Fifteen to twenty thousand dollars in repairs because thieves stole $40 worth of copper? Ouch. That was a bit more than I would have guessed. Maybe a couple thousand at the most to repair a wall or some floors? Not $20,000!
Very costly repairs like this will drag down housing prices further. […]
Vacant home burglaries result in costly repairs
July 23rd, 2008 · No Comments
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Hey, at least you can get a free drink
July 16th, 2008 · No Comments
Capitalism at its finest.
Restaurants are feeling the pain with $4 gas and tightening pursestrings, so they’re sharing the pain by offering “recession specials” — slightly cheaper offerings to help strapped clients enjoy some of the finer things. These deals aren’t really that great compared to cooking in but it’s better than no discount at […]
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Luxury homes see a big jump in foreclosures
July 4th, 2008 · No Comments
This is just for the Dallas-Fort Worth area but the number of foreclosures filed against $1-million-plus homes more than doubled this past year. One hundred twelve percent higher for the first six months of this year compared to last year, to be exact.
As for slightly less-expensive homes, the increases in foreclosure filings were still […]
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Albany’s “foreclosure intervention” bill confuses me
June 18th, 2008 · 3 Comments
There’s legislation ongoing in Albany, NY, that will allow judges to postpone foreclosure proceeding and modify interest rates on mortgage notes of subprime borrowers. The Wall Street Journal contends in an editorial that this is “pols … taking a whack at bank balance sheets” by giving judges the authority to put off foreclosure proceedings […]
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You may already have won a foreclosure!
June 5th, 2008 · No Comments
Who would’ve thought it? Ed McMahon is in default on his Beverly Hills home. Star searches these days reveal rich-and-famous folks getting behind on their payments.
I’ve watched lots of shows with Mr. McMahon, including TV’s Bloopers and Practical Jokes, Star Search, and of course The Tonight Show and it is a bit sad […]
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HUD tips for avoiding foreclosure: Part 3
May 24th, 2008 · 1 Comment
The US Department of Housing and Urban Development has some good advice for people that are in danger of losing their home through foreclosure. Here are the last three tips from that list, with some discussion.
Use your assets. “Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for […]
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Losing one home is bad enough
May 14th, 2008 · No Comments
How about losing nine homes to foreclosure?
Ouch. It must be harsh to go from $800k in stock options to losing that, your home, your car, and your credit rating. And having a newborn on top of that.
Shawn Forgaard went in full steam to real estate hot spots, financed them with a lot of […]
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“And on your right we have this beautiful three-bedroom…”
May 8th, 2008 · No Comments
Banks are hurting as foreclosures turn into non-performing and expensive real estate owned. Homeowners are hurting because they’re losing equity, or losing their homes and their credit rating. Neighbors are hurting because their property values are getting dinged, even though they’re paying their mortgage on time. Cities are hurting because vacant homes […]
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Interview with Larry Winget on the foreclosure flood
May 5th, 2008 · 2 Comments
JLP of All Financial Matters had a six-question interview on the housing crisis with reality TV host, speaker, and author Larry Winget. Mr. Winget hosts the A&E show Big Spender and has written several books on personal finance, the latest of which is You’re Broke Because You Want to Be.
Mr. Winget maintains that the […]
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Carnival participation for this past week
May 5th, 2008 · No Comments
Living After Foreclosure was featured in last week’s Carnival of Personal Finance, which was held over at Lazy Man and Money. The article submitted discussed how we now have to worry about our neighbor’s finances now that foreclosures are getting more common, because a sinking tide lowers all ships.
Thanks Lazy Man for including my […]
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