short sales: A four letter word - 02/13/09 07:51 AM
I hate to admit it, but "bank" has truly become a four letter word.
I was sitting at my desk a couple of days ago, when one of my co-workers going thru the MLS, rhetorically asked:  "price increases?....who the heck increases their prices in this kind of market?" I was busy and did not respond, but the question lingered in my head, bouncing around my skull like a shout in an echo chamber.
It was later that evening when checking e-mails, that I recognized the address on one of the"auto-prospecting" messages.  Sure enough, it was a listing where one of my … (35 comments)

short sales: The Wizards of Schmoz ..... - 01/30/09 08:27 AM

Schmoz, ....by definition, a Yiddish word signifying low-life, deceitful, criminal, despicable, unscrupulous, abominable, irresponsible, shameful and scum-bag-like behavior ...... a few notches below a schmuck or mashugana......
.......well, not really, I just made up that word  'cause I couldn't think of any word that would rhyme with OZ and would carry all those meanings.
But I just can't think of kinder words to describe the state and the players of our financial institutions.
Every morning I wake up thinking that there can be no more surprises of wrong-doing stemming from the financial world, but every morning I am proved wrong once again.
(6 comments)

 

Federico Astiz

Tucson, AZ

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