Posted on November 10, 2008 by DebbieJ
According to The Associated Press, Nevada, Michigan, Florida lead ‘underwater’ list:
State
No. of mortgages
percent underwater
Nevada
609,577
47.8%
Michigan
1,145,572
28.6%
Arizona
1,287,076
29.2%
Florida
4,248,470
29.2%
California
6,461,981
27.4%
It is said that almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth. Add in the homeowners in the same situation in California, Arizona, Florida, Georgia and Michigan, and together they account for nearly 60 [...]
Filed under: Florida, Florida Real Estate, Real Estate, Real Estate News | Tagged: bailout plan, Fannie Mae, foreclosures, Freddie Mac, housing market, Nouriel Roubini, short sale | 2 Comments »
Posted on October 27, 2008 by DebbieJ
Tomorrow’s an exciting day! I’m going to be featured on SoWalScene’s website! Yippee!!! Check it out and let me know what you think.
Real estate is local. What I mean by this is that there are some areas of our Country that have not been as effected by the down turn of the real estate [...]
Filed under: Destin, Drive-to Vacation Destination, Emerald Coast Real Estate, Florida, Florida Real Estate, Real Estate, Real Estate News | Tagged: beach vacation, Destin, Drive-to Vacation Destination, gulf front condos, real estate investment | 3 Comments »
Posted on October 16, 2008 by DebbieJ
OK, here is an announcement from the Government regarding the banking industry and which banks they will invest in. The stock market has been a roller coaster and the Fed’s had to step in and do something to stop the run on the banks. Still waiting on specifics, about what they will do for the [...]
Filed under: Florida, Florida Real Estate, Real Estate, Real Estate News | Tagged: Banks, Emergency Economic Stabilization Act, FDIC, Federal Government, Treasury | Leave a Comment »
Posted on September 28, 2008 by DebbieJ
Tentative agreement reached? Haven’t we heard this before? A few news sources are reporting that a bailout bill agreement has been tentatively reached between congressional leaders and the White House.
From the Wall St Journal
“Senate Majority Leader Harry Reid (D., Nev.), in an appearance on the Senate floor Saturday, said there are only a “handful of issues [...]
Filed under: Emerald Coast Real Estate, Florida, Florida Real Estate, Real Estate, Real Estate News | Tagged: bailout, Bush Administration, Congress, economy, Reuters, tax payers, Wall St. Journa, white house | Leave a Comment »
Posted on September 28, 2008 by DebbieJ
I’m sure you have heard the news…
Daily Real Estate News | September 26, 2008 WaMu’s Home Loan Biz Led to Bank’s Failure
The Federal Deposit Insurance Corp. seized Washington Mutual Inc., one of the country’s biggest banks, and then sold the Seattle-based thrift’s banking assets to JPMorgan Chase & Co. for $1.9 billion.
Because of WaMu’s heavy mortgage-related losses [...]
Filed under: Drive-to Vacation Destination, Emerald Coast Real Estate, Florida, Florida Real Estate, Real Estate, Real Estate News | Tagged: Bank of America, Fannie Mae, Freddie Mac, Goldman Sachs, Leman Brothers, Morgan Stanley, Washington Mutual | Leave a Comment »
