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From Housing Doom - view blog entries - visit this blogJuly 3, 2008 at 11:07 pm ET
For more than two years, the skeleton of the Elevation Chandler project has stood near the Chandler Fashion Mall, a monument of sorts to the late, great real estate market in Phoenix. Now it looks ... ( more)
From Housing Doom - view blog entries - visit this blogJuly 3, 2008 at 3:01 am ET
M is feeling a bit smug on this one. He thought sales would be up year-over-year this summer, and it looks like he’s right. Unlike the reports done by Dr. Jay Butler of ASU’s Realty ... ( more)
From Housing Doom - view blog entries - visit this blogJuly 2, 2008 at 9:10 am ET
The usual comment whenever the failure of large financial institutions is discussed is "it’s too big to fail". There has been an assumption that the really big lenders are immune from failure, as Uncle Sam ... ( more)
From Housing Doom - view blog entries - visit this blogJuly 2, 2008 at 3:01 am ET
A lot of Americans have planned on using their home equity to help fund their retirement. There might be a problem with that plan:
With real housing prices falling at a rate of approximately 1.5 percent, ... ( more)
From Housing Doom - view blog entries - visit this blogJuly 1, 2008 at 3:01 am ET
With so many properties in foreclosure these days, it seems that lenders can’t always keep straight who’s delinquent and who’s not:
A Nigerian couple who are victims of a mortgage mix-up filed a lawsuit Monday ... ( more)
From Housing Doom - view blog entries - visit this blogJune 30, 2008 at 3:02 am ET
It’s Monday, and we are waiting to see if the markets continue to hammered this week. In the meantime, here’s a new glimpse into the fraud that helped bring on this collapse: [Thank you Vegas ... ( more)
From Housing Doom - view blog entries - visit this blogJune 30, 2008 at 3:01 am ET
Foreclosures are up in the Phoenix area- way, way, up.
Last June Doom looked at the Notice of Trustee Sales [NOTs] and Cancellation of Notice of Trustee Sales [CNOTs] issued in Maricopa County. [Phoenix area] Our ... ( more)
From Housing Doom - view blog entries - visit this blogJune 29, 2008 at 8:14 pm ET
Just when I think I’ve seen every possible home buying incentive:
PALM BEACH GARDENS, Fla. - She has tried nightclubs and online dating sites, but now a 42-year-old single mother is looking for love ... ( more)
From Housing Doom - view blog entries - visit this blogJune 29, 2008 at 7:56 am ET
In January of 2007, Doom was reporting that a mortgage lender that had gone out of business had apparently left files and computers in the office. Our principal worry at the time was the potential ... ( more)
From Housing Doom - view blog entries - visit this blogJune 28, 2008 at 9:09 am ET
On our masthead is the quote from Churchill "A nation that forgets it’s past is doomed to repeat it." By extension we could add "A nation that doesn’t learn from the mistakes of other nations ... ( more)
From Housing Doom - view blog entries - visit this blogJune 27, 2008 at 11:29 pm ET
We’ve noticed a significant number of users have been accessing Housing Doom on their mobile phones, and have launched a new mobile version of our site.
The new site is optimized for mobile phones (including a ... ( more)
From Housing Doom - view blog entries - visit this blogJune 27, 2008 at 9:25 am ET
We’ve got some smart readers out there, and we have a question for you.
Prior to the Mortgage Forgiveness Debt Relief Act that was enacted in December of last year, lenders could issue a 1099 as ... ( more)
From Housing Doom - view blog entries - visit this blogJune 26, 2008 at 2:35 pm ET
From the desk of the System Administrator (not Twist):
For those of you who use the HousingDoom RSS feeds to stay up-to-date on the latest housing news, you have probably noticed some spam links showing up ... ( more)
From Housing Doom - view blog entries - visit this blogJune 26, 2008 at 3:02 am ET
Thanks to John Hernandez for this story of foreclosure and "counter-foreclosure":
Condo associations that are in a financial bind from mounting foreclosures are now targeting lenders who have taken back units from owners in default but ... ( more)
From Housing Doom - view blog entries - visit this blogJune 26, 2008 at 3:01 am ET
FYI…
I was surprised a couple of days ago when I didn’t see the Relevant Articles section on our sidebar. It seemed that sometimes it was there, sometimes it wasn’t. I complained to our sys admin, ... ( more)
From Housing Doom - view blog entries - visit this blogJune 25, 2008 at 12:08 pm ET
We’ve heard tale after tale of bitter homeowners gutting their homes prior to losing them to foreclosure. Now they might want to think twice: [Hat tip MR!]
MERCER, Pa. — A former Mercer County mortgage broker ... ( more)
From Housing Doom - view blog entries - visit this blogJune 25, 2008 at 9:13 am ET
Doomers undoubtedly are aware by now of Bank of America’s pending takeover of Countrywide, but did you know that you are helping to finance the deal?
June 25 (Bloomberg) — Bank of America Corp.’s $3 billion ... ( more)
From Housing Doom - view blog entries - visit this blogJune 24, 2008 at 10:10 am ET
People are now waking up to the fact that what that real estate investment guru was pitching at the seminar wasn’t necessarily an "investment":
London: During the housing bubble a lot of people confused consumption with ... ( more)
From Housing Doom - view blog entries - visit this blogJune 24, 2008 at 3:01 am ET
With nearly a 3 year supply of million dollar homes for sale in Scottsdale, AZ, [1,572 actives, 46 solds in the past month] something’s gotta give. What is giving is asking prices.
M noted this trend:
Here’s ... ( more)
From Housing Doom - view blog entries - visit this blogJune 23, 2008 at 1:10 pm ET
You have to hand it to the guys at Goldman Sachs, who now say they shouldn’t have upgraded financial and consumer discretionary sectors a few weeks ago. They manage to lend an air of dignity ... ( more)
From Housing Doom - view blog entries - visit this blogJune 23, 2008 at 3:02 am ET
It’s Monday, and while you can probably guess where the bearish Twist stands on homebuilders and lenders, you might not know where Jim Cramer of CNBC’s "Mad Money" stands. Check out this video, and you ... ( more)
From Housing Doom - view blog entries - visit this blogJune 23, 2008 at 3:01 am ET
From the Boston-based organization United for a Fair Economy, Foreclosed: State of the Dream 2008 a paper that strangely mixes up of cause and effect:
Homeownership is central to reaching economic equality and closing the growing ... ( more)
From Housing Doom - view blog entries - visit this blogJune 22, 2008 at 10:36 am ET
With credit tightening, commercial real estate struggling and lenders facing liquidity problems, we now have the sad tale of Mortgage Ltd. The courts are now faced with determining who owes what to whom. According to ... ( more)
From Housing Doom - view blog entries - visit this blogJune 21, 2008 at 3:01 am ET
Thanks as always to L for forwarding me his great junk emails.
When I first saw this ad, my thought was, "I can’t believe these zero down, zero closing things are still around":
Like some of those ... ( more)
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