Ask Real Estate Attorney Ted Greene

Short Sale and Distressed Property Expert

Month: January, 2013

I Know They Think They are Helping – But They Aren’t

The saying: “ With friends like that who needs enemies” comes to mind. We all can agree that banks are the main culprit in our current housing mess. I would also add Wall Street and lax governmental oversight into the mix. But when Washington tries to solve a clear problem the pendulum swings way too far sometimes and now is the sometimes. Read the rest of this entry »


Don’t be Fooled by the Headlines – It’s Still BAD Out There

I really don’t like being negative a person. My normal character is to look at things from a glass is half full perspective. Unfortunately the recent report I just read leaves me no choice but to be negative. 

The bad news was from Fitch Ratings as reported in the Daily Real Estate News. Overall Fitch Ratings said it “remains cautious” in its outlook on home values. The report explained that the recent uptick in pricing was due to technical factors rather than “fundamentals”. Read the rest of this entry »

The Mortgage Debt Forgiveness Relief Act is Extended for One Year