Housing Market Thoughts

Looks like the housing market is looking up….NOT. Housing prices are not recovering. This is horrible. Properties were once one of the best ways to get rich in America but this is not true anymore. According to a lot of articles that are coming out this week, the house is not your biggest asset anymore. You can be better off renting, at least you will be recession proof, or at least your net worth will not take a serious hit if your value of your property takes a hit. Mortgages are crazy these days. The interest rates have started to come up but the housing prices are not. How can people win in an economy like this? Bad credit mortgages can help you do that.

I think it will be easier to just move back in with your parents if you don’t have money to pay for your mortgage. Move in with the entire family, take your wife kids and second car back to mom. Save a lot of money that way by sharing in the utilities, sharing in the space, and paying no mortgage at all. More money for grand family vacations to Europe.

Seriously, if you don’t have work or are trying to find work or don’t think you’ll have any work in the near future, it will be crazy to keep an expensive mortgage. If you lose your job, you don’t have any protection at all and you could lose your house and the money that you already put into it. With housing prices totally depressed, you will lose money on the deal and will probably get no money back. Scary proposition right? Well, that’s the reality of the world these days, folks.

How to add registered domestic partner to title after home purchase complete


I am buying a house and mortgage is in my name only. I would like to add my registered domestic partner to the title after escrow closes. How is this done?


You will have to sign a quit claim deed  and add your partner to the property deed. Your name will be mentioned as the grantor of the property whereas both you and your partner’s name will be mentioned as grantee to the property.

How do you remove spouse from the warranty deed

Question: How do i remove my spouse from the warranty deed of my house if the loan is in my name?

Continue reading How do you remove spouse from the warranty deed

Should I Refinance Home

These are crucial times. The housing industry is in a slump and jobs are threatened. Everyday we are reading more and more bad news from the economy. Sometimes, the important question we ask ourselves is:

Continue reading Should I Refinance Home

What is “Making Home Affordable” all about?

The Making Home Affordable Program is part of the Obama Administration’s broad, comprehensive strategy to get the economy and the housing market back on track. The Making Home Affordable Program offers strong options for homeowners: (1) refinancing mortgage loans through the Home Affordable Refinance Program (HARP), (2) modifying first and second mortgage loans through the Home Affordable Modification Program (HAMP) and the Second Lien Modification Program (2MP), (3) providing temporary assistance to unemployed homeowners through the Home Affordable Unemployment Program (UP), and (4) offering other alternatives to foreclosure through the Home Affordable Foreclosure Alternatives Program (HAFA).

Interesting bits

Latest from the News

Read the news carefully today. You never know what you're gonna get. For recommended reading materials on mortgages and refinance aspects and how to fix your deeds or just plain news on real estate, check out the new york times online. It's a very good source of information.