Las Vegas Numbers From The Field: Contradict Broad Media Data.
I have been wondering why there are such negative media reports on cities like Las Vegas, where we have seen increasing competition for the good bank-owned properties as of late. This would indicate that positive numbers would emerge, but the media seems to contradict it. Since I trust my people in the field a whole [...]
Where The Jobs Are (Arizona, Nevada & Florida, Among Others?)
In today’s Forbes Magazine (9/26/2011), there is an infomative section on jobs titled “Where The Jobs Are” (starting on page 105 and edited by Michael Noer with Christian Wolan) . On the next page (106) there is a statistic by Christian Wolan.
It is titled “Land of Opportunity” and a subtitle “There Are Jobs To Be Had In [...]
MERS Is In Trouble - What Does It Mean To Investors?
An interesting article in the New York Times by Michael Powell and Gretchen Morgenson under the heading “MERS? It May Have Swallowed Your Loan”, from 3/5/2011, Discusses the legal challenges that MERS is facing in many courts related to foreclosure activities. MERS stands for Mortgage Electronic Registration Systems, which is essentially a registry for ownership [...]
The Right Way to Modify Loans?
It is now widely acknowledged that the HAMP program has failed to make a dent in alleviating the need for affordable mortgage modifications nationwide.
Many now call for it go away.
Some of the HAMP program’s failures have to do with the avalanche of paperwork needed for the borrowers to qualify. People applying for the program were [...]
Mortgage Delinquencies Decline: What Does it Mean to Investors?
A Wall Street Journal article from 2/18/2011 by Nick Timiraos has the title: “Mortgage Delinquencies Decline”.
In the Article, Mr. Timiraos cites the Mortgage Bankers’ association survey released last week.The survey shows delinquencies are down to a level not seen since the end of 2008. Early (1-month) delinquencies are down to the level of the end [...]
Whatever Happened to “Buy Low, Sell High?”
I was leafing through a financial magazine recently, when I caught an article about real estate.
The article was about US real estate investors needing to look to buy real estate in other countries at this time.
The reason they gave? Real estate in the US is very low now and possibly might go down more or [...]
VA Foreclosures and the Great Investor Loans They Offer (to Non-Veterans)
As many of you already know, the VA (Veterans’ Administration) sells foreclosed homes and offers investors (who do not need to be veterans), great VA loans called “VA-Vendee Loans”.
As of now, the terms of these investor loans are: 5%-down, 4.5% fixed-rate 30-years.
These are incredibly attractive loans for an investor, especially in the loan-stingy environment [...]
