Housing Buzz
August 28, 2010
HIVE Houston will not be your ordinary live/work artists’ colony. But if it is ever completed, it will certainly look like a colony – for
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HIVE Houston will not be your ordinary live/work artists’ colony. But if it is ever completed, it will certainly look like a colony – for
(What follows is a hypothetical scenario. It is based upon at least 50 recent interviews with clients involved in distressed housing transactions as well as
Woodstove & Fireplace Insert Certification Law As of August 1, 2010, Oregon law requires all sellers of “residential structures” to remove and destroy uncertified woodstoves
After reading news articles and talking with Realtors and distressed borrowers, it has become more and more apparent that the federal government’s HAMP modification program
Trying to select which distressed housing option you should pursue? Surprisingly, under certain circumstances, permitting the bank to foreclose may be the best option.
We are experiencing a buyers’ market in residential housing today. In other words, the number of available homes far exceeds the number of available buyers. Selling a home today is more than just planting a sign in the yard. It requires a knowledge of the current statistics, a marketing plan, and a skill to keep the closing on track. In short, it takes a good Realtor to successfully sell a home today. But there are thousands of Realtors in Oregon. How does a homeowner find the right one for them?
Why would an Oregon attorney nearing retirement, choose to leave his comfortable firm, open a solo real estate practice, and start a website and blog? Well, they say sharks have to keep moving to stay alive….
The National Association of Realtors has published some excellent summaries and charts for local markets. Their Oregon research covers Portland, Salem, and Eugene.
Fannie Mae, the secondary mortgage giant, is targeting certain borrowers, whom they say, are voluntarily electing to go into foreclosure rather than continue paying on a loan that may be a hundred thousand dollars or more over the value of their home today. Fannie calls these “strategic defaults’ and vows to either go after them personally, refuse to buy their future housing loans for seven or more years, or do both. Apparently, Fannie has forgotten that the very banks who sold them the paper created many of these exotic loan products, ignored borrowers’ credit, and basically helped create our credit mess in the first place.
In today’s real estate marketplace, credit is driving all lending decisions. And the bar keeps getting raised. But you can’t fix it if you don’t know it’s broken – or how badly it’s broken. You need to know what’s on your credit report and what your credit score is. Only then can you get started fixing it.
