Housing Market’s “Brussel Sprouts” Edina Realty Regional Manager Terry McDonough gave a terrific talk at City Lakes yesterday about the advantages — and potential pitfalls — of using contracts for deed in today’s housing market. In an environment of zero percent interest rates (“ZIRP”) and lots of stealth home equity (something like 2/3 of those...Read More
Average Payment per Countrywide Victim: $1,595 “When you strike at a king, you must kill him.” –Ralph Waldo Emerson Surveying the latest paltry big bank settlement for predatory lending practices that helped pump up the housing market — before causing it to collapse — it seems obvious that Emerson’s famous line about killing kings has a...Read More