tag:blogger.com,1999:blog-183259962012-02-01T23:37:31.380-08:00Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comBlogger601100tag:blogger.com,1999:blog-18325996.post-67353237770374558402008-12-11T07:25:00.000-08:002008-12-11T07:26:35.602-08:00

U.S. foreclosurefilings climbed 28 percent in November from a year earlier and a brewing “storm” of new defaults and job losses may force 1 million homeowners from their properties next year, RealtyTrac Inc. said.A total of 259,085 properties got a default notice, were warned of a pending auction or were foreclosed on last month, the seller of default data said in a report today. That’s the

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-60104704576581068742008-11-12T08:42:00.000-08:002008-11-12T08:44:23.898-08:00

MOUNTAIN HOUSE, California: This town, 59 feet above sea level, is the most underwater community in America.Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages than their houses are worth, according to figures released Monday. That is the highest percentage in the country. The average homeowner in Mountain House is "underwater," as it is known, by

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-8966268241652079002008-11-12T08:37:00.001-08:002008-11-12T08:37:38.342-08:00

http://www.hud.gov/foreclosure/

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-68093758133288680282008-11-12T08:36:00.001-08:002008-11-12T08:36:51.140-08:00

Reporting from Washington -- With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills.Big banks have formed an unusual alliance with consumer advocates to urge the government to allow huge portions of credit card debt to be forgiven, a turnabout from recent years, when the

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-60189711919478966382008-11-12T08:29:00.002-08:002008-11-12T08:34:38.616-08:00

With foreclosures, short sales and credit card defaults at record levels, an aggressive breed of firms has sprung up, offering to power-wash consumers' damaged credit files and boost credit scores, thus eliminating records of bankruptcies and mortgage delinquencies, even when the information is accurate.Such services -- promoted widely on the Internet and in radio ads -- are especially attractive

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-27207155864494563822008-11-12T08:29:00.001-08:002008-11-12T08:29:57.775-08:00

The amount of money U.S. homeowners pulled out of their homes remained at a four-year low in the third quarter as higher mortgage rates cut the number of borrowers who refinanced, Freddie Mac said today.Homeowners "cashed out" about $99 billion in home equity during the first three quarters of the year, the lowest since the first nine months of 2004, according to the McLean, Va.-based mortgage

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-88164164353998567782008-11-12T08:23:00.000-08:002008-11-12T08:27:33.668-08:00

As the luxury real-estate market slows to a snail's pace, real-estate brokers find themselves struggling to sell a growing number of "trophy homes" that are quietly gaining a new title: white elephants.The term hails from a legend that Siamese royalty gave albino elephants -- revered but financially ruinous to maintain -- to unpleasant courtiers. Today, the financial burden of carrying an overly

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-62438162443877704992008-11-12T08:22:00.000-08:002008-11-12T08:23:45.458-08:00

You've sent for your credit report and paid extra for your credit score. Now what?You probably sent for it because you want to know one thing: How good (or bad) is your credit?But instead of a straight answer for your trouble, your report consists of a list of current and past debts plus a number. And what that number means can vary widely."Every company sets its own criteria," says Maxine Sweet,

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-8472264577765136692008-11-12T08:16:00.000-08:002008-11-12T08:17:14.054-08:00

Reporting from Washington -- There is no question that green has captured the imagination, if not the pocketbooks, of new-home buyers. But that raises a question: What can sellers of existing homes do to compete with builders for the hearts and minds of potential green-leaning customers?As it turns out, the answer is: plenty. It's just a matter of how much money you want to spend. You can turn

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-92054694506878771622008-11-12T08:09:00.000-08:002008-11-12T08:14:35.376-08:00

NEW YORK -- A recession isn't officially a recession until the National Bureau of Economic Research says it is.You don't have to wait for them, though. The nonpartisan group often doesn't declare a recession until after it's over _ but when unemployment is high as incomes fall, you may know it's a recession long before any economic brain trust has made it official.Take, say, most of this year. If

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-67262835692248277842008-11-12T08:07:00.000-08:002008-11-12T08:09:35.923-08:00

(CNNMoney.com) -- At least 7.5 million Americans owe more on their mortgages than their homes are currently worth, according to a real estate research firm's report released Friday.In other words: If they sold their homes today, they'd have to bring a check to the closing. Ouch.Another 2.1 million people stand right on the brink, according to the report by First American CoreLogic. Their homes

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-10160201572335933142008-11-12T08:06:00.000-08:002008-11-12T08:07:01.733-08:00

Real estate specialists who view the economy on a large screen are confident that those with the nerve to buy a home in the current market will one day be glad they did—particularly if they're now able to capture a quality property in a desirable neighborhood at a bargain price."Throughout history, property markets have always gone through cycles. Buying smart now means picking one of those prime

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-78504078262762777352008-11-12T08:01:00.000-08:002008-11-12T08:04:34.733-08:00

USA TODAY-Nearly 400,000 homeowners will be able to get more affordable loans after Bank of America(BAC) agreed Monday to modify mortgages that originated with its Countrywide Financial unit. The move could be worth more than $8.6 billion and mark the largest predatory lending settlement in history.Monday's deal settles claims brought by attorneys general in 11 states that accused Countrywide —

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-82996874134945787012008-11-12T07:59:00.000-08:002008-11-12T08:00:56.496-08:00

 (Bloomberg) -- JPMorgan Chase & Co., the largest U.S. bank by market value, said it won't begin new foreclosure proceedings on some loans while it finds ways to make payments easier on $110 billion of problem mortgages.Within the next 90 days, the bank, which two weeks ago accepted a $25 billion cash infusion from the government, will examine loans and may agree to reduce interest rates or

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-17404011754563618682008-11-12T07:55:00.000-08:002008-11-12T07:57:33.692-08:00

The Federal Deposit Insurance Corp.'s program to lower loan payments for struggling borrowers with mortgages from IndyMac Bank has been lauded by consumer advocates and government leaders as a model of foreclosure prevention.But when the FDIC, which is running IndyMac, mailed out 35,000 letters offering homeowners a chance to rework the terms of their mortgages, more than half the borrowers were

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-56219185914618537102008-11-12T07:52:00.001-08:002008-11-12T07:53:17.931-08:00

WASHINGTON -- The government expects only 20,000 troubled borrowers will apply to refinance into more affordable home loans by next fall under a new mortgage aid program passed by lawmakers over the summer.The $300 billion "'Hope for Homeowners" program was launched Oct. 1. Designed by lawmakers eager to respond to the mortgage crisis, the Congressional Budget Office had projected it would let

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-90382092349737424522008-09-10T07:39:00.000-07:002008-09-10T07:41:40.856-07:00

Florida Passes Flat Fee Early Lease Termination Bill - Signed byGovernor June 10 and Effective NowA new Florida law has just been signed which amends Florida Statutessection 83.43 and 83.595.  The law can be seen athttp://www.myfloridahouse.gov/Sections/Documents/loaddoc.aspx?FileName=_h1489er.xml&DocumentType=Bill&BillNumber=1489&Session=2008 the full text of the laws being amended can be seen

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-6655687852995502562008-08-14T14:09:00.000-07:002008-08-14T14:15:35.932-07:00

The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with the same month a year ago, according to data released Thursday.Nationwide, more than 272,000 homes received at least one foreclosure-related notice in July, up 55 percent from about 175,000 in the same month last year and up 8

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-83262083452140280092008-07-21T07:16:00.000-07:002008-07-21T07:17:47.794-07:00

http://www.forbes.com/2008/07/14/housing-buyers-list-forbeslife-cx_md_0714bestbuy.html?partner=email

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-33103269275573302232008-05-14T09:06:00.000-07:002008-05-14T09:07:58.826-07:00

By MIKE BARRISForeclosure filings for April rose 65% on a year-to-year basis and 4% from March, as credit woes and tumbling home values hit homeowners, the foreclosure-listing service RealtyTrac said.RealtyTrac said there were foreclosure filings on 243,353 properties last month, which Chief Executive James J. Saccacio said was the highest since the firm began issuing its reports in January 2005.

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-76388404594089556452008-04-29T09:10:00.000-07:002008-04-29T09:14:11.712-07:00

More than 155,000 families have lost their homes to foreclosure this year; one out of every 194 U.S. households received a foreclosure filing.Foreclosure filings in the first three months of 2008 rose more than 112% over last year, according to a study released Tuesday.Real estate information firm RealtyTrac reported that nearly 650,000 foreclosure filings - which include notices of default,

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-406135129357994522008-04-29T08:44:00.000-07:002008-04-29T08:45:12.423-07:00

http://www.forbes.com/lifestyle/2008/04/17/debt-homeowner-cities-forbeslife-cx_mw_0417realestate_table.html

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-55492284625432706372008-04-29T08:39:00.000-07:002008-04-29T08:44:14.517-07:00

Matt WoolseyIt's no secret that homeowners with subprime mortgages have taken a beating.Next up: those who have combined their mortgages with home equity loans, second loans or both.These combinations spell especially bad news for homeowners in Sacramento, Calif., San Diego, Washington, D.C., and Colorado Springs, Colo., markets with some of the nation's highest concentrations of homeowner debt.

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-9845779405381388592008-04-15T09:40:00.000-07:002008-04-15T09:47:28.478-07:00

By Lynn AdlerNEW YORK (Reuters) - Home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions soared 129 percent from a year ago, as homeowners struggled to make mortgage payments, real estate data firm RealtyTrac said on Tuesday.For the month of March, foreclosure filings, default notices, auction sale notices and bank repossessions rose 5 percent, led

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-56790348744005946392008-04-09T07:07:00.000-07:002008-04-09T07:11:32.673-07:00

By Amy Hoak, MarketWatchCHICAGO (MarketWatch) -- Mortgage application filings rose a seasonally adjusted 5.4% last week compared with the last week of March, the Mortgage Bankers Association reported on Wednesday.Interest rates charged on fixed- and adjustable-rate mortgages increased across the board.Applications for the week ended April 4 were up 10.9% compared with the same week a year

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-44828888174686242682008-04-08T11:30:00.000-07:002008-04-08T11:33:02.242-07:00

by Christopher PalmeriTroubled thrift giant Washington Mutual (WM), once one of the biggest players in residential mortgages, will stop making loans through independent mortgage brokers—what the industry calls the "wholesale" side of the business. Instead the company will focus on loans through its 2,200 retail bank branches.WaMu also announced on Apr. 8 that it will receive a $7 billion cash

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-66433455145556568912008-04-04T06:47:00.000-07:002008-04-04T06:48:49.377-07:00

The Associated PressPublished: April 4, 2008WASHINGTON - Republicans and business-friendly Democrats on Thursday scuttled a plan to give people threatened with losing their homes more leverage in winning favorable loan terms from their lenders in bankruptcy courts.The Senate killed the bankruptcy plan by a 58-36 vote on a bill designed to boost the slumping housing market.The Democratic-backed

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-45983290065871353432008-03-26T09:02:00.000-07:002008-03-26T09:05:13.760-07:00

(AP) Republican John McCain said Tuesday that government isn't in the business of saving and rewarding banks or small borrowers who behave irresponsibly though he offered a few immediate alternatives to fixing the growing housing crisis."I will consider any and all proposals based on their cost and benefits," the certain GOP presidential nominee, who has acknowledged in the past that the economy

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-5649344739929448012008-03-26T08:04:00.000-07:002008-03-26T08:05:30.777-07:00

(CBS/AP) After falling for six straight months, sales of existing homes posted an unexpected increase in February which may have reflected more aggressive price cutting by sellers in some parts of the country, a real estate trade group reported.The National Association of Realtors said that sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual rate of 5.03

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-52642985827193887062008-03-26T08:01:00.001-07:002008-03-26T08:03:46.275-07:00

(CBS/AP) Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report, and sent the Dow Jones industrial average nearly 190 points.JPMorgan boosted investors' optimism by

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-19663319231286157952008-03-25T09:09:00.000-07:002008-03-25T09:10:02.415-07:00

http://www.cnn.com/video/#/video/us/2008/03/14/lawrence.burning.homes.cnn

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-16367633288909137742008-03-25T09:00:00.000-07:002008-03-25T09:05:03.421-07:00

Some say Countrywide Financial executives helped destabilize the mortgage market by lowering lending standards and using shady sales policies. But should these same execs now try and fix this mess?That's the question on some analysts' minds after investment management firms BlackRock (nyse: BLK - news - people ) and Highfields Capital Management announced they are funding a venture, which will be

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-60681861653994230572008-03-25T07:35:00.000-07:002008-03-25T07:36:53.075-07:00

WASHINGTON (Thomson Financial) - The collapse of US home prices was spread across the whole country according to the S&P/Case-Shiller Home Price Indexes released today.The January 20-city price index was down 10.7 pct from the year before, in line with expectations of a 10.5 pct decline. The January-to-December decline was 2.4 pct.The 10-city composite index, which contains more of the large '

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-28470091326638446932008-03-13T11:18:00.000-07:002008-03-13T11:20:46.196-07:00

By Alan Mirabella and Sharon L. Lynch March 13 (Bloomberg) -- U.S. home foreclosure filings jumped 60 percent and bank seizures more than doubled in February as rates on adjustable mortgages rose and property owners were unable to sell or refinance amid falling prices.More than 223,000 properties were in some stage of default, or 1 in every 557 U.S. households, Irvine, California-based RealtyTrac

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-22448243440370374312008-02-14T11:03:00.000-08:002008-02-14T12:30:08.756-08:00

By Ben Rooney, CNNMoney.com staff writerFebruary 13 2008: 6:18 AM ESTCurrent Home Equity RatesNEW YORK (CNNMoney.com) -- Rust Belt and Sun Belt cities led the nation in metro-area foreclosure rates for 2007, according to a new report released Wednesday.Detroit led the list with nearly 5% of its households entering some stage of foreclosures, which is 4.8 times the national average, according

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-28579678957235994032008-02-12T10:41:00.000-08:002008-02-12T11:13:36.813-08:00

by Dean Foust and Aaron PressmanFrom humble beginnings in 1956, Fair Isaac Corp.'s credit score— developed by engineer Bill Fair and mathematician Earl Isaac to help banks and department stores calculate their customers' creditworthiness—has come to loom over consumer finance like no other statistical measure ever has. The ubiquitous three-digit FICO score now helps determine everything from the

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-19491532208877224802008-02-11T17:14:00.000-08:002008-02-11T17:21:39.215-08:00

By Tomas Roman SAN LEANDRO, CA (KGO) -- Getting a break from your lender may be more easily said than done.According to RealTytrac, which keeps tabs on foreclosures, default notices, auctions and bank repossessions, activity shot up 33-percent last month.And that brings the total number of foreclosure filings in California for the year, to more than 2.2 million. That's a 238-percent increase from

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-30579606855739317062008-02-07T08:10:00.000-08:002008-02-07T08:12:05.789-08:00

http://www.foreclosurepulse.com/photos/foreclosurepulse_photos/images/4867/original.aspx

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-8491879445464227242008-02-04T12:36:00.000-08:002008-02-04T12:45:35.081-08:00

Worried Sellers SplurgeOn Home RenovationsBy June Fletcher From The Wall Street Journal Online Christina Lee just spent $150,000 to remodel her house -- for a stranger.Ms. Lee has lived in her 19th century New York City brownstone for nearly three decades and in that time did just one major upgrade -- a $25,000 makeover of a kitchen 13 years ago. Now, the attorney wants to relocate her law

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-7752744430393312762008-01-31T22:38:00.000-08:002008-01-31T22:39:56.306-08:00

Bush: Stimulus Package By Henry J. PulizziOf DOW JONES NEWSWIRESWASHINGTON -(Dow Jones)- U.S. President George W. Bush praised House lawmakers for agreeing on measures to boost the flagging U.S. economy, saying the stimulus package unveiled Thursday is "effective, robust and temporary."Bush, in brief remarks on the stimulus, called on the House and Senate to pass the package as soon as possible."

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-81238935713739390232007-12-17T22:23:00.000-08:002008-01-31T22:25:32.994-08:00

Monday, December 17, 2007Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®CA COURT STRIKES DOWN BOND REQUIREMENT FOR HOME EQUITY SALES CONTRACTThe bond requirement for buyers' agent under the home equity sales contract law is unconstitutionally vague and unenforceable. That was the decision of a recent appellate case Schweitzer v. Westminster Investments, 2007 WL 4340853 (filed December

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-7216317832820122992007-04-11T09:57:00.000-07:002007-04-11T10:11:59.282-07:00

Florida foreclosures lead nationState's filings were way up in February over last year. California and Arizona also showing strain.By Les Christie, CNNMoney.com staff writer.March 26 2007: 6:04 AM EDTNEW YORK (CNNMoney.com) -- The once red-hot Florida housing market leads the nation in delinquencies, according to the latest report on foreclosure filings from RealtyTrac, an online marketer of

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-9235478129343459852007-01-19T14:21:00.000-08:002007-01-19T14:24:04.217-08:00

Where'd Everybody Go?by Broderick PerkinsRealty TimesJanuary 16, 2007Americans were more likely to pull up roots in the Northeast and across the Rust Belt and put down stakes in the West and Southwest last year, according to a migration study by the nation's largest mover. St. Louis, MO-based United Van Lines' "2006 Migration Study" of 227,254 interstate household moves in the 48 contiguous

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-51408251277727283212007-01-18T14:59:00.000-08:002007-01-18T15:02:51.135-08:00

CNN 01/17/2007New York 4,690 in December1 in 1,637 homes+ 5.0% over last year"4.7% of all US foreclosures were in NY"New Jersey 3,865 in December1 in 856 homes+44.76% over last yearCNN 01/17/2007"Doug Duncan, chief economist for the Mortgage Bankers Association, estimates that $500 billion to $800 billion in loans outstanding went to borrowers who will face difficulties.""Americans continue

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1155625798657522992006-08-15T00:06:00.000-07:002006-08-15T00:09:58.660-07:00

“The intent of the new law is to force more filers into Chapter 13 plans. These plans require more filers to make payments to their creditors as opposed to a Chapter 7 filing that completely discharges their debt,” said Jeffery Freedman, senior partner at Jeffery Freedman Attorneys at Law, according to Buffalo Business First.The legislation provisions allowing for six months of pre-bankruptcy

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1155625413693958612006-08-15T00:02:00.000-07:002006-08-15T00:03:33.693-07:00

Bankruptcy Filing Reports Paint Misleading PictureJuly 19, 2006 Posted By Tiffany Sanders J.D. http://blog.totalbankruptcy.com/Since the first quarter 2006 bankruptcy statistics were released, newspapers across the country have been headlining stories with lines like "Bankruptcy Filings Plummet!", but the comparison of 1st quarter 2006 statistics with 1st quarter 2005 statistics paints a very

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1155625220383302422006-08-14T23:58:00.000-07:002006-08-15T00:00:20.386-07:00

August 08, 2006Bankruptcy in the Wake of Katrinaposted by Rafael Pardo http://www.concurringopinions.comI’ve recently been thinking about the difficulty researchers will face in studying Hurricane Katrina’s effects on bankruptcy filing rates in New Orleans. A couple of weeks ago, over at Credit Slips, Bob Lawless (University of Illinois) discussed the importance of extending credit relief to

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1155624863852382522006-08-14T23:52:00.000-07:002006-08-14T23:55:45.530-07:00

Bankruptcy Filings are on the RiseAfter experiencing a sharp drop in the first quarter of 2006, the rate of bankruptcy filings has begun to rise. The lull in late 2005 and early 2006 is thought to be a result of tough new bankruptcy legislation. Given the recent uptick, however, it looks like the bankruptcy legislation did little more than temporarily stall the flow of new filings.On average, 1

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1155624252850330432006-08-14T23:41:00.000-07:002006-08-14T23:44:12.863-07:00

Bankruptcy filings slow to trickle; lull not expected to last... According to the U.S. Bankruptcy Court, District of Kansas, the number of bankruptcy filings between November 2005 and February 2006 dropped 82 percent from the same period a year ago: 785 compared to 4,336 between November 2004 and February 2005. The number of filings began their steep fall after a new federal law went into effect

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1152574240120690582006-07-10T16:28:00.000-07:002006-07-10T16:32:00.313-07:00

Are you ready for the "Perfect Storm" of foreclosures?"It is clear that many homeowners, especially those with adjustable rate mortgages, are being pushed closer to the edge as interest rates rise at such a consistent clip," said a ForeclosuresMass.com executive in the announcement. "We may be witnessing a 'perfect storm' scenario where a flat real estate market, higher interest rates, rising

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1147118985768247612006-05-08T13:07:00.000-07:002006-05-08T13:25:50.963-07:00

I was reminded today how important it is to do your research before leaving your house to look at a potential purchase.I received a call from a new real estate investor who told me he had a pre-foreclosure deal that he could not fund. He asked if I was interested in taking over the transaction from him.He told me that the house was worth $350,000.00. The house is in a nice section of town, so it

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1146609751513755892006-05-02T15:42:00.000-07:002006-05-02T15:42:32.130-07:00

by the Associated PressPublished April 29, 2006NEW YORK - In what could be a crack in the housing market's sturdy foundation, the number of foreclosed homes put up for sale rose 50 percent between February and March, according to a new study by Foreclosure.com.The increase is one of the biggest monthly spikes Foreclosure.com has seen since it began tracking the market in 1999, according to Jim

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1138225545455334902006-01-25T13:39:00.000-08:002006-01-31T16:08:23.766-08:00

National Real Estate Foreclosures Up in 2005Florida, Colorado, Utah post highest foreclosure rates Reprinted from Inman NewsMonday, January 23, 2006--------------------------------------------------------------------------------National real estate foreclosures increased in every quarter of 2005, according to an industry report released today.RealtyTrac, which provides an online marketplace for

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1137546409294003182006-01-17T17:03:00.000-08:002006-01-17T17:17:14.160-08:00

South Drives Foreclosure Spike24,124 foreclosures started in DecemberJanuary 13, 2006 release by Foreclosure.comAs new foreclosures rose during December, the inventory jumped by the highest amount since March 2005. Foreclosure.com announced Wednesday that 24,124 U.S. residential properties joined the foreclosure list last month, 8 percent more than in November.The total number of foreclosed homes

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1136913585505389832006-01-10T09:17:00.000-08:002006-01-10T09:19:45.723-08:00

Anatomy of a DealFrom the Down and Dirty to the Nitty-Gritty andHow to Analyze a Deal in Thirty SecondsMany students get “stuck” somehow when they leave a seminar or finish a home study course. They are unable to go out and make their first deal. I think it is mostly fear – fear that they do not know enough, fear of losing money, and fear of change – even if that change is success. Stories of

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1133128897229505532005-11-27T13:54:00.000-08:002005-11-28T18:18:59.626-08:00

Real estate investors seem to have an insatiable curiosity about how to protect their assets. New investors sometimes get so hung up on deciding between the many options they never get around to investing.No doubt it is a confusing mess. There is a whole alphabet soup of entities to choose between…LLC, LP, FLP, “S” corporation, “C” corporation, trusts, general partnerships…They all sound so

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1132355063171953572005-11-18T14:39:00.000-08:002005-11-22T13:44:23.573-08:00

There are new laws being passed in many states including California, Minnesota, Texas, Georgia, and other states.The laws are deadly serious. One investor was fined and sued for nearly $3,000,000 and despite spending over $400,000 on attorney's fees to defend himself, he lost everything he owned!! He lost his business, his own home, and was enjoined (forbidden) from ever speaking to homeowners in

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1130963547558354612005-11-02T11:43:00.000-08:002005-11-28T18:25:30.676-08:00

Holy COW!!! One of the sacred cows of the American system of taxation being discussed as a candidate for slaughter to the cash hungry United States Government...That sacred cow is the MORTGAGE INTEREST DEDUCTION!!! Almost as sacred as social security, this deduction allows most taxpayors who itemize to deduct the interest paid on first and second homes from their taxes on Schedule "A" of their

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1130355582013776292005-10-26T12:24:00.000-07:002005-10-26T12:39:42.066-07:00

Pleading and local rules demand different documents for each state and in some states they are different for each County within the State. In addition the form of response is different in state court (regularforeclosures) and federal court (some governmental agency foreclosures).If you start answering complaints on behalf of homeowners you will be practicing law without a license. You will also

Bob Diamondhttp://www.blogger.com/profile/01581453910231934845noreply@blogger.comtag:blogger.com,1999:blog-18325996.post-1130353965004614612005-10-26T12:07:00.000-07:002005-11-28T18:17:10.646-08:00

The complete set of foreclosure strategies are buying notes, mortgages and judgments, short sales, taking under and subject to, and straight equity purchases. We covered all of those topics at the Orlando seminar.The "magic" in my business is taking those techniques (often incombination) and applying them to a specific homeowner's situation.Once you know the strategies (or at least know they

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