Nashville TN & Middle TN Short Sale Help & Foreclosure Help

James, this post is pretty excellent huh, especial...

2010-01-22T02:29:31.309-06:00

James, this post is pretty excellent huh, especially this one: "Reasons why you would need to do a real estate short sale include losing your job, having your income reduced, illness, health problems, adverse business conditions, slow sales, loss of investment property tenants, vacancy issues, lack of funds to complete the project, feuding business partners, etc." This is very true.

Unfortunately, mortgage securities are becoming le...

2009-10-26T15:37:39.204-05:00

Unfortunately, mortgage securities are becoming less attractive to loan investors due to the government's Home Affordable Modification Program (HAMP). HAMP is making it inpossible for loan investors to accurately determine what mortgage securities will yield since they are subject to re-writing. My prediction is that once the government pulls out of the mortgage market rates will skyrocket.

It will be interesting to watch mortgage rates whe...

2009-10-26T14:09:21.974-05:00

It will be interesting to watch mortgage rates when the Fed inevitably withdraws market support. Maybe other investors will pick up the slack since triple A ratings on mortgage securities should now be more trustworthy.

The tax credit will cause a drop off. How much is...

2009-10-16T12:54:34.095-05:00

The tax credit will cause a drop off. How much is not known. However, with all the clamor from mortgage and Realtor groups it is likely that the tax credit will be expanded. When that expanded tax credit expires there will be a larger drop off. The point of all this is that the more the government tries to artificially prop up the real estate market, the more it will crash when that propping is removed. We know that the government cannot afford to prop up the market forever so the crash is inevitable.

for sure the three things listed will really crush...

2009-10-16T12:23:08.466-05:00

for sure the three things listed will really crush the market, specially the job losses and the foreclosure rise. The credit expiring in november will affect, but I don't see in a great way

It's pretty much a given that foreclosures were go...

2009-08-26T14:55:44.612-05:00

It's pretty much a given that foreclosures were going to see a substantial increase on a year to year basis. Still, the news is distressing.

Buying a house changes your life. There are many p...

2009-08-10T08:27:34.603-05:00

Buying a house changes your life. There are many people out there to help first time homebuyers get a home mortgage. It is an exciting time; enjoy this new experience.

Interesting! The loan modification process can be...

2009-08-05T05:33:15.638-05:00

Interesting!

The loan modification process can be frustrating and confusing for many distressed homeowners. But you have to know what exactly is loan modification. A loan modification is a permanent change in one or more terms of a borrower's home loan.

Thank you for your comment. Please see my US Trea...

2009-03-16T16:47:00.000-05:00

Thank you for your comment. Please see my US Treasury plan in an earlier post for a less costly solution to the problem which does not entail taking more on debt. My view is that government cannot create jobs. It only incurs future obligations (that we will have to repay) in exchange for short term "jobs". It would be far cheaper just to give people money. Also, the funding for the infrastructure jobs will not help the economy much. Most projects will not start for 2-3 years and the ones that are shovel ready are only funded about 40% by Obama's plan. Where are the states going to get the additional money to pay the costs? Beyond that the stimulus plan only pays for the government jobs for 2-3 years leaving the states with a huge unbudgeted burden when the federal money runs out.

My greater concern is the general anti-business approach taken by the Obama administration with goals of expanding unions and government control. That will further compound an already tough situation.

I agree with your assessments of the US economy an...

2009-03-15T17:29:00.000-05:00

I agree with your assessments of the US economy and what led to the current situation. However, more debt is necessary to prevent the situation from worsening. Our economy has been based on tomorrow's money for a while. Now tomorrow is today and we don't have any money because we spent it yesterday. The economy must contract to the appropriate size. Since we have created debt obligations based on good times the debt will likely go unpaid and the banks will suffer further. The government must spend money on infrastructure and many other b.s. projects to try to make up for the jobs that have/will be lost. Without government to pick up the slack, the job losses would spread further due to decreased demand and the cycle would continue.