Tag archives for foreclosure alternatives

New Mobile App Helps Homeowners Fight Foreclosure

In order to effectively combat foreclosure, homeowners need to have access to massive databases of information that will provide them with as much data as possible about their personal piece of property and unique foreclosure scenario. For this reason, one homeowner advocate has developed an app for that. Kyle Ransom’s “Go Fight Foreclosure” app is designed to “prevent wrongful foreclosures” Read full article »

New Bill Aims to Defuse Termination of Federal Foreclosure Programs

In an effort to ameliorate the impact of the potential termination of federal foreclosure programs by bills recently passed in the House of Representatives, Steve Cohen (D-TN), has proposed a bill establishing a grant program for state and local governments to mediate between homeowners and lenders and hopefully prevent foreclosures. Cohen has stated that “foreclosures evaporate middle class wealth” and 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 »

Nearly a Quarter of Nevadans are Walking Away from Mortgages

According to a newly-released survey by the Nevada Association of Realtors (NVAR), nearly a quarter of all foreclosures in the state are strategic to some degree. This means that of the Nevadans who experienced foreclosure in the state, 23 percent opted to simply walk away from the property rather than attempt to resolve the problem using foreclosure alternatives, nonprofit programs Read full article »

In Chicago, Bank Walkaways Create Blight All on Their Own

While some parts of the country would probably be elated if lenders would be a little more willing to “walk away” from foreclosures, in Chicago, it is turning into a serious problem. According to a report by the Woodstock Institute (full report to be released on Thursday of this week), nearly 2,000 “red flag” homes have been abandoned, mid-foreclosure, by 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.