Archive for February, 2009
Hard Money Real Estate Investor Bilked Investors Out of 20 Million Dollars
The real estate scams over the past few years are now being outed with the weak market. A 20 million dollar hard money real estate investment scam was broken up after investors went to the police. Thomas John Hastert used his reputation reportedly to bilk investors.
The saddest part of the story is that Hastert was [...]
Even Cavemen Are Facing Foreclosure In This Market
While the homeowner isn’t Fred Flintstone, Curt Sleeper is a modern day caveman. He and his family live in a cave that has been turned into a home, a rather luxurious 17,000 square foot home.
But with the tight credit market he is unable to refinance his balloon loan and is in a desperate place.
That’s [...]
26Feb2009 | Tom Royce | 4 comments | Continued
FIGHT FORECLOSURE – Produce the Note
Are you about to be foreclosed upon?
One of the tactics that you can use to fight your foreclosure is to force the lender to produce the note. What this means is that in the foreclosure proceedings, the lender or their representative has to procure the often hard to find document.
Since the lenders have [...]
Case Shiller December 2008 Report Shows Consistent Declines
The credit crunch continues to hammer the housing market and with the recession in full swing the housing market is taking a beating nationwide.
The Case Shiller 20 City Housing Report for December, 2008 shows tough numbers with the best city, Boston down 1.3 percent and the worst, Phoenix down 5.1 percent for the month of [...]
How the Rent vs Buy Analysis Is Bringing Families Back in Real Estate Market
When housing prices were going through the roof, purchasing a home became something that honest middle class and lower middle class families could not afford. Unless you were willing to fudge the truth, a couple that were teachers were priced out of the market in some sections of the country.
This reminds me of the 150 to [...]
Commercial Real Estate Down 15% in 2008, Returns To 2005 levels
When the residential real estate market hit the doldrums, commercial real estate was there to take up the slack. However, all of the building that occurred in 2007 and 2008 did not have the desired effect. The market peaked in late 2007 and dropped 15% in 2008 bring values back to 2005 levels.
Add to [...]
Federal Reserves Not Optimistic on Residential Recovery in 2009
While we all are watching the Obama housing recovery act be debated, the Federal Reserve met (ed. that reminds me of Nero fiddling while Rome burned) and were less than optimistic on the state of the residential housing market.
The general feeling is that real estate is not even in range of a bottom. With [...]
The Chicago Tea Party
Watch, cry, and cheer. This guy gets it…
The line that got me was, “How about we all stop paying our mortgage, it is a moral hazard.” from one of the traders on the floor.
People are starting to get frustrated out there, and I do not blame them…
19Feb2009 | Tom Royce | 5 comments | Continued
Obama is Going To Pay For My Gas And Mortgage
Remember that lady in Florida, Peggy Joseph, who said Obama will put gas in my car and pay my mortgage. We all thought she was nuts and laughed.
Now look, with more bailouts for the automaker the American may be buying her a car, not just fill her tank. Add to that The Homeowner Affordability and Stability Plan [...]
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
