The Housing “Recovery” Is Just Another Government Subsidy, Says Whalen

California is now aligned with Federal Tax Law

Presently, California State Law mandates that a homeowner must pay income tax on a forgiven or canceled mortgage as a result of a foreclosure or a short sale. At the persistent request of current homeowners, Gov. Arnold Schwarzenegger has been persuaded to turn his attention toward this issue.
Currently, what this law means is that a [...]

As Foreclosures Continue to Rise, The Demand for Educated Investors is Needed

LPS Applied Analytics recently performed a study of the state of foreclosures in the United States. The results of this report contained some interesting numbers:

Delinquent loans have passed 10%, with the total rate (including foreclosures) at 13.3%.
7.2 million homeowners are behind on their payments. Almost 1 million of these properties are in REO status.
The average [...]

Home Loan Modifications: Has the Bloom Gone Off the Rose?

Not so very long ago, it was about as easy to get a home loan modification as it was to get a home loan itself. Interest rates were low, and it seemed everyone had money or could afford to take out a loan with a very high principal. In the wake of the financial panic [...]

Mortgage-Principal Reductions Not An Option

The Obama Administration refused, to admit the failure of their Foreclosure-prevention Program, despite a worsening economy, and foreclosures still escalating out of control. Despite being put into place over a year ago last January, A report by the State Foreclosure Prevention Working Group states that out of 1.7 million mortgages that are behind by at [...]

Significant Policy Changes For FHA Loans

WASHINGTON- David Stevens, the Commissioner of the Federal Housing Administration (FHA for short) has just today announced some thing very important. Stevens spoke of a set of policy changes that will with no doubt strengthen and improve reserves of the FHA’s capital. Doing so, it will enable the FHA to continue to provide access for [...]

10 Overlooked Twitter Tweaks That Can Mean Big Things For Your Brand

I find Twitter to be a HUGE leverage point for young entrepreneurs to build instant credibility.  By using Twitter, I have found business partners, constantly get sent tons of free stuff (books, cd’s, food, etc.), made money, drove tons of traffic to my blog, been invited to private parties, met my idol, been on radio [...]

Why a Short Sale Is Better Than a Foreclosure.

Both a foreclosure and short sale can devastate a borrower’s credit history, but it is far better to select the lesser of these two evils. A short sale will negatively affect a credit score for a shorter period than a foreclosure and leave the borrower in a better position to buy a home again soon. [...]

How to Systematize Your Personal Branding Using Social Media

Take a look at your Twitter feed for one minute and you will notice that some of the hottest topics today are “social media” and “personal branding”. Everyone and their grandmothers are looking to promote themselves or their products through social media channels these days. The problem is the majority of these people tweet a [...]

Short Sales to be Encouraged by the Obama Administration However…

Short Sales are being encouraged by Obama Administration but there is much more to be done to effectively put the same into action. Short sales are good for the economy and hence good for the country and this has been stated time and again. The Administration is agreeing to that totally and continues to do [...]

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