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In May I began receiving offers for low interest loans for just about anything I want to use them for. They seem to come daily now. I know people in the business wouldn't bite into this little scam, but I have no doubt someone in dire need of cash might. Because so many of my previous post have resulted in "thank you" emails from people that searched Google and discovered my warnings after receiving such offers, I felt I should post this one as well. All of these "lenders" will asked for upfront fee's to be paid, and of course, no loan will ever come of it. ----------------------------------------- From: WILLIAMS LOAN INVESTMENT info@mrdmantelloanfirm007.com Hello I am osmald williams a private Loan lender and a cooperate financial for real estate and any kinds of business financing. I also offer Loans to individuals, Firms and cooperate bodies at 3% interest rate per annum and 0.5% interest rate monthly base, loan terms determinant, Loan amount between the sum of $5,000.00 to $50,000,000.00 US Dollars.Loan for developing businesses a competitive edge/ business expansion. We offer the following kinds of loans: * Personal Loans (Secure and Unsecured) * Business Loans (Secure and Unsecured) * Consolidation Loan * Combination Loan -Low Down or Zero Money Financing Program Available -Great Refinance Programs with competitive rates, Fixed, Arms, Interest Only. -Quick Cash Loans: Home Equity Lines of Credit and 2nd loan-Self-Employed, Stated, No Income/No Asset. FIRST INFORMATIONS NEEDED ARE: Full Name:............................... Country:...................... ........... Marital status:.............................. Contact Phone numbers:......................... Amount Needed :......................... Loan Duration........................ Contact E-mail:mrdmantelloanfirm007@gmail.com THERE IS NOTHING TO LOSE BUT YOUR DEBT AND FINANCIAL PROBLEMS !!! Here to show you a better way to financial freedom !!! Thanks Warm regards Osmald Williams ------------------------------------------ From: Ky Mortensen KMortensen@vetmed.lsu.edu Goodday, Are you a business man or woman ? Are you in any financial mess or do you need funds to start up your own business? Do you need loan to settle your debt or pay off your bills or start a nice business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks/other financial institutes? Do you need a loan or funding for any reason such as: a) Personal Loan,Business Expansion, b) Business Start-up ,Education, c) Debt Consolidation , d) Hard Money Loans We offer loan at low interest rate of 5% and with no credit check ,we offer Personal loans, debt consolidation loans, venture capital,business loans, education loans, home loans or "loans for any reason!". However, Our method, offers you the chance to state the amount of loan needed and also the duration you can afford, This gives you a real chance to get the funds you need! Any interested Applicants should get back to me on my email at mrdavidwall@live.com Thanks. ----------------------------------------------- From: David Williams lsokolov@ugr.es Good day I am a financier I am willing to lend out loans with the interest rate of 4% and with in the amount of $10,000 to $5,000,000 as the offer, I offer loan to all categories of people, firms, companies, all kinds of business organizations, private individuals and real estate investors, I give out loans at very cheap and moderate rates. I am a certified, registered and legit lender. You can contact me today if you are interested in getting this loan, contact me for more information about the loan process, process like the loan terms and conditions and how the loan will be transferred to you. I need your urgent response if you are interested. You are to contact me with this Email:david.williamsloans@hotmail.com I hope to hear from you. Best Regards Mr David Williams -------------------------------------------------- From: David Wall <mrdavidwall@live.com> Hello, Below this mail is the loan application form. Please fill out the application and return it to me. I have also included my contact information below. I look forward to assisting you with your loan needs at 5%. Please feel free to contact me if you have any questions. I WANT YOU TO FILL THE LOAN FORM, USING THE CORRECT DETAILS, I WILL BE LOOKING FORWARD TO YOUR RESPONSE Name (Mr., Mrs., Ms., Dr., etc.): Sincerely, ---------------------------------------------------------- From: DAVID WILLIAMS david_williamsloans@hotmail.com
DAVID WILLIAMS LOAN FIRM. Attn: The content of your mail was noted. We are large scale investment located here in spain, approved by the spanish government, we offer loans to private companies and individuals. Kindly indicate how much you need as a loan to enable us proceed with this loan transaction, with maximum or $10,000,000.00 with 3% interest rate. I await your swift response. You can reach me via 0034-615-178-680 DAVID WILLIAMS (loan agent) -------------------------------------------- As you can see by reading my previous blog, the name David Williams is becoming common in scams (or versions there of). http://activerain.com/blogsview/632880/Scamming-in-the-Rain Yesterday I received an email sent via Active Rain by a Williams David & Associates. Apparently investment houses in England aren't able to handle large investments in the U.S. and need my assistance (I'm flattered). If anyone reading this would like to assist this person in investing twenty eight million, be my guest. -----
From: Williams David <willy_david123@yahoo.co.uk> You've received a contact message from your Contact Form on the ActiveRain network. Message details: Williams David & Associates. She has directed us to look for a viable investment portfolio (opportunity), partnership or an individual who can be trusted to invest or oversee the investment of her twenty eight million United States dollars (US$28,000,000.00) in America or Asia.
In the beginning, God created Heaven and the Earth. However, before he even began, God was faced with a citation from the regulatory board.
When I was 21 I moved to Pismo Beach California and had the best time of my life. I grew up in a small town in Texas, and it's about as opposite of the Cali beach town you can find. Every day I was amazed at the beautiful weather and scenery, and, well,..the girls weren't bad either. Even then there were fires every summer, an occasional earthquake, and of course fluctuations in the economy. I just don't recall seeing so much disaster hitting there all at the same time. The magnitude 5.4 earthquake that hit metropolitan Los Angeles today caused no serious damage or injuries, but experts say it's a reminder that the "Big One" could happen at any time. California's history of quakes incredible to say the least. On February 9, 1971, California experienced one of its most devastating earthquakes. Just before sunrise, the highly-populated San Fernando region was shaken by a 6.6 Richter magnitude quake that destroyed homes and businesses, badly damaged three hospitals, collapsed highways and water reservoirs, and resulted in the deaths of 65 people. A list of the biggest quakes in recent California history, measured by magnitude: 1. 7.3, Landers, Calif., June 28, 1992, three deaths 2. 7.2, Cape Mendocino, Calif., April 25, 1992 3. 7.2, Off coast of Northern California, June 14, 2005 4. 7.1, Hector Mine, Calif., Oct. 16, 1999 5. 7.0, Honeydew, Calif., Aug. 17, 1991 6. 7.0, Cape Mendocino, Calif., Sept. 1, 1994 7. 6.9, Loma Prieta, Calif., Oct. 18, 1989, 63 deaths 8. 6.7, Northridge, Calif., Jan. 17, 1994, 60 deaths 9. 6.6, San Simeon, Calif., Dec. 22, 2003, 2 deaths 10. 6.6, Off coast of Northern California, June 16, 2005 11. 6.2, Joshua Tree, Calif., April 23, 1992 12. 6.0, Central California, Sept. 28, 2004 13. 5.6, Sierra Madre, Calif., June 28, 1991, two deaths 14. 5.6, San Francisco Bay Area, Calif., Oct. 30, 2007 15. 5.4, Chino Hills, Calif., July 29, 2008 Source: U.S. Geological Survey
Above is a map of southern California, with epicenters of historic earthquakes (as far back as 1812)
How do homeowners protect their most valuable asset? Less than 12 percent of California homeowners have earthquake insurance, according to the Insurance Information Network of California. A deductible cost chosen by the homeowner can reach up to 25 percent of the house value to be paid in the event of any earthquake damage. The higher the deductible, the lower the cost of the earthquake insurance. Unfortunately, even if you have insurance, in order for it to pay-off the house needs to be rendered unoccupiable by a quake. That probability is low for most homes and the value of most stuff that would be destroyed would probably be less than the deductible you pay. So it seems Californians are simply at the mercy of the Gods of natural disaster, and right now, the Gods appear to be very, very, angry!
Did you know that U.S. business bankruptcies saw their sharpest quarterly rise in two years, jumping 17 percent in the second quarter of 2008? Did you know that Commercial filings for the first half of 2008 are up 45 percent from last year; or that from April through June, 15,471 U.S. businesses shuttered their doors? It was the 10th straight quarter that business bankruptcy filings have increased. Nearly 29,000 companies filed in the first half of 2008. More than 20 percent of the newly shuttered businesses were in California, which logged 3,141 bankruptcies in the second quarter. Texas fielded the next highest number of bankruptcies with 1,168, followed by Michigan with 702 and Florida with 635. New York was next, with 618 petitions, and Colorado had 547. Food costs went up 1.5 percent (the biggest increase since January) and even pet food jumped by 6 percent, the largest monthly increase on record, and wholesale energy prices shot up 6 percent. The price of unleaded regular gas surged 9 percent in June on top of a comparable increase in May. Home heating oil, natural gas and liquefied petroleum gas also took big jumps. If you glance back at history you'll see that an average of more than 500,000 businesses failed in the United States during each of the 10 recessions that have occurred since the end of World War II, and there's little doubt at this point that we face a full blown recession. SMALL CHANGE'S CAN KEEP US OUT OF THE HOLE Be Aware of how much money you spend Many shopaholics live in denial about how much they spend. If you realize how much you spend on various items, this may help reduce your spending. With disposable income slipping, spending frugally is important. Discount stores such as Marshalls and other surplus outlets and have seen increased business as people look for bargains. Don't spend money to kill time Don't spend every lunch break wandering around your favorite shops, go to a park or place where there is little temptation to pull that wallet out. If you do go shopping have a clear objective of what you need to buy. This means that you will buy things because you need them, rather than want them. Avoid Spending by Habit Quite often a lot of our spending is a daily habit. For example, if you hit Starbucks everyday, why not invest in a coffee machine? Just because you spend $10 a day on lunch doesn't mean this habit has to continue forever. Try taking your own lunch. Give Items Objective ratings Guy's, do you really need another $100 silk tie, or that new boat? Ladies, Is that $2,000 Louis Vuitton purse really necessary (you're just as beautiful without it)? I know that Burberry coat is lovely, but your paying a bundle for that snappy plaid collar and cuffs. Instead of trading that luxury ride in, why not pay it off and live car payment free for a couple of years? We all tend to have a desire to live a bit larger than we can afford, its human nature, but now is not the time. Even if you seem to be rolling in cash today, you don't know what tomorrow will bring. Even Starbucks is closing stores down for the first time. Remember money isn't everything Don't feel that financial well being is the only thing that matters. Even in difficult times, don't lose perspective and allow yourself to be depressed. With the right attitude a frugal lifestyle can have its own pleasures. I'll bet there's a park you drive by all the time and have never been to, or a hiking trail you pretend not to see. Take the time, save the money, and avoid the hole.
It seems at times that no matter how much society does to help those in need, there will always be the few that don't possess the solid decision making capabilities to survive. Sounds harsh, but after learning of the "Extreme Makeover" home that has had all of the "gifted" equity sucked out of it and allowed to fall into foreclosure, it is the only conclusion I can reach. In January 2005 Atlanta-based Beazer Homes USA and ABC's "Extreme Makeover" demolished the Harper family home and its faulty septic system. Six days later, crews and volunteers, totaling over 1800 people, completed work on the largest home that the television program had ever built. Replacing their old dilapidated home is a four-bedroom house with rock walls and a three-car garage that towers over homes in their neighborhood. The front door opens into a lobby that features four fireplaces, a solarium, a music room and a plush office. A total of $450,000 in materials and labor were donated for the home. Beazer Homes' employees and company partners raised an additional $250,000 in contributions for the family, along with scholarships for the couple's three children and a home maintenance fund. After the show, the Harper family used the two-story home as collateral for a $450,000 "construction business-loan", which they have since defaulted on and the majestic home is now set to hit the auction block on the steps of the Clayton County Courthouse Aug. 5. Perhaps yet another kind soul will buy it and hand it to them for free, yet again.
According to a study by Bridgewater Associates, bank losses could reach a staggering $1,600 billion (that's $1.6 trillion). How are these mind boggling losses being spread across the board? Well, here are a few tidbits of information I managed to dredge up for you. Citigroup posted a $US2.5 billion ($2.57 billion) loss, which, while large, was better than analysts had expected. That news capped a week that began with investors rattled by the federal seizure of IndyMac Bank and by the woes of mortgage giants Fannie Mae and Freddie Mac. The FDIC estimated that its takeover of IndyMac would cost between $4 billion and $8 billion. Wells Fargo took a provision for credit losses of $3 billion in the second quarter, which included total charge offs of $1.5 billion, and an increase in reserves for future losses of $1.5 billion. Washington Mutual, the nation's largest savings and loan, said Tuesday that it lost $1.14 billion in the first quarter. The Seattle-based thrift lost $1.40 per share, compared with a profit of $784 million, or 86 cents per share, in the first quarter a year earlier. Freddie Mac owed $5.2 billion more than its assets were worth in the first quarter, making it insolvent under fair value accounting rules. The fair value of Fannie Mae's assets tumbled 66 percent to $12.2 billion and may be negative next quarter. In late April, Countrywide reported a first-quarter net loss of $893 million (while their CEO took a $48 million salary) or $1.60 per diluted share. In the same period last year, it posted a profit of $434 million, or 72 cents per diluted share. Sovereign Bancorp of Philadelphia said it would take a $1.6 billion write-off for the fourth quarter, much of it related to mortgage lending. However, $600 million of the loss was due to defaults on consumer loans, an indication that the financial crisis is spreading. Sovereign said it had stopped issuing auto loans in seven of the 15 states in which it does business-Nevada, Utah, Arizona, Florida, Georgia and North and South Carolina. National City's stock tumbling 28 percent to its lowest level in about 17 years after the bank also posted a $171 million first-quarter loss and slashed its dividend. Wachovia said it expects to report an after-tax loss of between $2.6 and $2.8 billion, or $1.23 to $1.33 per share, for the second quarter. The bank holds a substantial $170 billion residential mortgage portfolio; a whopping $121 billion of that total was in the form of option ARMs at the end of Q1. Wachovia's option ARM portfolio saw non-performing assets jump by $1.6 billion in just one quarter to $4.6 billion at the end of Q1, almost 4 percent of loans; analysts expect that number could be as high as $7.5 billion when the company reports its Q2 results. Losses from securities linked to subprime mortgages may exceed $265 billion as regional U.S. banks, credit unions and overseas financial institutions write down the value of their holdings, according to Standard & Poor's. Citi Bank and Bank of America has together lost $296-billion in market capitalization over the last year. These are lenders we're all familiar with, and there are too many more to post. One thing is quite clear, the situation is bad, and getting worse. The question remains, can we put Humpty back together, or will we be walking on eggshells for years to come?
The newest scam people are getting is the "update your paypal account" email. It's fairly realistic looking and I have no doubt its worked on a few folks. I know my super-smart colleagues would never fall for this, but I'll put it out there just the same.
----- Original Message ---- Dear PayPal Member, As part of our efforts to provide a safe and secure environment for the online community, we regularly screen account activity. While reviewing your PayPal accounts, we observed activity that we would like to further verify. For this reason, limitations have been placed on your account until your will review your registered intormation. In order to resolve the account limitations, complete our online form by clicking on the following link: After we have gathered the necessary information, your account will be reviewed for reinstatement and you will be notified by e-mail of our decision. © 2008 PayPal Inc. All rights reserved. PayPal is located at 2211 N. First St., San Jose, CA 95131
Then you will then see this page (above link is now dead)
Then once you click on the link on that page, you go here:
The page will accept any fake password combo you enter, since its really just collected info. You will then go to yet another page that will ask you for your personal info such as birthday, social security number, bank account number, mothers maiden name, and even your ATM card number with PIN number! You may also receive similar emails and bogus log in pages for all major banks. Residential sales volume for June 2008 decreased 3% from May 2008 all Sales 2007 (vs. Year-to-date 2007) Residential sales volume: off 57% to $1.3 billion Residential transactions: off 54% with 3,680 Mobile home sales on land: off 65% to $22 million Plexes (2-5 units) sales: off 61% to $21 million Land sales: off 75% to $98 million Commercial volume: off 61% to $266 million Average residence: $362,286, off 7%
Existing home transactions sold unchanged in June 2008 vs. May 2008 Existing Home Sales Units sold off 54%; volume: off 57% to $759 million 2,009 units sold this year vs. 4,330 Average price off 8% to $377,552 Half homes (median) sold for more than $334,950, off 5% Average $/SF for homes sold: $216.93 (all sales), off 10% Best range: $300,001 - $350,000, with 69 monthly Second best absorption rate: $350,001 - $400,000 with 48.8 per month
8 acreage parcels sold monthly, off 56% from last year; average price, $181,290, off 14% Acreage Sales
33.2 per month of existing homes sold, off 53%; average price: $522,690, off 20% Median price for existing homes: $450,000, off 10% 6.2 new single family homes sold monthly, off 51% The new home average price: $451,277, off 23% Median price for new homes: $459,950, off 20% The $/SF for existing homes: $251.64, off 24% The $/SF for new homes: $382.82, up 32% (10% of sales with data) Average lot sizes, for existing homes: 4.3 acres, up 18%; for new: 3.1 acres, up 9%June residential recorded transactions were 61% fewer than last June.
New single family homes units sold in June 2008 off 11% from May 2008 New Single Family Homes
Average sale price: $438,932, off 15% Median sale price: $409,950, off 12% New homes represent 27% of volume and 24% of units recorded 639 sold vs. 1,205 last year, off 47%; volume: off 55% to $280 million Average $/SF: $247.58, off 1% (6% with data) Best range: $300,001 - $350,000 with 17.5 monthly Second best range: $350,001 - $400,000 with 16.3 per month Best range: $100,001 - $150,000 with absorption of 5.5 per month, off 57%
Subdivisions The average lot sold for $163,969, off 16% Half (median) the lots sold for more than $130,000, off 32% 17.8 sold monthly vs. 77.2 monthly last year, off 77% The average lot represents 37.4% of the average new home price The median priced lot represents 31.7% median priced home
Attached unit sales off 21% in June 2008 from May 2008 Attached (vs. Year to date 2007) includes condominiums and townhomes
Average sale price: $280,244, off 1% Median sale price: $252,000, off 5% 42% (380 units) new 905 sold vs. 2,029 last year, off 55%; volume: off 56% to $254 million Average existing $/SF, $214.24, off 2%; for new: $208.97, off 4% (4% with data) Best range existing: $225,001 - $250,000 with 16.5 monthly Best range new: $300,001 - $350,000 with 12.5 per month
Projection Relative inventory increased to 15.5 months, still a buyers' market. Prices will soften. 2008 will be a challenging year for residential real estate. The meltdown of both FNMA and FHLMC is a terrible blow to the housing market. No matter what solution is created, borrowers will pay more for mortgage money.
Residential sales volume for June 2008 is up 5% from May 2008 All Sales Residential sales volume: off 44% to $1.4 billion Residential transactions: off 41% with 4,704 Mobile home sales on land: off 63% to $38 million Plexes (2-5 units) sales: off 54% to $33 million Land sales: decreased 66% to $85 million Commercial volume: off 52% to $263 million Average residence: $296,970 off 4%
Existing home transactions sold off 4% in June 2008 from May 2008 Existing Home Sales Units sold: off 40%; volume: off 43% to $914 million 3,029 units sold this year vs. 5,116 Average price off 4% to $301,700 Half homes (median) sold for more than $263,000 off 3% Average $/SF for homes sold at $164.76 (all sales), off 8% Best range: $225,001 - $250,000, with 74.3 recorded monthly Second best range: $250,001 - $275,000, with 63.2 per month 8.5 acreage parcels sold monthly, off 65%; average price: $147,222 off 3%
Acreage Sales 44.2 per month of existing homes sold, off 39%; average price: $452,164, off 8% Median price for existing homes: $370,000, off 5% 7.2 new homes sold monthly, off 23%; average price of $378,721, off 25% Median price for new homes: $327,000, off 17% The $/SF for existing homes: $197.82, off 12% For $/SF for new homes on acreage: $158.82, off 13% (70% of sales with data) Average lot sizes, for existing homes: 3.3 acres, off 5%; for new: 3 acres, off 7%
New single family homes units sold in June 2008 are up 25% from May 2008 New Single Family Homes Average sale price: $346,127, off 9% Median sale price: $315,000, off 5% New homes represent 24% of volume and 22% of units recorded 840 sold vs. 1,091 last year, off 23% Volume: off 30% to $291 million Average $/SF: $148.93, off 7% from last year's average (58% of sales with data) Best range: $300,001 - $350,000, with 30.7 per month Second best range: $275,001 - $300,000, with 20.7 monthly Best lot range: $75,000 - $100,000 with 12.2 sold per month, off 58%
Subdivisions The average lot sold for $106,467, off 15% Half the lots sold for more than $98,684, off 10% (median) 29.8 sold monthly vs. 99.2 last year, off 70% The average lot represents 30.8% of the average new home price; 31.3% for median
Attached unit sales off 2% in June 2008 from May 2008 Attached includes town-homes, condos and commons Average sale price: $234,694, off 10% Median sale price: $211,000, off 11% 39% (207 units) are new 532 sold vs. 1,096 last year, down 51%; volume: off 6457% to $125 million Average $/SF: $190.62, off 1% for existing units; new: $193.03, up 22% (40% w/data) Range with best sales, existing: $250,000 - $300,000 with 6.7 per month Best range new: $190,001 - $200,000 with 5 monthly
Projection Relative inventory decreased to 9.8 months, still a buyers' market. Prices will be soft. The meltdown of both FNMA and FHLMC is a terrible blow to the housing market. No matter what solution is created, borrowers will pay more for mortgage money.
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We've all heard of Liars Loans, the infamous loan given to borrowers based on nothing more than the lie's they put on their application. Lately the term has taken on a new meaning for me; now liars are sending me loan applications!
Seems poor California just can't ever get a break! Earthquakes, fires, heat waves, and foreclosures, all located on some of the most beautiful real estate in the U.S. It Just doesn't seems fair.
We speak only of real estate and mortgage in our little corner of the universe, but the ugly truth is, we're merely the epicenter of a national crises. The mortgage debacle, coupled with absurdly high gas prices, has created a financial black hole that's sucking in all money matter around it.
We all know the tale of poor ol' Humpty Dumpty, after all, he had that great fall. Then of course, all the Kings horses, and all the Kings men, couldn't put poor Humpty back together again. With banks total announced losses to date of $400 billion, and bank write-down's just getting started, it would appear Humpty Dumpty's fall may indeed be fatal.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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