Archive for June, 2008
Home Ownership Drops, Rentals Become Hard To Find
The New York Times has a snarky article on homeownership and the inability of the country to maintain the levels of 2005. George Bush tried to raise the level of homeownership and lenders extended money to many who were not positioned to pay these loans.
We have seen what happened.
The ugly truth is that there is [...]
Down For Two Hours – Server Got Tired From MSN Link
Had a nice run today with being linked to by the front page of MSN. For 4 hours they linked to one of my stories on the front page in a real estate box.
Of course there is a down side to the story, the hosting company, HostGator, took me down because I was slowing [...]
Bear Stearns Losses Lead To Arrest of 2 Executives
The arrests of 2 Bear Stearns executives, Ralph Cioffi and Matthew Tannin, showed the level of exposure that the large finance companies have to the mortgage crisis. When Bear Stearns finally admitted to the problems in their mortgage funds the company imploded.
These titans of Wall Street made some amazingly bad bets. The shareholders of [...]
Operation Malicious Mortgage Results in 400 Charged
Operation Malicious Mortgage wrapped up yesterday with 400 charged and 60 people arrested nationwide. The operation by the FBI is a strike against mortgage fraud across the country.
Now the FBI should be applauded for doing something as mortgage fraud is one of the leading white collar crimes being committed across the country. But, and [...]
Concern Voiced Over Congressional Mortgage Bailout
The mortgage companies took reason and through it out the window. They told anyone who would listen that they would finance any borrower for any property without much friction. Bring us the deals was the cry from on high.
Now with the subprime loans bombing and Atl-A’s not far behind they are looking out for a [...]
Selling To Gen Y Takes New Skills For Realtors
If you are reading this odds are you know that there are new tools to communicate with potential clients coming out on the internet daily. And if you are planning on marketing to Generation Y buyers and sellers, you will need to start using these tools.
The 20 somethings are just entering the real estate [...]
Trulia Pro – The Low Cost Highly Targeted Marketing Tool For Real Estate Agents
If you are a real estate agent and want to sell homes, Trulia Pro is a tool that you should give a long hard look at.
Trulia has been the fastest growing real estate website because they understand how to drive traffic to their site via the search engines. Go ahead and search for a home in [...]
Hong Kong Apartment Sale Most Expensive In Asia
A Hong Kong apartment sold recently for 28.8 million US dollar, or 225 Hong Kong dollars. The 5,500 square foot penthouse suite on the 80th floor of The Arch overlooks Hong Kong’s Kowloon region.
You have to admit, it must be a great apartment. The building is one of the more interesting pieces of architecture in the world and having [...]
In Commercial Market Recourse Loans Making A Comeback
The recourse loan is making a comeback in the tighter credit market.
During the past decade of easy money for commercial construction loans, few large developers had to put their own assets at risk. The buildings they put up were more than enough to satisfy the banks and the bond companies that financed the deals. [...]
M.W. Johnson Construction Files For Chapter 11 Bankruptcy
M.W. Johnson which has been building in Minnesota and Wisconsin and their affiliate M.W. Johnson Construction of Florida have both filed for Chapter 11 bankruptcy yesterday. The building company has been trying to hold on in this tough market.
The company has over a thousand of lots and unsold lots across Minnesota, Wisconsin, and Florida creating the [...]
Although I agree on most points, I would like to point out that most of the banks that are being ...
The question is when are they going to release them on the market. Las Vegas leads the nation in ...
I keep seeing mentions of Florida's market getting better in multiple blogs. I'm increasingly under the assumption that at least ...
I would like to know more about it. I need to know how you file for it. Please let me ...
Great blog, keep the great content coming! 
If you want to succeed, do not say "we can prevent this in the future." Live in reality. ...
The price of the property depends on its quality and the deal between the management. Good and wise choices are ...
I don't have experience at actualy working in tha automotive bussinnes, but have experience working in a warehouse invironment. ...
