity) who may have been named as the Trustee when the DOT was recorded; attorneys; property management companies that specialize in marketing REO properties. With regards to...

Yes, this is for both resales and new homes, and includes SFR as well as condos. What I do know is that new homes are recorded when the contract is signed, where resales are recorded when escrow closes, which I think is a bit odd to have a mixed bag within the same report. What I don't know is...

Irvine 92614 $528,000 0.6% 22 0.0% This is for Home Sales Recorded in February 2007, so the date range is assuming to be 02/01 - 02/28<strong> </strong>

RPT-Wells Fargo cuts another 121 subprime jobs "Wells Fargo & Co., the fifth-largest U.S. bank, on Tuesday said it is eliminating 121 jobs in Tempe, Arizona, in a unit that offers mortgages to higher-risk borrowers. <p class="textBodyBlack"> The cuts are on top of 323 previously announced...

Wells Fargo cuts 500 jobs in mortgage unit "Most of the cutbacks, concentrated in South Carolina, Arizona and California, stem from Wells Fargo’s recent decision to make it more difficult for borrowers with blemished credit records to qualify for subprime mortgages."

<strong><em>% Change is from the same month last year</em></strong> Median % change Sales % change 92602 $715,000 7.0% 23 -25.8% 92603 $650,000...

$1,197,000 is $100k more than the last listed price of $1,099,000, which was a drop the prior listed price of $1,197,000. Is the builder just confused about pricing, or are they just playing with your head? The market is not getting any better, so it must be because it is spring selling...

Phase 3 Prices effective March 7, 2007 Plan 1 $45,000 credits towards Design Center Plan 2 $45,000 credits towards Design Center Plan 3 $50,000 credits towards Design Center Plan 4 $55,000 credits towards Design Center Prices appear to remain the same as previously...