Understanding the Foreclosure Auctions
February 22, 2008 by Jonbenya · Leave a Comment
The Washington Post just posted an article titled: "Foreclosure Auctioneer’s Lonely Task". It’s an interesting read, even if it’s a bit theatrical. There was a quote in there that I found particularly striking:
"Banks don’t want your house; they want your money. They want to work with you so you can keep your house. With the [...]
Another "Finger in the Dike" Solution to the mortgage crisis: Project Lifeline
February 12, 2008 by Jonbenya · Leave a Comment
Project Lifeline has been formally announced, and it’s being touted as another way for homeowners to avoid foreclosure. Like it’s counterpart, Hope Now, Project Lifeline is another "relief" program designed to soften the economic impact of the sub-prime mortgage crisis.
Here’s what was announced on the AP News Wire:
Homeowners threatened with foreclosure [...]
Worried About a Short Sale? Good News!
Are you in the midst of a short sale, or about to do one, and worried about the associated tax burden that goes along with it? There’s so good news for you, thanks to a bill signed yesterday, the first GENUINE relief for homeowners trying to avoid foreclosure.
Yesterday, President Bush signed [...]
Michael Vick's Home Fails to Sell
December 16, 2007 by Jonbenya · Leave a Comment
Now here’s a surprise…. Michael Vick’s Virginia Home, where his now infamous dog fighting compound was located, failed to sell at auction this week. Turns out that people weren’t interested in running up the price because of it’s notoriety.
Here’s the back story: Vick sold the home for $450,000 to a real estate investor shortly after [...]
A Father's Christmas Wish Comes True Thanks to The Washington Ballet!
December 8, 2007 by Jonbenya · Leave a Comment
I love seeing genuinely touch moments, and last night I was witness to a heartfelt moment I’d like to share with you all. I was at the opening night of the Washington National Ballet’s production of The Nutcracker, currently playing at the Warner Theatre, and prior to the start of the performance the artistic director, [...]
Homeowners See Possible Relief…. Pros & Cons Abound
December 7, 2007 by Jonbenya · Leave a Comment
The cat is out of the bag, and it looks like there may be help for people who are facing unmanageable ARM’s. Now *some* people with these sub-prime mortgages can get their teaser rate frozen for 5 years in order to avoid impossible payments.
The New York Times has a good article [...]
