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Foreclosure Results Article

NYC Coop Sales Price Now Public Information
It's an old axiom that, despite increasing numbers of condos, coops still account for around 80% of NYC's apartment inventory. Yet, until recently, the sales figures were shrowded in mystery. No more. A recently passed law allows access to these figures through use of the City's ACRIS system. While the link may not be up for long, you can find a pdf guide to how the system works at NYC.gov/html/dof/html/jump/acris.shtm.
Noah's Ark 2006
In the year 2006, the Lord came unto Noah, who was now living in the United States, and said, "Once again, the earth has become wicked and over-populated, and I see the end of all flesh before me. Build another Ark and save 2 of every living thing along with a Few good humans." He gave Noah the blueprints, saying, "You have 6 months to build the Ark before I will start the unending rain for 40 days and 40 nights." Six months later, the Lord looked down and...
Commercial Rent Prices Up - Square Footage Down?
A recent article in Business Week suggests that the open space model of the dot com era may, actually be a paradigm to enable businesses to reduce one of their largest expenses, namely, commercial office rent. Yet, the position of the author is hardly universally shared, eliciting a number of rejections and criticisms in the posted comments following the article. From my own experience, there is no doubt that, technologically, more and more things can be done in more and more places....
Bubble Metrics
I came across a very interesting website, that of the Center for Economic Policy Research, an organization that's done alot of looking into the housing bubble issue and that has alot of articles that you'll find interesting and informative. What's really noteworthy, though, is a unique bubble calculator that seeks to measure whether you'd be better off renting or buying by plugging in the price, mortgage terms, location and projected hold time into the fields, which then takes into...
Expected Report of Year Over Year 2nd Qtr Condo Price Declines
Today's NY Sun reports that an expected industry report on condo prices will show softening on a year over year basis for the second quarter. As the article recites, industry analysts opine on whether they foresee a repeat of the coop collapse of the late 1980's when oversupply combined with softening demand and tax reform to cause a sharp drop in prices. Some, according to the article, feel the City's overall healthy economy will prevent this recurrence in the case of...
Worried about Interest Rates? Tell that to the Rent Guidelines Board
In an unusually raucus session of the Rent Guidelines Board's annual spectacle on guidlines increases for rent stabilized apartments in NYC, the Board members could hardly hear themselves over incessant drum beats from Tenant activists, yet still managed to outrage them, while disappointing landlords in the process. Read about the meeting and the increases at <a...
Problems When the 1031 Tail Wags the Dog
Here's an interesting article about what happens when investors, in their zeal to meet the stringent time requirements of a 1031 exchange, invest in properties in areas they're unfamiliar with and do so without their usual degree of due diligence. <a href="http://www.realestatejournal.com/buysell/markettrends/20060615-hagerty.html?refresh=on" >http://www.realestatejournal.com/buysell/markettrends/20060615-hagerty.html?refresh=on</a>
Everybody into the Pool!
When it comes to Terrorism Insurance, the government's days as a reinsurer of last resort are numbered, ending in 2007 following one extension of a temporary act intended to restore confidence among the Nation's insurers and reinsurers following the huge losses suffered as a result of the 9/11 attacks. A lobbying group called the Real Estate Roundtable, <a href="http://www.rer.org/," >http://www.rer.org/,</a> recently proposed modeling a future system after that...
Taxes and Commercial Real Estate Activity in NY
Today's NY Sun has an interesting article sure to reinvigorate the timeless intellectual arm wrestling about whether booms and busts in real estate are primarily driven by tax policy or the business cycle. This article focuses on the infamous "Cuomo Tax", formally known as the Real Property Gains Tax, enacted in the '80's by then Governor Mario Cuomo. In short, the tax that excluded townhouses and one and two family houses, surcharged capital gains on most other...
Another View on the Bubble-No Bubble Coin Toss
Glenn Roberts, Jr. of Inman News today quotes from findings of the Anderson Forecast, an economic report out of UCLA. According to the report, housing is more likely to head for a crash rather than the gradually deflating balloon we've all be hearing about lately. For more, check out the article ( subscription required) at <a href="http://www.inman.com/hstory.aspx?ID=53488" >http://www.inman.com/hstory.aspx?ID=53488</a>

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Foreclosure Results Lead Mortgage Renewals In These Turbulent Times
Your mortgage lead these years has a good deal to do with a bail out feat than a land dealing, as mortgage foreclosures lead mortgage renewals by a broad margin. All across the USA 100s of 1000s of properties are being lost to bank foreclosure.

The home buying industry in the US is about as perky as lead. Mortgage companies are scrambling as a result of inadequate financial direction and lives are being ravaged at a horrific rate. Shortly bankruptcies are to lead mortgage renewals considerably.

Across the border in Canada at the present time the mortgage lead industry is not quite as high risk. Certainly, the real estate customer base is significantly smaller but on a whole, their market hasn't fell back as much specifically when it comes to holding a mortgage. Lead time for Canada taking after America when it comes to trends is six-eighteen months if history remains true. Real property markets in virtually all urban centres in Canada is at the "overheated" phase still, and foreclosuresmortgage defaults don't lead mortgage applications there at all.

Mortgages lead foreclosure applications by a wide margin in Canada, the "Looney"

is surging to all time heights compared to our dollar, market confidence is strong and mortgage rates proceed to lead. Mortgage lead plans are not the same in Canada,there is still a substantial need for mortgages, so lead mortgage generation still has a need. Though foreclosures are the hot commodity in America, the property sector of the economy in Canada is well in the lead. Mortgage rates are steady in Canada, but usually follow the US lead.

Mortgage foreclosure does not seem to be following the American market due to the fact that there is no sub prime market in Canada, it is all controlled by the major banks. If the US real estate market continues to falter though, expect the Canadian market to eventually follow their lead. Mortgage rate stability may keep the status quo for now, but expect it to catch up eventually.

Foreclosures Lead Mortgage Applications in USA Areas

Referral Lead Mortgage Tips. Jon Stratis writes for
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