by Phyllis Rockower | Nov 28, 2012 | Economic News
Aren’t we lucky to have such status. The article talks bout 4 kinds of mortgage fraud. 1. Property value fraud where values are inflated. Huh! I don’t see this happening in L.A. are all. In fact just the opposite. Appraisers are frequently under valuatin....
by Phyllis Rockower | Nov 13, 2012 | Economic News, Uncategorized
According to this article that is exactly what is about to happen. the number one reason is housing shortages and pent up demand. Housing creates jobs also. There are two other reasons Click here to read the article...
by Phyllis Rockower | Oct 11, 2012 | Economic News
A few months ago i repeated my forecast that the Detroit housing market would come back big time and why. The prices are so cheap that it makes it a great place to buy houses to rent or sell with owner financing.. But only if you are willing to go there or have boots...
by Phyllis Rockower | Sep 24, 2012 | Economic News, Housing News, Real Estate News
Even though the rules were meant for condo developments, this also applies to individuals looking to buy and sell condos. I have previously told my students not to bother with condos unless it was owner financing or subject because it if you think it is tough to get a...
by Phyllis Rockower | Sep 19, 2012 | Economic News, Housing News
Next mess: Hedge fund are creating the first security that would be backed by home-rental payments. The bonds would work similarly to mortgage-backed securities – only the flow of investor returns wouldn’t come from monthly mortgage payments, but rather income...
by Phyllis Rockower | Sep 18, 2012 | Economic News, Foreclosure Updates, Housing News
Prices are really jumping because of the shortage of homes available and the big hedge fund dummies buying up everything. However, i am concerned. This is not a natural progression. Usually prices increase when income increases. This is not why prices are increasing....
