Troubled Relief Asses Program (TARP)
Here’s a surprise: The Special Inspector General for the Troubled Asset Relief Program (TARP) said that just 3% of $7.6 billion available in the Hardest Hit Housing Markets program — available for 18 states and the District of Columbia — had been tapped as of Dec. 31. Out of the 458,000 homeowners that were estimated [...]
Why Didn’t They Do This Sooner?
Banks are paying delinquent homeowners to sell their homes: http://www.bloomberg.com/news/2012-02-07/banks-paying-homeowners-a-bonus-to-avoid-foreclosures-mortgages.html. A mountain of pending repossessions is holding back a recovery in the housing market, where prices have fallen for six straight years, and damping economic growth. Owners of more than 14 million homes are in foreclosure, behind on their mortgages or owe more than their [...]
What is creative real estate investing?
The definition from Wikipedia, the free encyclopedia, states creative real estate investing is a term used to describe non-traditional methods of buying and selling real estate. Traditional real estate works for many, but it typically takes a long time, can be very expensive. It has rapidly become less suitable for millions of sellers that need [...]