Foreclosures and Tax Payer Assistance - 03/24/09 09:21 PM
I understand that well-intended politicians want to help homeowners who are at risk of foreclosure.  These politicians are trying to achieve at least three commendable goals: (1) to provide humanitarian assistance to responsible homeowners who may lose their home in foreclosure; (2) to help stabilize the financial markets by putting a floor under falling home prices; and (3)  to allow financial institutions to better estimate the true value of their sub-prime loans.  The new administration has told American that stabilizing the housing market is in the best interest of all homeowners because foreclosures reduce the value of everyone’s home an average … (0 comments)

An Inconvenient Truth--Liar Loans - 03/24/09 09:05 PM
Why has there been so little public discussion of the major role that lying on real estate loan applications has had in causing the sub-prime loan mess? Aren't the bad loans at the core of the financial mess? Yes, it's easier to scapegoat greedy, faceless corporations like AIG. And, they're guilty. But so is the real estate loan applicant who signed, under penalty of perjury, that the information in their loan application was true, but wasn't. After all, the application was used by their lender to approve or deny their loan. Many honest prospective borrowers won't sign a loan application as … (0 comments)

 
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Lloyd Binen Silicon Valley R since 1976;408-565-8177

Saratoga, CA

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Certified Realty Services

Address: CA DRE #572654, 19200 Shubert Drive, Saratoga, CA, 95070

Office Phone: (408) 565-8177

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