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economcy: Dare to be in charge of life
- 04/14/09 08:08 AM
Normal risk turn in normal reward, Normal people end up with normal life.
FICO Score Is "Fu*k" Score
Re: Fw: Land contract to *****
Tuesday, April 14, 2009 12:21 PM
From:"E T <et****@yahoo.com
To: Perry" <perry@com
Message contains attachments
, PIC00014.JPG (595KB), PIC00002.JPG (214KB)
******
Dear Perry,
Thank you for your kindness.
As I maybe told you, everybody has his way to do business. Sure, I have mine. As a free individual, I don't give FICO a shit and I don't have to follow a book or code as a banker.
My way to sell my … (0 comments)
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economcy: Shortsale slow down: It depends on what they ate at lunch, beef or fish?
- 03/27/09 10:44 AM
Real Estate Weekly: Lots of short sales, but they are taking a lot longer to get done "MarketWatch e-Newsletter" reports@marketwatchmail.com
*****
Well, did I say so long time ago?
As long as Obama and Gaithner keep saying they are going to buy bank's toxic notes, there is no incentive for a banker to speed up REO sales, let alone short sale. In the past week, I have observed that in some area there is no new REO listing. If there are new listings, the price is going north.
Some banker friends told me that there has been a rumor. They said Gaithner proposed to … (4 comments)
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economcy: Welfare Distribution? Not Economic Growth?
- 12/26/08 01:08 PM
From the Miami Herald: Refinance rates low; few qualify
Before LaPenta begins processing an application, he said he makes sure customers are aware of the essential criteria needed to refinance: 20 percent equity in the property, a homestead exemption, a credit score of 700 or higher, a mortgage debt-to-income ratio of no more than 45 percent and the ability to fully document income and assets.
Justin Miller, a broker with Resource Mortgage Group in Plantation, said the current rates, which essentially amount to ''free money,'' are, in a sense, unavailable to those most in need.
However, look at the following … (0 comments)
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economcy: I Would Fight for John McCain to Win, if He Could Speak out "CFPTB."
- 10/26/08 03:05 AM
Fed heads toward uncharted territory
Ben Bernanke & Co. are likely to cut interest rates again on Oct. 29. And some experts think rates could soon fall below 1% for the first time.
Beyond write-downsThe world's financial system is such a mess that no one is really quite sure where to begin fixing it. NEW YORK (MarketWatch)
****
Uncharted territory!?
Very true! However, not only FED heads to, but also the poor public as a whole has been forced into it, a man-made "black hole."
There is no way to play (or invest) in housing and do stock business (particularly option) recently on a calculated risk … (3 comments)
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economcy: A Funny World (17): Your Tent City? Or My Tear City?
- 12/25/07 02:01 PM
Christmas, 2007
Tent city in suburbs is cost of home crisis
By Dana Ford
ONTARIO, California (Reuters) - Between railroad tracks and beneath the roar of departing planes sits "tent city," a terminus for homeless people. It is not, as might be expected, in a blighted city center, but in the once-booming suburbia of Southern California.
The noisy, dusty camp sprang up in July with 20 residents and now numbers 200 people, including several children, growing as this region east of Los Angeles has been hit by the U.S. housing crisis.
.................
"I … (9 comments)
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economcy: A Funny World (14): Sun Goes Up? Or Not?
- 12/18/07 07:04 AM
As foreclosures mount, tenants suffer
You've got to figure, these banks are in California, they've got a gazillion properties, they think on a national scale." - Joseph Petrocelli, owner of New England Property Solutions, a company that's hired by mortgage companies to handle the sale of foreclosed properties. Petrocelli was commenting on the phenomenon of lenders evicting reliable tenants when foreclosing on multi-family buildings, even when it often goes against the interests of the buyer, the neighborhood, and the lenders themselves. (Boston Globe, Dec. 17th)
******* ******* ********
My fellow agents,
Spring is near the corner. The winter and the freeze long shows are about … (1 comments)
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economcy: Who's crying so loud out there?
- 12/05/07 05:01 AM
The blood on Greenspan's hands
The former Federal Reserve chief now admits there is a housing bubble, yet he still refuses to take the blame he so richly deserves, By Bill Fleckenstein
******* ****** *******
Hi! Bill,
Be nice to an old gentleman Mr. G, Okay? Keep in mind that he used to be one of the big brothers. Now he is down, but don't kick him. All big brothers won't be happy for what you did to him. At least, you are now going to have trouble with labor unions. Don't believe me? Did you see the slogan just came out as hot as a hot potato should be? … (1 comments)
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economcy: Who and What's Mr. B: Brilliant or Bullshit?
- 11/21/07 02:22 AM
Are we facing the worst home foreclosures in the history of the USA housing market?
This is very serious, experts are saying next year will be worse, but in reality I believe 09-2010 will be even worse. I honestly believe the experts are deliberate in forcasting the real estate problem, they dont want to be honest and tell us the real truth because they think buyers and investors will panic causing the market to go into a deeper and faster downward spiral....
In my opinion this real estate market will be in the dumpsters for the next 7-10 years. This will be like … (5 comments)
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