September 2009
The Geographical Concentration Of Foreclosures
September 10, 2009 by MikeRosen · Leave a Comment
Once again, the country’s foreclosures are concentrated in just a few states.
As reported by foreclosure-tracking company RealtyTrac.com, more than 50 percent of the country’s foreclosure-related actions in August occurred in just four states:
California : 25.76 percent
Florida : 17.4 percent
Michigan : 5.4 percent
Nevada : 5.0 percent
The rest of the “Top 10″ foreclosure states included Arizona, Illinois, Georgia, [...]
Why An 800 Credit Score Doesn’t Really Matter
September 10, 2009 by MikeRosen · Leave a Comment
Since 2007, mortgage lenders have clamped down in many areas of underwriting, but none more so than in the area of credit scoring.
Minimum FICO levels are up 120 points or more and conforming mortgage lenders now levy large fees on borrowers whose scores are below 740.
Keeping your credit scores high is a worthwhile goal, but it’s not always [...]
Simple Real Estate Definitions : Quitclaim Deed
September 9, 2009 by MikeRosen · Leave a Comment
By its most common definition, a quitclaim deed is a document by which one person passes legal and financial ownership of a home to another person.
It’s also a way for an owner of a home to remove himself from the title to the property.
Often misspelled as “quick claim deed” or “quit claim deed”, quitclaim deeds have [...]
How To Increase Your Household Cashflow By $500 Monthly
September 3, 2009 by MikeRosen · Leave a Comment
There are two ways to boost your personal cash flow — increase your income or reduce your spending. The former can be a challenge but the latter doesn’t have to be.
The headline of the above video — “Cut Your Spending By $500 Per Month” — is somewhat sensational but the advice given during the [...]
Another Sign Of Economic Recovery : Consumer Sentiment Rising
September 1, 2009 by MikeRosen · Leave a Comment
In a bit of good news for the economy, Consumer Sentiment fell to 4-month lows in August. The drop wasn’t “good news”, per se, but because it wasn’t nearly as large as economists expected, Wall Street cheered it.
The index, jointly published by the University of Michigan and Reuters, measures how Americans feel about their situation [...]
