Best Performing Loans Report

by Blanca on April 2, 2009

This report dated March 12, 2009 shows the best performing loans at Banks and Thrifts in 2008. It is divided by class from commercial loans to credit card debt.

Commercial loans are the best performing loans held by banks even though the percentage is on the rise for 2009.

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Obama’s Plan to Unload Assets

by Blanca on April 2, 2009

Here is a short video of Obama’s plan for the banks to unload assets that are in foreclosure.

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Florida Bar Issues Ethic Alert

March 27, 2009

With the proliferation of loan modification companies offering services to help a homeowner who is in pre-foreclosure, there will always be scams. Some companies are legitimate. Attorneys are the only ones legally to charge a fee.
Read this article from the Florida Bar which sent out an ethics alert to all Attorneys warning them that they [...]

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Bernake Announces Steps to Shake Economy

March 20, 2009

When is this going to end? Glenn Beck from Fox news said recently that this is not an economic crisis. He said it is a confidence crisis. What is it going to take to get back on track.  This article states that the recent loans issued are half refinances and half purchases. However, the confidence [...]

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Miami is Top in Mortgage Foreclosures

March 9, 2009

According to Mortgage Bankers Association Chief Economist, only 40% of mortgages in the state of Florida are current. That means that six out of ten are behind on payments. I do not see the bottom in the next six months.

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Obama Signs the Stimulus Plan

February 17, 2009

Today Obama signed the stimulus plan. The statistics for foreclosures looming ahead in the next two years look pretty bad. Let’s hope this will help. I know it is alot of money and the next generation is going to pay a big price for this. But hopefully, we can create a turnaround, even though it [...]

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Link to Mortgage Debt Forgiveness Act

November 13, 2008

Here is a link on the Internal Revenue Service page which explains the Mortgage Debt Forgiveness Act passed December, 2007. The lender that forgives a portion of the debt owed on a mortgage will issue a 1099 to the homeowner. For example if you owe 300,000 and the property is sold for $250,000, the lender [...]

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Fannie Mae and Freddie Mac Sponsered Programs

November 12, 2008

This is a good sign that the banks are going to be communicating more with homeowners. Banks will be paid $800 per file to help homeowner’s who qualify rework some loans through loan modifications. The homeowner has to have decent income to qualify. The homeowner may be in pre-foreclosure stages. I believe one of the [...]

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Map of States in Recession compared to last year

October 24, 2008

This video shows a map of the 27 states that are in recession right now.  6-9 months ago there were only 5, of which Florida was one of them. According to the National Association of Business Economics, housing prices in the real estate market will bottom mid 2009.

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Miami Commercial Real Estate

June 25, 2008

Miami Real Estate
Research on Miami Commercial Real Estate shows improvement over the years.
For commercial real estate market the indicator is change recorded by the Brokerage Activity.
If you look at the Miami Commercial Real Estate, the Brokerage activity has increased in the last six quarters. This is a consecutive increase without a break.
National Association of Realtors [...]

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