Beautiful Model For Fraud, Real Estate Auctions Booming
Posted by James Breen at 27 January 2008 9:24
Must be an good feeling when you read my Bankruptcy And Debts. Investment Property Loan really surprise me.
It gathered all the information on investment property loan I need yesterday. The author is wise, and much more intelligent animal than I can image. That's a fantastic post, read this:
I stumbled across an interesting article in the BBC called The US sub-prime crisis in graphics. Following is my annotated version of their lead graphic. The New Model of Mortgage Lending Click on chart for sharper image. Anyone wondering why there was so much fraud happening need only look at the above chart. Poor working class cities like Cleveland, Ohio and states like California where liar loans were an accepted practice were veritable breedings ground for fraud. How Subprime Lending .. Read the rest of this entry.
I love the posting, I made a copy and share:
The Danger of Real Estate Brokers as Loan Advisors Vernon and Marty Ummel bought a home in Carlsbad, for $1.2 million, in 2004. They put $900,000 down and borrowed $300,000. The Ummels moved from the Bay Area to San Diego County to be near their grown children. They hold the property in a family trust. Those facts, gleaned from public records, suggest that the Ummels are far more sophisticated than a garden-variety first-time home buyer. As we used to say in Arizona, "This ain't their .. full post.
It gathered all the information on investment property loan I need yesterday. The author is wise, and much more intelligent animal than I can image. That's a fantastic post, read this:
The real estate auction business is booming. Real Estate Disposition Corp is auctioning 2,000 homes in California and 575 in DC, Maryland, and Virginia. More states are coming up. click on image for enhanced view. Following is a random sampling of listings. Some are "real beauties". Item 247A Item 252B Item 240 Item 20 Item 249 Item 250 Item 272 Item 327 Item 600B Item 604B Item 664A The only way some of those houses could have sold at the previous value is .. Read the rest of this entry.
Like it or not, things are better day after day.
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