Monthly Archives: September 2010

Homeownership “the best investment that an average person can make.” Still?

In its report titled “One Recession, Two Americas,” the Pew Research Center reports that 55% of Americans lost ground during the recent recession while 45% said they “held their own.” Although the recession began in December 2007 and purportedly ended … Continue reading

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Chase warns attorneys of possible foreclosure forgers

September 29, 2010: Employees in a lender’s foreclosure operations unit may have signed affidavits in foreclosure cases without personally reviewing the documents, the same issue that has recently plagued Ally Financial, according to a memo obtained by HousingWire. According to … Continue reading

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An Email From a Las Vegas Real Estate Agent

I (Billy O’keefe) have been referring to your ‘Ground Zero’ for the last year and a half as the date you complete a short sale or foreclosure. This date signifies the start of the recovery of your credit and your … Continue reading

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They are the super rich

THE BLOG POST THAT FORCED MR. HENDERSON TO QUIT BLOGGING September 22, 2010: According to Mr. Henderson, the rhetoric in Washington about taxes is about millionaires and the super rich, but the relevant dividing line between millionaires and the middle … Continue reading

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Bankers are offended. They speak of betrayal. Feelings have been hurt.

WALL STREET IS A SENSITIVE GROUP September 22, 2010: “The question I have, sir,” he asked the President, “and this is something I really, you know, a lot of my friends are thinking about. Listen, I represent the Wall Street … Continue reading

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Las Vegas Home Sales at Two Year Low

September 22, 2010: Las Vegas home sales in August fell to the lowest level in two years, according to San Diego-based real estate data provider DataQuick. The unemployment rate in Nevada’s Clark County, home to Las Vegas, was 14.7 percent … Continue reading

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2011 Could Be the Year of the Loan Modification, Short Sale and Foreclosure

September 19, 2010: If 2008 was the year of the foreclosure, 2009 the year of the loan modification, 2010 the year of the short sale; then 2011 may be the year of all three. In Las Vegas, in the summer … Continue reading

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Financially strapped more likely to accept “walking away”

A majority of Americans say it is “unacceptable” for homeowners to stop making their mortgage payments and abandon their homes, according to a Pew Research Center survey. But more than a third (36%) say the practice of “walking away” from … Continue reading

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New law proposed to shorten the short sale process

On September 15, 2010 a bill was filed by U.S. representatives Robert Andrews (D-N.J.) and Tom Rooney (R-Fla.) to speed up short sales. This bill is H.R. 6133, “Prompt Decision for Qualification of Short Sale Act of 2010” and is … Continue reading

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61% of Las Vegas Home Sales Are Distressed

Las Vegas with 61% and Riverside, Calif., with 59% continue to lead the nation in distressed sales for the largest 25 metropolitan markets, according to CoreLogic. Phoenix , Sacramento, Calif., and Orlando, Fla., were the only other markets to have … Continue reading

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