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Modification or Refi? Which is it? — Livinglies’s Weblog

Just because a document bears a title doesn’t mean that it accurately describes the nature of the transaction. A modification of any agreement requires both sides to agree. Here again we have the identity of the creditor being changed — expressly eliminating any claim that the “servicer” is a legal representative of the creditor to […]

via Modification or Refi? Which is it? — Livinglies’s Weblog


Renting A Home is a Good Deal and About to Get Better — considertheconsumer

In a growing number of housing markets, it makes more economic sense renting a home as opposed to buying it, according to a new analysis by real estate marketplace realtor.com. The authors of the report measured the various costs of renting a home as opposed to owning it and found the gap favoring renting is getting…

via Renting A Home is a Good Deal and About to Get Better — considertheconsumer

Determining whether renting or buying a home makes more economic sense requires consideration of a lot of factors including your tax situation, whether you plan to move within a few years.

Home Prices Are Back At Housing Bubble Levels — considertheconsumer

Home prices have returned to the lofty levels they reached 10 years ago, just before the market crashed in a wave of foreclosures. But today’s housing market is very different from the one in 2006, according to Danielle Hale, chief economist at realtor.com. In 2006, the housing market was fueled by plentiful mortgage money and lenient…

via Home Prices Are Back At Housing Bubble Levels — considertheconsumer

This article is incorrect in my opinion as sub-prime mortgages and low documentation loans are making a comeback. It is only a matter of time until the current housing bubble bursts.

New home buying scam targets downpayments and closing fees

Buying a home can be a stressful, nerve-wracking experience under the best of circumstances. If you’re nearing closing on a new home, don’t let that stress make you vulnerable a dangerous new home buying scam. There have been numerous incidents across the country in recent months in which a hacker impersonates a real estate agent…

via Home Buying Scam Targets Downpayments and Closing Fees — considertheconsumer

The Housing Bubble is about to pop

“This isn’t your father’s housing and mortgage market- Mark Hanson, Real Estate Analyst https://www.mhanson.com/ In 2007 the largest housing bubble in American history was inflating and literally popped overnight. The Mainstream media would prefer that you focus on the DC Circus Show than on the Case-Shiller charts that indicate that 2017 looks eerily familiar. In […]

via Housing Bubble II: Bubble, Bubble, Toil and Trouble — Livinglies’s Weblog

The Habitat for Humanity Scam – Disguised as a charity.

That is outrageous that Habitat for Humanity would take advantage of low income people like this. Like most people I had no idea that this was going on. Thank you very much for sharing.



It’s been a awhile since i posted anything, mainly because I was busy and as real life has a habit of doing, forces you to deal with it.  While I was dealing with life, I had spoken with a neighbor who asked that I sit in with a group of neighbors on the street to hear their story.   The people involved are homeowners who received their homes via Habitat for Humanity.

I’ve always thought of Habitat for Humanity as a good charity who helps people get a home, that they otherwise wouldn’t get.  And that was as a far I as I saw it.   I never went through the process they have, and didn’t dig much into how they operate. I assumed like most that this charity was good and my thoughts never went past that.

So I went and sat with the ten families on my street who…

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Almost 40 millions of Americans live in housing they cannot afford

http://www.cnbc.com/2017/07/13/harvard-study-heres-how-many-americans-cant-afford-housing.html Ester Bloom Thursday, 13 Jul 2017 | 9:22 AM ET Harvard study: Almost 40 million Americans can’t afford to pay for housing According to new research by Harvard University, almost 40 million Americans “live in housing they cannot afford.” Homeownership has gone down and rental prices keep going up, meaning that millions of residents […]

via A shocking number of Americans live in housing they can’t afford, according to Harvard study — Livinglies’s Weblog

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