Yes, Virginia, There Is a Santa Claus. » Obama Homeowner Aid Plan A Bust Posted by JERRY REMMERS, Columnist in At TMV, Breaking News, Economy, Politics. Dec 24th, 2009 | View commentsComments The Obama administration’s $75 billion program to help homeowners escape foreclosure is a failure and should be scrapped. By unintentional consequences, the government [...]

Jonathan Bender’s Long, Winding Road FanHouse “I always wanted to learn about real estate, so I just jumped in headfirst,” Bender says. “Before long I was employing numerous amounts of people, … “I always wanted to learn about real estate, so I just jumped in headfirst,” Bender says. “Before long I was employing numerous amounts [...]

There is a lot of confusion out there today over how the first time home buyer tax credit extension figures into the Commerce Department’s report on sales of new construction. “New Home Sales,” as we call it, plummeted 11 percent, quite unexpectedly, after another rise in “Existing Home Sales” yesterday.

I’ve already written a lot about investors in Las Vegas coming in with cash and pushing the organic buyers to the sidelines. Well apparently it’s happening all over now, making me wonder just what exactly is going to happen to all those investor-owned properties?

In the last few days I’ve been bombarded with press releases from the likes of Citigroup, Fannie Mae and others, touting their holiday foreclosure moratoria.