Heading into the weekend I just want to pass along an article I read today that, frankly, really challenged me.
It’s from short sale guy Josh Cantwell sharing his thoughts on the Fannie/Freddie Mac seizure doubtless everyone in the free world should be keenly aware of by now.
Now I should clarify, he didn’t ask me to [...]

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So Uncle Sam just ate cousins Fannie and Freddie.
With that, the we enter a new and uncharted phase of the mortgage crisis, potentially saddling American taxpayers with billions of dollars in losses from home loans made by the private sector.

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Here’s a spattering of articles I’ve stumbled upon this week, and found interesting, relevant and shareworthy…
“Bulk REO Properties - Is the ‘bulk’ REO deal a myth?” (The REI Brain, 7/16/08)
“I have been seeing all kinds of people saying lately that they are “bulk reo property” buyers. Then they go on to say that they have [...]

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I first heard about all the fuss with Fannie Mae and Freddie Mac on Sunday while at Shaun McCloskey’s short sale bootcamp.
Someone had mentioned it, after catching a glimpes of the news on a break.
Now that I’m back in town I’ve done a little reading up on what’s going on.
Veeeeery interesting.  It’s gonna be pretty [...]

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This is another handful of interesting articles and tidbits I’ve stumbled upon in the last week or so. I found them fascinating, informative or down right entertaining and thought you might also.
Enjoy…
Tenant File 6.0 Property Mgmt Software Review (A Video Review)
My buddy Trevor at The REI Brain did a a great little review of this [...]

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In case you missed it, a couple weeks back Freddie Mac announced guideline changes that will dramatically affect many residential real estate investors.
As of August 1st, 2008 the following changes will officially go into effect:

A borrower may not have more than four financed 1-4 unit properties (including the subject property);
For cash out refinances the borrower [...]

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