Archives for March 2008

Finding a Lifesaver in Foreclosure

By Tony Evans Fasten your seat belts folks, it’s going to be a "white-knuckle" flight for a couple paragraphs, then some blues skies and green lights. Chicken Little may be right. H & R Block is unloading Option One Mortgage and its $53 billion sub-prime garbage. Insiders are lamenting that after Bear Stearns cut the throats of 14,000 employees, the company initials B.S. no longer stand for Bear Stearns --get it? A well respected … [Read more...]

Make Money on Investment Property

Bust or Boom How to Make Money on Investment Property By J .M. Buck Here's a scenario that most of us have encountered: You are in your car miles from nowhere. Driving across an endless rural landscape pocked by random truck stops and the occasional ramshackle trailer court, you catch out of the corner of your eye a fading sign springing from the edge of a cow pasture. "Real Estate for Sale," the peeling black paint reads, "$250 per … [Read more...]

Mortgage Companies Like Vultures

The Inside Buzzzzzz "LIKE VULTURES FLYING LAZY CIRCLES" . . . . By Tony Evans Many years as a mortgage banking consultant and author of a book on manufactured home financing should qualify me to offer information, suggestions, ideas and solutions to the problems we face today. If not, please – no criticism, I'm very sensitive. (just kidding) In 2006 through the middle of 2007 nobody ever thought the balloon would go up, and we would find … [Read more...]

Get More Inside Buzzzz

Get More Inside Buzzzz by Tony Evan Are these People Nuts? Have banks lost their minds helping cities out of bankruptcy? Published June 1, 2008 The Credit Card Hustle If you havent checked your credit card statement lately, you should do it right away. Banks are sneaking in rate increases. Published May 20, 2008 Getting Back in the Game Part II The second part of the series explains how to buy a home with a foreclosure on your … [Read more...]

Emergency Action by the Federal Reserve is Needed

Catapulted by a series of failures in mortgage financing, never before in modern times has the U.S. been in such serious economic peril. Unprecedented times call for unprecedented action. The nation’s economy has been deflated by the real estate market, much of which has been in recession for more than a year, suffering double digit deflation in many markets. Law enforcement agents and investigators are digging through the mortgage mess, … [Read more...]

What to do When Facing Foreclosure

By Christine Hardenberger Crippled by the credit crunch and falling property values, millions of homeowners are facing the possibility of foreclosure. The delinquency rate is the highest it has been since at least 1985 when the Mortgage Bankers Association started monitoring the market place. It’s a dreadful situation for many people, who have no idea what they should do to try and save their homes. Traditionally, homeowners were advised to … [Read more...]