Real Estate

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Finally Some Relief for Struggling Home Owners

Finally, it’s the victim’s turn. The New York Times reports that the senate is about to pass a bill assisting suffering homeowners, and it’s a good one.
You’ll be able to cancel your subprime mortgage and replace it with a new fixed rate mortgage at 90% of your home’s current value.
There are other benefits for […]

25Jul2008 | User ImageLisa | 2 comments | Continued
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Real Estate - Selling Your Home in a Buyer’s Market

Find a good real estate broker.
If you stop reading here, take that with you.
When I was selling a home a few years ago, the market was just at the beginning of it’s downturn. I was lucky enough to have an astute broker friend that was available to assist me. “Joe” was extremely diligent, […]

5Jun2008 | User ImageLisa | 6 comments | Continued
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Revisiting the Buy vs Rent Question

Whenever there’s an incremental fluctuation in home prices, it can pay off financially to revisit the “buy vs rent “question.
In the last 10 years, with the housing bubble at its peak, renting was a viable, and often by far the best, financial choice.
But, depending upon where you live, the tide may have turned. As […]

30May2008 | User ImageLisa | 3 comments | Continued
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Foreclosure Frenzy

The enormity of the subprime debacle continues to unfold.
RealtyTrac - the pulse of foreclosure info - reports that in April, 243,000, or 1 of every 519 households across the country, were sent foreclosure notices. That’s 67% higher than April 2007, and a 4% increase over last month.
“It’s the highest monthly total we’ve seen since we […]

22May2008 | User ImageLisa | 7 comments | Continued
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When People Go Bad: A History of the Subprime Mess

I’ll sum it all up in four words - deregulation, unscrupulous, predatory, greed.
There you have it. And now, here we are, in up to our necks, even atheists helplessly praying, watching as our 401ks shrink from ripe plump grapes into shriveling raisins, hoping we still have our homes and some retirement money left when the […]

14Apr2008 | User ImageLisa | 12 comments | Continued