Here are 5 really good reasons you won't see a Housing Boom anytime soon. No More Mortgage crazyness. Housing doesn't look like it has a chance of coming back strong anytime soon. You have problems with negative equity, shadow inventory, and more. It could be many years before housing really starts to recover. And it makes sense, so jump in and see if you agree.

Today state regulators in Maine ordered 15 “Foreclosure Rescue” companies to stop doing business in Maine. I applaud their actions.

There has been an “infestation” of these types of companies taking advantage of vulnerable homeowners at a time when they are stressed out and/or behind on their mortgage payments. Most of these companies are telemarketing sales organizations, claiming to be law firms. Under closer inspection, it generally turns out that they are not associated with any respectable law firm. Instead they are generally associated with a sole practitioner with few credentials. More often than not, the end result for the client is that they have paid a substantial fee, no effective work is accomplished, and they end up just that much further behind on their mortgage. It is a national disgrace.

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