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I KNOW BANKS CALL THE SHOTS BUT…
By Paula Swayne on Feb 27, 2010 in Banking and Finance, Everything About Foreclosures, Fresh Perspectives
One persons experience with a foreclosure.
Category: Everything About Foreclosures
COME OUT, COME OUT, SHADOW INVENTORY!
There are varying views on the existence of shadow inventory. This is a summary of many of those views.
Another Expert: The Foreclosure Wave is Coming
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CNBC’s David Faber talks with Housing Economist Thomas Lawyer about foreclosures and shadow inventory.
On forelcosure activity picking up:
It is virtual certainty…but the backlog of loans in foreclosure are rising, and foreclosure sales will 100% pickup, we just don’t know when.
On the first-time home buyer tax credits (that NAR is lobbying for increasing and extending):
…if you [...]
Time Bomb Loans Used Heavily In Bay Area
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Carolyn Said writes for The San Francisco Chronicle $30 billion home loan time bomb set for 2010
Next year, many option ARM payments will begin to readjust, slamming borrowers with dramatically higher monthly mortgage bills. Analysts say that could unleash the next big wave of foreclosures – and home-loan data show that the risky loans were [...]
