August 27, 2008
- Neighbors sometimes deal with aftermath of foreclosures
A human interest piece, coming from the Dayton Daily News that really expresses the way that foreclosures affect not just the home owner, but the neighborhood too.
Every day, free advertising leaflets are dropped off on the driveway of the vacant house next to Bob Johnson’s home.
And every week, he goes next door to pick up [...]
August 26, 2008
- Move to Decatur anyone?
While many parts of the nation struggle with rising unemployment and plummeting home prices, Decatur, Illinois, has outperformed national trends to create a strong housing market buoyed by a growing economy.
The labor force has grown by more than 1,500 jobs since January 2008, according to the U.S. Bureau of Labor Statistics, and that has fueled [...]
August 24, 2008
- Buffet on the economy and Mae and Mac
MSNBC has reported that Warren Buffet is predicting that the feds are going to bail out Fannie Mae and Freddie Mac. Sorry Mr. Buffet, I think I blogged about that likelihood last week. The only problem is that the government will probably not step in soon enough. FM and FM are bleeding red right now.
About [...]
August 20, 2008
- Fannie Mae acquiring TWICE as many foreclosures than they are selling
More "good" news…..
The Chicago Tribune has a great article, sharing some interesting insights into how Fannie Mae and Freddie Mac look at their foreclosed home inventory.
“As home prices decline, unsold properties are a problem for creditors like Fannie Mae because taxes, insurance and repairs drain their cash. Fannie Mae acquired twice as many homes through [...]
August 16, 2008
- Short Sales - hints for the homeowner meeting
When you have a client in pre-foreclosure, dealing with their (understandable emotions) can sometimes be cause for worry. But, if you arrive prepared, knowing how you will direct the meeting, then things can go much more smoothly.
First of all, make sure you have all of your paperwork in order. Know which documents you will present [...]
