The KCM Blog

July 2010

Walk Away and Fannie Mae Will Chase You Down

July 16, 2010

Many lending institutions are beginning to take action against those who decide to walk away. Fannie Mae, according to an article in Housing Wire, announced: Borrowers who are determined to have the ability to make their monthly payments but walk away from their homes will not be able to secure a Fannie Mae backed mortgage [...]

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The Cry for Another Tax Credit

July 15, 2010

Friends, I believe we are standing atop the second hill of a rollercoaster.  I know another dip is coming, though I am not sure when.  I think it might be a steep drop, but I am not sure how steep. The KCM Blog frequently explains why the market has another bottom to reach (shadow inventory, [...]

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The Last Dumb Reason Given Not to Buy a Home

July 14, 2010

We believe very strongly in the benefits of homeownership. Over the last few weeks, we have been addressing some of the more questionable reasons people have been giving for not buying a house.   Reason #1: Real Estate is no longer a good investment. Reason #2: Renters are happier than homeowners. Reason #3: Limited mobility is [...]

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Are There Over Seven Million Foreclosures Coming?

July 13, 2010

There have been some extraordinary numbers being bantered about when talking about the number of foreclosures that will be coming to market over the next 18 months. Different studies have estimated that number to be between 5-8 million. Let’s take a look at one of these studies today and see how these totals are being [...]

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Lebron’s Real (Estate) Reason for Picking Miami?

July 12, 2010

Everyone has an opinion on why Lebron James picked Miami over New York and Chicago. We have no inside information. The only connection we have to Lebron is that my son played on the same AAU team as one of Lebron’s teammates in Cleveland. I did not talk to Lebron, the teammate or even my son about this. We thought we [...]

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Do You Like Us? Do You Really, Really Like Us?

July 9, 2010

Every weekday we post the best real estate articles we can find on the KCM Crew Fan Page on facebook. Join the over 4,000 real estate and mortgage professionals who ‘like’ this page. See what other industry pros think of the articles and say about the important issues. Jump on over right now. We would [...]

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