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Next foreclosure wave sparked by walkaway homeowners?

By Tom Kelly, Tuesday, July 22, 2008.

Where's the bottom? Are Phoenix, Denver, Sacramento, South Florida and Las Vegas still in a tailspin? Is it time to make a run at a second home you felt you could never afford?

Perhaps we have been too driven and proud of the fact that 70 percent of all families in this country own their homes. In order to get there, lenders, real estate agents and consumers dipped into a "too easy" bucket where the value of ownership sunk to the same level of the cost of getting in the door -- zero.  more...

Beamed ceilings needn't make life uncomfortable

By Bill and Kevin Burnett, Tuesday, July 22, 2008.

Q: I have exposed 8-inch beams throughout the house and no attic. Is there some kind of attractive insulation I can put between the beams, not more than 4 inches thick, that will give me the maximum amount of insulation with the least thickness?

A: We don't know of any insulation that you can just tack up between the beams and have it look like anything but what it is -- cobbled together. But with a few more steps, we do have a good solution to give you much-needed insulation and an attractive ceiling.  more...

Iggys House site returns to Web

By Inman News, Tuesday, July 22, 2008.

The Iggys House Web site is live again after an extended downtime in late June and early this month, and the company is announcing plans for new service offerings.  more...

TGIF, whatever that means Premium Content

By Kris Berg, Tuesday, July 22, 2008.

I was in the grocery store on Friday when I overheard the man chatting on his cell phone: "Boy, am I glad it's Friday." Stopping just short of whacking him upside the head with my 10-pound bag of kitty litter, I instead chose to silently loathe him. Friday. I wish I could get me one of those things.

Everything about my chosen profession is just so difficult these days. First, there are the longer market times. Time is money, and not only is my overburdened Decade at a Glance threatening to file bankruptcy, but never have I had to throw my checkbook in so many directions for such prolonged periods as I do these days.  more...

Taxpayers, ready to bail out GSEs? Premium Content

By Inman News, Tuesday, July 22, 2008.

$25 billion price tag for Fannie, Freddie bailout  more...

California mortgage defaults up 125%

By Inman News, Tuesday, July 22, 2008.

Lenders started foreclosure proceedings on a record number of California homeowners in the second quarter, the result of declining home values and the rampant spoilage of a batch of especially risky home loans made in late 2005 and 2006, a real estate information service reported.

Mortgage servicers recorded 121,341 "notices of default" during the April-through-June period. That was up 6.6 percent from a revised 113,809 for this year's first quarter, and up 124.9 percent from 53,943 in second-quarter 2007, according to DataQuick Information Systems.  more...

5 ways to connect at Real Estate Connect

By Inman News, Tuesday, July 22, 2008.
Flickr photo of Palace Hotel restaurant atrium by <a href="http://www.flickr.com/photos/realestatezebra/" target=blank>RealEstateZebra</a>.

There are several ways to share content and follow the Inman Real Estate Connect San Francisco 2008 conference online -- especially if you are a fan of Flickr, a follower of Twitter, a commenter in community groups, or like to log time as a blogger.

Follow Inman on Twitter: We have our own Twitter account at http://twitter.com/InmanNews from which we'll be posting live updates and coverage of the entire conference.  more...

New RE tool generates custom, on-the-fly reports

By Inman News, Tuesday, July 22, 2008.

Real estate data company Altos Research today announced an Internet application that allows users to query the company's database to quickly generate customized real estate reports.

There is a free version of the AltosXplorer application featuring limited real estate data, and a full version with richer data is available with a subscription.  more...

Short-sale expert recommends specialization

By Inman News, Tuesday, July 22, 2008.
Eli Tene

Eli Tene, president of I Short Sale Inc., has negotiated thousands of short-sale transactions since 1991. He specializes in foreclosures, residential and commercial real estate, debt and equity financing, loss mitigation and equity-based joint ventures.

He will speak during a panel, "How to Help Homeowners While Closing Business," during a Foreclosures Workshop presentation tomorrow at the Real Estate Connect conference in San Francisco. The conference ends Friday.  more...

 
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