Is The FDIC Killing Short Sales? - 09/29/09 08:47 AM
Now somebody tell me again how the government is qualified to "help". 
No wonder the FDIC is running out of money.  They're giving it away hand over fist to their buddies.
Via Bob Hertzog (Summit Home Consultants):
Is The FDIC Killing Short Sales?
As some of you already know, I blogged recently about being interviewed recently by our local NBC news affiliate.  To read the blog, click here.  Basically, IndyMac Bank (now OneWest Bank), is holding one of my clients hostage, demanding a $75k promissory note, or they will proceed to foreclosure.  For the life of me, I couldn't figure out why they … (2 comments)

Feng Shui This Courthouse in Paris KY - 09/23/09 11:00 PM
Feng Shui This Courthouse in Paris KY
Last week I went on a little excursion to Paris without leaving the state.  Our Paris is in Bourbon county, KY.  You can't get more KY than that!  While driving to Paris you can almost feel your blood pressure go down as you gaze over the beautiful green fields with their stately mansions and gorgeous horses.  And, yes...there are even a few cattle on the way.  Horses may get all the attention, (Secretariat lived here and is buried at Claiborne Farms) but here in Kentucky we also love our cattle.  Just ask them, they'll … (7 comments)

Why Should I Invest My Savings in Farmland? - 09/15/09 08:48 PM
Why should I invest my savings in farmland?
Banks are going down the proverbial toilet, Stocks can't be counted on anymore...who knows what the government is going to do next?  What should you do with your savings before its lost even more value?  
Invest in farmland.  It's safe, it's secure, and farmland is getting more scarce by the day.  If you have a good piece of farmland, it's going to be producing an income with the crops it provides, whether you farm it or someone rents it from you.  Managed well, it's going to produce income enough to pay its taxes, as well as give you … (7 comments)

Millions More Foreclosures Coming - 09/11/09 05:09 PM
The other shoe is about to drop.  More bargains are going to be showing up on the local markets.  I suggest that people with money start looking into investing that cash in real estate.  It may be more secure than the banks.  At least it will still be there down the road, even if the banks are not.
Via John Mulkey, Housing Guru (TheHousingGuru.com):
If the economy is improving, do we really have millions more foreclosures coming? According to the U.S. Treasury, the answer is yes. In written testimony to Congress, Assistant Secretary for Financial Institutions, Michael Barr said that, regardless of the … (3 comments)

 
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Monica Hess

Lexington, KY

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