Thursday, July 29th | The Monopoly Report
23:04

Functional Obsolescence

Functional obsolescence is a term when used in real estate to indicate a feature of a home that is not longer useful or desirable today.
Homes with 3 bedrooms and only one bath were popular in the 50s and 60s, but now are functionally obsolete; buyers want two bathrooms. Homes with detached, 1 or 1.5 [...]
22:13

Short Sale Defined:

In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor.

21:30

TMR Live 92 | The Foreclosure Phantom and Rust is the New Green

Carl Keating and in studio guest Sherry Denton of Keller Williams Realty discuss the possibility of a rumored 600,000 phantom foreclosure property more than doubling the current US REO levels. We then move our focus to the mid-west and take a look at the “Green” initiatives underway as part of the rust-belt’s urban recovery plans.

 
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President Obama On Working Through The Mortgage Crisis

Published on Sun, 12/04/09 | Headlines, National
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President Obama On Working Through The Mortgage Crisis

President Obama meets with the Housing Refinance Committee and a group of American home owners to discuss the mortgage crisis. He covers the initial causes of the crisis and the targeted goals of the administration’s programs designed to help a reported 7 to 9 million people who are eligible under the various program guidelines.

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For more information on the requirements and guidelines for each program you can read The Making Home Affordable Program - Frequently Asked Questions document prepared by the Obama Adminstration. This FAQ offers clear answers to many of the questions borrowers have had since the program was launched earlier this year.

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