February 2010 U.S. Foreclosure Heat Map

…(read more)

Source: February 2010 U.S. Foreclosure Heat Map

Contract Contingencies and 4 Rules for Using Them

In today’s blog post, I want to talk a about Real Estate Contract Contingencies — what they are, how they’re used, and some rules for using them in your contracts.
For those who aren’t familiar, a contingency is a statement (a “stipulation” it’s sometimes called) that is added to your contract that will allow you the [...]

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Contract Contingencies and 4 Rules for Using Them

Source: Contract Contingencies and 4 Rules for Using Them

New Obama Mortgage Plan: A Backdoor Bank Bailout

New Obama Mortgage Plan: A Backdoor Bank Bailout March 30, 2010, Wall Street Journal Today President Obama announced an expansion and modification of his Home Affordable Modification Program (HAMP). While one can debate the merits of incentives to keep…(read more)

Source: New Obama Mortgage Plan: A Backdoor Bank Bailout

The U.S. Real Estate Market Can Learn From Canada

Could we learn from the Canadians?
When it comes to fixing our ailing real estate/housing market, the answer might be yes.
The Vancouver Sun reports that “mortgage insurance has revolutionized the Canadian housing market.”
The policies, which protect lenders in the event of default, were introduced to the Canadian market more than three decades ago.
One senior broker is [...]

This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.

The U.S. Real Estate Market Can Learn From Canada

Source: The U.S. Real Estate Market Can Learn From Canada

Using the “Old” Media to Market Your Listings

What is the best kind of advertising?
The kind that is not advertising at all, but editorial coverage.
The reason for this is simple. We’ve all been bombarded by ads since we were little children. You can’t avoid them. Even movies and DVDs start with a half dozen ads for [...]

This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.

Using the “Old” Media to Market Your Listings

Source: Using the “Old” Media to Market Your Listings

A Real Estate Investor Without An Exit Plan Is Like a Baseball Team With No Closer

Ya don’t need to understand much about baseball to know that if you can’t protect a lead in the 9th inning, you’re not gonna win as much as you’d like. The Padres team of recent vintage, especially the ‘98 team, understood this principle well. They not only had a great (Hall of Fame?) closer in [...]

This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.

A Real Estate Investor Without An Exit Plan Is Like a Baseball Team With No Closer

Source: A Real Estate Investor Without An Exit Plan Is Like a Baseball Team With No Closer

Home Prices Post Smallest Annual Decline in 3 yrs

Home Prices Post Smallest Annual Decline in 3 yrs March 30, 2010, The Associated Press Home prices showed the smallest annual decline in almost three years in January, indicating there are surprising areas of strength in the housing market. The Standard…(read more)

Source: Home Prices Post Smallest Annual Decline in 3 yrs

HEFI (Home Equity Fractional Interest): A Solution To The Housing Crisis?

The HEFI program is a newly launched program that is designed to solve the negative equity problem as well as act as a replacement for HELOC or 2nd mortgages.

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HEFI (Home Equity Fractional Interest): A Solution To The Housing Crisis?

Source: HEFI (Home Equity Fractional Interest): A Solution To The Housing Crisis?

A Lawyer Rejoins a Cause That First Gripped Her 70 Years Ago

Shirley Adelson Siegel, 91, a woman of many firsts, is now doing pro bono work for people facing foreclosure.

Source: A Lawyer Rejoins a Cause That First Gripped Her 70 Years Ago

Standard & Poor’s Economist: Housing Stabilized But Prices to Drop 5-6%

Thursday, I attended Standard & Poor’s Market View of Credit Risk summit here in New York.   David Wyss, the Chief Economist of Standard & Poor’s was the keynote speaker giving an economic outlook for the remainder of the year and beyond.  Despite him commenting on the overall economy, he spent much of the presentation focused [...]

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Standard & Poor’s Economist: Housing Stabilized But Prices to Drop 5-6%

Source: Standard & Poor’s Economist: Housing Stabilized But Prices to Drop 5-6%