By The Tim on June 25, 2009
I’m starting to sense something of a theme in some recent news pieces about the housing market. Consider the following quotes from two recent articles (emphasis mine).
Reuters, June 22:
Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the [...]
Posted in Opinion | Tagged appraisal, Appraisals, recovery, regulation, Reuters, Seattle_PI
By The Tim on May 1, 2009
Two good news stories on the national front that are worth sharing this morning.
Story 1: Senate Defeats Mortgage ‘Cram-Down’ as Democrats Balk
The U.S. Senate rejected a measure that would let bankruptcy judges cut mortgage terms to help borrowers avoid foreclosure, a victory for banks and credit unions that said the legislation would increase loan costs.
The [...]
Posted in News | Tagged appraisal, Appraisals, bankruptcy, banks, Bloomberg, cramdown, foreclosures, government_meddling, principal, Wall_Street_Journal
By S-Crow on April 11, 2008
For many newer homeowners, this is the first correction they have experienced. I’ve been asked a question about short sales in an e-mail. It is a good question for both agents and appraisers to answer. It is presented as follows:
Appraisers, please chime in.
Fake Scenario: A home is sold [...]
Posted in Opinion | Tagged Appraisals, Distressed sales, short sales
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