Detroit is Still the King of the Hill

Another article, this time from the Associated Press. I have added the emphasis. Detroit had top foreclosure rate in ’07 By ALEX VEIGA, AP Business Writer Wed Feb 13, 6:28 AM ET LOS ANGELES – The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate […]

Denial is Not Just a River in Egypt

I read this article this morning. I was surprised by it because I’ve been thinking just the opposite over the last six weeks, because I’ve been seeing homeowners actually giving up and throwing in the towel because they’ve finally realized the harsh reality of this market. This article demonstrates, though, just how much further we […]

The Game Is Changing

I’m in the process of doing another of my cash-out refis. I just bought it last Friday, and I’m trying to set a new record and do a cash-out refi based on the appraised value in less than 30 days. I just did two yesterday – one was 42 days and the other was 55 […]