Steve Albin's (tnhome) Blog

As House and Senate negotiators continue to work out differences in their versions of bank reform, a House proposal to have $3 billion used to help unemployed homeowners avoid foreclosure. The measure would allocate the funds to the Department of Housing and Urban Affairs, which would use the fun...

OBAMA ADMINISTRATION UNVEILS NATIONAL STRATEGIC PLAN TO PREVENT AND END HOMELESSNESS  http://www.thinkbigworksmall.com/mypage/archive/1/51357Cabinet members and Administration officials from the United States Interagency Council on Homelessness deliver plan to finish the job of ending veteran and...

 More than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released Wednesday. Treasury's inspector general also found that thousands of people filed ...

The contest closes on June 29, at which point Avvo will select the top five stories, invite the user community to vote for the most deserving story and then pay for the winner's legal fees. http://www.huffingtonpost.com/2010/06/16/save-my-house-contest-sad_n_614874.html

Social media networks provide a wealth of information ripe for the taking. So-called "social media monitoring" services like Trackur andRapleaf analyze sites like Facebook, Twitter, Classmates.com, Match.com and Friendster.com and help companies track consumer opinions about brands and trends. ht...

FORT MYERS, FL-In what forecasters are predicting will be the largest, most devastating disaster to hit Florida since the national economy collapsed, a Category 5 hurricane neared the Gulf coast this week, threatening thousands of repossessed and long deserted homes. http://www.theonion.com/artic...

It basically amounts to extortion and bribery to require a seller make a contribution or accept a promisary note at the last moment after going through the process and trying to do a short-sale on non-recourse loans.  If BofA determines that the seller has continued payments to everyone else they...

"Things that were unthinkable are now becoming thinkable," city would demolish houses in 139-square-mile city could go from urban to semi-rural. Detroit was awarded $40.8 million in tax payers money to start the work. http://news.yahoo.com/s/ap/20100308/ap_on_bi_ge/us_downsizing_detroit

Taking effect on April 5, the program could encourage hundreds of thousands of delinquent borrowers who have not been rescued by the loan modification program to shed their houses through a process known as a short sale, in which property is sold for less than the balance of the mortgage. Lenders...

HUD's plan would "eliminate all seller-financiing" by investors, Under HUD's proposal, investors would  have to go through the same registration, licensing, fingerprinting and other licensing hoops required of fulltime mortgage brokers. http://realtytimes.com/rtpages/20100219_investorreport.htm