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http://online.wsj.com/article/SB1259...tsNewsSecond The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Nearly 10.7 million households had negative equity in...

http://www.fanniemae.com/newsreleases/2009/4844.jhtml?p=Media&s=News+Releases November 5, 2009 Fannie Mae Announces Deed for Lease? Program WASHINGTON, DC -- Fannie Mae (FNM/NYSE) is implementing the Deed for Lease? Program under which qualifying homeowners...

http://www.bloomberg.com/apps/news?p...IUy3V8QY&pos=1 <strong>CIT Group Files Bankruptcy, Seeks to Cut $10 Billion in Debt</strong> By Tiffany Kary and Dawn McCarty Nov. 2 (Bloomberg) -- CIT Group Inc., the 101-year-old commercial lender that saw its funding dry up in the credit...

<strong>If you are pro freedom watch this.</strong> this is not pro-right or pro-left. it is pro freedom and pro liberty. dont judge by its title. <img src="http://www.freedomsphoenix.com/Uploads/Graphics/001-1006210454-Fall-of-the-Republic-DVD-cover.jpg" alt="" /> Fall Of...

<a href="http://www.dsnews.com/articles/schwarzenegger-institutes-nine-new-mortgage-laws-2009-10-13">http://www.dsnews.com/articles/schwarzenegger-institutes-nine-new-mortgage-laws-2009-10-13</a> Gov. Arnold Schwarzenegger signed nine housing bills into law this week. One in particular...

I primarily work as a short sale listing agent. Fortunately I have a very good team and we have been extremely successful so far. We employ a specific strategy for getting these deals done and in the process I am finding that the lenders bottom line is significantly below market value ($40k to...

I love these and have been keeping my eye on these for a while yet I have no real insight. can anyone shed some light? The Skyline on Main and MacArthur looks to be still vacant. anyone know why? The Marque appears that every listing is an REO or Short Sale. Is it really is that bad of...

Long story kind of short... I took a listing on Friday and today found out that is it also listed with another agent. Seller attempted to do a loan modification which was not successful. The douche bag loan mod agent referred them to an even bigger douche bag real estate agent. The...

This question is for the experienced Realtors on here or for the ones who know what they are talking about. what would be considered a very fast short sale process from property being listed to closed? 2 months? 3 month? most of the agents i have spoken with say a typical...

long read but a great column. http://www.prudentbear.com/index.php/thebearslairview?art_id=10241 Resuscitating the Zombies by Martin Hutchinson June 15, 2009 Citigroup has been restructured with $50 billion of public money without significant reform to its operations, the hedge...

I work primarily with short sales as a listing agent and I am constantly asked if mortgage debt is recourse or non recourse debt. If the borrower does a short sale on their home what are the laws in CA regarding the debt? Isn?t all mortgage debt non-recourse due to the Mortgage Debt Relief Act...

<strong>http://turnerradionetwork.blogspot.com/2009/04/leaked-bank-stress-test-reults.html</strong> Search Search Results ad Sunday, April 19, 2009 LEAKED! Bank Stress Test Results ! The Turner Radio Network has obtained "stress test" results for the top 19 Banks in the USA...

I have been reading threads on this forum for while and have recently joined. I am curious what you think makes a Realtor "Excellent"? IMO an excellent Realtor is one who specializes in one area. Be it a geographic area, or a type of transaction like short sales. Someone who has a...

I am looking for a lender that does not require seasoning on title. I was told that Union Bank of CA does not but i just called and they require seasoning. anyone here know of a local community bank or lender that does not go by fannie mae guidelines? thanks in advance