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The Pre-Foreclosure Property Investors Kit

Big Money in Real Estate Foreclosures

 

How To Profit From The Coming Real Estate Bust
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106 Mortgage Secrets All Homebuyers Must Learn-But Lenders Don't Tell
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Bubbles, Booms & Busts
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Boom Bust: Home Prices, Banking, and the Depression of 2010
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The 2nd Great Depression: Starting 2007, Ending 2020
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Refi Bust: Mortgage Brokers Gone Wild!
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House Poor: How to Buy and Sell Your Home Come Bubble or Bust
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The 106 Common Mistakes Homebuyers Make (and How to Avoid Them)
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The Coming Crash in the Housing Market : 10 Things You Can Do Now to Protect Your Most Valuable Investment
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Pop!: Why Bubbles Are Great For The Economy
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Cash in on the Coming Real Estate Crash: How to Protect Yourself From Losses Now, and Turn a Profit After the Bubble Bursts
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Timing the Real Estate Market : How to Buy Low and Sell High in Real Estate
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Collection Agency Harassment: What the Debt Collector Doesn't Want You to Know
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Debt Collection Secrets: Everything the Debt Collector Doesn't Want You to Know
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Grow Rich with the Property Cycle
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Property Management for Dummies
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How to Invest in Rental Properties: Without Mortgaging Your Soul
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Mortgage Encyclopedia: An Authoritative Guide to Mortgage Programs, Practices, Prices and Pitfalls
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The First-time Homeowner's Survival Guide: A Crash Course in Dealing With Repairs, Renovations, Property Tax Issues, and Other Potential Disasters
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Federal Reserve Policy Destroys the Value of Your Savings
by 2008 presidential hopeful
Ron Paul

Don't Blame the Market for Housing Bubble
by Ron Paul
. See How Lenders See Your FICO Score.

 

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November 2009
Housing News Archive

Monday, November 30, 2009

Housing market rise inspiring but may not last

San Francisco Chronicle
Case-Shiller Still Predicts Massive 45% Fall To Come
The 10 major cities in the Standard & Poor’s/Case-Shiller home price index have risen 5% from their April low, but the index is still predicting a massive 45% fall from today’s values.
Blog.ml-implode.com

South Florida home sales up, but prices down 16-30 percent

MiamiHerald.com

Walk Away If Mortgage Underwater Says Professor

HULIQ 

Bernanke Forgot About His Role In Causing the Great Recession
It is worth quickly explaining why a collapsed housing bubble leads to a recession, since the policy people responsible for this disaster have done so muchTPMCafé (blog

Bernanke Attacks Ron Paul's Audit the Fed Bill

The New American

Today's Housing Bubble Post - It Ain't Over

Seeing the Forest

1 in 4 Children, and 1 in 8 Americans Now on Food Stamps

Benzinga

Falling rents aid homeowners in mortgage trouble

Los Angeles Times

State-funded housing for illegal immigrants?
...It’s a ruling that allows anyone access to state-funded housing, whether they’re here legally or not. Meaning non-citizens can get public housing paid for by tax-abiding citizens.

My Fox Boston

Wednesday, November 25, 2009

How the US Government Created the Housing Bubble & Bust
Homeownership dream turned into nightmare with US help
Sarasota Herald-Tribune

Without Government Intervention, Housing is SCREWED!
That's how normal real estate depressions work out. But this housing crash is anything but normal. "Bankers aren't doing their jobs," says outspoken real estate mogul Donald Trump. "Congress is sitting on its hands," says Brian Lawson, a real estate analyst. "Without further government intervention we're screwed."
Housing Bottom Remains Elusive

NuWire Investor 

Home Prices Still Dropping but at Slower Pace
U.S. home prices fell 3.8 percent in the third quarter from a year earlier, the smallest decline since the first quarter of 2008, as a tax credit for first-time homebuyers boosted demand and slowed foreclosure-driven price drops.
Home Prices Declined 3.8% in Third Quarter on Foreclosures

Bloomberg 
Housing Bottom "Not Even Close" Barry Ritholtz Says
"Until we start seeing a healthy housing market that can stand on its own, without government props, without distressed properties selling 60% off peak levels - that's how you know the bottom is in,"...
Yahoo.Finance
Home Sales Poised to Dip After Tax-Credit Rush
USNews / Yahoo! News

Ron Paul Gains Support Of Congressman Grayson For Audit Of The Fed !

Examiner.com
... Congressman Ron Paul and Democrat Congressman Alan Grayson of Florida have banded together in supporting legislation that will allow the Federal Reserve ...
Federal Housing Administration Reserve Fund In the Red
TransWorldNews
Tuesday, November 24, 2009

No Bottom in Home Prices Until 2011
Economists from JP Morgan Chase & Co. said Monday they didn't expect US home prices to hit bottom until early 2011, citing the prospect of oversupply. ...
1 in 4 Borrowers Under Water

Wall Street Journal
Taxpayers Get Looted by Homebuyer Tax Credit!
Investment funds are purchasing billions of dollars in home loans, and refinancing them through the Federal Housing Administration (FHA), which results in the lowering of the loans’ original value. Next, the reduced loans are packaged together and sold to investors. Homeowners naturally think they’ve received a gift as a result of seeing their mortgages lowered, but what they don’t realize is that as taxpayers, they have also assumed the risk if anything goes wrong with Wall Street’s reselling of the loans. If FHA is unable to back all the refinanced loans during another economic crisis, another bailout could be in order.
Taxpayers Take Over Mortgage Risks from Wall Street
AllGov 

Homeowners Ponder Whether to Stay or Go

Wall Street Journal

The passing of Ron Paul's HR 1207 means we are one step closer to abolishing the Federal Reserve  

Examiner.com
 

The home-price bubble can't be back already -- can it?

Chicago Tribune


US Economy: Existing Home Sales Jump as Prices Fall

Bloomberg

 

More Pain For You And Me: The Economy's About To Stumble

Huffington Post

San Diego Housing Scam Busted
A group of San Diegans accused of using religion to scam at least 100 people are in custody Monday, 10News reported.
Group Accused In Mortgage Scam Detained

KGTV, 10News.com
 

Real estate bust opens doors for parties at vacant houses
•In San Diego County, young people have taken over foreclosed houses for late-night rave parties, says Detective Jeff Lauhon of the San Diego County 

USA Today

More of the Hottest Celeb Homes for Sale
A bachelor pad is no longer necessary once you’re married to Khloe Kardashian. Lamar Odom’s home comes with 5 bedrooms, a swimming pool with a spa, a custom-made bar and a spectacular view of downtown L.A. Lamar is looking to sell his place for $2,399,000. You know, so he can have some pocket change.

OK! Magazine
Monday, November 23, 2009

Ivy Zelman: Home Prices Going Back Down
The Mortgage Bankers Association is reporting that nearly one in ten households with mortgages are at least one payment behind. That is a record, my friends. And it certainly means we cannot believe house prices have permanently stabilized...

Seeking Alpha
House Prices Still Have A Ways To Fall
Yahoo! Finance
Housing "Recovery" Built on Sand
Online.barrons.com
Another Leg Down Coming in Housing
Bloomberg.com

Foreclosures: Those with Good Credit, Jobs are Walking Away

eCreditDaily.com 

The Delusional American Home debtor "Homeowner"
Housing fix requires rethinking ownership

The Spokesman Review 

Fed Has failed: Time to Fire them
The Single Most Important Think to Understand about the Fed

Seeking Alpha

HOUSING: You're underwater on your house. Now what?

North County Times

Second wave of foreclosures

Times-Georgian
Friday, November 20, 2009

Mortgage Delinquencies: Record High
"The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.64 percent of all loans outstanding as of the end of the third quarter of 2009, up 40 basis points from the second quarter of 2009, and up 265 basis points from one year ago..."

Zacks.com

Foreclosures will keep rising through 2010, report says

Los Angeles Times

America's Fastest-Recovering Cities

Forbes 

14 Percent of US Homeowners In Peril

CBS News 

Toll Brothers CEO: “Yesterday's Subprime is Today's FHA,”

Benzinga

Is the Fed Creating New Bubbles?
New York University economist Nouriel Roubini argues that the Fed is inviting speculative excesses in all kinds of risky assets by providing cheap dollar ...

BusinessWeek

Rapid rebound fuels fears of housing bubble

CBC.ca


Home Prices Back to 2004 Levels Across Country

Examiner.com 

 

Ron Paul wins a key battle in war to open Fed's books

Los Angeles Times

Fear of Double Dip in Housing
Just a few months after housing showed signs of leveling off, bad weather and uncertainty over the extension of a home-buyer tax credit sent new-home starts in October tumbling 10.6% from the previous month. They fell to the lowest level since April, the Commerce Department said Wednesday. Starts of single-family houses fell 6.8%.

Wall Street Journal 
Wednesday, November 18, 2009

Mortgage Delinquencies Still Rising - Analyst Blog

Benzinga

High End Real Estate: Will The Second Shoe Drop?

Real Estate News | BiggerPockets.com

House prices off 6.5% as tax credit boosts sales - TN

Chattanooga Times Free Press
An overgrown lawn could cost a homeowner $1,000 a day
Infowars.com

Housing Bubbles: Americans Ignoring Reality

Scoop.co.nz

Predictions From the Man Who Called the Housing Meltdown

Motley Fool

Home Depot's Numbers Show Housing's Still in the Basement

Money Morning

"Shocked, Shocked" at FHA Troubles: Another Mess for Obama's Mop

Huffington Post

Serious home loan delinquencies are above 10% of mortgages in California

Los Angeles Times

End the Fed march will take place this Sunday in Philadelphia
The Federal Reserve's unchecked ability to create fiat currency out of "thin air" has enabled generations of deficit spending by unscrupulous members of ...

Examiner.com
Tuesday, November 17, 2009

Home Prices to Fall Into 2010: Likely Beyond
Mortgage Loan Deliquencies Move Up Toward All-Time Record
The TransUnion data supports the theory that housing prices will fall well into 2010. And, if unemployment continues to march toward 11%, that will not be the end of it.

24/7 Wall St.

Low-priced land on Ebay - Start Your Bidding
AffordableHousingAuctions.com, a free website which only tracks cheap home and land prices across the U.S., recently reported property buyers making land purchases for as little as $100, in auctions selling on eBay.
Cheap Land Selling on ebay for $100

Online PR News

San Diego Home Prices Finally Increase Year Over Year
SD County home prices inch higher

San Diego Union Tribune

Ten Questions on the Volatile Housing Market

Wall Street Journal 

The Fed's Policy of Near Zero Interest Rates
The commercial mortgage crisis will demolish any illusion of recovery. The paid shills and liars will again be exposed for what they are. ...

The Market Oracle

Government Props-Up Home Prices...for now
EVEN AS we wade through the wreckage of the housing collapse, Americans remain a staunchly house-proud people. And our government is apparently determined to encourage us: This month, President Obama signed into law an extension and expansion of the popular homebuyer tax credit, which had been scheduled to expire at the end of November
Home ownership: Five myths

NorthJersey.com

Federal loans for unemployed, and Wells Fargo forgiving principal

Examiner.com 

How a government bailout created the commercial real estate catastrophe

True/Slant

Rental prices fall to lowest level in almost a decade

Herald.ie

Stop the Fed from Operating Above Congress!
Ron Paul appeared on CNBC's "Squawk Box" on Friday, November 13th. He talked about his bill for more transparency for the Federal Reserve, saying the Fed ...

Opposing Views

Ron Paul on CNBC, Says Federal Reserve Must be Accountable

 

FHA Bailout By Taxpayers On The Way

HoweStreet.com
Monday, November 16, 2009
US Housing Bust’s Last Chapter: 2010 And 2011 Face Big Resets In Alt-A And Option ARM Loans
Daily Markets

Bank forecloses on New Orleans haunted houses owned by celebrity Nicholas Cage

Examiner.com

 

Irvine condo’s price plunges 50% in three years - Irvine and Tustin Homes :
The Orange County Register

Why we must nationalize the Federal Reserve

OpEdNews

The FHA's nose dive

Washington Post

Will FHA increase down payment requirements?

Examiner.com

Belsky: Rethink the cult of homeownership

Austin American-Statesman 

Speculative recovery sows seeds of an even greater economic crash

Prison Planet.com

Home appraisals turn into a hazard

News & Observer
Friday, November 13, 2009
Housing Still Falling: Behind the Headlines
DRHousingBubble

Foreclosure rates climb in middle and upper class areas  - IL

Medill Reports: Chicago

Home Prices Down In 8 Of 10 US Cities

The Consumerist
The People Strike-Back Against Greedy Bankers
As Foreclosure Nightmares Increase, Will More Homeowners Pay Off Their Bankers in Violence?
Alternet.org

Fraudster Madoff home prices lowered

WiredPRNews.com

Crystal Meth and Senior Housing
Withdrawal from the substance, also known as “the crash,” can be nearly as bad. Physical fatigue, drowsiness, irritability, and sadness can set off a ...

New York Times

FHA reserves fall below legal limit

Washington Post 


Keepin' It Real Estate: Trial Modifications Are Criminal

Minyanville.com

US Foreclosure Filings Surpass 300000 for 8th Straight Month

Bloomberg 

More of the same tired arguments against Ron Paul's Fed Audit Bill

Liberty Maven

Florida shooting suspect had money / Foreclosure problems

Los Angeles Times

Top 10 states with highest foreclosure rates

Examiner.com 
Wednesday, November 11, 2009

 

Surfs Up: Next Foreclosure Wave Starts Now
The Second Wave of Foreclosures Has, Perhaps, Finally Begun

Wall Street Pit

Home prices Down in Most US Major Markets
Existing-home prices slide in most metropolitan areas

Los Angeles Times

Nationwide home prices fall in 123 of 153 metro areas

BloggingStocks

Median home prices fell nationwide in 3Q

Salt Lake Tribune

Next crash could be commercial real estate

Building Design & Construction

Peter Schiff: US GDP Growth Isn't Real And The Recession Isn't Over

istockAnalyst.com

The Accidental Landlords

American Thinker

fdic's Bair: Bank Failures Will Peak In 2010

Wall Street Journal

If You Thought the Housing Meltdown Was Bad…

Gold Seek

Shadow Inventory Dwarfs Loan Mods

CNBC 

Fed's Lockhart - income woes may weigh on housing

Reuters
Tuesday, November 10, 2009
New Foreclosure Wave Begins!
The first wavelets of a long-dreaded tsunami of new defaults are washing up on the shores of California, Florida and other markets where prices soared during the housing boom, bringing the nightmare of foreclosure

Tidal Wave of New Defaults Begins

United Press International

Mortgage Crisis II looming?

istockAnalyst.com

Four of Every 10 Sellers Reduced Home Prices in October According to ZipRealty

CNNMoney.com

Ron Paul: We need to audit the Federal Reserve, now more than ever!

Men's News Daily
Even the Rich Are Treating Their Houses Like Piggy Banks
(Really, Really Big Piggy Banks)
WSJ.com

US Real Unemployment Hits Depression Level Numbers of 17.5%

The Market Oracle 
Looming foreclosure wave will derail recession recovery in California Centralvalleybusinesstimes.com

Las Vegas Home Prices Decline 26.8 Percent, Despite Uptick in Sales

KLAS-TV

Zillow: Tampa Bay home prices down 2.2 percent

Tampabay.com
Tampa Bay home prices fell 2.2 percent between the 2nd quarter of 2009 and the 3rd quarter of 2009, according to Zillow.com. As of September 30, ...

Home Purchase Tax Credit Extended: Is This Wise?

Seeking Alpha

FHA's reserve fund hits 7-year low

Washington Post 
Friday, November 6, 2009

Could we see a `double-dip` in house prices?

Think Money 

Fannie Mae to allow borrowers in foreclosure to lease back homes

Los Angeles Times 

The Housing Bust - The Final Chapter

HoweStreet.com 

Obama expected to extend, expand home tax credit

Newsday 
Latest Homebuyer Tax Credit: Pay More, Get Less
BusinessWeek

The next taxpayer bailout ... FHA?

Seattle Post Intelligencer 
L.A.-area agents holding open mansions
Latimes.com

"This Loan Is An Example Of What Went Wrong In America"

Huffington Post (blog)


Fed again pledges to hold rates at record-lows

The Associated Press 

 

Neighbors Band Together To Prevent Foreclosed-Home Parties

The San Diego County Sheriff's Department is recruiting extra help in an effort to prevent all-night rave parties in foreclosed homes, 10News reported. ...
KGTV, 10News.com
 
Wednesday, November 4, 2009

Nearly 600000 Americans Walked Away from their Mortgage in 2008

Benzinga

Auctioned homes go for under $150G

Boston Herald 

Congress Poised to Keep Homebuying "sucker" Credit

New York Times
.
 

Florida class-action suit accuses KB Home of inflating prices

Tampabay.com

7 Reasons The Next Sustained Market Move Is Down
Adjustable rate mortgages (ARMs). Over 90% of the option ARMs are yet to reset...

istockAnalyst.com

Wells Fargo Defers Reckoning On Troubled Mortgage Balances

Wall Street Journal

Daily Walk of Shame: The Fed
Way before Ben Bernanke came along, former Federal Reserve Chairman Alan Greenspan's low interest rates, left in place too long, fed the frenzy of borrowing that fueled the housing bubble.

Motley Fool 

Mortgage Crisis Shows that Government Regulation Doesn't Work

Prison Planet.com
How can one reconcile the fact that the money supply is controlled by a monopolistic central authority–the Federal Reserve System–with any sort of free ...

CIT Group Files For Bankruptcy Following $2.3 Billion Bailout

TransWorldNews
Tuesday, November 3, 2009

CHART OF THE DAY: Housing Needs To Keep Falling

The Business Insider 

Is Debt-Deflation Economic Depression Just Beginning?

The Market Oracle
During the housing bubble, by the time the poor could get access to to money easily, it was far too late to buy. Given that inflation benefits those with ...

"Strategic Defaults" a Mortgage Broker Comments on Fear and Shame Tactics

HoweStreet.com

Subcommittee Guts Ron Paul's Bill to Audit the Fed

The New American
The Federal Reserve Transparency Act (HR 1207), Congressman Ron Paul's landmark bill to audit the Federal Reserve, has been gutted in a House subcommittee ...

Foreclosure fire victim died of gunshot wound, police say

AZ Central.com
... lost his home to foreclosure and had been out of work for two years. "We still can't say whether this was a suicide," said Mesa Police Sgt. Ed Wessing. ...

What Will The FDIC Do For Funds In 2011?

Nolan Chart LLC

Plan would end taxpayer bailouts for financial firms deemed 'too big to fail'

Los Angeles Times

US citizens are joining immigrants in store parking lots
In the latest sign of the Las Vegas Valley’s economic free fall, U.S. citizens are starting to show up in the early mornings outside home improvement stores and plant nurseries across the Las Vegas Valley, jostling with illegal immigrants for a shot at a few hours of work.

Las Vegas Sun


On Bank Failure Friday (Nine Plus CIT)

Seeking Alpha

Goldman seizing homes bought with subprime loans

Houston Chronicle 
Sunday, November 1, 2009

Housing Data Shows Price Downtrend For New Home Prices

NuWire Investor

How Goldman Sachs secretly bet on the US housing crash

eTaiwan News 

Property tax bills often taxing on the mind

Chicago Tribune

Actually, Case-Shiller Shows That The Housing Crash Has Already Resumed

The Business Insider
Guess What: The Next Housing Bubble Is Already Underway
Businessinsider.com

What happens if you don't pay the mortgage?

San Luis Obispo Tribune

Bottom Lines: Unemployment driving up foreclosures

Press of Atlantic City


Ron Paul: False Recovery is Under Way

Wall Street Pit

 

US Housing Market Rebound? Not so fast!

The Market Oracle 

Stocks Soar on Good News: Foreclosure-Related Suicide Hits All Time High! (Satire)

Glossy News (satire) 
Wednesday, October 28, 2009
Fools Buy Into The False Housing Bottom
The stabilization in U.S. home prices won’t last, according to economists at Goldman Sachs Group Inc. in New York. Their counterparts at BofA Merrill Lynch Global Research see a “treat” rather than a retreat.
Goldman Sees 'False Bottom,' Merrill Sees 'Treat'
Bloomberg

Las Vages Home Values Sink 37% Year Over Year
The median home price in the Las Vegas area fell 37 percent in September from a year earlier as sales of foreclosed ...
Las Vegas Home Prices Drop as Foreclosures Cut Values

Bloomberg

Home Price Improvements May Be Short-Lived

United Press International

Housing bottom? Analysts wary

Sarasota Herald-Tribune 

California Median Home Price Sinks $23K from Year Ago!
The median price for an existing detached house fell to $296090 from $319310 a year earlier, the Los Angeles-based group said today in a statement. ...
California House Prices Decline 7.3% on Foreclosures

Bloomberg

Home Prices Return to 2003 Levels
Home Prices Rise, Yet Confidence Fades

Wall Street Journal

Housing Recovery: A New Bubble Ready to Pop?
The recovery in America's housing market looks unsustainable, with certain parts of the country again entering "bubble territory", ...
US housing recovery in 'bubble territory'

Telegraph.co.uk

The Amazing Round Trip Of House Prices Back Toward Pre-Bubble Levels

The Business Insider


U.S. bank chargeoff rate exceeds Depression: Moody's

Reuters 

Obama's Refinancing Program Fails to Reach Troubled Homeowners

United Press International

Roadblocks to our Audit the Fed Bill.

Gather.com
 

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