Equator.com Initiates 1.7Million Short Sales Over the Last 2 Years
Equator.com Initiates 1.7Million Short Sales Over the Last 2 Years
Read More4th Quarter 2011 Case-Shiller Housing index; Home Prices Worsening in Los Angeles…More Short Sales
Case-Shiller released the 4th quarter tracking on home prices. Los Angeles, while not a the top, certainly was showing now signs of home pricing rebounds…with an annualized decrease of almost 5% year over year and a 1 month decline of 1.5% from September “11 to October “11. There is much talk about a massive influx of foreclosures in 2012…however, with continued declines I believe the numbers are much exaggerated. Why? The banks and services are already dealing from massive volumes of losses…supported by the recent announcement from BofA carrying...
Read MoreThis is Just Funny…Thanks Kevin! Bank of America Needs….Demands Your Help!
My Brother Kevin shared this with me today…times are getting tough at BofA… there stock closed at $5.56 today… that’s about 57 cents away from a penny stock… Great laughs!
Read MoreHUD Extends Waiver of Anti Flipping Rule to December 31,2012…More Short Sales!
Really…No surprise here. In an effort to stimulate sales and reduce housing inventory…the HUD extended it’s “lift” of the ban on “Flipping”…the process of purchasing a home, fixing it up and selling it on the open market…sounds sill but yes…the Government had a rule against that…like the government needs to regulate anything else in our lives. So hear ya go…the announcement: The Federal Housing Administration is extending its waiver of a rule that prohibits the agency from insuring homes sold within 90 days of their...
Read MoreBank of America is Hosting 45 "Speak to Your Servicer" events in 2012…Short Sale, Rent and Buy Back?
Much needed and long awaited, BofA is stepping up and addressing the homeowners face to face in 45 scheduled meetings across the US. What’s BofA’s objective…probably to tell their homeowners that there is nothing they can do…but in a nice formal manner so as to get it across to their homeowners that we can’t help you, because if we help you…we have to help everyone….and that goes against our inept senior managements ideals of Platinum Parachutes when they get fired later this year…for driving the largest American bank into the...
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