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If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!There seems to be no doubt that active government intervention may be forestalling the free market system in the housing market. Need a refresher, the $8000 first time homebuyer tax credit, the federal reserve buying mortgage backed securities, 90 day [...]
Back in 1849 when gold was discovered in California, the news spread quicker than fire in the Angeles forest. People from all over the country were packed and headed to California in search of finding the fortune that had alluded them for so long. In 1849, I don’t think we had Facebook or Twitter and [...]
Many of the programs designed to help homeowners in distress have provided less than satisfactory results. Some of the qualifications needed to restructure or modify a loan have come with fine print that have proven to be more well intentioned as opposed to actually helping the people they were designed to benefit.
Adding to the stress [...]
The number of foreclosure filings in the City of Pasadena has been increasing as it has just about everywhere. Having said that, it does not necessarily mean however that more people are losing their homes. I know that seems like a contradiction and almost sounds like political doublespeak. Let me see if I an explain [...]
The number of homes approaching foreclosure in Pasadena is approaching 700 and has been steadily rising for the past several months. As the moratoriums on foreclosures comes to an end, as homeowners exhaust all possibilities to keep their homes, it seems inevitable that the foreclosure rate will keep rising and rising for some time.f there [...]
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