LPS Applied Analytics recently announced that there are $464 Billion in mortgages currently in Foreclosure and that Americans are now behind on mortgages worth $1.4 Trillion. Several economists believe that

something really bad could be coming down in the coming months. In

fact, leading economists are warning of a new financial crisis brewing

that could possibly be worse than the crisis we faced in 2008 and that

we could see a collapse of some BIG U.S.…

I ran into a previous client today. I had tried to conduct a Short Sale for her back in 2007 to 2008. I had priced the home at $199,000 and received 8 offers. After the bank conducted it's appraisal and

against my strong objections, they determined they would take nothing

less than $259,000. I tried to get the negotiator to come to her senses

and warned her and later her supervisor that they would be taking this

home back if they didn't accept the sale now. All 8 of my…

I was listening to talk radio and was intrigued by the teaser for the next segment. "Ohio man bulldozes $350K home to avoid foreclosure". Hmmm. I REALLY wanna hear that one. I listened to the entire interview

and at the end I was perplexed. First of all, here are the details.

Terry Hoskins of Clermont County found himself in a predicament with

his Moscow, Ohio home. He was facing foreclosure and was upset that the

bank that held the note, River Hills Bank, would not work…

The California Association of Realtors released their "2009-2010 SURVEY OF CALIFORNIA HOME SELLERS”. The report showed that approximately 67% of all California home sellers that were able to sell their house in this market sold their home

because they had an inability to meet their mortgage obligations. In

other words, they couldn't afford their house. Whether it be due to a

variable rate mortgage that was resetting higher, a job loss, sickness

or just the fact…