The shadow market is coming out of the shadows, and the numbers are staggering. According to a report released yesterday by LPS (Lender Processing Services), “foreclosure inventory levels [stand] at 30 times monthly foreclosure sales volume.” As a result of this massive backlog, real estate anal
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03/29/2011
Several AGs do not believe that mandatory principal cuts are the way to go while many attorney generals involved in the negotiations around the “bank settlement” that lenders, politicians and homeowners alike hope will resolve much of the fallout from last fall’s robo-signer debacle think that f
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03/27/2011
Commercial real estate investors are particularly optimistic about their market sector thanks to a decrease in jobless claims and rising business and consumer confidence, according to the Price Waterhouse Cooper. Their system for analyzing historical and forecast commercial real estate data make
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03/24/2011
There have been widely publicized reports of variuos lawsuits against lenders and most have valid, legitimate claims. There was Robo signer, MERS, and numerous actions in state in federal courts. The statistics are alarming and I believe that this is only the beginning. During the fourth quarter
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03/24/2011
In the past few years, the federal government has used tax incentives to try to spur growth in the residential housing market. Now, commercial investors want their turn. The Community Recovery and Enhancement Act (HR 1147), a bill being pushed by lobbyists for the International Council of Shoppi
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03/20/2011
Most real estate sellers, buyers and investors understand what a "short sale" in real estate means. It is not a new concept and simply means that there are not enough proceeds from an anticipated sale to payoff the existing liens and encumbrances. However, many people do not realize that the met
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03/20/2011
Practical Considerations in Distressed Real Estate Many home owners have real estate that is worth less than they owe on the property. They wonder what are there options and they have heard confusing terms. People advise them to seek a "Deed in Lieu" (DIL) or a short sale, loan modification or w
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03/20/2011
I have been trying to cancel my Rainmaker status for weeks. Despite this, and despite changing the credit card information on the profile, they have charged my card. The customer service is pathetic..when you click on "cancel" it directs you to call. Of course when you call, you do not get a hum
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03/19/2011
According to Jan Hatzius, chief economist of the Goldman Sachs Group in New York, the U.S. housing market could, finally, be approaching the bottom. And that’s good news: “Over the next few years,” says Hatzius, “the housing sector is going to improve” although there is still “a lot of excess su
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03/18/2011
While nearly every state in the country has experienced some degree of foreclosure slowdown, Colorado’s year-over-year foreclosure rates are nothing to sneeze at. The volume of foreclosures filed in February of 2011 is a full 34.7 percent lower than that of a year ago, with a tally of 1,986 vers
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03/17/2011