February 10th, 2011 by Marco Santarelli Investors love real estate because it acts as a hedge against inflation. This occurs for several reasons: One, on an historical basis, housing prices rise just as...
by CHRISTINE RICCIARDI Monday, January 24th, 2011, 11:02 am It is cheaper to buy a two-bedroom home than rent one in 72% of major metropolitan areas around the U.S., according to the...
Bank repossessions increased 38% in the second quarter from the same period a year earlier for a record total of 269,952, according to data to be released Thursday by RealtyTrac. Short...
I'm no expert about lending, loans, credit scores and credit repairs. But, I have been around conducting business for years. The fact that you have foreclosured, been late on payments, short-sale or anything similar WILL...
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 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...
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. ...
International buyers are snatching up U.S. residential real estate, with people from Canada, Mexico, the United Kingdom and China doing the most buying. The National Association of Realtors in D.C. said...
By LUIGI ZINGALES Homeowners who walk away from their mortgages undermine our financial system. HULTON ARCHIVE/GETTY IMAGES Fortunately, debtors no longer face prison time, as they did in nineteenth-century London, but shouldn’t they...