November 2008 
There are 2 blog entries for November 2008.
Will The Feds Buy All The Bad Mortgages? Maybe Not...
Monday, November 17th, 2008 at 10:51am. 741 Views, 0 Comments.
On Monday, November 10, the government provided a record bailout of a private company with a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership.
On Wednesday, Treasury Secretary Henry Paulson said that buying up troubled mortgage assets “is not the most effective way” to use government funding. Purchasing these assets was the cornerstone of the initial financial rescue plan, known as the Troubled Asset Relief Program or TARP. Going forward, some of the money saved from not buying mortgage assets will be used to shore up the market for credit-card receivables, auto loans and student loans, according to Paulson.
The Labor Department reported Thursday that…
Bank Owned Real Estate Fueling The Market
Monday, November 3rd, 2008 at 12:19pm. 674 Views, 0 Comments.
You probably have seen the news reports about how in both Southern and Northern California, home sales are up as much as 65% compared to last year. This is due to the huge inventory of Bank Owned real estate which continues to flood the market.
Buyers are starting to realize that while prices may continue to fall, there are so many well priced homes on the market that it is literally forcing some people to consider buying. It has gottent to the point where you can buy a single family home or duplex, in some areas, and acutally pay a mortgage that would be comparable to renting the same property. It's been years since that has been possible in the Bay Area, but now it's a reality.
Every week I preview homes for clients, and when I look up the sales…
The Oakland Real Estate Market is HOT
I'm happy to say, that there is definitely a significant increase in activity compared to this time last year. Multiple offer... Add Comment Read MoreShort Sale Debt Cancellation Set to Go Away
Originally, when you did a short sale you were taxed on the amount that you were forgiven by the lender. This was a seri... 13Comments Read MoreChanges To FHA Mortgage Insurance Premium
The Federal Housing Administration recently announced an increase in the upfront Mortgage Insurance Premium. Mortgage insuran... 4Comments Read More
