Mike Sebeniecher's (mikeseb) Blog

      Negotiating your short sale is not for the weak at heart.  I hear a lot of new investors who spend months getting their short sale package in front of the decision maker and seconds backing up their offer when it is rejected. Here is a little secret for everyone.  A Loss Mitagators job is t...

       The million dollar question these days is when are the housing market and economy going to rebound. I have heard analysts say as little as six months to as long as 5 years. People can speculate all they want, but there a several historic indictors that you should be watching to help predic...

Are BofA, Wachovia readyto weather financial crisis? Banks say they are prepared; financial stocks sink amid fear of failures By Rick Rothacker Investors pummeled bank stocks on Monday as new jitters about the health of the financial system erupted ahead of another round of miserable earnings re...

         Many homeowners are reluctant to deed me the property on their foreclosed properties and I can see why they might be reluctant. A property deed shows ownership of the real property. So why would anybody deed their property to a total stranger? Why the homeowners are hesitant: •·They thin...

Foreclosure filings surged 53 percent in June Nevada, California, Arizona, Florida and Michigan still leading nation   updated 40 minutes ago WASHINGTON - The number of homeowners stung by the rout in the U.S. housing market jumped last month as foreclosur...

       Getting the property deeded to the investor is not as bad as many homeowner think and can even help in the short sale process. I understand that many homeowners might be hesitant to give their deed to someone they hardly know, but the benefits do outweigh the negatives. If a homeowner is i...

I have seen a lot of unbelievable things while working as a real estate investor. I have decided to post a weekly story, so hopefully you will learn a few things about what to do and who to watch out for. Story 1 Pt 2:            So Jim has this house that he over paid for and seems to be happy. ...

Bernanke Moves to Extend Powers as Credit Woes Linger Loan Program May Last Into 2009; Tensions With Treasury By DAMIAN PALETTA and SUDEEP REDDYJuly 9, 2008; Page A1 In a sign of continuing worries about the financial system and the economy, Federal Reserve Chairman Ben Bernanke on Tuesday outlin...

Why you might never own a home Houses used to be an essential part of the American dream. But for many middle-class families, a home of one's own now seems out of reach By Lauren Barack, MSN Money Cathy Mano, 44, works at a nonprofit in San Francisco. Her husband is an acupuncturist. The two pull...

The buck doesn't stop here; it just keeps fallingCrumbling value of the dollar resonates through slumping economyWASHINGTON - Things in the U.S. sure are tough. Brother, can you spare a euro? Signs saying "We accept euros" are cropping up in the windows of some Manhattan retailers. A Belgium comp...