I haven’t been updating here like I have been in the past… still working on other web projects but here’s the linkage from the past week:
- News that FHA reserves will drop below the requried limits, restrictions will become tighter if it wasn’t already more difficult for some to get a home loan with solid credit history.
- I’m seeing more people ask about or do ‘strategic defaults‘ when it comes to letting their home go into foreclosure just because the value in their house has dropped. They can afford the house they just don’t to deal with it anymore.
- A about a month ago, parts of the hotel Ivy in downtown Minneapolis went into a court appointed receivership. Now the condo side of the Ivy Hotel and Residences went into receivership. Sounds like a giant mess.
- Yeah, I’d live in it.
- And the Fed reported that household net worth is off $12.2 trillion from the peak of the market, OUCH!!!
- Lender takes back a Woodbury Lakes shopping center.
If I missed out on any, add them below
