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Real Estate Articles
What to Do When You Can Not Afford Your Home
22 Jul 2008 at 2:29pm
In general, the only way to keep your home is if you are able to make a normal monthly payment. Even if you can not afford your existing payment, we would be able to negotiate a lower monthly payment or do a loan modification. But if you could not afford a lower payment either, then there would be no reason to try and save the home from eventually ending up in foreclosure.

Purchasing a Foreclosed Home - How Long the Process Takes
22 Jul 2008 at 2:29pm
Depending on how you plan to buy the foreclosure property, it can take anywhere from 1 day to over a year! Here are the basic stages of foreclosure and how long it would take to purchase the property at that stage: Pre-Foreclosure - This is a property where the owner has missed payments and is in danger of losing the home to foreclosure. At this point, the bank does not control what the owner can do with the home, as long as they can satisfy the lien against the home.

Government Grants, Programs, and Proposals to Fix the Foreclosure Mess
21 Jul 2008 at 12:13pm
There are many ideas floating around Washington DC these days, but will any of them help stop the foreclosure crisis' Everyone seems to have their own plan for helping homeowners through new legislation and banking rules.

When Realtors Use the Term "Clean Foreclosure," What Do They Mean?
21 Jul 2008 at 12:12pm
Either from homeowners taking frustrations out on the house or simple neglect by a bank owner, foreclosure properties are often in a state that requires extensive work before they are livable. However, occasionally homeowners may come across a listing pointing out a "clean foreclosure." How this type of property differs from the average can mean savings for home buyers and a beneficial solution for the banks owning such houses.

After the Foreclosure Crisis, The Corporations Will Take Over
21 Jul 2008 at 11:54am
Now that the foreclosure crisis has taken the economic lives of hundreds of mortgage lenders, a handful of banks, and untold numbers of families, it makes sense to evaluate what has happened to engineer the events now taking place. With a central bank controlling the money supply and the nation enjoying issuing the reserve currency of the world, it is not difficult to analyze how the country has been set up to be sold off to the highest secret foreign corporate bidders.

Insurance Against Economic Depression - Learning to Live Without
16 Jul 2008 at 4:29pm
One of the more distressing aspects of experiencing a financial hardship is the feeling that the bills will never go away or be paid off. Cable television, internet, cell phones, housing phones, and newspaper and magazine subscriptions may be somewhat unnecessary but have become almost indispensable for modern life in America. And all of these bills do not even take into account utilities like heat and electricity, or debt payments like car loans, the mortgage, student loans, and credit cards.

Filing Bankruptcy on the Sheriff Sale Date to Stop Foreclosure
16 Jul 2008 at 4:28pm
One of the most important aspects of Chapter 13 bankruptcy and how it relates to the home mortgage foreclosure process is its ability to put the entire proceedings on hold, no matter how far along they have gone or when they homeowners file for bankruptcy. This means that foreclosure victims can, in many cases, wait until just a few hours before their home is scheduled to be auctioned at a county sheriff sale, and still have the sale stopped.

Homeowners Insurance and the Foreclosure Process - How Do They Affect a Prope...
16 Jul 2008 at 4:27pm
Homeowners insurance is one of the peripheral issues that families facing foreclosure must deal with. While it is possible that the county can take the home through a different type of foreclosure for unpaid property taxes, and the mortgage company will be pursuing a lawsuit for the defaulted mortgage contract, there is little the homeowners insurance company will do upon nonpayment. However, this does not mean that property owners have nothing to worry about.

Tactics to File an Answer to the Mortgage Company's Foreclosure Lawsuit Compl...
16 Jul 2008 at 4:24pm
When homeowners receive a bank's foreclosure complaint in the mail, they are usually given from fourteen days to a month to file an answer with the court. While the circumstances of the situation should determine how exactly the owners will respond to the lawsuit, there are a number of different options they may consider when fighting back against their lender's attempt to auction the house.

How You Can Get a New Mortgage Even With a Foreclosure on Your Credit Report
16 Jul 2008 at 4:17pm
Besides the possibility of having nowhere to go after foreclosure and being publicly humiliated during an eviction, one reason homeowners may try and stay in a foreclosed house as long as possible is that they do not believe they will ever own a home again. After all, banks would never lend to foreclosure victims, right' Wrong -- and by keeping in mind a few simple principles and applying them for the first few years after losing a home, borrowers may find it quite painless to qualify for a new mortgage.

Is it Time to Make a Stand and Stop Paying Bills?
16 Jul 2008 at 4:16pm
There is no question that the most important tool that the increasingly cash-strapped people of American can use to reassert their power over the economy and their financial lives is their monthly debt payments. Without the huge amounts of borrowing that have been done in recent decades, most of the money in existence right now would cease to exist, and banks would be in a much more difficult position.

How Long it Takes to Qualify For a New Mortgage After Foreclosure
16 Jul 2008 at 4:14pm
Closely related to the question of if homeowners who lose a property to foreclosure will ever be able to qualify for a new loan again, is how soon they can apply for another mortgage. Thankfully, the answer to this question depends mainly on how much the homeowners are willing to work to repair their financial situation and how serious they are about establishing new, responsible credit histories.

More Homeowners Locked Out of HELOCs Defaulting Into Foreclosure
9 Jul 2008 at 9:11am
In another wave of unintended consequences of bank's poor lending activities and the pump and dump nature of the housing market over the past decade, defaults on Home Equity Lines of Credit have risen to historic highs. This comes just a few months after mortgage companies began to lock homeowners out of access to their accounts, due to declining home values in local real estate markets.

Current Housing Market Meltdown Only the First of Many Foreclosure Crises
9 Jul 2008 at 9:10am
With all of the bad economic news coming out every day, and the continuing collapse of housing prices and record foreclosure numbers, it often seems like the situation just can not get any worse. Unfortunately, the numbers being reported now about the number of foreclosures compared to a year ago quite underestimate the problem, as foreclosures take months to wind their way through the legal system.

Filing Bankruptcy When Your Homeowners Association is Suing For Unpaid Fees
9 Jul 2008 at 9:09am
If your HOA is trying to force a foreclosure on your condo or townhouse due to unpaid association fees, then it may be likely that they have a lien on the property. This may have been the result of some type of confession of judgment if you ever fell behind or due to the association suing you in civil court. Otherwise there may be some clause somewhere in your HOA paperwork that lets them sue you for a foreclosure if you fall behind on the association dues.

Earnings Preview: Simon Property Group
25 Jul 2008 at 12:17pm

Simon Property Group (SPG), a REIT, is expected to report Q2 earnings before market open Monday, July 28, with a conference call scheduled for 11:00 am ET.

Guidance

Analysts are looking for EPS of $1.49 on revenue of $884.98M. The consensus range for EPS is $1.46 to $1.54, while the consensus range for revenue is $814.15M to $917.30M, according to First Call.

Complete Story »

June Existing Home Sales Dip While Supply Rises
25 Jul 2008 at 8:10am
Ron Haruni submits:

The slowing economy and the current rates of foreclosures, continues to drag down and impede any recovery attempts by the housing market.

According to a report released on Thursday, by the National Association of Realtors [NAR], for the month of June: existing-home sales, fell 2.6 percent to an annual rate of 4.86 million versus 4.94 million consensus.

Complete Story »

USG, Eagle Materials: Earnings and Conference Call Notes
25 Jul 2008 at 6:35am
James Cullen submits:

Wallboard maker – and more! – USG Corporation (USG) reported earnings Tuesday (see conference call transcript), along with comparable Eagle Materials (EXP) (see conference call transcript). USG has a roughly 30% share of the wallboard market, with Eagle in the high single digits.

Having beaten on both the top- and bottom-lines for the quarter, USG rallied 13% as it has done on earnings before, with the stock price increasing on pretty much a straight line; Eagle was flat after a fairly large EPS miss.

Complete Story »

Setting a New High Mark for the Next Housing Bubble
25 Jul 2008 at 4:33am
Tim Iacono submits:

Still catching up on developments over the last few days when we were off in the high-country, one of the more shocking reports was the rise in foreclosure activity in California through the second quarter of the year. Not that rising foreclosures are any surprise, but already exceeding last year's total by a hefty margin after just six months (with no apparent slowdown in sight) makes you wonder just how big the total will eventually be for 2008 and what this chart might look like next year.

When some of us were yelling "housing bubble" back in 2004 and 2005, many pollyannas would point to 1996 and say, "Pipe down - we're not even close to the levels of mortgage delinquency seen back then and that doesn't factor in the population growth".

Complete Story »

How Dumb Does the NAR Think Homebuyers Are?
25 Jul 2008 at 4:19am
Tim Iacono submits:

The amount of misdirection coming from the NAR (National Association of Realtors) seems to be inversely correlated with the skittishness exhibited by potential buyers as seen in comments for yesterday's report on existing home sales.

Sales of previously owned homes in the U.S. made a new 10-year low in June, down 2.6 percent from May and almost 16 percent below year ago levels, while inventory poked back above the 11 month mark for the second time in the last three months.

Complete Story »

The Worst U.S. Housing Market in a Generation Could Mean $1 Trillion in Write...
25 Jul 2008 at 12:34am
Money Morning submits:

By Jennifer Yousfi

Troubling data on the U.S. housing industry released Thursday lends weight to iconic income investor Bill Gross’ theory that global financial firms will eventually see $1 trillion in total write-downs.

Complete Story »

The Housing Bill and the House Hank Helped Build
24 Jul 2008 at 4:44pm
matt cooperMatt Cooper (Portfolio.com) submits:

24-bush-paulson-large.jpg If you're trying to talk an insane person off a ledge, you're going to do everything you can to calm them down and get them to come inside. You're not going to remind them that, well, their life does kind of suck and they have to take more responsibility for the mess they find themselves in. That would not be a good idea.

When you have an economic mess like the one we're in now--falling housing prices, a credit crunch, unstable capital markets, and whacked-out energy prices--you need a big cup of calm. And the housing bill that passed the House of Representatives this week should provide some chamomile tea (if not Xanax) for a jittery economy.

Complete Story »

Why the Housing Bill Won't Help the Housing Market
24 Jul 2008 at 3:20pm

The Housing Bill going through Congress will not solve the nation's housing problem.  Congress would like to help homeowners who are overextended, as well as prospective home buyers.  By extension, they want to help home-builders and developers and the whole food-chain involved in the residential construction sector.  The housing bill will not help.

The real problem:  too many housing units.  Today the Census Bureau released second quarter data on vacancy rates, and the numbers are still ugly.VacancyOwned Can we solve this oversupply of housing by making mortgages easier to get'  The problem is really too big for mortgage reform to fix.  But if it did, we'd aggravate the excess supply of rental housing:VacancyRental It's important to keep both markets in mind.  Rentals can be converted into condos, which happened at the height of the home ownership boom (2004).  New condos can be made into apartments, which is happening now as recently-completed condos sit vacant.  Single family homes can be rented out or not.  And if the single-family market improved just a bit, homebuilders sitting on lots would try to interest the public in new houses.  The surplus in rental markets makes the surplus of owner-occupied housing that much harder to resolve.

Complete Story »

The Nature of a Crowded Trade: This Time It's Housing
24 Jul 2008 at 1:48pm
david merkelDavid Merkel submits:

Let me start off with two Columnist Conversation posts that talk about crowded trades:

When Is a Trade Crowded' 8/9/2006 9:35 AM EDT

Complete Story »

Bill Gross: The Housing/GSE Bill Is Best Way Out of Credit Crisis
24 Jul 2008 at 7:21am

In PIMCO Managing Director Bill Gross's monthly market commentary for August 2008, the 'Bond King' comments on what will ease the credit crisis:

Aside from cyclical contractions and a brief bout of deflationary monetary policy in the Volkerian 80s, credit has always been available and at a relatively cheap price. Credit and debt finance is, in fact, the mother’s milk of capitalism: without it, entrepreneurs may transact, but economic progress would be most difficult with seashells or gold bars for mediums of exchange...

Complete Story »

Now's the Time to Buy Something
24 Jul 2008 at 6:46am
Jack Miller submits:

...(I received an) email complaint about my being a broken record in regard to the airlines. It noted that I recommended these stocks at much higher prices and recommended doubling-up half-way down. What can I say' I did recommend the stocks again and again and I still do. I have strongly recommended Continental (CAL) since it was trading around $6 per share in 2002. CAL just reported an amazing quarter (Call Transcript). With oil prices at ridiculously unsustainable levels, the company added about $500 million dollars to its net cash position! How much will it add when oil prices are down'One of the reasons I write about the airlines so much is because the boom in international travel (still is in its infancy) is part and parcel to this new wonderful economic age that we have entered. A new age that is being totally mis-characterized by left leaning media.

Complete Story »

Foreclosures Still On the Rise in California
24 Jul 2008 at 4:15am
tim plaehnTim Plaehn submits:

Over the last few months I have been writing articles on the improving housing market in the Sacramento region, with a little Las Vegas thrown in. I write on these areas because I am familiar with the markets and these were some of the leaders of the recent boom and bust. Over the last 3 months these markets have shown growth in numbers of home sales in both year-over-year and month-to-month, though at significantly lower median prices than a year ago. Yesterday’s data show the other side of the equation, foreclosures have not turned the corner yet.

In the 2nd quarter of 2008, foreclosures for the 8 county Sacramento region totaled 6,075 compared to 5,278 in the first quarter. The total foreclosures of 11,353 is in comparison to 17,117 homes sold year-to-date in the region. Over half of the resales have been foreclosure properties.

Complete Story »

This Can't Be Helping Real Estate
24 Jul 2008 at 3:58am
Hickey and Walters (Bespoke) submit:

Bankrate.com's 30-year average US fixed mortgage rate was at 6.5% Tuesday, which is the highest it has been since April 2002.  New highs for rates can't be tempting potential home buyers to pull the trigger.

click to enlarge

Complete Story »

A Long Housing Boom Won't Yield to a Brief Recovery
23 Jul 2008 at 12:12pm

Scott Almeida had a problem.

Fresh out of jail and in need of some money, Scott needed to find a job quick. Florida’s housing market was red hot in 2002, so he thought he’d shoot for a mortgage license. Scott liked shooting things—when the cops busted up his cocaine trafficking business, they’d also found a large stash of assault rifles and ammunition.

Complete Story »

Earnings Preview: Boston Properties
22 Jul 2008 at 2:24pm

Boston Properties (BXP), a REIT, is expected to report Q2 earnings before market open Wednesday, July 23, with a conference call scheduled for 10:00 a.m. ET.

Guidance

Analysts are looking for EPS of $1.17 on revenue of $364.14M. The consensus range for EPS is $1.15 to $1.19, while the consensus range for revenue is $345.71M to $375.01M, according to First Call. In May, Boston Properties acquired the General Motors Building and three other New York City buildings from Macklowe Properties for about $3.949B.

Complete Story »

First Time Buyers and Model Homes
13 Jul 2008 at 12:02pm
Buying home is both an emotional and financial decision. You want to stick to your budget, but your eyes can get mighty big when you see some homes. This is particularly true if you are a first time buyer and are looking at model homes.

Does Renting Make Sense Given the Bad Real Estate Market
13 Jul 2008 at 11:59am
One of the basic tools used by financial advisors is to show their clients the advantages of homeownership versus renting. As you've probably heard, renting always seems to come out as the bad option. Many are starting to question whether that is still the case.

The Secret to Enticing Buyers in a Slow Market
13 Jul 2008 at 11:48am
The real estate market has typically been touted as a stable field where your investment will grow slowly, but surely, over time. And then the 21st century came and everything went nuts.

Getting Comfortable With Real Estate Contracts
13 Jul 2008 at 10:44am
Selling or buying a home is one of the biggest transactions you will ever enter into during your life. As with most transactions of this sort, a contract is required. Ah, but what if you are not a lawyer'

Two Repairs to Do Prior to Selling Your Home
12 Jul 2008 at 4:31pm
When you list your home on the market, you have to realize potential buyers are going to go over it with a fine tooth comb. This means you need to make repairs before hand. Since you probably aren't rolling in money, prioritizing repairs is often important.

Are Foreclosures Indicative of a Bottoming Real Estate Market?
16 Jun 2008 at 1:45pm
The real estate market is bouncing back from a legendary hot period by going ice cold. Money has dried up, home values are bombing out and foreclosures are at unheard of levels.

Energy Efficiency - A Creative Tweak When Selling Your Home
16 Jun 2008 at 1:45pm
The real estate market is slightly cold these days across much of the country. If you hope to sell your home for a decent price, you need some factor that makes it stand out from similar homes around you.

Who Wants to Understand Real Estate Contracts?
2 Jun 2008 at 4:43pm
Mention the word contract and images of expensive lawyers comes to mind. In real estate transactions, this is largely not the case anymore.

The Unpublished Problem With the Real Estate Market
2 Jun 2008 at 4:42pm
The hyped reasons for the massive slow down in the real estate market are the credit crunch and bursting of the real estate balloon. There is one other major problem that nobody talks about.

Finding the Bottom of the Real Estate Market
2 Jun 2008 at 4:41pm
Down, down and down we go. Where will the real estate market settle' Is it possible to figure out where the bottom of the real estate market will be' It is an interesting question.

The Secret to Getting the Best Price on Home Improvements
2 Jun 2008 at 3:21pm
One of the time tested strategies in real estate is to buy the "ugly duckling" on the block and then improve it to reap appreciation gains. The key to maximizing your gain, of course, is to minimize your cost. This means you need to know the secret to getting the best price on home improvements.

Homeowners Should Avoid Paper Loss Panic
2 Jun 2008 at 3:19pm
The sky is falling! Talk to practically any homeowner these days and you would swear that Armageddon has arrived. While the real estate market is a mess, homeowners need to take a deep breath.

Getting Lenders to Give You Money
13 May 2008 at 10:05am
As of the writing of this article, the real estate market is a horrific mess as prices fall. This "down" market is, of course, a huge boon for home buyers. You can pick up properties at very low prices and make a killing when the prices recover in a year or so.

Secret Strategies For Coming Up With Down Payment Funds
13 May 2008 at 10:04am
The current real estate situation is a killer for most borrowers. While prices are down to very attractive numbers, getting funding to buy a home is very tough given the current credit crunch.

The Secret to Getting Over Your Fear of Contracts As A FSBO Seller
28 Apr 2008 at 1:01pm
Selling your home without a real estate agent has a lot of benefits. Many homeowners, however, fail to take this path because of a fear of dealing with the real estate contracts involved. This common fear is misplaced.

Stopping Foreclosure Just Got Easier
21 Jul 2008 at 10:32am
Stopping foreclosure has become easier since economic times are tough. It's probably no surprise news to you that foreclosures are on an...

Successful Event Fundraising in a Tough Economy
15 Jul 2008 at 4:53pm
You might think that in a tough economy event fund raising is a difficult proposition. However you may find that people are much more generous knowing that things are tough and they are often willing to support a worthy cause. This article will look at a couple of fundraising events that you may try in your area.

Wood Flooring - Rooms to Avoid
15 Jul 2008 at 4:52pm
Wood flooring is a wonderful investment into your home if you plan on staying in your residence for a considerable number of years. Wood flooring can be very durable and add tremendous charm and beauty to your family room, office or hallway.

There's Still Time to Stop Bank Foreclosure
11 Jul 2008 at 10:08am
Banks and lending institutions have been foreclosing on properties at an all-time high in the past year or so. If you are not too far behind.

Laminate Flooring is a Great Alternative
10 Jul 2008 at 9:55am
Laminate flooring has gained tremendously in popularity over the last 10 years or so. Not only is this type of surface more cost-effective and easy to care for. It can oftentimes fool you into believing that it is real. The sonic will look at some of the benefits of installing laminate flooring in your next home improvement project.

Visualize Your Home Remodeling Project
3 Jul 2008 at 9:22am
Creating a good mental picture as well as having a physical picture of what you hope to accomplish when you start remodeling your home will not only save you considerable time and money, but it will also bring you and your family much more enjoyment in the long run. If you have found something that you really like in a certain room design layout, perhaps in a magazine or other place - then keep it.

The Best Foreclosure Help is Enjoying Life After Foreclosure
3 Jul 2008 at 9:20am
Falling victim to a foreclosure does not mean that it has to be the end of the world for you. If you have recently lost your job or your business is starting to decline and you are facing the probability of losing your home to your banker or another lending institution - It may not be as bad as you think.

Kitchen Decor Adds Value
30 Jun 2008 at 1:09pm
There are many decisions that go into kitchen decor that you should consider before you begin your next project. Some of the main things you need to consider are the theme, the style, the room and the budget.

Stop Mortgage Foreclosure Fast
27 Jun 2008 at 10:48am
The only way to stop mortgage foreclosure is to work out an amicable solution with your bank or lending institution. There are few ways this can be accomplished. This article will look at some possible scenarios for you to look at.

Marble Flooring is a Wonderful Addition to Your Home
27 Jun 2008 at 10:47am
Marble flooring can be extremely durable very beautiful and add considerable value to your home. It is highly advisable that you hire a trained professional...

Work Together With Your Kitchen Remodeling Project
24 Jun 2008 at 1:24pm
Kitchen remodeling can be a rather daunting task if you do not have an agreement with your spouse when beginning the project. If you plan to take on a kitchen remodeling project anytime soon listen up. One of the best things you can possibly...

Small Bathroom Remodeling Ideas
20 Jun 2008 at 2:30pm
Small bathroom remodeling requires some solid plans when you have little space to work with. You should focus on one or two main areas if you're looking to improve the look and feel of a small bathroom. This article will look at a couple of ideas you might use in your next remodeling project.

Plan a Fund Raising Event For the Winter
20 Jun 2008 at 2:28pm
Wintertime is possibly one of the best times for any church or school fund raising event. If you have been placed in charge of the committees for your church or school in which you need to raise some funds think winter. This article may be of use to you in planning your next fund raising event.

Choosing the Right Feel For Your Decor
17 Jun 2008 at 4:24pm
When remodeling your home or doing any home improvements you can often times get lost. The decor can be the one area that gets you so lost with ideas. There are literally millions of items that you can choose for your home decor - so you have to know how to plan out your project. This article will look at putting together a good theme.

Money Saving Ideas For Remodeling Kitchen Cabinets
17 Jun 2008 at 4:23pm
One of the ways to get the most value out of any kitchen remodeling project is to focus on the kitchen cabinets. If you're on a limited budget there are many things that you can do to spice up your kitchen cabinets and make them look totally new. This article will look at one unique idea that you can use to spice up your kitchen cabinets.

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