News Sources wrote an interesting post today on
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It was reported in Realty Trac this week that the second quarter figures are in on the continuing mortgage and foreclosure mess, and exceed by 5% the figures from summer to fall. Summer, however, actually is the highest sales month for home sales historically. The foreclosure figures to date far exceed those that are purchasing new homes at this point, except many being purchased now also by foreigners due to their higher currency exchange rates such as part time “winter visitor” purchases

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News Sources wrote an interesting post today on
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Mansoor H. Khan submits: A plan for the resolution of the insolvency of the U.S. banking system: The core problem of the U.S. banking system (and maybe the world’s banking system) is not liquidity but insolvency. The liabilities of the U.S. banking system exceed the value of its assets. The issue is not only the toxic assets (toxic mortgage backed securities, toxic commercial real estate loans, sub-prime mortgages, alt-A loans, adjustable loans likely to go bust, increase in prime

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News Sources wrote an interesting post today on
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Troubles For ‘Prime’ Borrowers Intensify – WSJ.com The mortgage-delinquency rate among so-called subprime borrowers reached 25% in the first quarter but appears to be leveling off, rising only slightly in the second quarter. The pace of delinquencies for prime borrowers is accelerating. Since prime loans account for 80% of U.S. bank exposure to mortgages and credit cards, these losses could ultimately exceed those from weaker borrowers. Debt Clouds Future of Miami’s Fabled Fontainebleau –

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News Sources wrote an interesting post today on
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Another “Don’t Ya Just Love Working For Free” Story In the minefield of residential real estate lies the ubiquitous short sale. Fundamentally, all short sales have a commonality – the market value of the property does not exceed the disposition costs plus mortgage liens and other encumbrances. A short sale requires a successful negotiation with the lien holders – and the operative word here, boys and girls, is successful . It was the summer of 2007, I found a nice big lake lot for my clie

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News Sources wrote an interesting post today on
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It is for these types of investors that the interest only mortgage options should be used. The borrowers are business people, with business plans, and sufficient knowledge on the subject of the workings of commercial and mortgage loans, to understand a good investment from a bad. The commercial mortgage industry is a giant market, and because most of the monies borrowed exceed the $100,000.00 amount, the international bank rates, or LIBOR, are used for determining the commercial mortgage rates.

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