The U.S. government has started selling off its stock of homes in foreclosure, as first reported in our article, Sell Government-owned Foreclosures, as Rentals, back on January 9, 2012.
The Federal Housing Finance Agency (FHFA) said Monday that a group of investors purchased the first of 2,500 homes being sold as part of a foreclosure-to-rental program.
The government […]

Highlighting the NATIONAL ASSOCIATION OF REALTORS predictions are: The National Association of Realtors‘ quarterly forecast shows all commercial sectors are experiencing improved fundamentals, with the multifamily market commanding the largest rent hikes. 
Likewise, a notable gain has been recorded by the Society of Industrial and Office Realtors (SIOR). The SIOR Index, measuring the impact of 10 variables, spiked […]

Ever squeezed a balloon. You know what happens. Yep, every action, has a reaction.
Just as painful as physics was for some of us, the $26 Billion Dollar settlement with banks over foreclosure abuses – as reported in this Blog yesterday – may  will result in a wave of pain by way of massive home seizures. Just days […]

SO, HOW MUCH DOES IT COST TO TERMINALLY ABBROGATE THE CONTRACTUAL RIGHTS OF HOME BUYERS IN AMERICA?
Drum Roll ……. This just in from the NYT and other sources: After months of painstaking talks, government authorities and five of the nation’s biggest banks have agreed to a $26 billion settlement: Ally Financial Inc., Bank of America Corp.,Citigroup Inc., J.P. Morgan […]

In a just released newsletter article by Miles & Stockbridge P.C.,  noted real estate attorney Lawrence F. Haislip, Esq. sheds a bright-light on an attempt by the Maryland Senate  to either eliminate, or significantly curtail the Indemnity Mortgage and Deed of Trust (IDOT).
As most readers of this Blog already know, this topic has been discussed […]

DEAD ON ARRIVAL: Courtesy of the WSJ, which summarizes the prevailing views on this topic:
Edward Mills, analyst, FBR Capital Markets: “We believe that this program would be dead on arrival in Congress, as congressional Republicans are opposed to additional intervention in the mortgage market and are philosophically opposed to a bank tax. This should be confirmation that […]