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negative equity: Underwater Mortgages and Negative Equity is in FULL BLOOM - 10/12/10 06:15 AM
The latest foreclosure debacle by BofA, GMAC, JPMorgan and PNC will, IMHO, most undoubtedly be joined by Wells Fargo, Citi and even Fannie & Freddie. To that point it is our belief that a meaningful and useful solution to the negative equity in residential real estate is one major component that the administration and the treasure refused to address. To add fuel to this fire, is it not interesting that the latest "hot dog" bill from Barney Frank and Chris Dodd (Dodd-Frank Wall Street Reform and Consumer Protection Act) specifically signals out and distances itself from helping folks in the hardest … (20 comments)

negative equity: DO YOU TRULY BELIEVE GDP IS GROWING? - 10/09/10 08:56 PM
It curls my hair, and I don't have any hair to curl, when the press spins economic news. Yes, it is true that the GDP reported a growth of 1.7% for the 2nd quarter of 2010 which is in fact on the positive side of "centerline"; however THIS GRAPH, obtain from the U.S. Department of Commerce Bureau of Economic Analysis http://www.bea.gov/ clearly demonstrates that our the US economy, as defined by GDP, is trending down.  You make up your own mind about where you think the next trend indicator will land for the 3rd & 4th quarters of 2010.
It is … (2 comments)

 

G-II Varrato II

Luke AFB, AZ

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Coldwell Banker Residential Brokerage

Office Phone: (623) 344-4000

Cell Phone: (602) 796-5674

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My BLOG is published to help contribute mine and my wife, Lori Klindera, knowledge and experience of the industry, unusual transactions, and other industry related articles. We are REALTORS for over two decades, practicing first in Florida and now for the past decade plus, in The Valley of The Sun, Phoenix Arizona.


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