She Deserved Everything That Happened.

She really did. I’m amazed at how unprepared people are who purchase homes and then wonder why bad things happened to them.
Shannon Dennis was losing her inheritance, her dream job and her home. All she wanted was to tell her story to state regulators, hoping to recover a little of what she lost since she […]

But It Wasn’t A Bubble

was and is the mantra for the real estate agents and mortgage brokers. Sure it wasn’t a bubble. But if it wasn’t, you tell me, with a straight face how the following ever happened?
Her 29-year-old daughter, a graduate student with an annual income of less than $20,000, qualified for a mortgage of $600,000 with no […]

But It Wasn’t A Bubble

Because surely all these default notices are a normal part of the lending cycle.
The number of mortgage default notices sent to California homeowners last quarter rose to its highest in nearly 10 years as home prices stagnated and rates on adjustable loans pushed higher, a report released on Monday said.
Mortgage lenders filed 46,760 notices of […]

How will they pay the property taxes?

It’s nice that Mr Kawamoto want’s to improve his image, but I’m not sure that this is the way to do it.
Tears spilled down Kahale’s cheeks as she accepted from Genshiro Kawamoto the key to a white, columned house with a circular driveway, a stone staircase and a deep porcelain bathtub. Her family will […]

There’s no bubble…

but now Martha, yes that Martha, is going into the real estate business.
The queen of domestic decor is moving beyond customized kitchenware and flower bouquets for something bigger. Much bigger.
KB Home (KBH) (KBH) and Martha Stewart Living Omnimedia Inc. (MSO) (MSO) said Wednesday that they are collaborating on homes that meet the style maven’s stamp […]

Wow…. even in the People’s Republic

THey realize what a bad decision Kelo is.
From this story we learn that even in the bluest of blue states, there’s some common sense.
Spurred by the Supreme Court’s recent decision on eminent domain in Kelo v City of New London, a group of Bay State lawmakers are pushing for a bill that would limit the […]

Bank seizures rattle Hub neighborhoods

There’s no bubble in real estate, except for the foreclosures that seem to be going on, at least thats whatthis Boston Herald story says.
The city as a whole has experienced a 37 percent increase over 2004, to 441 from 323. Statewide, there has been a 30 percent increase, to 5,475 from 4,279.
Wow. A THIRTY […]