Day

November 24, 2009

Under Water Mortgages & Strategic Defaults

Future Foreclosures? 1 in 4 Borrowers Under Water –Headline, The Wall Street Journal (11/24/09) In truth, this isn’t just a headline in today’s Journal; it’s THE headline. As the accompanying story spells out, even the startling, 1-in-4 statistic understates things: in Nevada, Arizona, and Florida, the corresponding percentages are 65%, 48%, and 45%, respectively. As...
Read More

Holiday Reading List — Real Estate Version

Reading — and Skip — List Real estate books cover a lot of ground (pun intended). At one end of the pendulum are the various “how to” books: how to invest, how to fix up properties, how to get into the business and prosper. At the other end of the pendulum are the more purely...
Read More

Sign of the times: empty lot

Where: 7508 West Lake St. in St. Louis Park What: .24 acre lot How much: sold for $75k When: deal closed just after Labor Day Who: listing agent – Ross Kaplan; broker – Edina Realty So what’s the big deal about an empty lot in St. Louis Park? It’s not just a lot — it’s...
Read More

Archives