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Current News and Opinion

New Foreclosure Hot Spots Emerge in Q3 2009 By Daren Blomquist October 28, 2009 California, Florida, Nevada and Arizona accounted for all but one of the Top 20 metro foreclosure rates. But one city in the Top 20 was a surprise. Job Losses Foreshadow More Foreclosures Deals, Risk By Joel Cone October 21, 2009 The full impact of the nation’s rising unemployment rate — which reached 9.8 percent in January — has not yet been seen in the foreclosure numbers. Should We Return To Paper-Based Mortgages? By Peter G. Miller October 19, 2009 We like to live in a world where everyone gets the same deal. If you can buy a washing machine at Sears for $500 then I don't want to pay more. And if it happens that the speed limit is 45, it should be 45 for both you and me. Ways Foreclosure Investors Can Resuscitate Market By Peter G. Miller October 18, 2009 Here are several practical suggestions which could instantly impact the housing market. The source of these ideas is Bruce Norris, California real estate investor and analyst. Option ARMs: The New Foreclosure Menace By Peter G. Miller October 16, 2009 It used to be that few people had ever heard of something called “mortgage recasting,” but now this term is likely to become very well known, and not in a good way Are Tax Credits For First-Time Buyers Too Costly By Peter G. Miller October 12, 2009 After a number of fumbles and failures, it seems that government has finally found a way increase home sales. The trick? A little tax incentive bribery. New: Instantly Identify Foreclosures Listed For Sale By RealtyTrac Staff September 29, 2009 RealtyTrac’s newly expanded MLS feed of over 1 million properties for sale, matched against 1.9 million foreclosure properties, gives members the ultimate advantage for purchasing a foreclosure bargain. The Case of the Missing REO Inventory By Rick Sharga September 21, 2009 With foreclosure activity breaking records nearly every month, where are all the REOs? Can An Ohio Judge Reduce The Foreclosure Glut? By Peter G. Miller September 16, 2009 A federal bankruptcy judge has set a new precedent that could stop huge numbers of foreclosures nationwide. Her demand: Countrywide Home Loans must document every foreclosure claim it submits in Ohio. Overlooked FHA Loan Ideal for Foreclosure Buyers By Peter G. Miller September 3, 2009 Hidden away in the deep recesses of the federal government is a one-shot financing plan which will allow you to not only buy foreclosures but also to pay for repairs and upgrades.