Interesting flow chart of the credit process
Mar 29
Distress creates opportunities, and last year was one of the worst periods on record for multifamily properties. The national vacancy rate hit 8% by the end of the year, up from a previous high of 7.8% in 1986. Similarly, asking and effective rents cratered at magnitudes previously unseen, both at the national and MSA levels.
Mar 29
Mar 29
Mar 28
For hundreds of thousands of homeowners who are underwater on their mortgages, it’s been a tantalizing question: Is there any way that our lender might agree to lower the amount we owe — not just the monthly payments but the principal debt itself?
via latimes.com.
Mar 28
The recovery in the housing market is at risk of collapsing.
Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go up after next week, when the Federal Reserve ends a program that has driven them down.
via NJ.com.
Mar 28
Dennis Begalke owns two rental properties along First Avenue that border the site county officials have designated for a new jail. Begalke owns just enough land there to allow him to file a protest petition objecting to the project
Mar 28
