Archive for the 'Real Estate' Category

Saturday, the Senate approved a bail out for stockholders who got rich from the subprime mortgage industry. Nobody is bailing out the tax payers who have to pay for this silk stocking welfare. It remains to be seen if any actual homeowners will be helped, but we know every taxpayer is getting hosed to bail […]

Many home based business people are considering getting into real estate as a part time venture now that they hear the housing market is sinking and it seems possible to “buy low” to later “sell high”. They’re wanting to do like this guy and buy mortgages at steep discounts, sell the homes at a discount […]

Lots of people will sell you information on making money from foreclosures. This is a good article to read before you buy such information. There are alot of professionals (even traded on the stock market) as a professional market for foreclosures. That doesn’t mean there’s plenty to go around, especially now, but it does mean […]

Here’s the headline: Meltdown of real estate company hits ‘A’-list jocks
We like to wallow in our self pity by saying things would just be easier for us “if”…
…we were handsome or beautiful
…we were rich
…we had professional advice
Etc.
I don’t know if you’d describe these professional athletes as handsome, but they had money and professional advice and […]

Lots of books on real estate investing talk about checking out property on the internet and buying by “remote control”.
So if you’re doing that without actually seeing the property “live”, you could get yourself in a big mess, despite the cheap price. Years of “easy mortgage money” prompted lots of fraud.
Here’s how some of those […]

Bankers in suits are too polite to come break your kneecaps when you get behind on your mortgage payments. So when there’s a mortgage crisis, they outsource the task to those who are more willing.
Actually this type of investing could help both the bank and the homeowner but this “investor” has certainly painted himself […]

If you’ve ever been through Detroit or Cleveland, you’ve seen some of the most devastated urban decay in the United States. The parts that don’t look like war zones aren’t exactly prosperous. Big union towns once, they’re seeing hard times. Been there? You’ve seen some of the worst of urban America. But where some see […]

A California real estate investor is going to lose his home plus 9 investment properties to foreclosure according to this report at Reuters
Shawn Forgaard, a 37-year-old software company project manager, bought one home for his family to live in and nine more as investments. He stands to lose all the investment houses in the mortgage […]

According to Bloomberg, there’s 650,000 homes in foreclosure in the United States out of 18 million.
One real estate investor quoted in the article had this to say:
“This country needs a cleansing,” billionaire real estate investor Sam Zell, chairman of Equity Group Investments LLC, said yesterday at the Milken Institute Global Conference in Los Angeles. “We […]

Here’s some information from Apartment Tool Kits if you’re in the Real Estate or mortgage brokering business.

Top 7 Characteristics of First Time Home Buyers
Survey According to Latest 2007 NAR Survey

Purchase almost 40 percent of all residential real estate.
They have been the leading edge of home sales since 1995.
51% married; 25% are single females; 11% are […]