Archive for June, 2011

Are Home Prices Headed Up or Down?

Here are two headlines that appeared in print within this month:

LA Times: Case-Shiller Home Price Index Hits New Low 

Forex: CoreLogic: Home Price Index Increased 0.7%

In the Los Angeles Times story, David Blitzer, chairman of the S&P index committee, was quoted as saying: (more…)

Bank of America Gets Pad Locked After Homeowner Forecloses On It

Collier County, Florida — Have you heard the one about a homeowner foreclosing on a bank?

Well, it has happened in Florida and involves a North Carolina based bank.

Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff’s deputies foreclose on the bank. (more…)