THIS IS THE GIFT THAT JUST KEEPS ON GIVING! In most States there is NO statute of limitations of FRAUD. This morning, ABC interviewed a FOX Business Channel reporter. ABC is so desperate for the truth they didn't even use one of their own business reporters... The REASON that the banks have
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10/04/2010
A lot will be happening, over the coming weeks and months, surrounding the decision of FIVE major lenders to suspend their foreclosure processing for 60 to 90 days while they.... ACTUALLY READ THEIR DOCUMENTS AND CONFIRM THAT THEY HAVE THE RIGHT TO FORECLOSE! This IS happening in Mortgage States
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10/02/2010
VERY INTERESTING! This morning the Bank of America decided that they MIGHT have made a couple of tiny errors in foreclosing on as many as 20,000 homes...OOPSIE! So, they joined the growing list of lenders and banks who have finally come to see that even THEY must follow the law and READ THE DOCU
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10/01/2010
A number of people have asked me what is the Time Magazine Indicator I mentioned in my morning blog. I did some research and here's the story...you can also Google "Paul Montgomery of Universal Economics". As it turns out, the TIME Magazine "rally or drop" indicator was discovered by Paul Montgo
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09/29/2010
The September issue of Time Magazine is a very long (find it on the Internet) story about how the housing market let America down. Well, there's a theory that ONE YEAR after Time predicts a benefit or a problem the item in question finally takes place. In the summer of 2005, Time Magazine said:
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09/29/2010
I, for one, hope that the NBER (National Bureau of Economic Research) is correct in determining that our Great Recession of 2007 ended late in 2009. Hopefully, later this year, and early next year the economy and the real estate market, in particular, will come roaring back to life. I have been
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09/24/2010
IF BANKS HAD TO OPERATE THEMSELVES LIKE BUSINESSES...THEY WOULD SPEED IT UP...HOWEVER, THEY'RE WASTING "YOUR" TAX DOLLARS TO "MESS" WITH YOU AND YOUR CLIENTS! Banks have been given so much FREE money and FREE (ZERO %) loans from the Fed that they don't need to watch their losses or bottom line.
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09/23/2010
The folks at Fannie Mae decided to take a poll to see which way the wind is blowing in the economy. Well they found out that people whose home loans are NOT underwater feel better about the economy than those who are "Under the Sea" to paraphrase the Crab in The Little Mermaid. 78 Per Cent of Am
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09/22/2010
45 DAY SHORT SALE APPROVAL OR ELSE! There is a bill working its way through Congress that would force the banks and lenders holding notes against single family homes (this may include 1 through 4 units eventually) to answer a request for a short sale within 45 days of submission of a written requ
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09/21/2010
The National Bureau of Economic Research, the arbiter of the start and end dates of a recession, determined that the recession that began in December 2007 ended in June 2009. (This chart was prepared by the Commerce Department's NBER) The business-cycle dating committee met by phone on Sunday and
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09/21/2010
