When senior citizens opt to take out a reverse mortgage on their homes, most opt to do so in order to generate monthly income and to remove the burden of a mortgage payment from their budget. Now, however, those reverse mortgages, billed as strategies to free seniors from some of the costs of homeownership, could send those same homeowners into Read full article »
Tag archives for Foreclosure Properties
Overall, Residential Property Values Remain Steady from 2009 to 2010
It seems like every month a new report indicates that residential property values are on the rise or on the decline. However, when you view the past year as a whole, all those rises and dips level out to leave property values “relatively unchanged from 2009 levels,” new data from Integrated Asset Services and CoreLogic indicate. Overall, national home prices Read full article »
tags: Bryan Ellis, bryan ellis carole vansickle, Bryan Ellis Real Estate Letter, carole and bryan ellis, Core Logic, Corelogic, Draft, florida property values, Florida Real Estate, foreclosure news, Foreclosure Properties, foreclosure trends, Foreclosures, home value trends, Home Values, Housing Market, housing market news, housing market trends, integrated asset services, property trends, property value trends, Property Values, Real Estate, Real Estate Investing, Real Estate News, Real Estate Trends, residential property values, Shadow Inventory, Stan Humphries, Zillow, zillow chief economist, zillow real estate
An Introduction to Bulk REO Investing
Just a few years ago, most real estate investors had never heard of bulk REO investing, and very few investors had the option of participating in this type of investing because the funds needed for it were of such a grand magnitude. Now, however, as a foreclosure “tsunami” threatens to engulf many major lenders, banks are becoming a little more Read full article »
category: Resources
tags: Bank Owned Homes, Bank Owned Property, bank REOs, bulk REO, Bulk REO deals, bulk REO education, bulk REO investing, bulk reo investments, bulk REO tips, bulk reo transactions, bulk reo webinar, cherry pick properties, Draft, Foreclosure Properties, Foreclosure Sales, Foreclosure Tsunami, fund real estate investing, how to do bulk reos investing, PIF, proof of funding, Proof Of Funds, Real Estate, real estate bulk reo, real estate deals, real estate education, Real Estate Investing, real estate investing education, real estate investing seminar, real estate investing webinar, Real Estate News, real estate owned, real estate resources, real estate tips, Reo, REO investor, Reo Properties, Reo Property, REO sale
Case Study: A Close-Up Look at the Massachusetts Foreclosure Ruling
Since the Massachusetts Supreme Judicial Court ruled last week that Wells Fargo and US Bancorp unjustly foreclosed on two properties the mortgages to which they did not actually hold verifiable title, the entire real estate investing industry – along with banking and legal eagles – has been in an uproar. The decision which invalidated two foreclosures that had already been Read full article »
tags: Boston Globe, Boston Globe foreclosures, Boston Globe News, Chelsea foreclosures, chelsea massachusetts, chelsea real estate, Draft, foreclosure investing, foreclosure investing news, Foreclosure Properties, foreclosure rulings, how to unwind a foreclosure, invalidate foreclosures, massachusetts foreclosure ruling, massachusetts foreclosures, massachusetts real estate, massachusetts real estate news, massachusetts supreme court, mortgage ownership, Mortgage Servicers, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, Real Estate News, real estate rules, real estate rulings, Stop Foreclosure, unwind foreclosures, US Bancorp foreclosures, US Bancorp news, Wells Fargo foreclosure news, Wells Fargo foreclosures, who owns my mortgage
Major Lenders Protest New Jersey’s Threatened Foreclosure Freeze
Six major lenders are disputing a New Jersey chief justice’s proposition that their foreclosures be suspended indefinitely in his state, saying that they have addressed “questionable legal practices” and arguing that such a freeze might even be unconstitutional under the New Jersey constitution. The six lenders – Ally Financial, Bank of America, JP Morgan Chase, Wells Fargo, CitiGroup and One Read full article »
tags: Ally Financial, Bank Of America, chief justice new jersey, Citigroup, Draft, foreclosure documentation, foreclosure freeze, Foreclosure Market, foreclosure moratorium, Foreclosure Properties, foreclosure suspension, fraudclosure, Jp Morgan Chase, justice rabner, Loan Modification, market, new jersey foreclosure freeze, new jersey foreclosures, new jersey moratorium, new jersey rabner, new jersey real estate, one west bank, Real Estate, Real Estate Agents, Real Estate Investing, Real Estate Investors, Real Estate News, reverse foreclosure, Robo-signer, stuart rabner, unwind foreclosures, Wells Fargo
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.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
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.