Foreclosure Pets Filling Up Animal Shelters

The news about abandoned pets due to foreclosures shows how desperate some distressed homeowners are getting.

Many pets are being abandoned due to foreclosuresThe news about abandoned pets due to foreclosures shows how desperate some distressed homeowners are getting.

 

I’ve always heard earthquakes could almost be predicted by the number of pet disappearances. Are those poor pitiful pooches and cats trying to tell us something about the current real estate markets and foreclosures?

Continue reading “Foreclosure Pets Filling Up Animal Shelters”

More Investors Picking Up Buying Signals from Foreclosures

Have we seen the worst of foreclosures?

Are we beginning to hit near the bottom of most of these real estate markets?

Have we seen the worst of foreclosures?

 

Are we beginning to hit near the bottom of most of these real estate markets?

 

(Notice I used the plural because I don’t believe in a national real estate market.  Real estate is a mainly a local investment.)

 

While reviewing the stats for my state (Tennessee) I noticed one county in the Memphis area had askewed the results.  Times are not that bad here in Nashville.  We’re projecting a  smoother  landing in Davidson County for the rest of 2008.   

But without due diligence we might think the entire state of Tennessee is in deep trouble.  That simply  isn’t true.

 

So what about all the  bad news?  How should  that  affect our real estate investing decisions?

 

If 1.3 million distressed homeowners receiving  foreclosure warnings from their banks in 2006 is any indication, we should be buying.  The light is green.

 

Read Home Foreclosure Rate Soars in 2007

 

  

Largest Property Tax Increase in Washington State’s History

Headlines in King County, Washington, are announcing the biggest property tax increase in that state’s history.

I always wonder about situations like this. 

 

Headlines in King County, Washington, are  announcing the biggest property tax increase in that state’s history.

 

A $200  million increase, to be roughly exact.

 

Is it really necessary?

 

Even if you think yes, consider this.  There’s a special provision for property owners to contest assessments.  And we all know how difficult that can be under normal circumstances.

Is that really a good thing?

Have people been fooled?

 

Estimates are that 40 percent of King’s County property taxes are paid by commercial properties.  That means those businesses have more money and clout to fight assessments and will probably win, thanks to the loophole provided by the law.

 

Okay, that lets them off the hook.

 

But will the burden  be shifted to homeowners, small real estate investors and landlords?

Read  Assessor Warns of Biggest Property Increase in State’s History

 

Unhappy homeowners Suing Realtors

Realtors are being sued by clients who think they paid too much for their houses

Here’s a new twist to  those boom/bust real estate markets, which some areas are facing.

 

Realtors are being  sued by clients who think they paid too much for their houses.

 

You read that right.  One of the first cases is from Carlsbad, California, where Marty Ummel believes her real estate agent did not inform her that the house she bought was the most expensive in the neighborhood. 

Continue reading “Unhappy homeowners Suing Realtors”

Unscheduled Interest Rate Cut Surprises Experts

Will the interest rate cut really help the economy? And if so, why not cut the rates even more?

Interest rates continue downward with the three-quarters of a percentage point cut; making lots of waves.  In fact, it’s the biggest single  cut since 1984.

 

Will it really help the economy?  And if so, why not cut the rates even more? 

Continue reading “Unscheduled Interest Rate Cut Surprises Experts”