Posts

Foreclosures Up 440% Year Over Year! (Total Bullshit)

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Black Knight is reporting that foreclosure starts were up 440% in June – year over year! They were up almost 27% month-over-month too! So – should we panic???? Is a foreclosure crisis upon us? Not even close. Foreclosure starts (the start of foreclosure proceedings) are through the roof, year-over-year, because there was a moratorium on […]Read More

5 Reasons To Get a Home Equity Line Of Credit ASAP

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When I was in law school, I clerked for a firm that specialized in commercial litigation. And – the first thing the attorneys did when considering litigation was to ensure the defendant had sufficient assets to go after – should they win a judgment. And a primary asset they looked at was the defendant’s home; […]Read More

Record Equity + Certain Inflation + Uncertain Economy = Cash-Out Now (4 Reasons Why)

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TOTAL HOME EQUITY SURGES TO INSANE RECORD Prior to the 2008 meltdown, total home equity (the value of all homes minus all mortgage debt) in the U.S. peaked in 2005 at $14.4 TRILLION. Last year, total home equity hit $21.1 trillion – crushing the 2005 record (here is a table showing total home equity from […]Read More

Are Cash Out Refinances A Good Idea?

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When homeowners purchase a new home, they instantly start to accumulate equity in their new home. For some homeowners, taking cash out from their home equity can be a great way to pay off credit card bills, purchase a new home, pay for college, or invest in home improvement projects. HOW DO CASH OUT REFINANCES […]Read More

Bridge Loans; Buying Before Selling – Best Financing Option

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BUYING BEFORE SELLING Sellers often want to buy a new home before selling their current residence for a variety of reasons. They might want more time to move, more time to fix up their current house before selling, or more time to fix up the new house before moving in. They also sometimes want to […]Read More