The Washington Post notes more on foreclosures is coming, this time from The Congressional Oversight Committee today. No link yet. A congressional oversight panel is set to warn on Tuesday that a widespread problem of flawed and fraudulent foreclosure paperwork could upend the housing market and undermine the nation’s financial stability, just as the issue […]

by Dan Crawford Key players in the development of this story are judges in each state as they interpret state law defining proper ownership. Inquiry to two people who know courts predicted most judges would probably simply ignore technical discrepancies, but as the story develops these issues are gaining traction. Bypassing property laws is a […]

Forbes Magazine has an article on the top twenty counties suffering from large per centages of house foreclosures. Cleveland was not part of the stats. Most counties were in California, Florida, then GA, AZ, and CO. Interesting. The usual suspects top the list. Wayne County, Mich., home to Detroit, is first, with 10,622 homes in […]

My thoughts are with the residents of New Orleans and the Gulf Coast tonight. This week two prominent economists predicted a housing bust and possible recession in ’06; three if you count Chairman Greenspan. Actually Greenspan’s comments, made at the Federal Reserve’s Jackson Hole Conference, were not predictions, but general observations. Quoting from Greenspan’s closing […]

The bubble discourse has reached record decibel levels this week as an unprecedented barrage of mainstream housing related articles hit the newsstands. Measured with internet searches for “real estate bubble” and “housing bubble”, bubble interest has soared: The market share of these terms across all major search engines like Google, Yahoo! Search, MSN Search and […]