Here’s Another Part of the Foreclosure Problem

Earlier this week I was showing an REO listing to one of my clients; we had missed out on a similar listing in the same neighborhood the day before and this property had interest to him. It was the same size, had some upgrades the previous home did not but it was also in need [...]

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When Bank Execs Lose Their Minds

I found this story quite interesting as I surf, dive and stand up paddle in this neighborhood on an almost weekly basis. I know the house, noticed earlier this summer that the residents I usually see in it (for years) were no longer in it (everything was gone, including all the furniture on the decks). [...]

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Will Taxpayers Have to Bail Out FHA?

The Federal Housing Administration stepped up to guarantee low-down-payment mortgages for riskier buyers after the mortgage market crashed. Now with many of them in default, the FHA’s losses have mounted, and it’s possible that its reserves will fall below the 2 percent level required by law. If that happens, taxpayers may have to bail out [...]

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