Jason Mitchell's (reoexperts) Blog

The government would have broad discretion to decide how to implement the rescue. Lawmakers wrote a number of restrictions into the pending legislation, including oversight over the operation of the program, curbs on "golden parachutes" for top executives of firms getting help, assurances that ta...

I have been a bit proponent of the FED supporting the Real Estate market. I have written blog after blog asking for help (bailout) of Fannie Mae and Freddie Mac. However, with the stock market down 1,000 points this week (mid-day Thursday) , the FED needed a life preserver and gave them the promi...

Glendale REO - 8207 W San Juan GLN 8207 W San Juan GLN, Glendale,  AZ, 85303 - $300,000 4 Bedrooms/ 2.5 Bathrooms 3184 Square Feet Glendale High School Glendale School system Gated Community Island Kitchen Huge Lot Lender Owned - REO not a short sale bank owned real estate Listing Courtesy of 1st...

There was a further sign of general economic deterioration Monday as the Commerce Department reported that consumer spending was unchanged in August -- even worse than the small 0.2 percent gain that economists had anticipated. It was the weakest showing since spending was also flat in February. ...

Republican Jeb Hensarling of Texas, a leading conservative, said the bill puts the country "on the slippery slope to socialism. If you lose your ability to fail, soon you will lose your ability to succeed." Critics on the left and right said Congress was being stampeded into hasty action on a pla...

Wachovia, like Washington Mutual Inc., which was seized by the federal government last week, was a big originator of option adjustable-rate mortgages, which offer very low introductory payments and let borrowers defer some interest payments until later years In the latest byproduct of the widenin...

The stock market is down 300 points. The stock market and the rest of Wall Street and Main Street are on pins and needles awaiting the final draft and approval of the 700 billion bailout , excuse me, resuce plan. The news comes as President Bush and congressional leaders looked to shore up suppor...

Financial markets tumbled through another difficult session Monday ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies The Dow Jones industrial average fell about 300 points, while demand for safe-haven buying in government debt remained high ahe...

These are 3 main problems why Short-Sales are getting more difficult. 1.Most solutions, such as Forbearance, Deed-in-lieu of foreclosure and short-sales require lender approval and negotiations. Many lenders are shutting down the lines of communication. 2.As Lynn Frantzen points out in “Short Sal...

today’s challenging market with less buyers and more sellers, Make your home Stand out : Stage it to sell ■enhanced marketing such as staging your home so it appears above your neighbors and your competitors (often they are one in the same) is critical. ■A home that has obvious physical flaws or ...