CoreLogic, a real estate data and analytics firm, estimates that while short sales have tripled since 2008 and are saving literally thousands of homeowners from foreclosure, that lenders are losing money in the process – a lot of it. By the end of 2010, CoreLogic research indicates that lenders will have lost as much as $310 million to “unnecessary losses” Read full article »
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“Preventable” Short Sale Losses Total About $310 Million
category: Real Estate News
Bleak Forecast for Gulf Coast Properties
Following over a month of monitoring and researching the impact of the Gulf Coast oil leak, Housing Predictor has released a forecast for the values of homes “along the immediate path of the Gulf Coast,” reported NuWire Investor this week. The analysts predict that homes will decline at least 30% in value, and that thousands and thousands of homes could Read full article »
category: Real Estate News
3 Specific Attacks On Real Estate Investors By The Obama Administration
Let's get straight to the heart of the matter: Issue #1: Would it bother you if you learned that the Obama administration has specifically targeted investors like you and me for massive tax hikes? These tax hikes apply only to investors and nobody else... Because you are an investor, you have specifically been targeted by this administration for financial penalization and Read full article »
category: Editorial
tags: Clarity, Current Information, Democrat, Federal Government, Government Control, Government Inspection, Heart Of The Matter, House Of Representatives, Investment Property, Investor, Issue 1, July 1, Massive Tax, Personal Residence, Private Property, Real Estate Investors, Seller Financing, Third Party, U S Senate, Willing Buyer
Beyond Short Sales & Foreclosures – The [Immediate] Future Of Real Estate Investing
UNFORTUNATELY, you missed this excellent training call. We'd like to extend a sincere THANK YOU to the many hundreds of people who joined us for this call. I have asked my special guest from this call to offer an encore presentation, but his schedule can not accommodate it at this time. If this changes, I'll let you know if you're Read full article »
category: Editorial
tags: 33 Years, Candid Interview, Chase, Commercial Deals, Cut To The Chase, Decade, Estate Business, Estate Experience, Excellent Training, Foreclosures, Future Investing, Future Of Real Estate, Immediate Future, Investor, Lunch, Mortgage Companies, New Orleans Real Estate, Publicity, Real Estate Brokerages, Reo, Service Businesses, Subscription Area, Thursday Night, Underwear
Newbies In The Cross-Hairs: Why REO’s May Be Wrong For You
At present, all of the "gurus" are aggressively promoting a new course on REO investing. The problem with this is that those who are doing so seem to suggest that REO Investing is "a smart thing to do" in the present economic environment. But is it? I'll answer that question for you now: REO's can be a really great way to create Read full article »
category: Uncategorized
tags: Cross Hairs, Disaster, Economic Environment, Economic Storm, Fact Of The Matter, Fortune, Gold Rush, Gurus, Investing, Investment Capital, Investor, Investors, Legal Liability, Lenders, Losses, Might Make Sense, Money Makers, Perspective, Presence, Professional Real Estate, Profits, Promoter, Real Estate Investors, Recessions, Reo Properties, Reo Property, Risk, Serious Skin, Simple Fact, Wonderful Things
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.