Wednesday Real Estate Reading

Housing Wednesday Real Estate Reading

Big Numbers Still Don’t Sway DeMarco Towards Principal Reduction – DS News

Bank of America streamlining short-sale procedures – Inman News

Bank of America says it’s makingchanges to its short-sale procedures that will shorten decision times on short sale offers to 20 days, down from 45 days or longer.

What If Housing Is Done for a Generation? – Charles Hugh Smith

A strong case can be made that the fundamental supports of the housing market– demographics, employment, creditworthiness and income–will not recover for a generation. It can even be argued that housing has lost its status as the foundation of middle class wealth, not for a generation, but for the long term.

Bank Of America Sues Itself In Unusual Foreclosure Case – HuffPo

More Memories of the Housing Bubble – Tim Iacono

DeMarco Dissects Arguments for Principal Forgiveness – Mortgage News Daily

How many borrowers who are current on their loans will be encouraged to either claim hardship or go delinquent to obtain principal forgiveness?   This is a particular concern for the Enterprises because they cannot pick and choose where forgiveness makes sense, they must develop a program that can be implemented by one thousand servicers and sellers.  The Enterprises would also have to publicly announce the availability of the program

Economy

Irish Economic Crisis Devours Restaurants - WSJ$

Mounting credit card bills drive bankruptcy boom in western suburbs - Sydney Morning Herald

George Lucas stuns Marin, pulls plug on movie studio project – Contra Costa Times

“We have several opportunities to build the production stages in communities that see us as a creative asset, not as an evil empire, and if we are to stay on schedule we must act on those opportunities,” Lucasfilm said it a statement headlined, “Lucasfilm pulls building plans out of Marin.”

Misc.

Yahoo! Layoffs a Bonanza for Recruiters in Sizzling Tech Job Market – Around Dublin

U.S. Sues Apple, E-Book Publishers Over Pricing – WSJ

Fresno Is The Most Beauty-Obsessed City In America – Business Insider

Obsessed, maybe. Beautiful, hell no.

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Greg Fielding

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gregpfielding@gmail.com

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http://gregfielding.com

J. Rockcliff Realtors

15 Railroad Avenue

Danville, CA 94526

DRE #:01397948

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About Greg Fielding

I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.I also have started to do some paid real estate consulting. If you have questions or just need some good real estate advice, book an appointment at http://whattodorealestate.com/In addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on Patrick.net. I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.


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2 thoughts on “Wednesday Real Estate Reading

  1. Pingback: Wednesday Real Estate Reading | Bay Area Real Estate Trends - Keller Williams Salisbury

  2. Tom Stone

    Nice to see BofA speeding up short sales. I wonder if it has anything to do with the high incidence of error with their foreclosures. I am also curious about whay their REO is going to small out of area brokers instead of the big specialty shops we have.Perhaps those REO specialists are asking to be indemnified against their risk when handling REO with seriously flawed foreclosures?

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