OUR ARCHIVES : October 2009


When will this awful real estate rebound i am upside down 50k on my home?

Rodney G asked:
I live in the tampa area and bought a town home in a HOA. I paid 185k for it 5 years ago, even after i bought it they even topped over 200k. Well right now we are plagued with foreclosures, vacant properties. These town homes [...]

Do you agree this is what caused the economic crisis?

what? asked:
I found this on fact check
The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive [...]

I am thinking of short selling a home that I paid 300k for it is now only worth 150k. I need to find a lawyer?

David P asked:
I live in Miami Florida area. Also note that this is an investment home – speculation that went bad. The builders and the bank were the ones that really ripped me off in the first place. But I do not want that bank to be able to put a lean on [...]