Archive for January, 2008
Free Calendar Deal For Real Estate Bloggers Readers
I received this email from a long time reader about a calendar deal they are offering on some overstocks. Please order if you are interested.
Code: REBLOGGER100
This code is good for 100 FREE Tear-off Calendar Magnets from MagnetStreet (envelopes for mailing are also included). MagnetStreet has an overstock on calendars and still have six versions to [...]
Housing Will Not Cause A Recession
Earlier this week my Dad sent me an editorial from the Wall Street Journal. It is probably buried behind a paywall but the link is at the bottom of the page.
The most important point I got out of it was how small a part of our Gross National Product (GDP) housing is. According to [...]
Tribune Sells Original Warner Brothers Studio To Hudson Capital
It is funny that the one of the first moves that the Tribune Company has made since being acquired by Sam Zell is a commercial real estate sale. But that is what he has done by selling the property that KTLA-TV is using and was the original home of the Warner Brothers Studios.
The property [...]
Real Estate Slowdown in Spain, Half of Agents Close Shop
We are so focused on how the real estate is affecting us in the United States we forget the credit crunch is hitting the rest of the world too. Raising the Roof, the excellent real estate blog of the International Herald Tribune, has this interesting post on real estate agents in Spain. It seems that [...]
31Jan2008 | Tom Royce | 5 comments | Continued
FBI Investigating 14 Subprime Companies? Smokescreen or Crackdown?
The FBI is investigating 14 unnamed companies who have been involved in the subprime lending industry. They are searching for fraudulent behavior in the packaging and selling of loans and the subsequent bundling for investment purposes.
We all know that there was a great deal of fraud that was in the system at the end [...]
Top 10 States With Lowest Foreclosure Rate In 2007
With the media focusing on the high rate of foreclosures in the country the people of these state must be wondering what every one is talking about. With rates of less than 1 hundreth of a percent, South Dakota and Vermont must be confused.
Meanwhile 10 states have a foreclosure rate of 1 home in ever [...]
Countrywide Loses $422 Million – Bank Of America Buyers Remorse?
When Countrywide CEO Angelo Mozilo announced yesterday he was not taking the severance package in the Bank of America takeover you had to wonder what was on his conscience.
Now we know. After telling the world that Countrywide would be profitable in the 4th quarter they announced a 422 million dollar loss. I would love [...]
Top 10 States With Highest Foreclosure Rate In 2007
One of 2007’s top stories was the huge increase in foreclosures across the United States. The final numbers have been released by RealtyTrac and they are tough but expected. The worst states hit were markets where speculators walked away from properties or the effects of a miserable Midwestern economy.
Nevada led the way with one out every 33 [...]
Countrywide CEO Mozilo Gives Up 40 Million Dollar Severance Package
Do you think that Angelo Mozilo giving up his 40 million dollar severance package is from the goodness of his heart or to mollify his guilt? Let’s face it, Countrywide placed a number of big bets on the mortgage industry to maintain it’s growth and most now have turned up poorly.
So the Countrywide merger with takeover by [...]
Real Estate Issue #1 In Florida Primary
Florida real estate has had an interesting go of it the past few years. First hurricanes came racing through and the insurance companies increased their rates dramatically. All this time the housing boom was occurring increasing the property taxes to record highs. Now that the housing industry has slowed down, people are fearful of being [...]
28Jan2008 | Tom Royce | 1 comment | Continued
I want to know how many of you voted for "Good Ole Change"??? HAHA! How's that change working out for ...
Nina, although you seem like the ultimate heartless bitch I still sincerely pray that you are never in poor Mr. ...
This is a sign that the crisis is passing. Residential and office should be released soon. 
It sounds like it really depends on consumer confidence then. I feel like if people do start spending their money ...
THIS IS COMPLETELY UNFAIR! My accountant told me this today! So we took a risk in 2008 to buy our ...
This was sent to my husband when he responded to an ad.
Hello,
It is a great pleasure that to ...
The "real estate rebound" is on the horizon. The April 30th incentive deadline is something is only going to ...
Living in Missouri for such a long time, I am shocked that no Missouri cities have made the list... Apparently ...
omg where is maine? Like a lot of cities in Maine are pretty safe. Cept portland lewiston or agusta yaknow 
The real estate fee of 6% is the most deceptive pricing method in the world. Only 30% of homeowners have ...
