Well the inevitable has happened! Homeowners who received home loan modifications in the past several years are beginning to default on their modified loans at an alarming rate. In fact the pattern of homeowners going from default to modification then back into default is becoming so prevalent that society has seen fit to give it […]
Category: Politics & Econ
Bank of America Encouraging Employees to Delay Modifications and Foreclose
Well it seems that what we all suspected was in fact true! According to a former Bank of America employee, Loss Mitigation Specialists were told to delay the Home Affordable Modification Process (aka HAMP) and were even given bonuses for foreclosure initiations!
Investors Help Boost Southern California Housing Market!
Southern California housing market continues to improve as investors dominate the market.
Texas Hold’em Poker Tournament on June 13th!
JOHNHART REAL ESTATE AND TOYSFORTEENS.ORG TO HOST A TEXAS HOLD’EM POKER TOURNAMENT BENEFITING TEENS WITH CANCER AT CITY OF HOPE HOSPITAL.
Glendale School Boards Newest Member: Dr. Armina Gharpetian
Yes, folks, you are reading this correctly! Dr. Armina Gharpetian has won her election to the Glendale School Board! After her informative Q& A session over here at JohnHart Real Estate, on March 27th, she went on to win the race, and we are all very happy and proud of her. Below are some of […]
Examined: Real Estate Or Stocks In 2013?
Everyone over the age of twenty has heard the saying “Buy land, God isn’t making any more of it” before, which does a great job of pointing out the supply issues of a gradually overcrowding planet, but is real estate really a better investment than the stock market when it comes down to dollar for dollar […]
Mortgage Debt Forgiveness Act Extended Through 2013 for Short Sales!!!
It was just announced that the Mortgage Debt Forgiveness Act will be extended through 2013!!
Does A Second Term Mean A Second Chance For The Housing Market?
Before we begin I am going to ask that all of you do as I did when sitting down to write this article: clear your mind of political affiliation/bias, and look at the facts as objectively as possible. Whether you are a fan of President Barrack Obama, or absolutely loathe him, is neither here nor […]
This Month in Finance: Good vs. Evil
The story for this month, in finance, is one foretold. Nay, it is a continuation of a story that has been unfolding for several months now. It is a classic good vs. evil battle, and the characters are “all-time low interest rates” and the “inability to access funds”.
Guess Who Is Betting Big On Short Sales? The Government!!
Earlier this week, the FHFA (Federal Housing Finance Agency) managed to get a set of new “short sale guidelines” passed by Fannie Mae, Freddie Mac, and the Mortgage Insurers with which they work. While this is great news on the surface, what does it really mean to distressed homeowners?