Tag archives for carole ellis

Residents Take “Nuisance” Owner to Court for a Win and a Sale

In San Diego, if enough of the neighbors think your house is a problem you could end up in court facing nuisance property charges and small-claims actions of as much as $7,500 per individual involved in the suit. That is just what happened to one property owner who now stands to settle a huge judgment and lose his property if Read full article »

NYC’s Real Estate Industry Threatens Changes, Departure If Tax Policies Remain Unchanged

Owners of rental properties in New York City have issued an ultimatum to the Bloomberg administration: Lighten up or we’re out. In fact, the Real Estate Board of New York (REBNY) met with the Bloomberg administration earlier in February to complain about rising property taxes and, during that meeting, threatened to stop the development of “large, new rental buildings”. In Read full article »

Multifamily Financing at Risk in Fannie, Freddie Exit

The Fannie Mae-Freddie Mac “escape plan” has been heralded by many politicians as the only answer to the nation’s current housing woes. However, in the process of dismantling the government-controlled GSEs, the U.S. Treasury Department could end up removing one of the market’s most beneficial and successful insurers of multifamily property from the market. Affordable housing advocates like the National Read full article »

Making Home Affordable Expanded to Include Second Mortgages

While the current administration’s Making Home Affordable plans have received heavy scrutiny and criticism from all sides thanks to low rates of success with modifications and difficulty navigating expensive and circuitous routes to foreclosure alternatives, the administration has to get some credit for doggedly continuing to beat a horse considered by many to be long dead. One of the latest Read full article »

Major Lender Pushes for 30 Percent Down on Home Loans

Wells Fargo has a new hurdle for homeowners: a 30 percent down payment on a qualified residential mortgage (QRM). The FHA and the Department of Housing and Urban Affairs are working steadily to establish a firm set of new mortgage rules by the end of April, and Wells Fargo, along with other major lenders, are looking for minimum 20 percent Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.