According to this article in the New York Times, the new rules for short sales are going to help the homeowners - or at least that is the plan according to government officials…
But the underlying facts of how the new rules will play present a very different picture; and also an interesting dilemna for the [...]
Continue reading about How Bizarre How Bizzare - Another Twist in the Housing Crisis Play Book
This piece from Truth About Mortgage pretty well says it all - if you read it all the way to the final few lines…
No significant change in conditions? Really? Not sure if that is a euphamism for “We have not fixed anything yet” or a bold denial of “We know we are only making [...]
We’ve been saying for a while that Indy/ One West has been nothing but trouble for people dealing with them on short sales and loan modifications…
Pretty much they make it impossible for borrowers to deal with - whether it’s cash up front demands for ‘consideration’ of a permanant loan modificaitons to short sale deals which [...]
Continue reading about Trouble with Your Indy/ One West Loan Modification or Short Sale?
This video crossed my radar today and left me at least feeling vindicated that what I am seeing in the world of the ongoing ‘mortgage crisis’ and foreclosure melt down is really what is happening, not just to the families and people I know and work with but across the board…
And it’s good to know [...]
Reading articles on the state of real estate markets, banking, credit and lending is not much fun…
Trying to figure out what is going to happen next in the market? Not easy!
Knowing what game is afoot adn what to expect next? Sometimes seems near to impossible.
But heck, if you’re trying to have a handle on any [...]
Today the Huffington Post came out with a great article to encourage Americans to take action - non partisan, populist action - and put their money into small community banks and get it out of the Too Big To Fail Bailed Out Bully Banks -
Read the article here: Move Your Money - A New Years [...]
The Final Demise of A Speculative Housing Bubble
(September 16, 2009) Charles Hugh Smith
The speculative mania in housing has been extended by massive Federal Reserve and government intervention; the government now owns or guarantees 2/3 of U.S. mortgages. While speculative bubbles may pop in terms of sales and valuations, the psychology that underpinned [...]
Continue reading about Govt Now Owns or Underwrites 2 of 3 Mortgage Loans -
As those who frequent these pages know, we are big fans of Sean O’Toole of Foreclosure Radar and Foreclosure Truth - his two premier sites.
Recently Sean has been addressing the issue of the “mising wave” of inventory in CA foreclosure sales - and whether or not it exists…
In response to his post, I made the [...]
Continue reading about Foreclosure Truth’s Sean O’Toole Replies to Comment
Michael Hudson Interview on Guns and Butter will open your eyes to what is really going on in the financial credit bubble crisis. Understanding the true government plan for economics in the US.
This audio archive will be available until Wednesday, September 9th 2009
Guns and Butter - Dress Rehearsal For Debt Peonage
“Dress Rehearsal For Debt [...]
