Tag: real estate

Blog posts

As the space race slows, the race to break up America’s biggest banks gains speed

May 17, 2013 18:15 EDT Canadian astronaut Chris Hadfield's rendition of David Bowie's Ground Control to Major Tom from the International Space Station has gained the space program a whole new group of fans. What does his adventurous spirit have to do with the financial sector? Read on.

"Banks force-placed insurance practices under microscope"

Mar 31, 2013 09:45 EDT More "too big to fail, too big to jail" with force placed insurance. It is a bank insurance product that essentially force homeowners to purchase if they either allow their own policy to lapse – often the result of financial difficulties – or if the lender determines the what the homeowner has is insufficient. Last week, Assurant Inc. received $14 million slap on the wrist....

Florida Foreclosure legislation invites bank fraud

Mar 25, 2013 05:50 EDT Florida proposed legislation - HB 87 and SB 1666 - which backers claim will clear the backlog of foreclosure cases in Florida instead invites bank fraud and creates more problems by putting speed ahead of justice.

Is The Housing Market Actually Rebounding? The Shadow (Inventory) Knows!

Aug 27, 2012 11:14 EDT Is the shadow inventory truly something to fear? Real estate attorney Roy Oppenheim says banks are in no rush to eliminate it, but things are improving.

The American Dream — Alive and Well

Jun 07, 2012 18:45 EDT We can restore the American dream and fix the US housing crisis, believe it or not, by looking outside our borders.

Era Of The Short Sale Has Arrived. Hallelujah!

Apr 17, 2012 18:15 EDT Short sales have are no longer a pie-in-the-sky dream for distressed underwater borrowers, and numbers from Lender Processing Services prove it.

Saturday Round-Up; Mortgage Debt Relief Extended?; NY Foreclosure Dismissed; Foreclosure Crisis in A Quilt

Mar 31, 2012 13:15 EDT The Mortgage Relief Debt Act could be extended, and the foreclosure crisis told through a quilt in this week's roundup.

From Project X to Project Rent: Bank Of America To Test Lease Program

Mar 23, 2012 17:59 EDT I think we have Project X to thank for a new program Bank of America is now testing to keep borrowers in their homes by turning them into renters.

Friday Round-Up — Bank Of America Makes Deal; Return of Rocket Docket?; Foreclosed Military To Receive Pay Day

Mar 09, 2012 16:40 EST Bank of America borrowers and active military could see windfalls because of the mortgage settlement, while we could be seeing the return of Florida's rocket docket.

Want To Buy a Home On Short Sale? What You Need to Know

Mar 08, 2012 16:17 EST Short sales are great for sellers, but what if you're buying a home. If you're going to purchase a home on short sale, there are things you need to know.