South Jersey slammed by foreclosures

From the Courier Post:

Foreclosure bites South Jersey hard

When first-time home buyer Derrick Hannah saw a three-bedroom ranch home in Willingboro, he fell in love with its spotless kitchen and its expansive backyard with a patio.

But, a couple of years ago, after buying it for $80,500 with no down payment, the father of three lost his computer job and later was served a foreclosure notice. He refinanced his mortgage three times to avoid foreclosure until he owed $185,000 on the same home, valued at $224,000 just two years ago.

This week, he finally sold his home at 48 Edgemont Lane in Garfield East — but for only $130,000 — to a single parent family in a “short” sale, which leaves the mortgage lender $55,000 short of the total loan amount but which allows Hannah to leave his home with no mortgage debt.

Willingboro, a municipality with lower median incomes, has been especially affected by foreclosures. It had the highest number so far this year in the tri-county area of Burlington, Camden and Gloucester with 330, but even wealthier communities are at the top of the foreclosures list.

Gloucester Township was second in the region with 323 foreclosures so far this year, followed by Winslow at 298, Camden at 256 and Washington Township at 206. Except for Camden, the other three municipalities have higher median incomes than Willingboro.

The highest number of monthly foreclosures ever filed against property owners in New Jersey — 6,133 — occurred in June and then fell to 5,813 by July, which was still more than in July 2008.

In the tri-county area, the more populous Camden County led with 2,214 foreclosures for the first seven months of this year, according to figures provided by the state Administrative Office of the Courts through July 31. Burlington County had the second highest total with 1,904 followed by the least populated Gloucester County with 1,301.

Burlington County Freeholder Christopher Brown of Marlton, who owns ReMax real estate and title insurance agencies, said short sales now represent about 55 percent of the home resale market.

This entry was posted in Foreclosures, South Jersey Real Estate. Bookmark the permalink.

83 Responses to South Jersey slammed by foreclosures

  1. lostinny says:

    First!

  2. lostinny says:

    309 SL previous thread

    We just finished watching season 3 last night. We’ll start season 4 today. :) No wonder we get along so well.

    Just got the ok for the CT scan. Doing that tomorrow. We’ll see what that says before the MRI gets the OK.

  3. Cindy says:

    http://www.pbs.org/moyers/journal/10092009/watch.html

    Bill Moyers (I know some of you don’t like him – Oh well.) talking to Simon Johnson (I do like him) and U.S. Rep. D -OH, Marcy Kaptur. 30 minutes

    System is based on access…
    They are taking their mistakes and dumping them on us…
    You must confront entrenched power…
    It’s time for new generals…

    Johnson explains that the bankers are just being bankers/capitalists. It’s the government that is supposed to stand up to the bankers. He sounds as though he has lost faith in O.

  4. grim says:

    Anyone else see a problem in this?

    He refinanced his mortgage three times to avoid foreclosure until he owed $185,000 on the same home, valued at $224,000 just two years ago.

  5. freedy says:

    grim , whats the difference the banks
    dont want these homes back.

  6. NJGator says:

    Steep losses pose crisis for pensions
    Two bad choices for funds: Cut benefits or take greater risks to rebuild

    The financial crisis has blown a hole in the rosy forecasts of pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to future generations of retirees.

    The upheaval on Wall Street has deluged public pension systems with losses that government officials and consultants increasingly say are insurmountable unless pension managers fundamentally rethink how they pay out benefits or make money or both.

    Within 15 years, public systems on average will have less than half the money they need to pay pension benefits, according to an analysis by Pricewaterhouse Coopers. Other analysts say funding levels could hit that low within a decade.
    Story continues below ↓advertisement | your ad here

    After losing about $1 trillion in the markets, state and local governments are facing a devil’s choice: Either slash retirement benefits or pursue high-return investments that come with high risk.

    The urgent need for outsize returns by these vast public pension funds, which must hit high investment targets year after year to keep pace with rising retirement costs, is in turn fueling a renewed appetite for risk on Wall Street.

    http://www.msnbc.msn.com/id/33264342/ns/business-washington_post/

  7. freedy says:

    gator:

    pensions don’t care just raise the taxes.

    another bailout,, many pensions are
    already asking the feds for a bailout.

    in nj, pensions will never be able to live up to the vig.

  8. gary says:

    There’s a one bedroom “house” for sale in Wyckoff listed at what the listing states, “jaw-dropping price of $350,000.” It’s one bedroom…. as in one…. as in a shack… with one bedroom…. as in a garage with a bedroom. I think they should “break the jaw” of the person who listed the house. Please list the reasons why someone would buy a one bedroom house at any price in any town?

  9. Outofstater says:

    #6 Wow! Yet ANOTHER financial thermonuclear bomb just waiting to go off. There are so many to choose from! Let’s see, pension funds, rising unemployment, commercial real estate, insolvent banks, equities rising on nothing but hot air, credit lines pulled, foreclosures, consumers with no money, municipalities with no money, states with no money, the federal government with no money, a web of bad debt strung all over the world, all connected. Oh yeah, everything will be just fine. We’ll just think good thoughts and sprinkle everything with fairy dust and all will be well.

  10. db says:

    What happens when the annual property taxes exceed the homes value?..is that a sign it’s too late to sell?

  11. Sean says:

    U.S. states suffer “unbelievable” revenue shortages

    In the second quarter of calendar year 2009, total state revenue was down 18 percent compared with the period in 2008, according to the National Governors Association, which projects revenue will not return to pre-recession levels until 2014 or 2015.

    http://news.yahoo.com/s/nm/20091009/pl_nm/us_usa_state_budgets

  12. yikes says:

    anyone up for some hardcore doom and gloom?

    i dont know how this place is as a source

    http://www.wnd.com/index.php?fa=PAGE.view&pageId=112452

    “Here we are in 2012. Food riots, tax protests, farmer rebellions, student revolts, squatter diggins, homeless uprisings, tent cities, ghost malls, general strikes, bossnappings, kidnappings, industrial saboteurs, gang warfare, mob rule, terror,” he writes for a quarterly publication that is available through subscription on his website.

  13. Sean says:

    Yikes in Detroit first, there was a near riot last week as these people were all rushing to get their Obmama Stash.

    http://www.detnews.com/article/20091011/OPINION03/910110312/Rush-ing-to-judgment–National-commentators-don-t-understand-Detroit-s-plight

  14. yikes says:

    my only worry is that 2012 is so far away … most of the “long-term” food we have stashed away has an expiration date in 2011 or 2012!

  15. BC Bob says:

    Yikes,

    Flip the 2010/2011 goods for 2012 and beyond.

  16. yikes says:

    random Q:

    how much thought do you guys put toward where your portfolio is at what age?

    (I’m just talking about investments/401k that you dont plan on touching until retirement)

    is there a thought/idea about how much your portfolio should be at 40? 50?

    to enjoy a comfortable retirement, do you think your portfolio should be $1 mil by age of 45?

    we’ve talked to our financial advisor about this, i just figure it might not hurt to hear other feedback

  17. Shore Guy says:

    Plank one of my “platform” : eliminate pensions for all elected officials, execpt POTUS

    Plank two of my platform: reduce every total government budget by 2% over theprior year’s spending for each of the next10 years; individual agencies budgets may rise but total expenses for the entire political entity must decline 2% over that budgeted the prior year.

    Plank three, arrest and send to trial any lawmaker who mistated income on any tax form or financial disclosure form.

  18. Shore Guy says:

    BC,

    Friday was a bit of a letdown for us. How did you like the show, and did being 10 minutes from the stadium increase the value of your home?

  19. safeashouses says:

    #4 grim

    I noticed he owed 100k more than he paid for the house. Sounds like he at least was using debt to make his monthly payments, perhaps he even picked up a few toys along the way.

  20. Sean says:

    haha – Norwegians are now saying they gave Obama the award now because of his commitment to reducing nuclear arms.

    President Barack Obama’s Nobel peace surprise was given “primarily for his work on and commitment to nuclear disarmament,” according to Agot Valle, a Norwegian politician who served on the award committee.

    Using that criteria they should have given it to GWB because he actually signed a treaty with Putin back in 2002 to do just that. The treaty is the last strategic arms reduction pact over the last 17 years, and obliges the United States and Russia to slash their nuclear arsenals by two-thirds to between 1,700 and 2,200 warheads by 2012 bringing them down to their lowest level ever.

    Where is GWB’s award?

  21. Shore Guy says:

    Mr. Hannah is so very clearly a victim and we should be doing everything in our power to make him whole. After all, his house was worth over $200m and THAT was supposed to be like money in the bank. Where is the FDIC or some other governmental agency to make whole this victim of circumstances beyond his control?

    I say it is time to dig a little deeper and to give until it hurts to help this guy and everyone else. It is only fair.

  22. yikes says:

    http://www.forbes.com/2009/04/02/billionaire-clusters-harvard-skull-and-bones-goldman-business-billionaires-wealth.html

    “Billionaires who derive their fortunes from finance make up one of the most highly educated sub-groups: More than 55% of them have graduate degrees. Nearly 90% of those with M.B.A.s obtained their master’s degree from one of three Ivy League schools: Harvard, Columbia or U. Penn’s Wharton School of Business.”

  23. chicagofinance says:

    16.yikes says:
    October 11, 2009 at 11:51 am
    random Q:

    how much thought do you guys put toward where your portfolio is at what age?

    (I’m just talking about investments/401k that you dont plan on touching until retirement)

    is there a thought/idea about how much your portfolio should be at 40? 50?

    to enjoy a comfortable retirement, do you think your portfolio should be $1 mil by age of 45?

    we’ve talked to our financial advisor about this, i just figure it might not hurt to hear other feedback

    y: a portfolio should be managed toward its intended use; anyone who spits out some rule of thumb is either dumbing the issue down for you, or worse themselves;
    are you familiar with discounted cash flow analysis? Perform a DCF on your own life. Your financial advisor should provide this service to you without incremental cost.
    http://en.wikipedia.org/wiki/Discounted_cash_flow

  24. chicagofinance says:

    For the el cheapo set…use this site to generate a budget, then create a DCF off it….
    http://www.mint.com/

  25. chicagofinance says:

    At a recent celebrity event where Diane Sawyer was tending bar, Wendt asked for a “rainbow cone.” Sawyer was confused, so Wendt explained, “Just open up all the taps and move the beer mug from one to the next until it’s full.”

    Monday in the bar with George
    By JUSTIN ROCKET SILVERMAN

    Last Updated: 11:54 AM, October 11, 2009

    Posted: 2:17 AM, October 11, 2009

    Woody: Can I pour you a beer, Mr. Peterson?
    Norm: A little early, isn’t it, Woody?
    Woody: For a beer?
    Norm: No, for stupid questions.

    Thus was born the cult of Norm Peterson, the most famous barfly to ever emerge from must-see TV. A living legend in the form of actor George Wendt, Norm from “Cheers” is a welcome sight at any watering hole. Now joining a long and proud history of literary lushes, his first book, “Drinking With George,” is out this month, chronicling his journey from illicit sips of Grandpa’s Budweiser to his discovery that one should always grab two beers on a trip to the fridge, in case you finish one off before getting back to the couch.

    Wendt flew from his LA home to spend Monday on the town with The Post, where we learned that “Drinking With George” is more than a book title, it’s a lifestyle. Wendt took us to four of his favorite NYC taverns — we hope you’re thirsty.

    5 p.m. HOUSE OF BREWS
    363 W. 46th St., at Eighth Avenue; 212-245-0551

    Wendt had hardly sipped his first pint of Chelsea Brewery’s Hop Angel IPA when it began.

    “Norm! Hey, that’s Norm!”

    With that, the actor was surrounded, this time by a pack of tourists from Maryland, grabbing a drink before their Broadway show. They were overjoyed to lift a glass with Wendt, as if they were suddenly part of that warm and jovial world where Sam, Cliff and Normy passed their evenings, every evening. There were many hands to shake and photos to pose for before they finally let Wendt get back to his true love — his beer.

    “I can’t expect to go to a bar and not be recognized,” he said. “If I was going to feel weird about being called ‘Norm,’ then I shouldn’t be out. Instead of hiding, or acting like I don’t want to be bothered, it’s best to embrace the attention.”

    Wendt became a fan of House of Brews last year while staring in “Hairspray” on Broadway and on this night he sampled a good number of local beers, moving from IPA to Coney Island Lager. All he’ll say is that he “never met a beer he didn’t like.”

    Wendt takes his beer dark, preferably pitch black, and downed pint after pint of stouts with almost as much alcohol as wine. Trying to keep up with his impressive levels of consumption, we learned that — as his book jacket boasts — he truly is a “barstool professional.” Despite frequent interruptions from fans, many locals who might otherwise keep cool around celebs, Wendt managed to make 14 beers (a few merely quarter-glass samples) and a shot of Irish whiskey disappear — as well as the platter of calamari and other noshes that arrived compliments of the house.

    Needless to say, the next day was a bleak and painful one for us. Wendt, 60, woke up feeling just fine. He’s been at this game for decades, and well before he landed the role of Norm, Wendt was already living his character’s life.

    In “Drinking With George,” he tells how he missed orientation at Notre Dame because he was sleeping off a drunk. When finals rolled around, he was 1,000 miles away on a weeklong bender in Denver.

    After school, Wendt “graduated” from Chicago’s Second City comedy troupe in 1975. Seven years later that led to a one-line walk-on in a new sit-com. All he had to do was walk into a bar and say, “Beer,” but something in the way he delivered the line inspired producers of “Cheers” to turn him into one of the bar’s chatty regulars.

    Wendt remains great friends with Woody Harrelson, and recalls a time when they stayed at the same hotel as the US women’s synchronized swimming team. He charmed them into taking a midnight swim, but left before his younger co-star took a co-ed soak with them in a hot tub.

    He once prepared for a driving test by clearing the empty beer cans from the back seat. He says most of his debauchery stems from his philosophy of “What if it’s good?” It’s a maxim that drives him to ever greater heights of consumption.

    “Obviously, if you take a look at me, I’m not into self-denial,” he explained. “My theory on pleasures of the flesh — not so much sex, but food and drink and the senses in general — is why would I say ‘No thank you?’ Because what if it’s good? I would have missed out on something good.”

    6:15 p.m. THE GINGER MAN
    11 E. 36th St., at Fifth Avenue; 212-532-3740

    At a recent celebrity event where Diane Sawyer was tending bar, Wendt asked for a “rainbow cone.” Sawyer was confused, so Wendt explained, “Just open up all the taps and move the beer mug from one to the next until it’s full.”

    Ginger Man manager David Urbanos looked horrified when Wendt described the concept. Which made sense considering his bar has 70 craft beers on tap and 130 more rare and exotic bottles. The vast selection makes the Ginger Man a beer drinker’s paradise, the Wendt equivalent of 72 virgins.

    Talking Wendt out of a rainbow cone, Urbanos steered him to cask-conditioned stouts: dark brews kept only slightly below room temperature. Wendt even tried an Italian stout made with hot chili peppers.

    But getting down to the serious business of heavy drinking, Wendt demonstrated how to get comfortable at a crowded bar. The first step is to “establish a beachhead,” finding at least one empty seat to occupy, just as the Allies landed first at Normandy.

    From there, Wendt began a supply line, ferrying pints of beer back from the beachhead to waiting friends in the crowd. It worked admirably. Before long, he had occupied other barstool beaches. It helped that other customers began to notice the big fella nudging them out of the way.

    “That guy is an icon, a drinking icon,’ said Neil Gray, 34, after he had moved over to make room for Wendt. “Having Norm drink here is like a stamp of approval on this bar.”

    7:45 p.m. SPUYTEN DUYVIL
    359 Metropolitan Ave., Brooklyn

    The hipsters and assorted locals who call Spuyten Duyvil home on Monday night were visibly surprised to see “Norm” walk into their tiny bar. One young woman asked if he “was the mailman from that bar show?”

    “If I could think of a list of the top three people I’d want to come into my bar, he would definitely be on it,” said owner Joe Carroll, who presented Wendt with a tray of barbecue brought from Fette Sau, his restaurant next door. Those chunks of pork belly didn’t stand a chance.

    Getting into our sixth and seventh drink of the night, conversation took a turn for the deep. At the end of his beer manifesto, Wendt imagines himself “. . . turning into some sort of boozy Colonel Kurtz, lost not in a heart of darkness but in a haze of great brews.”

    Asked about the difference between beer lust and alcoholism, Wendt is silent. But he does offer this: “I puked as recently as this summer. My brother was pouring Allagash Tripel in half-liter glasses, and it was just delicious. We were going to watch a ballgame [and have fried chicken], but it was rained out. We just kept drinking and drinking.

    “I remember crawling up the stairs and grabbing the banister. I got into bed and started getting dizzy and I grabbed a plastic wastebasket and just puked. I was instantly better — a real boot and rally — but man I felt like such a frat boy, 60 years old and throwing up in a wastebasket in my mother’s house.”

    9 p.m. ROCKY SULLIVAN’S OF RED HOOK
    34 Van Dyke St., Brooklyn

    More than the beer, Wendt is drawn to Rocky Sullivan’s by the owner, Chris Byrne, a longtime friend. In fact, the actor may be the No. 1 fan of Byrne’s band, Seanchai & the Unity Squad, described as “the world’s only punk-funk Celtic hip-hop band.”

    As Byrne played the Uilleann pipes, Wendt was joined by Graham Skipper, a member of the underground comedy troupe Fuct, and Jordann Baker, an aerialist with Lady Circus, surprisingly young pals for the star of a sitcom that filmed its last episode more than 15 years ago.

    “What, you expected me to be friends with boring people?” he asks.

    After Byrne’s set, Wendt sat and listened to his pal’s tavern-master tales. If he was weary from four hours of drinking, he didn’t show it, steadily dispatching pints of Guinness with his only break a shot of whiskey.

    “I used to be sheepish about people offering to buy me a beer, and I would politely decline,” he said. “But their faces would just sink, and I realized they really wanted to buy Norm a beer. So now I accept the offer. My high school and college friends think I’m an absolute genius. I’m the only one of us who has figured out how to make a living by drinking beer.”

    NORM!
    The best and worst of being George Wendt

    The Best
    ■ 1. Everybody you meet wants to buy you a beer, whether you want one or not.
    ■ 2. You pretty much always want one.
    ■ 3. Despite the tumult of Hollywood relationships, you stay happily married to the same woman for 30 years.
    ■ 4. Bono recalls drinking with you in a Dublin pub.

    The Worst
    ■ 1. Everyone calls you “Norm!” even though your name is actually George.
    ■ 2. You always have to order under your breath, as you don’t want to be seen endorsing one brand over another.
    ■ 3. You spent years driving around in a VW Beetle with a Rolls-Royce grille, a practical joke from your father.
    ■ 4. Everybody you meet wants to buy you a beer, whether you want one or not.

    jsilverman@nypost.com

  26. confused in NJ says:

    BREAKING NEWS: This just in!!! Obama wins the Heisman Trophy after watching a college football game!!!

  27. renter says:

    We went to an open house today. We were about to leave and the realtor told us he was negotiating with two separate buyers. He wanted to be honest with us so we understood that we needed to bid above asking at this point. I said “we can’t bid above asking so we will be leaving now. I wish you all the best with the sale.”

    Why would you have an open house if you are negotiating a sale with two separate parties?

    (When I opened one room in the basement, I literally thought I was going to get sick because the smell was so bad. )

  28. Barbara says:

    renter,
    translation: My sellers are in the hole from their 2005 refi and can’t accept a price lower than offering because they have zero in the savings account and one of them has been laid off. So don’t bother offering below their debt load,they simply can’t take the offer.

  29. Shore Guy says:

    Barbara,

    We have identified several occasional-use homes that we like but every single one (NJ, NC, NY) had a mortgage far above the purchase price and way above our assessment of the market value. As such, we have just sat on our hands. It is not worth our time and effort.

  30. lostinny says:

    I went to an open house for a rental today. The person showing the house was 10 minutes late, took 10 minutes to get us in the apartment because his keys didn’t work and the open house was only half an hour long. Only one other couple showed up. They didn’t clean the apartment prior to showing as was evidenced by the dirty toilet and the white (probable cat) hair stuck to the burners on the stove. Lovely.

  31. renter says:

    The translation sounds reasonable.

    Shore–how can you find out what the mortgage on someone’s house is?

  32. Shore Guy says:

    We ask. Also, there is some data available from county Websites. The county data does not tell the current outstanding amount but will tell one the amount borrowed at points in time.

  33. chicagofinance says:

    yikes: maybe this bit of advice might be more helpful to you…..if you are interested in maintaining your current lifestyle and you are early career (i.e. younger than 37-38), then you should be savings in your 401(k) between 12-15% a year including company match and profit sharing. You own a house. Do not plan to retire until you mortgage amount is zero. You need to own enough term life insurance to pay for all your child’s educations in full, your mortgage, and enough to prevent your wife to have to do something draconian. Vice versa.

    Generally, it means 5x-8x salary….including GTL from employers.

    If you are nearing your late 30’s. Make sure to get an independent term life insurance policy as soon as practible, before you are diagnosed with something.

  34. Shore Guy says:

    lost,

    And your problem with that was?

  35. Shore Guy says:

    News Flash:

    Obama watches a movie, is given Oscar.

  36. Shore Guy says:

    If B.O. listens to three songs, will he receive three Grammys?

  37. yikes says:

    chi – yeah, we pretty much do what you say. never had a 401k prior to 2006, so i kind of feel like im playing catch-up.

    but then wife came along, we combined forces, and started to save more/dump more into 401k and now i think we’re in a good spot.

    after the house, we got the life insurance.

    of course we think we’re going good now … the ‘worry’ is what happens when the kids arrive and the wife wants to stay home.

    got over a year before those kinds of thoughts get serious, though …

  38. Shore Guy says:

    NJC,

    Do you have anything at Starland on the 20th or 21st?

  39. lostinny says:

    34 Shore
    I know. The nerve of me!

  40. Barbara says:

    Shore Guy,
    our two realtors are baffled as to why we won’t just come see a few houses. I’ve explained several times, I’m not bailing out 2005 and when and if they get into the REO biz in the next year or two, get back to me. And we really need to move, our situation is tight and we are kinda getting crazy here but wait we will.

  41. MovinB says:

    Can a landlord in NJ ask for two months security deposit?

    We are hoping to rent a house, but landlord wants an extra half-month above the standard month and a half because we have cats.

    I thought there was no exception to the law capping the amount at 1.5 months rent.

    Thanks in advance, all!

  42. NJCoast says:

    Shore-

    Third Eye Blind at the Starland Oct. 21st.

  43. Shore Guy says:

    Well, at least I know that name, lol. After Nirvana, Soundgarden, Meat Puppets, Pearl Jam, Phish, and the like, I have become so out of it. I know far more music from the Swing Era than I do since 2001.

    What time do they go on? I have a meeting across the river and depending on when things wrap up I may pop in for a bit of an education.

  44. NJCoast says:

    Hey Shore-

    That ramshackle of a house in Spring Lake that had gone under contract is back on the market. The buyers probably went running for the hills after the home inspection report. Or the bank wouldn’t except the short sale bid.

  45. NJCoast says:

    accept that is.

  46. Cindy says:

    http://www.youtube.com/watch?v=QdgCajndgNw&feature=related

    Shore – You’ll remember this – Jumper

    He’s on the table and he’s gone to code…

    @ 36 – Obama DID win a Grammy for the spoken album of the year 2005 – “Dreams From My Father.”

  47. Shore Guy says:

    NJC,

    The RE agent should have been ashamed of herself posting the photos tht she did. The house might have once looked like it did in the photos but, oy!, what a mess.

    It was a shame, really. I think that for the right price (and an essentially-sound house) I could have lived with with the train tracks. After all, we would have only used the place now and then and in summer, and the tracks are not used for freight. I wonder what the bid was and whether it brought the seller and bank closer to reality. At this point, I dont know if the property is worth more as land or as land with a structure.

  48. NJCoast says:

    Shore-

    Maybe you’d prefer the show I’m doing at the State Theatre in New Brunswick on the 23rd. Paul Anka. Just kidding.

  49. lostinny says:

    NJCoast

    Do you only do shows in Jersey? Ever do any in Manhattan?

  50. BC Bob says:

    Did Bruce dedicate Working on a Dream for O?

  51. Shore Guy says:

    “Paul Anka”

    I would rather have bamboo shoved up stuck under my fingernails.

  52. Shelley says:

    Several big dollar houses on the market in Chatham about to head into foreclosure as sellers refused to drop their prices and they continue to bleed money. They are waiting for the the buyer (read sucker) who will pay for their mistakes. Unfortunately the clock is running on them and the suckers are not showing up.

    The amazing thing is several homes have sold in the $850-900K range in such toney areas as wickam woods or rolling hill or even the highlands. There is a real disconnect between some sellers and comps. These people believe the comps in their neighborhood dont affect their home because they overpaid or did this upgrade or that update.

    As the clock ticks, things are just getting worse in Chatham.

  53. Schumpeter says:

    lost (30)-

    That’s too bad. Every good cook knows you have to parboil and skin a cat before grilling it over an open flame.

    “They didn’t clean the apartment prior to showing as was evidenced by the dirty toilet and the white (probable cat) hair stuck to the burners on the stove. Lovely.”

  54. Schumpeter says:

    movin (41)-

    More than 1.5 months’ security is illegal in NJ.

  55. Schumpeter says:

    Shore (51)-

    You’re havin’ my baby…

  56. Schumpeter says:

    In case anyone wants to play another round of inflation? deflation?

    “ALLL” stands for allowances for loan and lease losses:

    http://tinyurl.com/yjeo9u7

  57. Schumpeter says:

    Fun times in currencyland:

    “The cremation of the dollar is spreading as other Central Banks realize what a nifty trick currency devaluation is. The BBC notes that tomorrow the CEBR (Centre for Economics and Business Research) will present a new forecast which calls for the BOE rate to remain at 0.5% until 2011, and to hit 2% in 2014 at the earliest. Furthermore, the pound will be the next carry currency, as it is now expected to drop to $1.40, and below €1. The culprit is the same as in the US: out of control budgets, which will be “moderated” by tax rises (precisely the thing Goldman was warning against earlier) and spending cuts.”

    http://www.zerohedge.com/article/race-currency-bottom-cebr-predicts-pound-140-below-€1

  58. MovinB says:

    #54 Schumpeter

    Cool. I wanted to be able to negotiate with confidence. Thanks!

  59. BC Bob says:

    Schump [57],

    The west is kaput. The only option is to print to oblivion.

  60. Shore Guy says:

    Isn’t that Neil Diamond?

    Paul Anka was a Teenager in Love, right?

  61. lostinny says:

    53 Shump

    I’m well aware. Apparently, the previous chef wasn’t very well trained.

  62. chicagofinance says:

    Strumpet: Are you able to form a proper setence using both “ulcerative colitis” and “Ara Hovnanian”?

    53.Schumpeter says:
    October 11, 2009 at 9:10 pm
    lost (30)-
    That’s too bad. Every good cook knows you have to parboil and skin a cat before grilling it over an open flame.

  63. chicagofinance says:

    sentence

  64. chicagofinance says:

    Collective Soul singing Ara’s theme song…
    http://www.youtube.com/watch?v=7lr7KscrWIQ&feature=related

  65. chicagofinance says:

    Favorite song by AIC…yeah, I know they have sh!tloads better, but I just like this one….
    http://www.youtube.com/watch?v=CDTGZOf1N6U

  66. chicagofinance says:

    Music in the 1991 starting with the simultaneous appearance of Jeremy and Smells….was the best stuff ever…the first cracks in the dam were the appearance of derivative stuff such as Bush, then the Spice Girls in 1997 and finito…..

  67. NJCoast says:

    Shore-

    You’re confusing your ’50’s teen idols. Clot is right. Having my Baby. Diana. The Times of your Life. Put your Head on my Shoulder. Puppy Love. All Paul Anka.

    Lost-

    I try not to venture out of NJ. NYC is a logistic nightmare for me with parking, load in, load out, etc. Although a promoter did drag me out to Snug Harbour a few times around the turn of the century. That was a challenge.

  68. silenttilnow says:

    I have asked this before but no one responded, maybe I’ll get lucky this time:

    If you rent a commercial space where landlord is defaulting on mortgage, what is the probability that you will be able to keep your business in that space after bank takes over?

  69. lostinny says:

    67 NJC
    Snug Harbor as in Staten Island?
    I understand the nightmare of loading in and out in the city. I miss living there when I didn’t have a car and didn’t have to worry about a commute of any type.

  70. Shore Guy says:

    “You’re confusing your ’50’s teen idols.”

    I try not to think of teen idols of any era. Pop music has never done it for me. I love classical, ragtime, dixiland and swing jaz and, of course the blues — whether the Delta Blues of Robert Johnson, Howlin Wolf, etc, or later things from Big Momma Thornton, B.B. King, or the power blues of Led Zeppelin, Eric Clapton, et. al. Metal, lots of punk, new wave, grunge, it is all good; just don’t make me listen to “top 40” stuff from the 50s etc. I make an exception for Motown.

    Most things that chart are insipid. Even with Bruce, I would much prefer to hear Crush on You, Factory, Growing Up, Open All Night, or Sandy, than Hungery Heart, Dancing in the Dark, or most of the chart-topping things he has done.

    Time for a little Sabbath, I think. Maybe solo Ozzy, to end the night. I hear the real estate deals are better Over the Mountain and to get there one can take a Crazy Train.

  71. Shore Guy says:

    I just keep waiting for someone, maybe it has to be another person or band from the UK, to rediscover the blues and reintroduce America to them. Popular music that flows from the blues is worth the time to listen to. Puppy love, Spice Girls, etc? I’d rather be gagged wiith a cocker spaniel.

  72. BC Bob says:

    “Sandy”

    Shore,

    Thurs nite show.

  73. Shore Guy says:

    I appear to be in mod.

  74. Shore Guy says:

    BC,

    RUB IT IN WHY DON’T YOU. #$@+!

    The set list from Thursday blew away Friday. The show on Friday was a real letdown, although I enjoyed Spirit, Darlington County, and Working on the Highway. What is it with Sunny Day? I had enough of that song by the end of last year’s tour. I never cared for Hungry Heart and have had my fill of that one as well. I had an opportunity to see a show in Philly but it is another BITUSA show and I am BITUSAed out.

    NOW, a show that is The River, I would be there in an instant. I have some work in Buffalo the day after the last show and would very much like to see that show if I can get a good seat. Unfortunately, the good ones are sold out and the brokers are as delusional as some folks trying to sell houses in NJ.

  75. Shore Guy says:

    I just keep waiting for someone, maybe it has to be another person or band from the UK, to rediscover the blues and reintroduce America to them. Popular music that flows from the blues is worth the time to listen to. Puppy love, Spice Girls, etc? I’d rather be gagged wiith a c0cker spaniel.

  76. Shore Guy says:

    Where is Little Steven and the Diciples of Soul when we need them?

  77. chicagofinance says:

    74.Shore Guy says:
    October 11, 2009 at 10:53 pm
    I just keep waiting for someone, maybe it has to be another person or band from the UK, to rediscover the blues and reintroduce America to them. Popular music that flows from the blues is worth the time to listen to. Puppy love, Spice Girls, etc? I’d rather be gagged wiith a c0cker spaniel.

    shore: I still remember the Grammy’s from 2003 or so. I think it was the Norah Jones sweep year. She was fine, but there was way too much idiotic hip-hop crap and ‘N Sync detretus. I was realizing that Gen Y sh!t was really starting to hit full force into things. I pretty much figured that I should just kiss off music, and then this thing hit the fcuking screen….it was so stark….it was a serious mental enemy….
    http://www.youtube.com/watch?v=k0FP0JSvdHY

  78. chicagofinance says:

    …mental enemA!!!!

  79. Shore Guy says:

    Chi,

    Two great links.

  80. Shore Guy says:

    Chi,

    Two great links.

  81. FLOW Report says:

    Take it from where it comes but…

    I went to church in the Fanwood, Scotch Plains, New Providence area today. I couldn’t believe it- everything seemed to be on sale and so many open houses after the season.

    Just sayin’

  82. Essex says:

    The blues have been abused by every known baby boomer with a guitar.

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