The latest news and events in the Short Sale world
The Federal Reserve’s War on Homeowners
It’s been a rough decade for the Federal Reserve. During the 1990’s, under the media campaign waged by Alan Greenspan, the Federal Reserve stepped out of the shadows and into the limelight. Of course, in 2010, Greenspan is no longer celebrated as a hero, and now the Fed has become a very public scapegoat for our economic ills. And for good reason: they’re directly responsible for... [Read more]
A Long, Cold Winter for Real Estate
Probably the biggest story this week has been how much Real Estate is not in the news. A number of market indicators got released in the past 7 days, but between the ongoing Wikileaks story and the rumors of war in Korea, nobody has been discussing the housing market very much lately. The latest statistics are a mixed bag: thanks to a foreclosure moratorium, distressed home sales dropped 31% during... [Read more]
What if Adam Levitin is Right?
“We’re facing the same issues we’ve been facing for the last four years…every year we have another set of hearings.” Adam Levitin never hesitates to speaks his mind. On November 18th, the young Georgetown professor gave some of the most memorable testimony of 2010. He was speaking before the House Financial Services Subcommittee about the effects of the MERS Meltdown. At... [Read more]
Infusion Wire: News Roundup
While the entire industry holds their breath, waiting for MERS to get wrapped up, there’s plenty of other important stories in the news this week. Instead of focusing on a single issue, let’s take a guided tour of the most important headlines that you might have missed… First up, there’s been a lot of coverage for the latest CoreLogic report stating that the Shadow Inventory... [Read more]
Timing the Next Major Foreclosure Wave
We’re calling it now: the MERS story is over. It will continue to play out on the news for weeks, of course, but our readers like to stay ahead of the curve. The end of the “Foreclosuregate” scandal is being negotiated right now behind closed doors, and you can expect to see announcements as early as next week. In terms of justice, the MERS story will drag on in courts for years... [Read more]
Short Sales and FICO Scores
Since the beginning here at RealtyInfusion, we’ve been advocating Short Sales as a clearly superior alternative to Foreclosures. We’ve also been dissecting articles from the mainstream media that distort the real picture. Today, though, we’re going to spotlight someone for Getting It Right. Last week, we had a reader submit an article she wanted scrutinized: a financial advice column... [Read more]
