Is this our future? Since Roman times the idea of buying votes with bread and circuses has been a staple of politicians. Vote for me, and I’ll make sure that you will receive farm subsidies and price supports. Vote for me, and I’ll make sure you’ll have free healthcare; I’ll pay off your student loans. [...]
Frustrated home buyers are getting more frustrated with the rising prices and lack of options in the housing market. That’s according to Fannie Mae’s latest Home Purchase Sentiment Index reveals that just 35% of people believe now is a good time to buy a home, down from 47% just a month ago. Moreover, the percentage of people [...]
Research shows that so-called “zombie foreclosures” are emerging in much bigger numbers again as distressed homeowners abandon their properties in the belief that somebody soon will repossess them. Remember Jingle Mail? When someone who has a mortgage decides they can’t or won’t pay it and are willing to give up their home, they mail the keys to [...]
So far, we are experiencing an uneven economic recovery with a hidden impact of lost jobs and lower-income for some homeowners. There is a complicated web of rules and regulations to help renters and homeowners stay in their homes. The programs set up to prevent people from losing their homes won’t end any time soon. [...]
According to Realtor Magazine, “The Federal Reserve voted to keep its benchmark interest rate near zero and historic lows as the economy continues to recover from the COVID-19 pandemic.” The Fed vows to keep the benchmark rate low and further indicates that they won’t likely raise interest rates until 2023—at the earliest. But that doesn’t necessarily [...]
According to Wolf Richter for WOLF STREET, “Everything is on ice. But when forbearance ends, forced sellers or lenders will put millions of these homes on the market. Since last spring, a historic delinquency problem has been fermenting largely on ice and on hold by forbearance programs. “The Federal Housing Administration (FHA), which insures nearly 8 million high-risk [...]
We are kicking the can down the road–again. Millions of homeowners with federally guaranteed mortgages have the option to extend their forbearance an additional six months, and the new federal foreclosure moratorium deadline has been pushed back to June 30, 2021. According to a statement released by the White House, there are now 70% of existing [...]
The most recent mortgage delinquency information came in November 2020. Delinquencies fell to their lowest level since the start of the coronavirus pandemic, back in March 2020, though the number is still far higher than the rate a year earlier. According to the latest reading by CoreLogic, just under 6% of all U.S. mortgages — [...]
I threw my arms in the air as I figuratively crossed the finish line this week. I paid $37,500 for a nonperforming note in September. The house is in Ohio. It went to foreclosure auction yesterday and sold to a 3rd party for $68,000! An 81% return. You want to be as excited as I [...]
Most new real estate investors start with a traditional method like rehabbing or buying and holding single-family rentals. They buy the property and manage the asset by fixing it up to sell or renting it to a tenant. Depending on how you manage the assets, these investing methods can be great ways to generate income, [...]
