I second that.

Don’t forget about Grim when you see the HUD-1.

$25k per month mortgage, assuming 30 yr conv at 6.5% = $4,000,000 amount outstanding

http://www.marketwatch.com/story/freddie-reports-99-bln-quarterly-net-loss

Guess what: the obama wall street gang cannot find enough suckers to buy their overvalued assets

Please read the story again. The amount stated as owed is just the missed mortgage payments not the loan amount outstanding. She is most likely upside down on the house.

We put a bid at the ask on a property. If it goes through (may be we will know in a couple of days), I may need some help from your financing guy.

S

This morning you asked about 304 Wellington Ct, Jackson.

Very interesting history on that one. Looks like it sold in 8/05 for $504K.
Was listed as Bank Owned at $439K until 11/08.
Sold on 4/07/09 for $262K.

That’s not bad for an 8 year old CHC on 3.39 Acres. I wonder if it was vacant all winter ??

-Richie

the word you’re looking for, Richie, is GREED. instead of walking away with a million, she might get zero.

greed.

You have some valid points and may be using creative license to make a point, but it seems unreasonable to proclaim fear of too much government intervention in private lives *immediately after* we kicked out a government that sanctioned illegal wiretapping, torture, suspension of habeas corpus, promoting one faith, etc.

S

Greenspan is age dirt. His brain long ago atrophied; assume the opposite of what he says to be correct.

Schwarzenegger Tells Lawmakers California Deficit May Swell to $21 Billion

California’s budget deficit has grown so severe that Governor Arnold Schwarzenegger said he may be forced to release 40,000 prisoners or lay off 51,000 teachers if voters next week reject three budget balancing measures.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aN0teSUBHk5k&refer=home

In the first major settlement involving Wall Street’s role in the subprime mortgage business, the Goldman Sachs Group agreed on Monday to pay up to $60 million to end an investigation by the Massachusetts attorney general’s office into whether the firm helped promote unfair home loans in the state. The money will be used for a loan modification program that would allow Massachusetts homeowners with mortgages from Goldman entities to write down their principal balances by as much as 50 percent. The settlement resulted from a continuing investigation by Attorney General Martha Coakley into subprime lending practices and the role of investment banks that acted as middlemen in loans that have resulted in foreclosure or contained terms so onerous that they were destined to fail.

http://www.nytimes.com/2009/05/12/business/12lend.html?_r=3&ref=business

http://www.google.com/hostednews/ap/article/ALeqM5hzwtLJiY_vy8TnMHD2WVKYsBykywD984U9180

Median home prices fall in 88 percent of cities

WASHINGTON (AP) — Home prices fell in nearly nine out of every 10 U.S. cities in the first quarter of this year as first-time buyers looking for bargains dominated the market.

While sales rose in six states among the hardest hit by the housing slump, analysts said the nascent signs of recovery in the market could be short-lived if employers continue to lay off workers in bulk.

The National Association of Realtors said Tuesday that median sales prices of existing homes declined in 134 out of 152 metropolitan areas compared with the same period a year ago. Prices rose in the other 18 cities.