Blogging Broker

Ok, I know I have been absent from the blog scene but I just read an agent’s comment on an MLS listed home that compelled me to hit the keyboards.
The comment:

“VERY cooperative and creative seller”
My questions to the agent would be, if the seller is so cooperative how come the home has been on the [...]

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Just came across this article.
Ax May Fall on Tax Break For Mortgages
SNIP:
“The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits.”
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Should homeowners and investors lose the tax deduction they now enjoy they would have [...]

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Q.]  What is worse than losing your home?
A.]  Having to pay taxes on the amount of debt you were “forgiven” by the lender.
This is a quick follow up to my last post and provided the link the State’s website:
Mortgage Forgiveness Debt Relief Extended.

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Mortgage Debt Relief at last!.
Governor Schwarzenegger signed SB 401 (Wolk) into law on Monday.  This bill aligns the state’s treatment of forgiven debt with that of the Federal government.
What it means is that distressed owners that are forced into foreclosure or a short sale will not be taxed on the difference between the sales price [...]

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Haven’t blogged for ages.  Got onto Facebook and started using it.  I suppose I’m experiencing technological overload and am not certain as to where to best deploy my resources.
Nevertheless, here is my first comeback blog, which is nothing more then pointing to an article I just read:
Economic View – Don’t Bet on a Long Housing [...]

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Very interesting.
The Big Picture » Blog Archive » Your Own Private Hydrogen Power Station.

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Imagine 15 Empire State Buildings, all of them sitting empty. That real estate broker’s nightmare comes to more than 43 million sq. ft., which is how much commercial space stood vacant in Silicon Valley as of the end of the third quarter, according to CB Richard Ellis Group (CBG)
Read the entire article HERE

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There are 920 football fields of available office space in Manhattan. More than 180 major buildings totaling $12.5 billion in value — from Columbus Tower at 1775 Broadway to the office tower 400 Madison Avenue — are in trouble, meaning in many cases they face foreclosure or bankruptcy, or have had problems making mortgage payments. [...]

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Well, fecal coli in drywall can’t be good.  They will be YEARS dealing with this crap. (no pun intended)
Chinese Drywall Has Left Tens of Thousands of Homeowners Out of Options.

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According to Treasury Department figures, nearly 700,000 trial modifications under Making Home Affordable were underway by the end of November. But with fewer than 32,000 converted to permanent modifications, it means a net drop of permanent loan modifications since the Obama plan began.
Servicers, White House Point Fingers as Foreclosure Plan Fails « The Washington Independent.
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