Thursday, July 21, 2011

Immunity on Foreclosures for Banks?? What??

The latest in the state attorneys general negotiations with major lenders is an attempt to get immunity for major banks over irregularities in handling foreclosures in light of evidence emerging that banks are continuing to file questionable documents[1]. Bank of America, Wells Fargo, Citigroup, JP Morgan Chase and Ally Financial could get immunity from civil lawsuits

Wednesday, July 13, 2011

10 Best Cities to purchase rental Property


10 best cities to buy a rental property

Tampa, Fla.

7 of 11

Tampa, Fla.

Average home price (2011): $152,700

Projected home price (2014): $147,200

Gross rent (2011): $832

Projected gross rent (2014): $933

As home to many of Florida's retirees, rents in Tampa have bounced up and down a little, but have remained basically flat the past three years.

But with the local labor market on the mend -- the unemployment rate fell a point over the 12 months ended in May and is down to 10.5% -- rents are expected to take off, increasing about 12% over the next three years, according to Local Market Monitor.

Right now, the biggest housing problem in the area is that there is too much of it, according to Winzer. Last year, home prices dropped about 10% due to an oversupply of investment properties built during the boom.

Yet, Winzer projects returns for rental property investors should still exceed the national average by about 2.4% a year.