Larry Roberts real estate writing blog

Sunday, October 26, 2014

Loan Mod Default: Man refuses to sell house he couldn"t afford, complains about foreclosure

We’ve become so accustomed to foreclosures on underwater homes that we forget that’s not how it used to be. Foreclosures have always been part of the system, and prior to the housing bust, foreclosures happened to people who had equity in their properties. Foreclosures happen because...
Man refuses to sell house he couldn"t afford, complains about foreclosure

Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.

See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.

Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.

USA Housing: Award-winning realtor fouls competing house with dead rats

When people get greedy or desperate, they sometimes do foolish things. A recent LA Times article detailed the atrocious behavior of two landlords — a realtor and her husband — who terrorized tenants to induce them to move out so the landlords could make a quick buck. They cut holes...
Award-winning realtor fouls competing house with dead rats

OCHN: Riverside County Housing Market News: October 2014

Historically, properties in this market sell at a 18.5% discount. Today’s discount is 21.5%. This market is 3.0% undervalued.
Median home price is $290,100 with a rental parity value of $369,500. This market’s discount is $79,400.
Monthly payment affordability has been improving over...
Riverside County Housing Market News: October 2014

Saturday, October 25, 2014

Ponzi Debt: HELOC Abuse Grading System (redux)

HELOC abuse is one display in many of the properties I profile each day. I made my point about HELOC abuse years ago, and I originally wrote today’s post back in early 2010. No matter how many of these I profile, many readers, including myself, find these stories interesting. It’s...
HELOC Abuse Grading System (redux)

Friday, October 24, 2014

Debt Default: Allowing delinquent mortgage squatting causes more strategic defaults than crashing prices

Ever since the housing bust began, banks have been caught between a rock and a hard place. On one side, if they foreclose and liquidate their inventory, prices plummet which prompts underwater borrowers to strategically default. The downward spiral of strategic default is in clear evidence in...
Allowing delinquent mortgage squatting causes more strategic defaults than crashing prices

OCHN: Have lenders purged the Ponzis?

Delinquency rates on consumer loans hit a record low as lenders can-kick legacy loans and tighten standards to eliminate Ponzis.

The financial media is abuzz with talk about tight credit and how it must be made looser to stimulate lending and the economy. This chatter, plus lender’s...
Have lenders purged the Ponzis?

Housing Market: Lenders will target near-equity squatters for future foreclosures

Banks are letting delinquent borrowers squat rather than foreclosing on them and booting them out. At first, it was a self-preservation measure by the banks taken out of desperation when the first wave of foreclosures caused prices to crash. However, now the banks are content to allow squatting,...
Lenders will target near-equity squatters for future foreclosures

Thursday, October 23, 2014

Real Estate Loan: People with second mortgages and HELOC faced tough times

HELOC abusers and lenders face day of recast reckoning Home equity lines of credit (HELOCs) were the favored tools of Ponzis during the housing bubble. These were used like a credit card with an ever-expanding credit balance that didn’t need to be paid back because the house was paying for it. M...
People with second mortgages and HELOC faced tough times

OCHN: Regulators capitulate to lending industry lobbyists

Aligning two sets of mortgage rules established for different purposes, regulators provide room for lenders to make bad loans without risk retention.

In a complete victory for lending industry lobbyists, the Qualified Residential Mortgage rules match the Qualified Mortgage rules. The Dodd-Frank ...
Regulators capitulate to lending industry lobbyists

Tuesday, October 21, 2014

Mortgage Foreclosure: Faith in home price appreciation is religion in California

Kool aid is flowing again. Last week, I read the following comment that encapsulates the religious faith of most Californians, Besides, OC real estate has been and will continue to be desirable. It’s also very cyclical and I knew there would be another cycle coming much sooner than the bears p...
Faith in home price appreciation is religion in California

Housing Market: Rising prices stoke fears of kool aid intoxication

Everyone wants to make money for doing nothing. Learning about investing takes time and effort, and the results are far too slow to satisfy most people. Plus, you have to sell the investment and pay taxes on the gains. It’s too much hassle. Real estate is so much better. Everyone is...
Rising prices stoke fears of kool aid intoxication

OCHN: Are the GSEs returning to subprime lending?

Mel Watt announced a number of changes designed to loosen the credit box and stimulate lending. This doesn’t mean a return to subprime.

Those of us who watched the housing bubble and bust and detailed it’s causes are greatly concerned about returning to the disastrous lending...
Are the GSEs returning to subprime lending?