Paddy Deighan Real Estate Blog

There are approximately 2.1 million JP Morgan Chase Bank customers who can expect to receive a small refund as part of a recent $309-million settlement between the Consumer Financial Protection Bureau (CFPB) and the bank. The CFPB and the Office of the Comptroller of the Currency (OCC) determined...

I am frequently astounded that quotes from history...quotes that may have been made hundreds of years ago, are still true today (if not truer today). I was watching a history program on late night cable and there was a quote from Thomas Jefferson that really caught my attention.  Mr. Jeffereson s...

As a follow up to my blog post about luxury home recovery, here is a compilation of the cities that are recovering faster than most. I have to say that I am surprised / shocked at some of the cities…but here they are!! Some markets are experiencing more progress than others. RealtyTrac recently r...

There is an old adage that applies to the current real estate market. That which falls most during a recession is normally also what rises quickest. This certainly applies to home sales. Homes worth over $1 million the brunt of the real estate down turn over the past five years.  Some reliable so...

Wells Fargo has recently reported its progress toward settlement – mandated agreements on aid to home owners in distress. According to Wells Fargo, they have performed 4.4 billion dollars in relief for distressed home owners. This amount is through June 30, 2013. Wells Fargo reported this to the ...

Seems like every day there is a new lawsuit alleging lender misconduct as well as a new settlement. The Office of the Comptroller of the Currency (OCC) has done it again. Recently the OCC has questioned EverBank Financial for mismanaging foreclosures and the foreclosure review process. This new r...

Negativity equity is an issue that can be an indication of many aspects of a real estate market.  Zillow keeps track of such things and while many question the accuracy of some of Zillow’s reports (such as their Zestimates), the Negative Equity report seems accurate. According to the most recent ...

More good news on the loan application and approval front….In an effort to more fairly treat borrowers whose credit reports contain collections actions and disputed debt accounts, the Federal Housing Administration (FHA) has eased previous rules that would have led to large numbers of application...

In the wake of last year’s multiple foreclosure fraud and abuse settlements and ongoing dispersion of housing assistance funds from the Troubled Asset Relief Program (TARP), many former homeowners thought that they would be receiving some form of compensation for wrongful foreclosures and poorly-...

There is no question that Las Vegas was among the hardest hit real estate markets in the country.  There is also little question that it was slow to recover. However, once recovery started, it seemed to explode almost overnight. I live here part time and it seemed that suddenly, the market turned...