Archive for July, 2008
Hedge Funds Buying Bad Mortgages - Better Able to Modify Loans
We all bitch and moan about the housing issues and expect the government to do it’s thing to protect us. But if you look at the private sector and how capital markets work, things tend to figure themselves out.
Take the capital markets. The big boys blew it by writing very profitable in the s…
Canadian Snowbirds Warned Off Sunbelt and Florida
An interesting editorial from the National Post of Canada by Diane Francis is not a ringing endorsement for Canadians to use their stronger dollar to buy up Florida real estate.
The whole article should be required reading for any agent selling to snowbirds in Florida and Arizona. Not that I am say…
Cadwalader to Cut 96 Real Estate Attorneys
Cadwalader, Wickersham, and Taft, one of the larger law firms in the country, is cutting 96 lawyers from it’s payroll.
Why is that important for a real estate blog? Glad you asked.
The attorneys are coming out of their real estate finance and securitization departments. The firm will still re…
Can I get a new car while in a consumer proposal?
Question: I am currently paying on my consumer proposal. I kept my car, which is leased, and have been making the payments on my car and on my proposal on time, not missing any payments. The lease on my car is due next spring and I will still have about 1.5 years left to pay on my 3 year consumer …
Land and bankruptcy
Question: Hi there,, we have a bare piece of land, over and above our home place. Its 10 acres, appraised for $40,000. IF we have to claim personal bankruptcy how can we legally manage to keep that 10 acre portion? and keep the funds as well? we have a buyer right now and are unsure as to what to se…
Foreclosure relief and housing bill gets approval from President Bush
President George Bush today signed the Foreclosure Prevention Act into law — a bill that he threatened to veto several times since it was introduced earlier this year.
The bill is perhaps the most significant housing legislation to pass in decades, helping resuscitate a struggling nationwide h…
Los Angeles Times Real Estate Section “Put To Bed”
The Los Angeles Times has published it’s last real estate section. That was the word yesterday out of the venerable paper as cut backs and lack of interest hastened the end.
And I am not all to sad. The role of the internet has superseded the need for dead trees to bring the latest news of th…