W. J. Mencarow

With a limited number of property listings amid solid demand, sellers have little reason to reduce asking prices. From December through February, less than four months’ supply of existing houses were on the market, compared with a post-recession high of about 12 months’ worth in mid-2010, according to the National Association of Realtors. Yes, interested sellers …

America’s Housing Inventory Problem, Explained in Four Charts Read More »

By Michael Taylor Last fall I learned…that a 50-acre parcel of which I am a part-owner has a planned “major thoroughfare” running through the middle of it. My agent sent me the city parcel map, and yup, there’s a bright yellow line cutting right through our property. As owners we can’t build on that. Any …

How the government can take your land without paying Read More »

Do you want to learn how to create high yield notes (who doesn’t)?  Then join the podcast with Bob Zachmeier, president of NoteCarry.com this Thurs., March 23. 5 p.m. Pacific Time 6 p.m. Mountain 7 p.m. Central 8 p.m. Eastern To hear it LIVE and be able to ask questions, when it starts in your time zone call 712-770-4160.  Enter the …

Podcast On Creating High Yield Notes This Thurs. Read More »

The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau, but stopped short of asking for the bureau to be abolished. As expected after the presidential election last year, the Justice Department under Attorney General Jeff Sessions sided …

Justice Dept. Moves Against CFPB Read More »

ATTOM Data Solutions’ recent foreclosure study shows foreclosures are at an 11-year low in ATTOM’s February 2017 Foreclosure Activity, the lowest since 2005. Additionally, foreclosure activity has decreased on a year-over-year basis for the 17th consecutive month. Though foreclosures are dropping nationally, 10 states and the District of Columbia experienced increases in foreclosure activity. D.C. …

Foreclosures Drop Nationally, Some States Can’t Keep Up Read More »

Goldman Sachs Group Inc. has become the largest buyer of severely delinquent home loans from mortgage giant Fannie Mae over the past year and a half, acquiring nearly two-thirds of $9.6 billion in loans the agency has auctioned, government records show. On Tuesday Goldman won the majority of loans at Fannie’s latest auction, its largest …

Goldman Sachs Goes on Delinquent Mortgage-Buying Binge Read More »

In a recent opinion, the U.S. Bankruptcy Court for the District of Oregon says that recording an “assignment” of a deed of trust is not always sufficient to perfect an interest in the real property. Back in the heady days just before the Great Recession, a real estate speculator (“Speculator”) engaged in a series of …

U.S. Bankruptcy Court Says Get the Note or File a Financing Statement Read More »

Click on the web addresses (URLs) to see the stories: 2017 may be your last chance to do a 1031 tax-deferred exchange. Congress may severely curtail or even eliminate them: tinyurl.com/glpqmub The Consumer Financial Protection Bureau (CFPB) — kudos to George Orwell for that — has sued a lawsuit settlement funding company, claiming they are illegally lending …

Links To Stories In The March, 2017 PAPER SOURCE JOURNAL Read More »

The Swedes bring their cars and the savages bring their flames. The burning cars are a metaphor for the impact of Muslim immigration on Sweden and the West Savages of Stockholm By Daniel Greenfield paradigmsanddemographics.blogspot.com Europe has many fine traditions. Its newest tradition is the burning car. Why burn cars? Because, as George Mallory once …

A Must-Read: Civilization is not a product, it’s a process. Read More »

As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters—and landlords. Last year, 37 percent of homes sold were acquired by buyers who didn’t live in them, according to tax-assessment data compiled in a new report published by Attom Data Solutions and ClearCapital.com …

As Wall Street backs off of buying rental homes, small investors are picking up the slack Read More »