by Jon Prior 11:00 PM July 14, 2010 Foreclosure filings dropped 5% over the first half of 2010 as lenders continue to delay proceedings to focus on short sale and loan modification...
by JON PRIOR The “shadow inventory” of bank-repossessed properties, as well as distressed mortgages facing foreclosure, will take nearly three years to clear at the current sales rate, according to a...
Real Estate investing is like fashion. Over the years I have heard so many buzz words and phrases. I tried to dig down memory lane and pull them out. (This post is...
Based on 71,474 Interstate and Cross-Border Household Goods Moves from January 1, 2009 through December 31, 2009. (Click on individual state/province for 10-year historical data.) View PDF Version (1.8 MB) Where is America moving? As it does...
By MARK WHITEHOUSE The recession has had a profound effect on migration patterns in the U.S., reversing the flow of people to former housing-boom states such as Florida and Nevada, the latest...
By Nick Timiraos At what point do borrowers who owe more than their homes are worth decide to stop paying the mortgage? A new study from economists at the Federal Reserve Board aims...
By Nick Timiraos Fannie Mae said on Wednesday that it would “lockout” borrowers from getting a new loan for seven years if they “strategically default” on a property. The move is...
Jessica Holzer reports from Washington: Most people write a check to a lender or mortgage servicer when they want to pay their mortgage. A tiny minority of borrowers, however, make their...
by JOHN FEDRO on MAY 28, 2010 In a previous article we discussed some of the risks and rewards of real estate investing. While writing that article I very quickly discovered that there is...
Let the numbers do the talking Assumption San Jose Orlando Price $450,000 $75,000 Down-payment 20% $90,000 $15,000 Mortgage $360,000 $60,000 Rent $1,750 $1,000 Expenses P&I 5.5% $1,700 $320 Taxes $330 $125 Insurance $150 $60 Property Mang. 8.0% $0 $80 Other $0 $83 Total $2,180 $668 Cash Flow Monthly -$430 $332 Annual -$5,160 $3,980 After 10 years 200% $900,000 $150,000 -$61,920 $47,760 $838,080 $197,760 Properties are available in Orlando, Phoenix, Atlanta, Denver and Oklahoma city. ...