Guy Adams's (guyadams) Blog

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Real Estate Agent - Berkshire Hathaway HomeServices Professional Realty - 200039
RECENT BLOG POSTS
Most borrowers whose loans are modified under federal programs will likely default within a year, Fitch Ratings forecasts. Among those mortgages modified without backing by a federal agency, the foreclosure rate within a year is likely to be 65 percent to 75 percent. Fitch based its predictions ...
06/17/2010
Quasi-governmental mortgage finance giants Fannie Mae and Freddie Mac have voluntarily delisted their stock from the New York Stock Exchange after their values fell to less than $1. The other option was to present a plan to bring share value back above $1, but the federal regulator in charge of ...
06/17/2010
The IRS has been rejecting first-time home buyer claims from anyone who shows a Form 1098 Mortgage Interest Expense in their prior year files. In many cases, the applicants are entitled to the credit because their previous mortgage interest deduction is for a timeshare, mobile home, boat, or oth...
06/17/2010
Census data shows that the average square footage of a new single-family home dropped to 2,438 in 2009 after peaking at 2,521 in 2007. "The decline of the early 1980s turned out to be temporary, but this time the decline is related to phenomena such as an increased share of first-time home buyer...
06/17/2010
The FBI says it will renew its efforts to end mortgage fraud. A spokesman said last week that the FBI anticipates arresting hundreds in crackdowns scheduled over the coming weeks. Offenses agents expect to find range from schemes that encourage borrowers to lie about their incomes to scams that ...
06/15/2010
Some recovery in the labor market and record low mortgage rates could help offset some of the pressures on the housing market, according to a new study released by the Joint Center for Housing Studies at Harvard University. "Right now, economists expect the unemployment rate to stay high, but if...
06/15/2010
Builders are rushing to finish homes so that buyers can close on them before the June 30 deadline to qualify for a federal tax credit. To close on a sale, builders in most parts of the U.S. must obtain a certificate of occupancy that attests that the home is finished and conforms to building cod...
06/15/2010
Pair threatened with fines, jail for house they no longer owned   Mark Bullock and Laura Hamilton thought the fight to keep their West Price Hill house ended the day the bank sent someone over to change the locks in 2007. The married couple faced bankruptcy and had fallen behind on mortgage paym...
06/14/2010
What brings us here? I have met many real estate agents and home sellers both online and off.  There are so many support channels for real estate agents...  How to market to clients, how to sell them a home, how to follow up with your database, etc.  I think somewhere down the line agents and bui...
06/14/2010
WARNING!!!      Those of you that think that a world that looks like “The Road”  or the “Great Depression” (or anywhere in between the two) is NOT possible might as well stop reading right now.       My premise today assumes that such a scenario is possible.       I am not typically a pessimist ...
06/14/2010
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