Banks and lending institutions have been at the center of the US real estate storm for the last three years and it is no wonder that many of them have gotten into trouble. What surprises me is that there is an “Unofficial Problem Bank List” that now includes 644 institutions for an aggregate assets value [...]

Warren Buffet, the billionaire entrepreneur become very famous for his foresight, recently sent his annual letter to his shareholders. This year he has a special section dedicated to real estate where is is directly involved because Berkshire Hataway Inc, his company, owns the house manufacturing company Clayton Homes.
According do Buffet’s analysis the manufactured homes [...]

I have just reviewed an interesting training package written for Realtors and home owners who want to speed up the sale of a property in this slow market. I found it quite interesting and I want to tell tyou about it in this post. First of all it is compiled by home owner who tried [...]

One interesting story comes from Riviera Beach, a Florida resort just North of West Palm Beach. It is a pretty small place built around a harbor on the Atlantic Ocean and with a very nice beach. Wikipedia reports that it “is predominantly an African American city” and “consistently has crime rates well in excess of [...]

There is still a substantial inventory of foreclosures that banks are holding off the market for various reasons. In some cases the foreclosure procedure has been stalled for over a year just to avoid the repossession and the financial consequences that it would bring. Banks are in the money business and need to show profits [...]