I’m sure all of you have noticed there seems to be a bit of a discrepancy between those asking prices from individual owners and those bank-owned properties in the same neighborhood. Not sure? Here’s an example: Take this foreclosure, a 4,000-square-foot house on 3825 Mandy Way in San Ramon. According to ForeclosureRadar, it was sold at [...]
Filed under: Foreclosure Fever, The Market | Tagged: median prices, REO, Trulia | 2 Comments »
While the story today about Vallejo’s possible bankruptcy is big, I don’t think it’s all based on salaries and pensions. But here’s an excerpt: Orange County Supervisor Moorlach said Vallejo’s problem is that it’s spending more than it’s taken in each year, and it’s “creating obligations it never could afford and never should have [...]
Filed under: Foreclosure Fever, Mortgage Mania, The Market | Tagged: foreclosure, subprime, Vallejo | Leave a Comment »
An article today in the New York Times again tackles the question if the government should help homeowners who owe more on their home than its real value. Apparently the numbers of homeowners who are in that situation are growing, mostly in the West. Not since the Depression has a larger share of Americans [...]
Filed under: Foreclosure Fever, Mortgage Mania, The Market | 2 Comments »
There, I don’t think I could make it clearer. I am writing a couple stories on people who are looking to buy a house right now. My questions are: 1. What is making you decide to buy now? 2. Would you be interested in buying a smaller detached home (a house around 1,600 square feet) [...]
Filed under: Uncategorized | 1 Comment »
A story showed up in the Times today saying that a string of zeroes in a price, such as $425,000 will fetch a lower price than those selling fro $424,354. Why? Read on: Consider this: A research team at Cornell University has found that people will pay more for a house if its listing price [...]
Filed under: House Hunt, The Market | Leave a Comment »
Washington Post staff writer Renae Merle wrote this story last week that I read over the long weekend. Mortgage lenders hunting for delinquent homeowners who have dodged their phone calls and letters are employing aggressive new methods to track them down, potentially making every knock on the door or fancy envelope seem like part of [...]
Filed under: Foreclosure Fever, Mortgage Mania | Leave a Comment »
