OK, I haven’t seen this at open houses. The best I’ve been offered is lemonade and cookies. (No, thanks.) Never have I been offered booze and beats. (I might have taken them up on that.) But in Miami areas hard hit by the housing crisis, a party just might sell your home. Read on: In [...]
Filed under: House Hunt, The Market | Tagged: Miami, Nora Sandoval, open house, party, selling | Leave a Comment »
OK, I’ve been Debbie Downer lately, so we are introducing a new feature: Price Check! Where we pick an arbitrary price and see what one can buy, preferably the least skanky. Feel free to suggest your own prices, since mine will be boring and ending in 000s. Onward: There were many, many homes in Richmond, [...]
Filed under: House Hunt, Price Check, The Market | 1 Comment »
Foreclosure fever, have you got it? DataQuick does. And so do I! Read on: More than 180 homes a day went into foreclosure in the Bay Area during the first quarter of the year, DataQuick Information Systems reported Tuesday. About 68 percent of homeowners in default during the first few months of 2008 lost their [...]
Filed under: Foreclosure Fever | Tagged: bay area, dataquick, foreclosures | Leave a Comment »
Oh, man, just when I was ready to call the end of the “housing crisis” in 2011, I see this. Apparently, the folks at the International Monetary Fund are doing their research. (For those of you who didn’t take development studies courses, the IMF is an international organization run by the United States that spends most of [...]
Filed under: Foreclosure Fever, Mortgage Mania, The Market | Tagged: housing market, IMF, loan, mortgage, mortgage meltdown, neg-am, option-ARM | 4 Comments »
The Los Angeles Times is reporting that people are burning down the house (and car) because of the foreclosure crisis. OK, I’m not buying it because any insurance expert will tell you that 99 percent of all homes in California are underinsured. But here’s what Ken Bensinger writes: In what appears to be the latest symptom [...]
Filed under: Foreclosure Fever, The Market | Tagged: arson, car, crime, foreclosure, lender | Leave a Comment »
So, you probably saw my story on FHA loans today, right? (Humor me.) Well, the Federal Housing Administration (FHA) was created in 1934 at a time when 2 million construction workers were out of work and mortgages were limited to 50 percent of the property’s value and a repayment schedule spread over three to five years — then [...]
Filed under: Foreclosure Fever, Mortgage Mania, The Market | Leave a Comment »
