Ohio reeling under foreclosures, ranking third nationwide, has started to sue realtors based in Ohio, California, Arizona and New York, for putting pressure on appraisers to inflate property values. In Ohio it is specifically illegal to do so. Under the hammer have come 7 mortgage brokers, two lenders and one appraiser. Alarm bells rang when [...]
It is hard work to make a living out of taking phone calls. According to statistics if you make 100 calls you will get 5 appointments; out of that 5 you will get 1 listing. It is a hard way to count your pennies when only after 100 calls you will get a listing. People [...]
Bankers are watching and waiting with uncertainty the snowballing effect of the sub-prime tsunami crisis.
Even though April provided a breather by a dip of 1% in foreclosure listing, it was still up by 62% compared to last year. Even then it will be far above the average of last year. Statistics pouring in show a [...]
Investigators have stumbled upon a racket known as inflated-sale-and-crash schemes in which countless have fallen victims. The buyer in collusion with shady real estate dealers buy a home at more than the current market price, receives cash at the closing of escrow and then intentionally allows the property to fall into a foreclosure. 400 such [...]
No less a person than the Attorney General of Massachusetts, Coakley, came down heavily against pretentious rescue teams that tempt house owners facing foreclosures to sign over their ownership to temporary buyers nursing a false hope that in the long run they will not lose the roof above their heads.
The recent [...]
Five bills, introduced last year, are intended to stop the landslide loss of homes in Colorado.
Governor Bill Ritter is expected to sign a package of mortgage related bills. The aim is to protect consumers from the rising tsunami of foreclosures. Brother’s Redevelopment Inc. in Denver is in charge of the state’s [...]
Mortgage defaults sweeping across the entire country for the last six months has not spared northeast Baltimore County.
There are many local realtors who differ on this point as to the severity of the problem of foreclosures in the northeast region stretching from Baltimore city lines to Harford County.
Êone, the head of major real estate [...]
It is mostly the Afro-Americans who are turned down when they apply for a house loan because of their tarnished credit history. But the feeling in them as in all others to own a hearth and home is very strong. This leads them to fall prey to sub-prime real estate dealers who let them have [...]
