Real Estate Alert: Home Flippers Getting Burned In Key Markets

Real Estate Alert: Home Flippers Getting Burned In Key Markets Highlighted On HGTV Reality Shows

real estate alert
Real Estate Alert! Amateur home-flippers are getting burned. Especially on fixer-uppers. Contrary to what HGTV shows are telling you. Real estate markets highlighted on HGTV reality shows are not as profitable as they show on TV.
The ATTOM Data Solutions’ third-quarter 2019 U.S. Home Flipping Report states returns on home flips stood at the second-lowest point since 2011.
Todd Teta, chief product officer at ATTOM Data Solutions told Housingwire:

Comments

Post a Comment

Popular posts from this blog

Caliber Home Loans Fights To Survive FDCPA Class Action Suit

Image
  Caliber Home Loans Fights To Survive Class Action Suit Alleging Violations Of The Fair Debt Collection Practices Act  Caliber Home Loans fights for its life after it was  named as the defendant in a 52-page lawsuit . The lawsuit alleges Caliber Home Loans violated the Fair Debt Collection Practices Act.  The plaintiff states his previous servicer accelerated his loan on March 6, 2010, and filed a foreclosure proceeding against him. The mortgage servicer later dismissed the foreclosure action. Caliber Home Loans obtained the debt after it went into default. The mortgage servicer then sent the plaintiff a collection letter in July 2017 demanding payment and threatening legal action. The case argues the statute of limitations for such action had expired by 2017. Therefore, the debt was unenforceable and the defendant’s threat of litigation was deceptive. The case states Caliber sent the plaintiff additional letters in September 2017. The letters failed to clearly stat...
Read more

Hawaiian Foreclosure Defense Attorney Gary Dubin Disbarred

Image
  Hawaiian Foreclosure Defense Attorney Gary Dubin Disbarred About Previous Legal Issues And For Defrauding Clients  The Hawaiian Supreme Court  has disbarred  Hawaiian foreclosure defense attorney Gary Dubin. The court entered a final order imposing the sanction of disbarment effective Friday, October 9, 2020. However, the court did give Dubin an extension to November 9, 2020, to wrap up his business. The court also is requiring Dubin to notify his clients of his disbarment. The Hawaiian foreclosure defense attorney says he will appeal to the US Supreme Court. The Hawaii Supreme Court found Dubin had committed multiple serious acts of misconduct. Specifically, in Office of Disciplinary (ODC) Case No. 16-O-151. In that case, the court found that Dubin knowingly lied about his past. Dubin stated in a 2008 mortgage solicitor license application that he had not been convicted of a crime within 20 years. It was discovered this was not true.  Read More At MFI-Miami
Read more

Deutsche Bank Plans To Foreclose On Trump Real Estate

Image
  Deutsche Bank Plans To Foreclose On Trump Organization Properties If They Can’t Dump Trump’s $340 Million Debt Deutsche Bank plans to end the bank’s relationship with the Trump Organization and Donald Trump after the U.S. elections. The Trump Organization owes the bank about $340 million. The loans are against Trump’s golf course in Miami and hotels in Washington and Chicago. Deutsche Bank gave the Trump Organization loans that have Trump paying only interest on the loans so far. The entire principal is outstanding on two of the three loans. The loans come due in 2023 and 2024. The three loans against Trump’s properties and start coming due in two years. The loan payments are current on payments and personally guaranteed by the president. Read More At MFI-Miami
Read more