All Posts Tagged With: "bad mortgage"
Condo Prices Fall in Manhattan! Harlem Sales Fall 76 Percent! End of the World as We Know it?
(post by Dee) According to Mortgage News Daily, Condo Prices are Falling Across Manhattan. Some city brokers will continue to live in denial. Good for them! Now some others (like yours truly) will be realistic and adjust in their business, telling clients/sellers “like it is” and focusing on areas that are still hot (industrial, multi-family [...]
4Dec2008 | | 0 comments | ContinuedPort Saint Lucie, FL - #9 on Fastest Losing Value
(post by Dee) Saw an article on Yahoo’s home page yesterday about US cities where real estate values of homes are tanking the fastest, in terms of equity homeowners may have in their properties. Not suprisingly, Port Saint Lucie, FL came in the top 10! Recall our post about BT’s house in Port St Lucie, [...]
19Nov2008 | | 0 comments | ContinuedWhy Good Loans Are Now Also Frozen?! Banks Screwed Up, Homeowners Are Paying
(post by Dee) A comment from Robby clearly was due in part to misunderstanding of BT’s post from the other day about Banks Bringing Market Down. We obviously welcome all comments, but wanted to clarify this…
Here is what Robby wrote: “sounds like a paranoid and jilted broker complaining about a deal that didn’t go through [...]
Time Inc Restructures Business as Profits Drop – Bad Real Estate News Are Bad for News!
(post by Dee) Time Inc, the news and media powerhouse that got the internet game right is feeling the burden of residential real estate market collapse… they are reorganizing big time. Read on. BUT how is that possible?! What does real estate and news have in common? Well, let’s examine!
Today’s economy really is more [...]
3Nov2008 | | 0 comments | ContinuedEconomic Crisis or Clean-up? President’s Scare Tactics Again!
(Post by BT) Crisis or clean-up? That’s the real question here. I think it’s more about a clean up. Unfortunately, I wasted my precious time to hear president Bush “speak to the nation” and the “American people” the other day, and it was all too familiar. I began to reminisce a time not too long [...]
16Oct2008 | | 1 comment | ContinuedGoodbye Wamu! JP Morgan Chase Buys Washington Mutual for Pennies
(post by BT) JP Morgan Chase and Bank of America are reaping the rewards they deserve. The 2 companies who never got into the sub-prime lending and only lent money to A-class customers (with good credit, sufficient income and with reasonable down payment) are reaping the rewards and I mean big time. The market is [...]
27Sep2008 | | 0 comments | ContinuedNo Down Payment Loans Still Exist! Wells Fargo’s “Zero Down” Mortgage
(post by BT) You think no down-payment-loans don’t exist any more? You think with everything going on, banks would have learned their lesson. Wrong! I had a deal about a month ago in which the buyer went to contract with no money down – well, according to Wells Fargo bank, with 20% down. OK, [...]
3Sep2008 | | 0 comments | Continued
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