foreclosure: Time Square Bomber in Foreclosure
- 05/10/10 06:06 AM
Admin Options Edit Post Add Tags Cancel Delete Post Edit Blog Posts Living in Connecticut I have been closely watching all news about the terrorist attempt in NYC. News update; the suspect Faisal Shahzad Shelton, CT home is in foreclosure, and he had moved to an apartment in Bridgeport CT. sometime last May. Chase Home Finance sued Shahzad in Sept. 09 to force the foreclosure. This is all "too close to home" as they say. I am in Shelton & Bridgeport all the time, luckily it won't be me offering him CFK, as he is already out. Some are saying, poor … (2 comments)
foreclosure: Financial Crisis Inquiry Commission
- 01/16/10 02:27 PM
All REO Brokers, for that matter all Real Estate Professionals should watch the panel questions to learn about the financial crisis. It is available for viewing at www.c-span.org in the on-going blame game that has been in effect since the beginning of the crisis, this is the most fair and balanced of each party's viewpoint, without media bias one would find on politically motivated networks. Most people have an opinion on the root cause of the meltdown. Some think it rests on a residential real estate housing bubble. I have never been in agreement with that viewpoint. Real Estate is unlike … (0 comments)
foreclosure: Financial Crisis Inquiry Commission
- 01/16/10 02:23 PM
All REO Brokers, for that matter all Real Estate Professionals should watch the panel questions to learn about the financial crisis. It is available for viewing at www.c-span.org in the on-going blame game that has been in effect since the beginning of the crisis, this is the most fair and balanced of each party's viewpoint, without media bias one would find on politically motivated networks. Most people have an opinion on the root cause of the meltdown. Some think it rests on a residential real estate housing bubble. I have never been in agreement with that viewpoint. Real Estate is unlike … (2 comments)
foreclosure: Real Estate "Shadow" Inventory Sasquatch
- 10/09/09 02:55 PM
By now thanks to recent articles in The Wall Street Journal, New York Times, Bloomberg, CNBC and other media, so called Shadow Inventory has come to the mainstream, but it is more elusive than Sasquatch. Real Estate Agents have been blogging about this for months. For those who may have missed it, Shadow Inventory is the defaulted loans that the lenders are allegedly not releasing for sale. According to Rick Sharga, VP of RealtyTrac "We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market" Lawrence Yun, NAR chief economist called … (0 comments)
foreclosure: Great Payday for Countrywide
- 03/28/08 03:53 PM
Today CNBC reported that Countrywide's Chief Operating Officer David Sambol will receive a $28 Million retention bonus from Bank of America; $20M cash, $8M restricted stock. After Bank of America takes over his salary will be $500,000/yr base, annual incentive $4M plus $150,000. equity-Nice Paycheck! hmmmm-I guess they don't want to lose him, because of the great job he has done so far. … (17 comments)
Admin Options;)
;)
