Top 5 real estate posts of the day Monday 6/29/2009

Top 5 real estate post for 6/29/20091) New research on walking away – This report takes a look at when people decide to walk away from their home and let it go to foreclosure.

2) Banks suck at selling Phoenix real estate – Jonathan Dalton is one of my favorite reads every morning, and nails this one right on the head. This is a typical foreclosure transaction in Phoenix right now, and from what I understand it is not far off from what is going on in Las Vegas too.

3) A few mortgage thoughts of the week – HVCC, $8000 tax credit monetization, it’s covered here.

4) Calculating income of employed W2 borrowers for mortgage qualifying – Curious how your income works when getting a mortgage and how recent increases or decreases can effect it? This helps answer those questions.

5) FHA condo approval process – MAJOR guideline changes – Come October 1st there are going to be some major changes for FHA guidelines on condos. Make sure you know about them before they get here.