Foreclosure crisis over?

From CNN/Money:

Foreclosure crisis is drawing to a close

Our long national foreclosure nightmare may be over.

The number of new foreclosure filings in August hit its lowest level in nearly eight years, according to RealtyTrac, an online marketer of foreclosed properties.

Soaring home prices and a big decline in underwater borrowers — those who owe more on their mortgage loans than their homes are worth — have helped drive the trend.

August’s initial foreclosure filings fell 44% to 55,575, just below the 56,063 that were recorded in October 2005. The foreclosure crunch began in summer 2006, at about the same time that housing prices hit their peak.

“This is a strong indicator that the crisis is over,” said Daren Blomquist, vice president at RealtyTrac. “The foreclosure floodwaters have receded in most parts of the country, although lenders and communities continue to clean up the damage left behind,” he added.

The mopping-up process continues, however. In August, for example, the number of homes repossessed by lenders rose 6%, compared with July, to 39,277. But that still represents a drop of 25% year-over-year, and is more than 60% below the peak of repossessions in September, 2010.

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94 Responses to Foreclosure crisis over?

  1. grim says:

    Propaganda or not, Putin has outmaneuvered our junior President at every turn, and in a final, beautiful, Machiavellian move – has now established Russia as being *the* global superpower with final say in Middle Eastern diplomacy. Of course Putin has some disingenuous, self-motivating reason for this that probably doesn’t include peace in the Middle East, but unfortunately now, none of that matters.

    I don’t think the US quite yet comprehends what just happened in the pages of the NYT.

    Putin 2016.

  2. We have the president that every Third World nation deserves.

  3. freedy says:

    A Plea for Caution From Russia

    Makes it look the kiddy pool

  4. grim says:

    Oh Jesus Christ – Menendez had to make a comment? Now we aren’t just being accused of being rookies, we’ve showed the world we are. Don’t you have a flight to the Dominican to catch?

  5. Grim says:

    White House response is equally as embarrassing.

  6. 1987 Condo says:

    I guess Obama has found that navigating world politics was a bit harder than he thought during his 2008 campaign…..

  7. Richard says:

    Surely its a good result. We’re not fighting a war no one wants, chemical weapons are taken out, and Assad is free to take out the pesky Muslim rebels. If Russia wants to take a bigger role great, we can tag team them back in to Afghanistan.

    Long term Russia is finished, just look at its demographics.

  8. Ottoman says:

    “I don’t think the US quite yet comprehends what just happened in the pages of the NYT.”

    Yes, I was reminded that the thug who derides US intervention in other countries business, continues to occupy the sovereign nation of Georgia. Also assertions of equality, civility and diplomacy fall on deaf ears as Putin rules over a low grade genocide against Russia’s gay citizens.

    Curious why Putin is agreeing to remove the Syrian governments chemical weapons when he claims its actually the rebels who are using them. And how come Russia didn’t tell the world Syria had chemical weapons all along, when Syria was denying it? Are Russia’s intelligence capabilities so lacking?

  9. grim says:

    9 – To which the White House replies “Nah, nah – Tag – You’re it!” and the best that the Chairman of the Senate Committee on Foreign Relations could muster up was, “#lol makes me want to puke.”

  10. anon (the good one) says:

    one shouldn’t discout that Executive is operating within a very hostile domestic environment.
    Vietnam, Reagan and Ollie North, W and Iraq. People are beginning to keep track and realize that foreign policy is designed to protect corporate interests, big oil in particular.
    Obama, rightly so, has much less domestic space to maneuver.

  11. anon (the good one) says:

    @ianbremmer: Obama knows the Russian deal isn’t workable, he’s not dense. But buying time and avoiding the vote is the top priority.

  12. grim says:

    Perhaps the US should set an example and destroy our remaining chemical weapons stockpiles, the largest in the world. A promise, I might add, we made a decade ago, but failed (miserably) to keep.

    If possession of chemical weapons is a crime, I’m not talking about the use, but possession of. Why, exactly, aren’t we the greatest world criminals here? American Hypocrisy, err, Excellence, at it’s finest. And I’m sure the agents we posses, are significantly more terrifying and destructive than any of the pedestrian agents the Syrians have (yes, they have chemical weapons).

    All this and the Passaic River continues to be dredged in an attempt to remove the dioxin, the byproduct of Agent Orange manufacture. Do we need any closer example of America’s prior commitment to the use of chemical agents in warfare? More than 3 million Vietnamese effected, more than 150,000 children with birth defects, and an ecosystem destroyed. It took us how many years to finally attempt to remediate the 20,000 estimated cubic yards of contaminated soil (and we’ve only just started, newer estimates place the real number at 120,000)? How many tens of thousands of acres were doused with these same agents?

    More than 100 tons of chemical weapons are dumped off the coast of NJ, thousands of rockets and munitions filled with deadly chemical agents. While we’ve destroyed some, 100 tons? Read that number over again, 100 tons. Does this not illustrate America’s long and fruitful relationship with chemical weapons research and manufacture?

    Oh, and isn’t the US Army still involved in the research of biological weapons of mass destruction? We’ve taken chemical and biological weapons and elevated them to an art form in the USA.

    I take neither side on this, and would prefer to see Syria destroy itself in civil war.

  13. freedy says:

    In other world news :
    From the Washington Post.

    “The CIA has begun delivering weapons to rebels in Syria, ending months of delay
    in lethal aid that had been promised by the Obama administration, according to
    U.S. officials and Syrian figures. The shipments began streaming into the
    country over the past two weeks, along with separate deliveries by the State
    Department of vehicles and other gear – a flow of material that marks a major
    escalation of the U.S. role in Syria’s civil war.

    The arms shipments, which are limited to light weapons and other munitions that
    can be tracked, began arriving in Syria at a moment of heightened tensions over
    threats by President Obama to order missile strikes to punish the regime of
    Bashar al-Assad for his alleged use of chemical weapons in a deadly attack near
    Damascus last month.

    The arms are being delivered as the United States is also shipping new types of
    nonlethal gear to rebels. That aid includes vehicles, sophisticated
    communications equipment and advanced combat medical kits.”

  14. freedy says:

    Reuters: Fee Details Released on Verizon Loan

    Reuters sources revealed that retail fee details are out on Verizon Communications’ $12 billion in term loans.
    The loans, launched at a recent bank meeting, consist of: a $6 billion, three-year term loan; and a $6 billion, five-year term loan, Reuters reported. Verizon is offering 35bp upfront for commitments of $125 million or greater, and 30bp for commitments under $125 million, according to Reuters sources.

  15. anon (the good one) says:

    @AnupKaphle: “Why We Must Act” — Vladimir Putin’s op-ed on Chechnya, published in the NYT in 1999. http://t.co/IU7LBKSN1D (via @slmmoscow)

  16. nwnj says:

    Are you attempting to obfuscate an admission of another major policy blunder? Or is incoherent babble the best you can do without copy/pasting from twitter?

    anon (the good one) says:
    September 12, 2013 at 8:08 am

    one shouldn’t discout that Executive is operating within a very hostile domestic environment.
    Vietnam, Reagan and Ollie North, W and Iraq. People are beginning to keep track and realize that foreign policy is designed to protect corporate interests, big oil in particular.
    Obama, rightly so, has much less domestic space to maneuver.

  17. grim says:

    The arms shipments, which are limited to light weapons and other munitions that
    can be tracked

    So what does this really mean? The CIA is shipping over AK47s, so when they fall into Al Qaeda hands we can blame the Russians?

  18. chicagofinance says:

    Just a repost…..
    chicagofinance says:
    September 11, 2013 at 11:16 pm
    How is this publicly traded company not headquartered in Montklair?
    http://www.mimedx.com/products

  19. anon (the good one) says:

    LoL!

    @WSJ: Survey: 8% of college grads were accompanied to a job interview by a parent. http://t.co/NWUBURJHut

  20. Grim says:

    18 – Probably because they appear to be based in scientific fact and do not include a sufficient number of non-traditional therapies, crystal chakra modification, or dolphin assisted birth.

  21. grim says:

    Hmm, forgot the homeopathy, can’t forget that load of bullshit. Wouldn’t be surprised if the per-capita use of “homeopathics” in Montclair is the highest in the nation.

  22. nwnj says:

    The PR war is over in Syria — a complete route — and the amateurs were exposed.

    anon (the good one) says:
    September 12, 2013 at 8:42 am

    @AnupKaphle: “Why We Must Act” — Vladimir Putin’s op-ed on Chechnya, published in the NYT in 1999. http://t.co/IU7LBKSN1D (via @slmmoscow)

  23. Painhrtz - Disobey! says:

    17 Grim ding ding ding winner winner chicken dinner!

    Still watching Chocolate Nixon get outmanuevered by a former KGB plutocrat and the left’s salty ham tears has me enjoying the popcorn this morning. the great leaps the media are contorting themselves into stating this was Obamas plan all along have me spitting coffee with laughter. Jesus H christ it is f*cking amateur hour in the state department and the WH.

  24. All Hype says:

    Obama is playing checkers while Putin is playing chess. He could care less if Syria has chemical weapons or not. All he cares about is keeping Assad in power and keeping a choke hold on the natural gas supplies to Europe. Obama was incredibly stupid for drawing the line in the sand. Putin went all in and won easily. There will not be any bombing of Syria, Iran, or Hezbollah controlled Lebanon now. Putin has shown he will go to the brink of world war to keep his empire of Gazprom intact and to destroy the dollar hegamony for natural gas. He can now build as many pipelines as he wants from Iran, through Iraq and into Syria. Well played Vladimir, well played….

  25. grim says:

    Jobless claims in at a surprisingly low number, but it appears delays and the holiday are making the numbers unreliable.

  26. Juice Box says:

    Grim release my comment please.

  27. Theo says:

    Putin will not go anywhere near war. He won a game of rhetoric. If the US tomorrow decided to unilaterally attack Syria, Russia’s response would be the same as when we attacked Serbia, Iraq etc. Silence.

    Having said that, as someone who opposed the first and second wars with Iraq and the US attack on Serbia, if it takes our pres. looking like a buffon to keep us out of a needless conflict with questionable US interests involved, I am all for it.

  28. Ragnar says:

    As if nuclear bombs and napalm are so much nicer than gas attacks.
    I’m all for using whatever weapons you have to win the right war. War is ugly and people die. But losing a war to the wrong people is uglier still.
    The Brits thought that the American Revolutionaries were war criminals for not standing in formation waiting to be shot like proper Englishmen, and instead fighting like Indians (aka native Americans).

  29. grim says:

    Grim release my comment please.

    Sorry – Vaporized by the spam blacklist.

  30. Syrians need to smoke a blunt and chill.

  31. The Original NJ ExPat says:

    grim, from yesterday The nicest system I’ve seen was a combined metal-roofing system, where the solar panels clamped onto the metal roof seam lines. Absolutely zero additional roof penetration. The roof will easily outlast the panels (and probably you).

    I think I’ve seen one of these and I think it’s brand new because I noticed it for the first time last week at an intersection I’ve stopped at hundreds of times over the last few years. It’s on a saltbox house and the solar panels cover about 70% of the roof on the street-facing side. It looks a little odd looking in that the solar panels go peak to gutter from the far right edge of the house almost all the way across but then the panels end about 6 feet shy of the left edge. Without that exposed area you might not be able to tell it’s a metal roof.

  32. The Original NJ ExPat says:

    I was listening to Dennis Prager being interviewed on a podcast yesterday and he believes Putin is old school KGB and wants to re-animate the old Soviet Union. He essentially believes that Putin is driven to always take the opposite side of any US position and turn it into a pissing match that he can win. He definitely won this one.

    Propaganda or not, Putin has outmaneuvered our junior President at every turn…

  33. Libtard in Union says:

    Obviously Putin is uncultured. Doesn’t he know that the only Americans who matter read the New Yorker?

  34. grim says:

    32 – The system I’ve seen attaches horizontal mounting channels across the vertical seam lines. The panels are than attached to the mounting channels.

    I suspect, if you took the time and had a pocket calculator, you could space the panels out in such a way that you could cover the roof from edge to edge, top to bottom, by opening up the gaps between panels.

    I am anal enough for this to be a big issue for me, because it so adversely impacts the aesthetics of the roofline, especially if visible from the street. At least with this approach you could get a consistent spacing and layout over the largest portion of roof-line. (McMansions with excessively complex rooflines, peaks, valleys, dormers, etc need not apply).

    It is a shame to hide an enameled metal roof though. If I paid $50k for a roof, I’d want to show it off too. I wonder if you could do the under-panel roofing with cheaper galvanized metal.

  35. Statler Waldorf says:

    GWB would have bombed Assad’s WMD launch sites hours after rockets were fired, and then held a press conference that evening to inform the public. CNN would air amateur video footage of the crater sites.

    Instead, we have a rank amateur Empty-Suit-in-Chief who has bungled every step of the way for weeks, while being outmaneuvered by every nation in play. What an embarrassment, and predictably so:

    “I believe in having proper experience before taking a job”

    http://www.youtube.com/watch?v=PV3DejIz0Ak

    Exactly.

  36. Bojangles is Putin’s byatch.

    Bow down to Gazprom, you fat, sugar-@ddicted mopes.

    That is all.

  37. What’s a few gassed Syrians when you stand to freeze half of Europe this winter?

  38. joyce says:

    And that also would have been a wrong course of action.

    Statler Waldorf says:
    September 12, 2013 at 11:26 am
    GWB would have bombed Assad’s WMD launch sites hours after rockets were fired, and then held a press conference that evening to inform the public

  39. Essex says:

    28. Bingo. Imagine a full scale buildup with Russia. I can. Romney would have definitely gone the “mine’s bigger” route —

  40. The Original NJ ExPat says:

    [35] IIRC, it looked like the panels were in two gigantic roof-to-gutter “trays” butted right up against each other. I think it would have looked better, even using the same “trays” if there were equal sized gaps of two feet or so left, middle, and right instead of a 6 foot open area on the left side.

  41. The Original NJ ExPat says:

    I meant peak-to-gutter.

  42. We’re living in the gutter now.

  43. Brian says:

    But it wouldn’t be wimpy.

    39.joyce says:
    September 12, 2013 at 11:45 am
    And that also would have been a wrong course of action.

    Statler Waldorf says:
    September 12, 2013 at 11:26 am
    GWB would have bombed Assad’s WMD launch sites hours after rockets were fired, and then held a press conference that evening to inform the public

  44. joyce says:

    It would be overcompensating, at best.

  45. anon (the good one) says:

    @NewYorker: Could Obama’s Syria Diplomacy Lead to War? http://t.co/A0aBOnmUCO

    Libtard in Union says:
    September 12, 2013 at 11:04 am
    Obviously Putin is uncultured. Doesn’t he know that the only Americans who matter read the New Yorker?

  46. grim says:

    What did I say about automobile being the next big thing in mobile technology?

    QNX CAR Platform Powers Infotainment System in New Mercedes-Benz Concept Car

    Tim Cook – I’d suggest that you buy these guys (QNX) – But they are owned by BlackBerry – So that might be tough.

    Some photos of the QNX UI, plenty of opportunity here:

    http://www.motorauthority.com/pictures/1079243_a-look-at-the-near-future-of-in-car-technology-qnx-car-2_gallery-1#100402653

    Yeah yeah, I know they announced some automotive efforts as part of the WWDC 2013 – but come on, get off your asses.

  47. Statler Waldorf says:

    Here’s who we have creating, and using, WMD: “Syria has been on the U.S. list of state sponsors of terrorism since the list’s inception in 1979.”

    http://www.state.gov/r/pa/ei/bgn/3580.htm

    Obama’s goal two weeks ago was to deter development and use of WMD by a rogue state, and he failed spectacularly. The John Kerry “plan” this week cannot be implemented, since the country is an active war zone, and nothing can be investigated or verified. The “plan” is a complete fantasy, and Kerry knew it the moment after he mistakenly uttered the words. (Putin must have laughed for 30 minutes.)

    The only course of action to fulfill Obama’s objective, is the one GWB would have taken two weeks ago: “bombed Assad’s WMD launch sites hours after rockets were fired, and then held a press conference that evening to inform the public.”

  48. Statler Waldorf says:

    Trendy technology in expensive cars will drive depreciation down even faster. The S Class already depreciates at a breathtaking rate.

  49. Comrade Nom Deplume, in beautiful downtown Wilmington says:

    Quite a lot on Putin and Syria today. Did anon kick the hornets nest again?

  50. JJ says:

    Come home feeling like royalty in this majestic, castle-like residence. Your neighbors will feel like indentured servants

    I saw this in an ad for a home. Is this normally how you describe a home?

  51. JJ says:

    Also when they were selling Sandy cars. Late model high tech S type cars were going for less than Jeep Wranglers of same year.

    The electronics are overwelmingly expensive to fix. I also saw stuff like 1971 Camaros going for more than 2011 Camaros in the Sandy auctions. The electronics is a big black box of wires that are endless and expensive.

    Stuff like Nav, airconditioned seats, rear cameras power everything it is crazy, no college kid in 20 years could drive a used 200K 2013 German or Japanese high end the electronics would be a killer. Plus with stuff like check engine failing you the car could run fine and either a check engine or emmission failure could cause a 5k repair on a 1k car

    Statler Waldorf says:
    September 12, 2013 at 1:48 pm

    Trendy technology in expensive cars will drive depreciation down even faster. The S Class already depreciates at a breathtaking rate.

  52. grim says:

    Flood cars are trash, anyone claiming otherwise stands to make a lot of money by selling you a salvage/flood title car. I don’t care what it is, or how expensive it was. Anyone buying these cars thinking they were getting a deal, or could fix the gremlins that would pop up, was ripped off.

    Why would a salvage jeep sell for more than a salvage s class? Simple. Nobody with an S-class is driving with shitty insurance, or without collision, and they sure as shit wouldn’t stand for their $150k car being fixed with flood salvage parts that Vito hacked off the S-Class with a plasma cutter (nothing some bondo won’t fix). Now, the kid in the wrangler, with no collision and a $5000 deductible? He probably doesn’t care that the fenders, hood, bumper, grille, front suspension came off a wrecked jeep, after plowing his jeep into a wall after a night of drinking.

  53. Painhrtz - Disobey! says:

    Nom suprisingly it was Grim

  54. grim says:

    Thought I could get the crew riled up enough for a 100 comment day, not even close.

  55. Libtard in Union says:

    You could always mention Bebo.

  56. anon (the good one) says:

    or mention Apple again. all the Apple haters always come out in full force.

  57. Brian says:

    I also hate liberal weenies.

  58. anon (the good one) says:

    from Barron’s blog:

    “SEPTEMBER 11, 2013 4:52 P.M.
    Carl is a smart man.
    Lets play this price thing out as analysts had hoped and conditioned the market to believe:
    The iPhone 5 in China cost $925. Analysts were expecting the 5C to come in at no more than $500 in China. So lets do some basic math. How many $475 phones would Apple have needed to sell to make up for one $925 phone? Those who said TWICE as many iPhones get today’s gold star! Question number 2. do you think Apple would have sold TWICE as many cheap iPhones for every lost $900 sale? The answer is definitely not. it would have boosted unit sales at most by 20-30%. that’s optimistic. if hte strategy backfired altogether Apple could have found itself in a worse position: people not chomping at the bit to buy the cheap phones and lost $900 sales due to brand tarnishing.
    Thankfully Apple isn’t as stupid as analysts want them to be. There’s a reason analysts talk about other people’s businesses instead of running their own. Carl Icahn apparently understands that.”

  59. JJ says:

    Trader Joe’s takes away health plans, but offers stipend: report
    September 12, 2013, 2:38 PM
    By Russ Britt

    Add specialty retailer Trader Joe’s to the list of employers who will cut health-care benefits to its part-time workers — but it’s not untethering those workers completely from coverage.

    The privately held grocery chain, which had been heralded for offering benefits to its part-time employees, will give those workers $500 to help buy themselves coverage on health exchanges, according to a report in the Huffington Post.

  60. Anon E. Moose says:

    Brian [57];

    In Beijing, the New IPhone Gets a Resounding ‘Meh’

    That’s because the gray market version out the back door of the Foxconn factory has been on the streets for weeks already.

  61. JJ says:

    Stick to real estate. My buddy bought a bunch of flood cars from insurance auctions. Every care at auction had insurance.

    If you know what you are doing you take last known address of vehicle. You can roughly figure out height of water at that address. Then calculate out the height by specific models of where dashboard would be.

    The new S is a huge flop at auction. First it is very low to ground so water was most likely over dashboard and over trunk and hood. Second parts are extremely expensive and they have a huge huge amount of electronics and super expensive interiors.

    The wangler has a high center of gravity. No electronic windows, door locks or even heated seats. Seats are normally vinyl and floor mats rubber. Car is made to be driven through water so less water intake. Widely produced with cheap after market parts and plenty of them in junk yard from wrecks.

    Also exact opposite happens in resale to cars without insurance. They are worth more. I buy a car off someone with no flood insurance it is not tagged as a salvage title. I got clean title.

    Also high end cars. Many were run through car washes, marvel mystery oil, dehumidfied, and WD-40 asap. That really helps.

    Also PI work really helps. My neighbor down block had a one week old Honda SUV. He had water that did not hit dash. He was suprised it started. He had some crazy dashboards lights but since no cars around he drove it for next three weeks when insurance company came they just totaled it. I was so damm busy with flood. All I needed was his VIN and could of got it at auction dirt cheap, threw a dash in off a junk yard car.

    My friend who made money focused on high end porsches, ferraris, sports cars only that still started. He cleaned them asap and did the wiring and stuff that is very time consuming but less parts as cars ran. He was making good money. Middle class folk getting a two year old Prosche 911 convert for like 20K running and fixed dont really care that much.

    A highly inefficient and illiquid market with 1000 times the sellers as buyers where it is costing a fortune to rent space to store these cars and their values are falling like a brick was a good time to buy.

    S class folk are cheapskates. I saw on squak box this morning where a casino in vegas was talking about data mining and surpising info. Joe Curran asked like what. He said high income folk eat cheap food and junk food in Vegas and low income folks go to fancy restaurants.
    grim says:
    September 12, 2013 at 2:14 pm

    Flood cars are trash, anyone claiming otherwise stands to make a lot of money by selling you a salvage/flood title car. I don’t care what it is, or how expensive it was. Anyone buying these cars thinking they were getting a deal, or could fix the gremlins that would pop up, was ripped off.

    Why would a salvage jeep sell for more than a salvage s class? Simple. Nobody with an S-class is driving with shitty insurance, or without collision, and they sure as shit wouldn’t stand for their $150k car being fixed with flood salvage parts that Vito hacked off the S-Class with a plasma cutter (nothing some bondo won’t fix). Now, the kid in the wrangler, with no collision and a $5000 deductible? He probably doesn’t care that the fenders, hood, bumper, grille, front suspension came off a wrecked jeep, after plowing his jeep into a wall after a night of drinking.

  62. grim says:

    JJ – The primary buyers of flood salvage cars at insurance auctions are body shops and second-hand parts outfits. They are buying the cars at deep discounts for parts, those parts are used to fix collision cars. They typically don’t intend to rebuild flood cars. Well, at least not the reputable joints. Vito is flat bedding his cars to other states to get new clean titles and dumping the shit on idiots via second hand car lots on the side of shady highways.

    I know this because my cousin has a successful business rebuilding cars from salvage, including exotics – Vipers, NSX’s, Rolls Royces, you name it. Serious work, He once bought two totaled Rollers – One front end collision, one back end collision, and built one damn nice car out of it. I laughed because I saw pictures of half a Rolls on a flat bed, I think they cut it in half to cut down on the shipping costs.

    The salvage car business is very dirty, and there are plenty of crooks out there selling cars that are hardly road worthy. I remember seeing a Mercedes that was so bad, in order for the car to roll forward, it was actually at a 4 or 5 degree angle to the direction of travel.

    The demand for, and price of, resale salvage cars for parts has less to do with the original sticker price, and more to do with the demand for NON-OEM replacement parts. When you have a collision car, which is new, and take it in for repairs, it’s getting fixed with NEW parts, not salvage. The only time cars are fixed with salvage parts is when the owner is paying out of pocket for the repairs.

  63. Anon E. Moose says:

    Re: Sandy Cars

    http://www.autoblog.com/2013/02/21/estimate-for-sandy-damaged-vehicles-surpasses-250-000/

    That runway is two miles long. They’re lined up 12-deep all two miles. There’s a second runway just like it — 12-deep there, too. Four-deep on the taxiways adjacent to both runways. The ramp is full of cars. So’s the parking lots.

  64. Fabius Maximus says:

    I’m stuck in a cheerleading camp. My pounding headache is getting worse to the tune of Katy Perry.

    Flood salvage can be done if you know what you are looking at. The 911 can be stripped to the body she’ll and interior for one some A$$hat wrapped round a lamp post any parts over go on eBay

  65. Painhrtz - Disobey! says:

    f*cking bebo

    I buy a flood salvage 1st gen wrangler as JJ said but that is about it. cheap to fix hell have a friend from high school who is still driving his. but there is good money to made in the grey market if you know what the hell your doing.

  66. grim says:

    There are some wrecked exotics joints over the border in PA, fun weekend trip.

  67. grim says:

    I got a line on a nice Ferarri 360 Spyder – Flood – You guys want it, $20 grand.

    Tow it into your driveway, polish it up nice, the neighbors will think you hit the powerball.

    Engine may or may not work, but that ain’t no big deal.

  68. reinvestor101 says:

    Shlt, my damn blood pressure is about to blow a damn gasket. This crap with this stinking Putin is a bunch of damn bullspit and upsets the damn plan to take down Iran and get that punk Putin’s hand off the damn gas supplies. That punk is trying to hold the damn world over a stinking barrel. The time for diplomacy is over, we need to march right to damn Moscow and kick that damn commie’s ass. While we’re at in, let’s go to China and kick some pre-emptive ass there. And it’s not done with that, cause we need to go down to South America and spank every leftist damn tinpot dictator there. There’s nothing more scary than a Islamo fascist commie leftist latin american real estate terrorist alliance. Let’s get something damn straight—red blooded rock ribbed American patriots aren’t gonna stand for this bullspit for one damn second. ALL OF THEM ARE TO BE WARRED WITH AND THIS WAR CAN’T STOP UNTIL EVERY LAST ONE OF THEM IS WITH THEIR DAMN 23 VIRGIN FLOOSIES. This is America dammit and you don’t muck with us.

  69. JJ says:

    Grim you are also missing the whole “magic wanda” business.

    Folks just steal cars outright and then buy the vin numbers off another car and boom.

    For instance. Stolen, Porsche 911, 2012. Buy flood car at auction.

    Switch VIN numbers, ebay out usable parts on the flood vin or strip it. Then throw rest i the crusher.

    If you go on ebay people actually sell VIN numbers and titles of wrecked cars on a regular basis for “novelty purposes” only.

    NYS has no title on older cars. Just need registration and vin numbers. Registration can be super easy to get. Got a 1963 pontiac gto, dads old junk yard he left you has a few superbirds in back or 455 Chevelle SS convertibles that are just a few scraps of metal guess what sell the vin.

    I read recently someone bought a 1971 CUDA 426 Hemi convertible with clean title and paper work for 20K. Story went broke down in a field 20 years ago with super high milage all dented up and sat there uncovered for 20 years and all that is left is a few parts.

    Guy took a clone car 318 ci plain jane cuda convertible switched VINS, bought a crate 426 used whatever few parts from that car and sold it for 200K.

    Classic car market is full of clones passing as real cars.

    I wish I was only smart enough to pull the VIN numbers off cars I threw in crusher or left on street. I sold a few for metal only. For instance my 1971 Dodge Demon I left on side of road. It had clean vin. Any stolen or salvage title one those vins are worth a lot.

    It is main reason you see buckets of bolts in fields sometimes sell on ebay for 1k. Buyers sometimes just ask for tags and title sent and send junk yard for rest. That salvage title hertz 1971 corvette with 180k miles all at once is a one owner arizona low milage no accident car. Meanwhile that car blew an engine in 1979 or hit a tree with no insurance in 1980 and was sitting in a field someplace but who knows that now.

  70. chicagofinance says:

    Can you get fcuked with a Sandy-damaged vehicle if you buy a manufacturer’s certified vehicle?

  71. Ben says:

    well, we can now kiss Seaside goodbye. This fire looks like its going to take out the whole boardwalk.

  72. Grim says:

    Holy crap

  73. Ben says:

    the fire is 4 blocks long, its too big to even try to fight at this point.

  74. grim says:

    Doesn’t even look like they have trucks/hoses coming from the other side. Looks like the whole first block isn’t even being touched because they can’t get over the first set of buildings at the street. Driving bulldozers and backhoes through the boardwalk to try to create fire breaks. Looks like all of Funtown pier (what is left) is on fire.

  75. 1987 Condo says:

    Just off phne with brother, Bat. Chief, FDNY…”not enough water, no plan”…

  76. Grim says:

    News said they are trying to pump water from the bay.

  77. grim says:

    Looks like the water cannons can barely keep up with the wind, let alone the fire.

  78. Brian says:

    This is not a good day.

  79. Brian says:

    Getting hit hard right now with nasty thunderstorms. Power is going on and off.

    Think this line of tstorms is headed for seaside.

  80. grim says:

    Not good, ladders will need to come down

  81. Painhrtz - Disobey! says:

    That is the universe saying they should have rebuilt after sandy. Or it was the only way they could disinfect it after the jersey shore crew are finally gone.

  82. Juice Box says:

    Local channel 6 ABC News down the shore

    http://abclocal.go.com/wpvi/video?id=9246211&pid=9245840

  83. joyce says:

    Heard Christie is on the scene… for a photo op & campainging, I’m sure. Has he visited any other areas where there was a fire?

  84. Brian says:

    Fcuk you.

    joyce says:
    September 12, 2013 at 6:58 pm
    Heard Christie is on the scene… for a photo op & campainging, I’m sure. Has he visited any other areas where there was a fire?

  85. Painhrtz - Disobey! says:

    He heard it was a BBQ

  86. The Original NJ ExPat says:

    Maybe you guys have good local coverage on the networks, but the best video I’m finding is already on youtube.

    http://www.youtube.com/results?search_query=seaside+fire&filters=today&lclk=today

  87. Juice Box says:

    NJ 12 News has live coverage

    http://newjersey.news12.com/

  88. Fabius Maximus says:

    I’ll take the Jets D stepping up big and Geno sneaks it.

    Go niners!

  89. Comrade Nom Deplume, unpacking boxes for the foreseeable future says:

    [66] fabius

    “I’m stuck in a cheerleading camp. My pounding headache is getting worse to the tune of Katy Perry.”

    Welcome to my world. You learn to tune it out eventually.

  90. I’m surprised to hear that gluteus isn’t a Katy Perry fan.

  91. Comrade Nom Deplume, unpacking boxes for the foreseeable future says:

    [66] fabius,

    Picture of Fabius and friend at cheer camp. The very first photo.

    http://www.youtube.com/watch?v=xujP_JKHg5s

    (Full disclosure: I know these guys–this was my daughter’s squad and year. I remember when they got the outfits)

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