Vinnys House of Real Estate

This has been a concern of mine for awhile, even though we have seen a bottom, how can we sell prices at retail if the appraisers are using REO prices for the market price?
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June 24 (Bloomberg) — There may be another culprit scuttling a U.S. housing recovery: low home appraisals.
Flawed appraisals are derailing real estate [...]

This is a new one for me. I currently have a personal american express card, and a business card. I have another business so I applied for a card for that. I was declined! Not on the webpage of course, but you have to re-login to see your decline message. No reason other than [...]

People are going to keep losing homes throughout 2009 and into 2010.
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NEW YORK — The rate at which people are falling behind on their mortgage payments went up for the ninth straight quarter in the first three months of 2009, and is expected to keep rising through the end of the year, according to credit [...]

Who says there isn’t people buying expensive homes?
A Realtor, a partner in a California oil company, a Chicago attorney, a former executive of an Ohio engineering firm and the principal of a Tempe interior-design company are among the buyers and sellers in this week’s priciest home sales.
$7,212,672
Marrowstone LLC, an Arizona limited liability company whose sole [...]

This is what happens when greed takes over:
A former Scottsdale accountant was rearrested Friday in connection with what authorities described as a $67 million real-estate Ponzi scheme.
Dan Wise, 52, was arrested by Scottsdale police after a Maricopa County grand jury indicted him Thursday on multiple theft and fraud charges.
Wise was being held on a $500,000 [...]

Reporting from Phoenix — After four years of renting because they were priced out of the real estate market, Jamia Jenkins and Scott Renshaw concluded the time had arrived for them to buy.
They saw that home prices had dropped so fast here — faster than in any other big city in the nation — that [...]

They are trying to find a better way, they are going to pay companies that accept short sales. The catch is that is has to be listed with a realtor, but it doesn’t say if the realtor has to do the short sale, so a 3rd party can..
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WASHINGTON – The Obama administration unveiled new programs [...]

This is legit, I know the people who are running this and they are really trying to help out the economy.
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Club Entrepreneur Offers Zero Tuition College Education for Arizona Residents
(TEMPE, AZ) May 7, 2009 – Arizona residents can now earn a fully accredited college degree at no cost by joining Club Entrepreneur, a free online [...]

Take this with a grain of salt, I think its even worse than this. Zillow likes to inflate values alot, I don’t believe it takes into account all of the REO prices we see, especially here in the valley. You can only sell your house for what the market will bear, and if your competing [...]

On March 4, 2009, guidelines were released under President Barack Obama’s Making Home Affordable initiative, which is designed to help up to 9 million homeowners stay in their homes through refinanced mortgages or loan modifications.
To qualify, you must:

Owe between 80-105% of your mortgage. An analysis of Zillow Q4 Real Estate Market Reports shows [...]