California’s Latest Misguided Attempt to Solve the Housing Crisis – Reason.com
This is a troubling abuse of government power to advance the interests of private parties. Likewise, the only beneficiaries from the Homeowners Bill of Rights will be private attorneys who gain a new target. These laws aren’t about fixing the mortgage crisis. They are about special interests using government to help them get their piece […]
Bank of America acquisition of Countrywide adds up to $40 billion in losses, says Wall Street Journal – Charlotte Business Journal
In a report published online Friday, the Journal quotes local banking expert Tony Plath, a finance professor at UNC Charlotte. “It is the worst deal in the history of American finance,” he said. “Hands down.” The article adds up the numerous losses and legal settlements and cites anonymous sources to come up with its $40 […]
Second Homes Treated Differently
While a principal residence and a second home have some similar benefits, they have some major differences. A principal residence is the primary home where you live and a second home is used for personal enjoyment while limiting possible rental activity to a maximum of 14 days per year. via Second Homes Treated Differently.
Mortgages — Increased Interest in Expanded HARP – NYTimes.com
If your house is “underwater” and you want to refinance to take advantage of lower rates and have credit issues then check out the government’s HARP program. A streamlined (relatively speaking) refinance process. Typically you keep the same lender – just refinancing the rate and term only. I had a client in my office just […]
U.S. Regulators Set Foreclosure Compensation – WSJ.com
Banks could be forced to pay as much as $125,000 per customer to compensate borrowers who were subject to foreclosure-processing errors. More than a year after finding widespread abuses in the industry, banking regulators unveiled a plan Thursday to compensate borrowers for a wide variety of errors, including starting foreclosure for a borrower who wasn’t […]
Spokane Journal of Business – The Business Newspaper For The Inland Northwest – Due diligence is key to successful real estate investing
One important skill to develop as a real estate investor is the process of due diligence. Due diligence is the in-depth research you will do on a property you’ve contracted to buy. Your purchase-and-sale agreement should provide for a period of time to study the property to determine if it makes sense to move forward to closing. […]
Spokane Journal of Business – The Business Newspaper For The Inland Northwest – Kendall Yards inks Spa Paradiso, Inlander, others
It’s about time….Spokane’s Kendall Yards just leased new commercial space to Spa Paradiso and The Inlander….first real commercial tenants in the development. Spokane Journal of Business – The Business Newspaper For The Inland Northwest – Kendall Yards inks Spa Paradiso, Inlander, others.
Multifamily property values rise 25%: Freddie Mac | HousingWire
Multifamily property values rise 25%: Freddie Mac | HousingWire.
Homeownership Means Little to Economic Growth – Jobs & Economy – The Atlantic Cities
Homeownership Means Little to Economic Growth – Jobs & Economy – The Atlantic Cities.
Spokane home-affordability index reaches new record high
Spokane Journal of Business – The Business Newspaper For The Inland Northwest – Home-affordability index reaches new record high.