It's a hard enough knock life for those already in default on loan payments, and that financial- and psychological- insecurity has inspired a new rash of not-so-petty crimes: Today's Chron tells the tale of several Bay Area homeowners who fell prey to scammers who coaxed them to sign their property over to a third party (one with ostensibly good credit) who would then acquire a lower mortgage rate- and agree to sell back the home within a few years. These so-called bait-and-switch crooks employ all sorts of tactics- receiving cash back at closing, refinancing, allowing owners to remain in residence, lying in wait until their eventual eviction. This full-blown industry even conducts its own how-to seminars. To avoid: all fliers taped to telephone poles, or fliers on your car promising such services- throw 'em out, along with those advertising meth-fueled dance parties, visiting D.J.'s and the like. Keep your heads clear, homeowners. Enticing deals in the mortgage crisis often are too good to be true [SF Gate]
Yes! Pricewaterhouse Cooper and the nonprofit Urban Land Institute's annual Emerging Trends study ranks San Francisco fifth in the country as a lucrative location for development and investment- behind NYC on the East Coast and Seattle on the west. Let's see ... fifth placers receive an embossed consolation ribbon or maybe, if they're lucky, a nickel-plated medal. Time for some serious training, San Francisco- we want the gold next year.
Access to airport and ports, tendency toward transient development and its status as a "24-hour global-pathway city" helped earn it the honorable mention. (Global pathway? We suppose. 24-hour city? When our fave restaurants tend to close at 11 p.m., we can't quite get on board with that one.) We did received a second-place ranking for residential development potential (props to One Rincon), third for retail, and fourth for office. Will this insulate SF from the effects of slow growth and recession? This study seems to think so. Commence victory lap around SoMa. · Emerging real estate trends [SF Examiner]
11/30/2007 09:32 AM
True or False? How about we play a new game on Fridays and test your knowledge of the loony local real estate market? I will bring you questions on local real estate, whether it be a listing, a sale, a gimmick, or new point and you tell me if it is true or false? Answers will be provided [...]
1 Comments on San Francisco Real Estate: "The Scoop"
From Mr. Ethan Andrew Kololi - Banjul The Gambia (West Africa). ------------------------------------
Dear friend,
I write to solicit your assistance in a project of mutual benefit and regret any inconveniences contacting you this way with my proposal. I am Mr. Ethan Andrew, former Head of Accounts Department at the Diamond Mining Company of Sierra Leone.
I and my partners (two others) are in urgent need of a foreign associate to work with us to facilitate the transfer of a large sum of money which we intend to invest into profitable areas of business in your country. The funds currently secured with a security company is legitimate money rightfully belonging to me and my partners, which was earned from priva te diamond business deals during our time as top officials at the Diamond Mining Company of Sierra Leone.
Due to unstable political and economic environments in Africa, it is not quite safe investing ones financial future in this part of the world. We are currently living in Banjul capital city of The Gambia and in collaboration with some top officials of the Central Bank of West Africa have concluded arrangements for the transfer. The money involved is eight million five hundred thousand US Dollars.
However, as a result of the regulations here, we cannot transfer the funds to your country without having an associate there. I am writing to know if you could be our overseas associate to handle the transaction privately at your end, whereby the funds shall be transferred through your bank account, for mutual benefits.
All aspects of the transaction will be done legitimately from here via the banking process. We propose your commission shall be 20 per cent of the total money been transferred, in view of the importance your role as our overseas partners will be, without which we cannot transfer the funds.
Please consider this proposal seriously and handle with utmost confidentiality the information I have provided you with here. If you are in a position to assist, then get back to me immediately on my below email account so I can give you details. If you cannot help us, do not respond and I apologize for taking your time.
Please Reply to this email :ethanandrew101@live.com
From Mr. Ethan Andrew
Kololi - Banjul
The Gambia (West Africa).
------------------------------------
Dear friend,
I write to solicit your assistance in a project of mutual benefit and
regret any inconveniences contacting you this way with my proposal. I
am Mr. Ethan Andrew, former Head of Accounts Department at the Diamond
Mining Company of Sierra Leone.
I and my partners (two others) are in urgent need of a foreign
associate to work with us to facilitate the transfer of a large sum of
money which we intend to invest into profitable areas of business in your
country. The funds currently secured with a security company is
legitimate money rightfully belonging to me and my partners, which was
earned from priva te diamond business deals during our time as top
officials at the Diamond Mining Company of Sierra Leone.
Due to unstable political and economic environments in Africa, it is
not quite safe investing ones financial future in this part of the
world. We are currently living in Banjul capital city of The Gambia and in
collaboration with some top officials of the Central Bank of West
Africa have concluded arrangements for the transfer. The money involved
is eight million five hundred thousand US Dollars.
However, as a result of the regulations here, we cannot transfer the
funds to your country without having an associate there. I am writing
to know if you could be our overseas associate to handle the transaction
privately at your end, whereby the funds shall be transferred through
your bank account, for mutual benefits.
All aspects of the transaction will be done legitimately from here via
the banking process. We propose your commission shall be 20 per cent of
the total money been transferred, in view of the importance your role as
our overseas partners will be, without which we cannot transfer the
funds.
Please consider this proposal seriously and handle with utmost
confidentiality the information I have provided you with here. If you
are in a position to assist, then get back to me immediately on my
below email account so I can give you details. If you cannot help us, do
not respond and I apologize for taking your time.
Please Reply to this email :ethanandrew101@live.com
Regards,
Ethan Andrew.