Rotten Real Estate News | Real Examples of Really Rotten Realty

Buyers are to Blame for the Real Estate Housing Bubble

By Bill Petrey, Realtor

It just baffles me how people want to blame bankers, real estate agents, loan officers, appraisers, etc.. for the real estate bubble. The real estate bubble, just like any other bubble was caused by a frenzied increase in demand from a new influx of buyers willing to pay more to obtain the desired item. . . . → Read More: Buyers are to Blame for the Real Estate Housing Bubble

Walk Away From Suze Orman’s Advice Not Your Mortgage

By Bill Petrey, Realtor

In Suze Orman’s book The Money Class, she advises her readers to, “Do the calculations everybody. How much is it costing you to actually stay in that house? How many years will it take for you to pay more for that house than it is worth? If it’s 3 years, 4 years, 5 years, . . . → Read More: Walk Away From Suze Orman’s Advice Not Your Mortgage

DFW Real Estate Agents That Aren’t Rotten

By Bill Petrey, Realtor

On August 22, 2011, AgentHarvest announced that it will create and maintain The AgentHarvest Top 3, a ranking of top-selling real estate agents and share that list with its clients for free. The first metro area will be the Dallas/Fort Worth Area. Other areas in Texas and the rest of the United States will follow. . . . → Read More: DFW Real Estate Agents That Aren’t Rotten

Trashing Foreclosed Homes

By Bill Petrey, Realtor

See how far some homeowners go to destroy their house before handing it over to the bank during a foreclosure. Find out who the real victims are, besides the bank, . . . → Read More: Trashing Foreclosed Homes

Banks Are Abandoning Foreclosed Homes Too

By Bill Petrey, Realtor

Homeowners aren’t the only ones making an investment decision to walk away from their mortgages. Apparently banks are walking away from their abandoned properties too. Banks that hold properties that suffer from deferred maintenance, vandalism, or declining property values may cost more to foreclose, manage and sell than the property is worth. In situations . . . → Read More: Banks Are Abandoning Foreclosed Homes Too

Voyeurs Invade Open Houses In New York City

By Bill Petrey, Realtor

Rather than being a buyer’s market or seller’s market in New York, open houses are attracting the voyeur market. Looking at real estate listings has become a spectator’s sport to see what the Joneses are up to. Almost half of the people going to open houses in New York are there to rummage in . . . → Read More: Voyeurs Invade Open Houses In New York City

War Declared On Real Estate Agents By Prior Lake, Minnesota

By Bill Petrey, Realtor

Prior Lake, Minnesota declared war on real estate agents on August 21st, by enforcing a sign ordinance law that hasn’t been enforced in years that prevents the posting of signs promoting real estate listings, open houses, garage sales, etc. Sign ordinances like this hit real estate agents the hardest. What better time to start . . . → Read More: War Declared On Real Estate Agents By Prior Lake, Minnesota

Homebuyer Tax Credit: Nearly Half Will Be Required To Return It

By Bill Petrey, Realtor

Nearly half of the homebuyer tax credit recipients have recently discovered that they will be required to return it to the government. If you received a tax credit, find out if you have to return your too. If you filed wrong, or had your home sale fall outside the rebate period, or got one . . . → Read More: Homebuyer Tax Credit: Nearly Half Will Be Required To Return It

Financial Jihad – Is The 9/11 Ground-Zero Mosque Site A Hostage For Ransom?

By Bill Petrey, Realtor

For the past few months, the debate about building a mosque on 9/11′s Ground-Zero, has been hotly debated. Is it a slap in the face of all Americans? Is it a Muslim trophy, and a sign of Jihad victory? Is it tied to the terrorist Muslims? All these topics have been discussed on all . . . → Read More: Financial Jihad – Is The 9/11 Ground-Zero Mosque Site A Hostage For Ransom?

The Homeless Are Coming To YOUR Neighborhood

By Bill Petrey, Realtor

Dallas City Councilman Dave Neumann claims he got blindsided by the Dallas Housing Authority’s plan to house the homeless in Cliff Manor. Source: Dallas Observer

Homelessness is a horrible issue that I don’t wish on anyone. But there are two types of homeless people. The first type are the good people, down on . . . → Read More: The Homeless Are Coming To YOUR Neighborhood

Home Affordable Modification Program (HAMP) Redefaults Approaching 50%

By Bill Petrey, Realtor

Want to know how your soon to be increased tax dollars are being spent? HAMP was designed to help homeowners, unable to pay their mortgages, avoid foreclosure. Instead, we’re spending millions of dollars just to give them a few more months in their home before they lose it. Now that’s money well spent. . . . → Read More: Home Affordable Modification Program (HAMP) Redefaults Approaching 50%

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