How To “Game” The New Housing Rescue Plan Legislation
I am appalled and disgusted by the new Housing Rescue Plan that was approved by Congress over the weekend. There’s nothing good about it, despite the appeals to “fairness” and “stress”. Nevertheless,...
View ArticlePreemptive Protection Against Tenants Going Bad
The unemployment report was just released for October, and the news isn’t good. Approximately 240,000 jobs were lost in the month and the unemployment rate has hit 6.5%. Traditionally, an unemployment...
View ArticleThe Government Directly Attacks Small Investors Yet Again
If you’ve read my blog for any period of time, you know I’m not a fan of the Obama administration. And their latest attack on the rights of small real estate investors – like YOU and ME – does nothing...
View ArticleHome Affordable Unemployment Program (UP) Goes Into Effect July 1, 2010
Unemployed borrowers could qualify for forbearance on their mortgages starting in July. UP is designed to reduce or suspend mortgage payments for at least 3 months or to reemployment, whichever period...
View ArticleNeighborhood Stabilization Programs to Get Discounts on REO Properties
HUD announced earlier this week that it will be providing discounts on REO properties to state and local governments and non-profit organizations during the already-established “First Look” viewing...
View Article“Preventable” Short Sale Losses Total About $310 Million
CoreLogic, a real estate data and analytics firm, estimates that while short sales have tripled since 2008 and are saving literally thousands of homeowners from foreclosure, that lenders are losing...
View ArticleBulk REO Trader – The Awful, Dreaded, Horrid, Despicable, Annoying Product...
If there was something that I truly believed in – something that I knew could truly be the “difference” for the success of your real estate business – something that’s potent enough to change your...
View ArticleBulk REO Investing – What To Avoid, What To Embrace
The topic of Bulk REO Investing has really gotten a lot of attention lately, and with good reason. “Bulk REO Investing” refers to making profit by buying and selling groups of REO (foreclosed)...
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