A San Diego investigative reporter, John Mattes, is assaulted while investigating a story uncovering an “alleged” real estate fraud ring. Apparently, the ring leader was very pissed off that he was found out. The scam involved buying property with other peoples stolen identities. Check out the video and how the guy’s wife (a real gem)also…
Author: S-Crow
"S-Crow" (Tim Kane) is co-owner (with spouse Lynlee, LPO-Designated escrow Officer) of Legacy Escrow Service, Inc., an authentic independent escrow firm closing residential purchase/sale and refinance transactions.
There are a lot of people in real estate
Today I spent a lot of time finishing up loose ends due to my procrastination in preparing for my kids going back to school tomorrow. I was buying clothes, socks, shoes and a ton of school supplies. Why can’t my kids use some of the old stuff from last year? Anyway, after waiting for just…
CNBC : Online housing searches indicate bounce
CNBC’s Jane Wells is reporting that Internet data miners indicate the online search queries for “homes for sale” is up 42%, suggesting that the housing market is poised to pick up. The reader who e-mailed me this article suggests maybe that the opposite is true. People are searching to see what homes are listed for…
Lender Tightening within 60 days?
From today’s information at Calculated Risk Blog. It appears that federal regulation regarding non-traditional mortgages may be in place within 60 days. If this ends up having any teeth at all, it could make it more challenging for borrowers to qualify for interest-only loans or pay-option loans. As one blogger responded: “talk about rearranging the…
Lawrence Yun is back
From the New York Times today- “‘Certainly, the housing market is undergoing a measurable adjustment,’ Lawrence Yun, senior economist with the Realtor association, said. The bloated inventory levels, Mr. Yun said, indicate ‘a very sudden change which I have never seen before.’” -Lawrence Yun, NAR economist. Earlier this year, he mentioned that he expected Seattle…