http://fastfloridaappraisals.com/blog Florida Real Estate, Property Appraisals, Covering Saint Lucie to Miami-Dade Counties Sat, 19 Jul 2008 17:11:35 +0000 http://backend.userland.com/rss092 en I found this article very interesting on what is going on in the purchase of the foreclosed inventory. by Amy Bickers provided by: http://www.kiplinger.com/ The price may be right, but be prepared for the hassles. Michael Lappano knows a home bargain when he sees one. Last year, the Bellevue, Wash., real estate agent purchased ... http://fastfloridaappraisals.com/blog/2008/07/19/how-to-buy-a-foreclosure/ By JOE BEL BRUNO and STEPHEN BERNARD, AP Business Writers  NEW YORK - The U.S. government is signaling it won't throw a lifeline to struggling financial companies — except for mortgage linchpins Fannie Mae and Freddie Mac — marking a shift to a new and potentially more volatile phase of the ... http://fastfloridaappraisals.com/blog/2008/07/14/government-not-expected-to-help-more-companies/ As an owner of Freddie Mac (FRE) in my personal portfolio.  I can only hope they survive! Sunday July 13, 8:59 pm ET By Jeannine Aversa, AP Economics Writer Fed offers to lend to mortgage companies, Treasury plans possible equity investment WASHINGTON (AP) -- The Federal Reserve and the Treasury announced steps Sunday to shore ... http://fastfloridaappraisals.com/blog/2008/07/14/us-spells-out-fannie-freddie-backstop-plan/ Who is next? Saturday July 12, 7:21 am ET By Alex Veiga, AP Business Writer Office of Thrift Supervision steps in and closes IndyMac Bank; FDIC takes over operations LOS ANGELES (AP) -- IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, ... http://fastfloridaappraisals.com/blog/2008/07/12/government-shuts-down-mortgage-lender-indymac/ Thank you Doug E Kass for being dead on the money again! Friday July 11, 6:55 am ET By Alan Zibel, AP Business Writer Fannie, Freddie shares drop as worries of government rescue build amid ongoing housing woes WASHINGTON (AP) -- Fears that the government will be forced to rescue Fannie Mae and Freddie ... http://fastfloridaappraisals.com/blog/2008/07/11/fannie-freddie-sink-on-government-rescue-fears/ It started late Sunday night when I was watching Bloomberg Europe around 3:30 am.  They had an interview with a hedge fund manager from the United Kingdom and he was basically saying at the end of the day the US government will have no choice but to nationalize Fannie and ... http://fastfloridaappraisals.com/blog/2008/07/10/fannie-freddie-nationalized/ Thursday July 10, 5:00 am ET By Alan Zibel, AP Business Writer Foreclosure filings continue to rise as US housing crisis drags on WASHINGTON (AP) -- The number of homeowners stung by the rout in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with ... http://fastfloridaappraisals.com/blog/2008/07/10/us-foreclosure-filings-surge-53-percent-in-june/ By Reuters | 01 Jul 2008 | 04:56 AM ET function UpdateTimeStamp(pdt) { var n = document.getElementById("udtD"); if(pdt != '' && n && window.DateTime) { var dt = new DateTime(); pdt = dt.T2D(pdt); if(dt.GetTZ(pdt)) {n.innerHTML = dt.D2S(pdt,((''.toLowerCase()=='false')?false:true));} } } UpdateTimeStamp('633504994114230000'); Florida sued mortgage lender Countrywide Financial Monday for predatory lending practices, ... http://fastfloridaappraisals.com/blog/2008/07/01/florida-sues-countrywide-over-mortgages/ Monday June 30, 5:49 pm ET By Ieva M. Augstums, AP Business Writer Wachovia quits offering controversial mortgage payment plan cited in foreclosures  CHARLOTTE, N.C. (AP) -- Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank ... http://fastfloridaappraisals.com/blog/2008/07/01/wachovia-quits-offering-risky-mortgage-loan/ A key home sales report is due out later this morning is Lennar an indicator of what is to expect.  Interested in Foreclosure Opportunities - http://www.fastfloridaappraisals.com/foreclosure.html Thursday June 26, 9:02 am ET By Alex Veiga, AP Business Writer Lennar posts narrower 2nd-quarter loss, but sees housing market deterioration ahead Homebuilder Lennar Corp., said Thursday ... http://fastfloridaappraisals.com/blog/2008/06/26/lennar-2q-loss-narrows-sees-worsening-conditions/