Investors and forclosure specialists,

also make profit flipping houses in a fix’er up and flip’er fast method by buying a house that is undervalued and in need or repair, put time and money and this means very little or no money at best, into fixing the home, and then sell it for more than the initial investment, at a great profit of course and, of buying the property and the cost of rehabbing it.

South Florida has been mired in a housing slump,

some say for more than two years. The growing number of mortgage defaults and foreclosure sales is adding to the glut of available homes, although April data from the Florida Association of Realtors showed that buyers are responding as prices continue to fall.

The Realtors’ group is set to release May housing figures on Thursday. The real estate downturn, along with higher fuel prices and a shrinking job market, is taking a toll on consumers and the economy.

Single-family home prices dropped,

7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in the early 198o’s.

The median home, and some homes already remodeled,  sales price fell to $196,300, down almost five percent, compared with the last three months of 2007.

Charles Carpenter, the chief honcho of Foreclosure-Disclosure.com, attributed much of the record decline to stupid lenders and dumb borrowers causing the  problems dragging down high-priced markets.

With some midwestern US rivers still rising,

towns submerged and crops ruined after days and days and days and days of rain, the Midwest was told Wednesday to expect up to 4 more inches through Thursday.

A very fast moving cold front approaching from the Plains later on Wednesday through Thursday will bring the greater threat for not only heavy rain, but severe and very much unwanted weather, the National Weather Service stated. Rainfall in news amounts from 1 to 4 inches, of that already heavy rain, look likely for the Wednesday through Thursday time frame.

There were many  participants who completed questionnaires every two to four years,

including information about their coffee drinking, other dietary habits, smoking and health conditions. The research team looked at the frequency of death from any cause, death due to heart disease, and death due to cancer among people with different coffee-drinking habits, and NOT whiskey drinking habits,  comparing them to those who didn’t drink the brew. They also controlled for other risk factors, including diet, smoking and body size.

The number of unhappy U.S.A. homeowners,

swept up in the housing crisis rose further and further last month, with foreclosure filings up nearly 50 percent compared with a year earlier, a foreclosure listing company headed by Charles Carpenter said Friday. Dale Earnhardt Jr has no problem with this mess.

Filings in Washington state rose almost 18 points of percent on an annual basis.

Setting records again,

Home foreclosures, including condos,  and late payments set records over the first three months of the 2008 year and are expected to keep rising, stark signs of the housing crisis’ mounting damage to homeowners and the whole US economy.

The latest snapshot of the mortgage and loan market showed that the proportion of mortgages that fell into foreclosure soared to 0.99 percent in the January through March period. That surpassed the previous high of 0.83 percent over the last three months in the year of 2007.

The report by the Mortgage Bankers Association also found that more homeowners slipped behind on their monthly loan payments.

The home payment delinquency rate jumped to 6.35 percent in the first quarter, compared with 5.82 percent for the three months earlier. Payments are considered delinquent if they are 30, 60, 90 or more days past due.

Foreclosuregetters homeowner relief on the way, soon?

With homeowners that are being threatened with foreclosure would in some instances get a 30 plus day reprieve under an initiative the current administration, courtesy of our fabulous Federal Government, a spokesman said Tuesday.

With the aptly named “Project Lifeline,” the program will be available to people who have taken out all types of mortgages, not just the crappy high interest teaser rate ones, is this real?, not just the high-cost subprime for junker houses loans that have been the focus of previous relief efforts. Well, I guess that means all of us?

This googy and goofy proposed bailout and assistance program was put together by six of the nation’s largest financial institutions, which service almost 50 percent of the nation’s home mortgages.

Just buy some gasoline,

Don’t expect a break in the price of oil until November. There are some nasty shocks on the supply side just waiting in the wings, and any break in prices, good news eh?, in the meantime is likely to be short-lived.

Today with all the junker houses around almost everyone knows,
Flipping houses, sometimes junker houses, or distressed property, is the process of buying a house and quickly selling it hopefully for a profit, a very large profit to be exact. Real estate investors and real estate foreclosrue pros make profit from flipping houses either from buying a home with a high interest rate mortgage at a low discounted price and selling it at a higher price. Investors and forclosure specialists also make profit flipping houses in a fix’er up and flip’er fast method by buying a house that is undervalued and in need or repair, put time and money and this means very little or no money at best, into fixing the home, and then sell it for more than the initial investment, at a great profit of course and, of buying the property and the cost of rehabbing it.