June 2009

Beach books: Real estate turmoil provides good reading

Posted on Saturday, June 20, 2009

Haven’t heard enough bad news lately? Try “Foreclosure Nation: Mortgaging the American Dream” by Shari Olefson, a Florida-based real estate attorney. In her book, Ms. Olefson takes a sobering look at the sub-prime and speculative affliction that’s mightily contributed to the recession in which we ot...

Much More Than I Expected

Posted on Saturday, June 20, 2009

I just finished reading the book, and I'm pleasantly surprised with how detailed, and how current all of the information is. The book gives an enlightening history on how the mortgage process started in America, all the way through to the point where the real estate "bubble burst" resulting in the c...

Olefson is on the Mark

Posted on Saturday, June 20, 2009

Ms. Olefson has hit the nail on the head. I appreciated the no nonsense approach to this huge issue. This is a great read for homeowners and professionals alike. Money well spent....when there's not a lot of money around to spend!! - Andrew...

Best Book On The Foreclosure Crisis

Posted on Saturday, June 20, 2009

Shari Olefson has hit the ball out of the ballpark! "Foreclosure Nation: Mortgaging the American Dream" is a masterpiece. Ms. Olefson, a renowned South Florida commercial real estate attorney/mediator and partner at Fowler White Boggs in Ft. Lauderdale, has written a book filled with erudition. Grea...

Very Informative and Timely

Posted on Saturday, June 20, 2009

Just read Foreclosure and want to highly recommend it to anyone wanting to have some clear understanding of the reasons for the real estate meltdown and how to handle financing issues going forward. Very practical, useful and insightful. A real handbook for the times. - David...

A Must Read!

Posted on Saturday, June 20, 2009

Wow! It's rare to find a book that is so topical and so detailed. If you want a better understanding of the current foreclosure crisis, get this book. If you want help understanding how the mortgage and foreclosure processes work in general, get this book. Olefson has laid it all out in the most und...

A Real Winner! By Midwest Book Review

Posted on Saturday, June 20, 2009

Real estate attorney and educator Shari Olefson is an expert in the current mortgage crisis and its effects on homeowners, and here explains legal and financial terminology and how the national mortgage system works. From choosing a mortgage professional and deciding which product fits to getting th...

What A Call To Action!

Posted on Saturday, June 20, 2009

This is THE most comprehensive, easy to read book on a topic I knew very little about ever. I was looking for a quck way to get up to speed on this whole crises and especially the parts that will affect my home value. Anyone with similar concerns needs to read this book. It explains all of the comli...

Discounts On Re-Sale of Lender Commercial REOs

Posted on Thursday, June 18, 2009

Here's a quick recap of some of the ruors floating around out there about the extent to which lenders are discounting prices on the sale of commerciall REOs.... Miami-Dade County: Aventura: Bank-owned condo reduced by 52 percent. Bal Harbour: Bank-owned, oceanfront condo reduced by 33 percent....

Changes Make Same Old Banks Look Better

Posted on Sunday, June 07, 2009

Let's not forget that you can play with numbers to make them appear just about any way you want. Congress recently revised the requirement mark to market accounting rules (see other blog entries for more explanations). Without even discussing the merits of mark to market and whether thise rules do...

The News About China Simplified

Posted on Sunday, June 07, 2009

The Chinese don’t consume as much stuff as we do. So they produce it and send it here (meaning they export to us). We buy it, thus giving them our dollars. Rather than invest all of our dollars we pay them for their stuff in their own country, they invest the money in our Treasuries, making the C...

A Quick Overview of the State of Commercial R.E.

Posted on Sunday, June 07, 2009

Global sales are down to about $50 billion compared to the most recent high of almost $400 billion. Global defaults and failures exceeded $55 billion during the first quarter of 2009 bringing the total value of all defaults and failures to $153 billion, a 56% increase from fourth quarter 2008. T...

TARP Money

Posted on Friday, June 05, 2009

The Feds are being stricter with the big banks than the small ones, requiring them to try raising money themselves before giving back funds they’d borrowed from Uncle Sam even if they passed the “stress test.” B of A supposedly raised $33 billion....

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