Tag Archives: Financing

CNN Articles about Real Estate

CNN Money has two galleries about real estate. This one lists 10 foreclosure hot spots.  Surprisingly, west coast cities and Nevada were not on their list. Next, they list 12 cities with their recommendations if it a better place to … Continue reading

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Banks Sold Investors Worthless Paper

This video is almost scary.  The foreclosure crisis is far from over. The standard argument is that it’s different here in Nevada.

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Home Prices Fall: More Drops Expected

Home prices in the U.S. fell 5.1 percent in November compared to a year earlier and are expected to go lower as the housing market struggles to seek its bottom.44 states showed declines compared to June with 18 states declining.  … Continue reading

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Case-Shiller: Home Prices Falling Faster in Large Cities

A new Case-Schiller report says that home prices will be falling faster in the larger cities and we will see more foreclosures.

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Did B of A Turn Tables in Loan Mods?

After entering the HAMP program with Bank of America a NY woman is facing foreclosure.  She has filed suit in Brooklyn claiming that the did not honor its agreement. But in a class-action suit recently filed in Brooklyn federal court, … Continue reading

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Is Bank of America’s Survival Really at Stake?

If you have been following the mortgage and foreclosure fiasco you are probably aware of the huge problem we are facing.To recap: The banks loaned money to people that had no hope of paying it back. Over and above the … Continue reading

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FHA Sets Limit on Buyer Eligibility

Borrowers with credit scores less than 500 are not eligible for FHA insured mortgage financing, according to the new credit score and loan-to-value (LTV) requirements recently released by the U.S. Department of Housing and Urban Development. http://www.housingwire.com/2010/09/03/fha-puts-floor-on-borrower-credit-eligibility The Reno Real … Continue reading

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