February 2, 2012

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Groundhog Day Links

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Housing CoreLogic: House Price Index declined 1.4% in December to new post-bubble low - CR IN CASE OF SHILLER, BREAK (OUT THIS ARTICLE) – Wall Street Examiner The Housingtracker.net median listing price is the purple line in the upper part of the chart. For the first time since the housing collapse got under way it is [...]

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February 1, 2012

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Bella Homes LLC: Legitimate Way To Save Your Home? Or Scam?

An associate of mine directed my attention to Bella Homes LLC, which markets itself as a way to save homeowners from foreclosure. I took a look at their proposal and did some research. Here is what I have learned so far… About Bella Homes Bella Homes, LLC is a Multi-Level-Marketing (MLM) company that makes money [...]

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February 1, 2012

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FHFA: Investors May Pre-Qualify for Bulk REO Purchases

Quick, let’s scrape together a couple billion so we can benefit from this… From FHFA: Washington, DC – The Federal Housing Finance Agency (FHFA) today announced the first step of a Real-Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions [...]

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February 1, 2012

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Hump Day Linkfest

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Housing FACT SHEET: President Obama’s Plan to Help Responsible Homeowners and Heal the Housing Market – BARET A Bottom in the Housing Market in 2012 Is Not What You Might Think - Tim Iacono In Atlanta, Housing Woes Reflect Nation’s Pain – NY Times Yet More Mortgage Settlement Lies: Release Looks Broad, Not Narrow; Other States Screwed [...]

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February 1, 2012

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FACT SHEET: President Obama’s Plan to Help Responsible Homeowners and Heal the Housing Market

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Below is the full fact sheet of the Obama housing plan from whitehouse.gov. In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery. While the government cannot fix the housing market on its own, [...]

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January 31, 2012

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Tuesday Morning Reading (is it only Tuesday?)

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Housing Case Shiller: Home Prices at New Post-Bubble Lows – BARET Will the bubble ever burst in NYC, DC, or SF?? – Patrick.net – Interesting discussion going on here… Will the White House Move the ‘Boulder’ on Principal Write-Downs? – WSJ The administration on Friday said it would triple payments to the mortgage industry in an [...]

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