The word on the WALL STREET today is the CIT will file for bankrutpcy later today or Monday. WAIT A MINUTE! * * * * HARD CORE REAL ESTATE TALK * * * * Didn't CIT receive TARP money??? YOU BET THEY DID. I believe that CIT got about $2.33 Billion from TARP, perhaps in December 2008. Let's see, $
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07/16/2009
I'M SITTING HERE LAUGHING OUT LOUD ! ! ! I made a comment on a post this morning which started with "I disagree". . . Then my comment engaged the content of the post with a few short observations, just a few short lines. As is my practice, throughout the day, which I'm on my computer, which
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07/15/2009
FIRST TIME HOME BUYERS IN PRINCE WILLIAM COUNTY ARE HAVING A HARD TIME COMPETING WITH CASH INVESTMENT BUYERS. In June 2005, there were 5 homes sold to CASH investment buyers. In June 2008, there were 116 homes sold to CASH investment buyers. CASH vs. FHA? Because of the low down payment for FH
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07/14/2009
AS THE REAL ESTATE MARKET CHANGES, SO TOO DOES HOME MORTGAGE FINANCING IN LOUDOUN COUNTY. LOUDOUN COUNTY IS A LARGELY RURAL COUNTY IN NORTHERN VIRGINIA. However, over the past 10 years or so, significant growth in high tech, information management, Internet services and other businesses have loc
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07/14/2009
* * * * HARD CORE REAL ESTATE TALK * * * * Beazer agrees to pay $50 million Homebuilder admits mortgage firm bilked borrowers Inman reports Beazer and its subsidiary, Beazer Mortgage Corp., admitted to engaging in several fraudulent mort
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07/10/2009
ELIZABETH WARREN, CHAIR OF THE CONGRESSIONAL OVERSIGHT PANEL. Professor Warren has been a voice of sanity among the purveyors of a preponderance of prepared, befuddled, concealing, deceiving, whitewashing and self serving statements from Congress and the Executive offices charged with representin
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07/10/2009
With the New Town Center coming along, a new builder on the scene building lovely new homes in Lovettsville, it's time for a new Post Office. It's on the way. The old Post Office is staffed with wonderfully friendly folks who will also help us from the new location. Welcome to Lovettsville. A
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07/09/2009
OWNING A HOME IN LOVETTSVILLE, VIRGINIA gives me a unique insight into the local service providers in this area of Loudoun County. Today was the date for servicing my Heat Pump system. My home is 3 1/5 years old and, understanding the critical importance of maintenance for all systems in a home
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07/09/2009
REPORTS OF INCREASED BANKRUPTCY FILINGSreveal an interesting statistic. Not the number of bankruptcies filed. Not the number of folks filing chapter 13 to repay some of their debts. Many chapter 13 reorganization for wage-earners are filed by home owners who are facing foreclosure. From Inman
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07/06/2009
DALE CITY OFFERS LOCATION, PRICE, COMMUNITY SERVICES AND AMENITIES FOR HOME BUYERS IN WOODBRIDGE, A TOWN IN PRINCE WILLIAM COUNTY. DALE CITY, planned and developed beginning in the late 1960, Dale City real estate is popular with military families stationed at Ft. Belvoir over the years. With R
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07/05/2009
