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The Loan Modification Debacle
Posted on Jul 08th, 2009
Like all loan modification attempts, it seems like the banks just don't know how to get out of their own way as honest homeowners attempt to keep their homes. The problem here is a simple one. First, banks are awash in procedural folly, a check and balance system that is way over cautious, and doomed to self regulate to a degree that they’ve begun to operate more like inefficient governmental agencies than private sector corporations. Second, your bank doesn't want to modify your loan.
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Real Estate Outlook: Gains Versus Gloom
Posted on Jul 07th, 2009
When even the Case-Shiller index, which ranks as the gloomiest of all the measures of house price movements, starts reporting gains then you know something is stirring out there in real estate.
In its latest monthly survey, Standard & Poor's Case-Shiller index found prices up in a number of key markets: Dallas prices gained 1.7 percent, Denver 1.5 percent and other cities -- Washington DC, Seattle, San Francisco, Atlanta, Boston and Cleveland -- registered smaller increases.
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Area Spotlight - MLS Area 60 – Four Hills Village
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Eloise A. Gift wrote:Looking at the overall quaterly statistics for 2001…
in entry 'Quarterly Homes Sales for 2001-2008'.
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Thank you to both Michaels for posting this information.…
in entry 'Home Valuation Code of Conduct…'.