Tenants nationwide who did nothing wrong except to rent from a defaulting owner are suffering from the mortgage fallout as well. In most states, foreclosure voids leases and banks move quickly to get tenants out. Banks traditionally press renters to leave quickly so that they can resell the property. Depending upon the state, tenants get [...]

Considering how volatile the Mortgage Business is today, now more than ever, it is important for people to deal with reputable mortgage specialists when arranging financing. Take the much-publicized rate cut by the Fed last week for example. The [...]

The media is certainly paying a lot of attention to the sub-prime mortgage situation, every time you pick up a newspaper or watch the news there is a new story and each one sounds scarier than the next. But since all Real Estate is local, this week Cherie and I sorted through some of the scarier headlines and analyzed just what it means for [...]

Whoever said, "What you don't know, won't hurt you" probably was not thinking about a Real Estate transaction when they said it. Today's buyer wants to know everything possible about the house they are buying. With so much riding on the home inspection, it might be alarming to some that anyone with a flashlight and a truck can call [...]

Have you ever felt like you missed the boat? Has everyone taken advantage of a great deal and left you standing on the shore waving goodbye? Well, that's the feeling that a lot of my investor clients have after learning about 1031 tax deferred exchanges. Investors [...]

National Association of Realtors reported last Wednesday that sales of existing homes dropped 3.8 percent in June, the slowest pace since November 2002. The median price of a single-family home rose by 0.1 percent and the price of a condominium increased by 2.6 percent when compared with a year ago - the first price gain in 11 months. The [...]

This week, Cherie and I were in the studio with Raleigh Jenkins. Raleigh is the co-founder of CAN - Concerned Airport Neighborhoods, a citizens group formed in 2000 to monitor and participate in the airport planning process for T.F. Green Airport. The expansion of this facility is one of the most [...]

If so, would you like to declare independence from your Landlord? My guest this week was Cathleen Pannicia, Director of Homeownership at Rhode Island Housing. We talked about what they can offer to first time homeowners. As the state's principal housing agency, RI Housing offers dozens of housing programs for low and moderate income Rhode [...]

This week Cherie and I had the honor of speaking with my friend Nicolas Retsinas, the Director of Harvard University's Joint Center for Housing Studies. You may know him as the former Executive Director of the Rhode Island Housing and Mortgage Finance Corporation from 1987 to 1993. Nicolas P. Retsinas was appointed Director of Harvard [...]

More home owners entered the foreclosure process during the first three months of 2007 than the final quarter of 2006, according to a report by the Mortgage Bankers Association. The MBA’s Chief Economist Doug Duncan predicts that delinquencies would continue to rise, peaking later this year. The percentage of loans in foreclosure would be [...]