Other signs of home price increases

Read this report also.

Housing prices on the rise – Downey Real Estate

Please read this report on house prices are finally rising in certain Los Angeles Areas. If you have not done so, you should consider buying NOW.

The ethics of Loan Modifications – Downey Real Estate

Great NPR interview with Barry Ritholtz from http://www.ritholtz.com/blog/ regarding the Ethics of loan modifications. It’s only 3 minutes and worth you listening to it here.

The Pros and Cons of Saving your Home

Visit msnbc.com for breaking news, world news, and news about the economy

The Pros and Cons of Saving your Home

Supply of Foreclosed Homes on the Rise Again

It is estimated that banks have held another 28,000 in  foreclosed homes in January.  The number of foreclosures slowed down as the lenders were finding out who qualified for loan modifications (Hint: Even though about 400,000 have applied, only 31,000 actually have concluded a successful loan modification).
Read the full report from the WSJ Here.

BofA sued for not modifying home loans

Find what a homeowner didwhen his loan was not modified.

Financial Reform Summary

Some thoughts on this:

1. A consumer watchdog agency is created to protect the public. The watchdog is to be housed inside the Federal Reserve,that is not Federal and not a Reserve in any case. So who is to watch the watchdog? I guess it’s better than nothing.
2. Limits on CEO compensations. that’s good, it gives the shareholders voting rights. CEOs can’t cook the books, get paid MILLIONS and then release the real books.
3. Won’t let the companies get TOO BIG. Who determines this? In any case they are trying to avoid another AIG.

Please read the summary at this link.

Renewing your City – Downey Real Estate


Detroit is shrinking and with the approval of its Government. Find out why this can affect your real estate values. http://tinyurl.com/ya9tc2k. Downey Real Estate, http://TheMortgageSpin.com

New Foreclosure prevention program – Downey Real Estate


4/5/10 new foreclosure prevention program HAFA taking effect. Challenges still expected for all short sales.  Downey real estate. http://TheMortgageSpin.com. Read Report.

1 Million Foreclosures since ’08 – Downey Real Estate


Downey Real Estate – Over 1 million homes lost to foreclosure since ’08. You have options to avoid this from happening to you. Read the report here http://TheMortgageSpin.com – DPPHVQQKZ6XF