Steve Albin's (tnhome) Blog

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Real Estate Agent - / Signature Homes
You won't believe the sweetheart deal that the Indymac boys were given by the FDIC.
Census Bureau Q4, 2009: 130.6 Million Housing Units in the US; 18.9 Million Now Vacant The U.S. Census Bureau reported this week that 18.9 million out of the nations 130.6 million homes are now vacant.  The Obama Administration was quick to claim victory claiming that this new data represents cle...
Clark Howard highlighted this story on his website. Matthew Shinnick went to Bank of America to verify the validity of a check he received for someone who bought two bikes from him through CraigsList. The bank said that the account the check was drawn upon was valid, so Matthew cashed the check. ...
The bank is essentially saying "we lost our records" More Info:
Charlie and Maria Cardoso pleaded with Bank of America to not foreclose on their home in Florida, but the bank said there was nothing that could be done.  So, the bank foreclosed on the property, forced out the tenants, stripped the house, and changed the locks. There was just one small, little, ...
Well, happy anniversary Mr. President. Not only did you just get one vote closer to losing your Senate majority, butZillow also estimates that your current home, the WhiteHouse, has lost a whopping $15.6 million in value since you took office a year ago today.  At the time, when the nation was fi...
This hip community offers a green gathering place for its inhabitants and neighbors.  So why containers? According to the MSN Real Estate article "Shipping containers provide home in a box," using recycled shipping containers is not only green, but also affordable, with the 40-foot-long, 8-foot-w...
H.R. 2454, the "Cap & Trade"this bill prevents you from selling your home without the permission of the EPA administrator. * To get this permission, you will have to have the energy efficiency of your home measured. * Then the government will tell you what your new energy efficiency requirement i...
70 percent of modifications result in an increase in the principal amount owed," according to the report by the State Foreclosure Prevention Working Group, a collection of 12 state attorneys general and three state banking supervisors (underlined in the original). This occurs because modification...
Pay an upfront mortgage insurance premium of 2.25 percent of the total loan amount, up from the current level of 1.75 percent. A borrower taking out a $200,000 mortgage would pay a $4,500 fee, for example, rather than the current fee of $3,500. Borrowers will still be able to wrap these fees into...

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