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Peter L. Mosca, host of Income Property Investment Talk dot com, shares an excerpt from his interview with Steven Moreira, CCIM, CIPS, and CEO and sole stock-holder of the 4-Quadrant Magic Companies, who provides a comprehensive look at the financial markets, financing, and what is happening on the streets in the marketplace, right now in terms of funding and lending.
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Here's a tongue twister: If Sally sells short sales down by the sea shore how many sales will Sally sell short if Sally doesn't close any short sales?
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It's about to get tougher to qualify for a Federal Housing Administration (FHA) mortgage, often considered the replacement loan for the collapsed subprime market.
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While some people struggle to keep their mortgage payments current, others are living in their houses for free. Not only are they not making mortgage payments but they are being offered incentives when they don't.
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A word of advice for builders, contractors, developers and all other players interested in re-building strength back into the real estate marketplace: only strong, balanced, and experienced leadership at the executive level will pull the industry through to the next upcycle.
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The board cannot be held accountable for something under the control of the members. Columnist Richard Thompson explains.
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