Michael McCann

A Little Perspective on Declining Home Values

Many people are deciding to walk away from their loan obligations simply because they are upside down on the principle and owe more than it is worth; I have to ask Why, just because you can?, Just because your neighbor is doing it? Would it surprise you to know that more American are upside down on a loan with no hope of ever recovering [...]

Take the house off the lot!!

I have been thinking about what to say for my first real estate related blog. I thought I would talk about what I say to buyers as they are looking for homes to buy. I always say, do me a favor, take the home off the lot and concentrate on the lot itself!! Do you like the location? Do you like the shape and the contour of the lot? Is it [...]

Rate of Foreclosures Down in the Ocean State

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Two positive items came across my desk this week; The first is that the rate of foreclosures in Rhode Island has started to slow down, according to RealtyTrac, an Irvine California company that tracks foreclosures. Nearly 1,600 foreclosure filings were made during the 3rd quarter, up 33% from the same period last year, but down 3.7% from [...]

The RISD Chace Center

Among our great neighbors on the East Side of Providence are Brown and RISD. Their contributions to the fine and performing arts make the East Side a culturally rich place to live. Most recently at RISD, the Chace Center, which houses a student center, classroom and studio spaces, expansive exhibition space, as well as a bridge to the [...]

Rich Epstein At Bat

I tap the top left corner of home plate and slowly raise the bat high above my right shoulder. I bend my left foot and press up on the ball of my foot to balance my weight. The crowd is present, but in a cloud of silence. The pitcher stares down the mound towards me in an effort to rattle me. He wants to make me think about where I am, not [...]

Hope For Homeowners

HUD officials have compiled a list of lenders participating in the Hope for Homeowners program, which could help homeowners refinance problem loans into new 30-year fixed-rate mortgages insured by the FHA. There are four ways that a distressed homeowner could pursue participation in the HOPE for Homeowners program [...]

Living in Newport Rhode Island

I will never be a Newporter but I hope to come close to it! Being married to one doesn't count. Having lived and worked in the City by the Sea for almost twelve years, I am at my happiest in life with my surroundings for living, work and play. I will live the life of a Newporter, but will never be one. What does it take? To be born in [...]

Enterprise Network Conference

I attended the first annual Enterprise Network Conference in beautiful Breckenridge, CO. The Enterprise Network is an invitation-only network of private Real Estate firms who share and proactively develop advancements in technology. The Network functions under the umbrella of [...]
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