Even as the economic conditions appear to be stabilizing,the rate of borrowers defaulting on their mortgages goes unchanged. These unprecedented times have resulted in a diverse group of people working together to devise solutions. One of the main obstacles to dealing with homeowners facing foreclosure has been a lack of standard process and [...]
Posts under ‘Housing’
Local Housing Market – A view to the future
I thought I’d share some of my opinions about the future direction of real estate in our area and some of the influences that will have an effect on that direction. As everyone knows there have been recent declines in property values. In many locations the finished product, an existing house, can sell [...]
Foreclosure; my view of the solution
In order to resolve the foreclosure crisis in this country, we need to spend less time addressing the symptoms and more time understanding and addressing the root causes. The primary symptom that is being addressed is the amount of non-performing assets on the books of banks and investors: you know, the so-called toxic [...]