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Category Archives: real estate

Chicago Sheriff Refusing to do Foreclosure Evictions

This is from the AP.

Residents of foreclosed properties in Chicago and other parts of Cook County don’t have to worry about deputies forcing them out. Sheriff Tom Dart says that starting Thursday his office won’t take part in evictions.

Here is a link to the story.

On the face of it,

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So, how does one get property at a deal price?

I wrote a post not long ago about about foreclosures, and how they aren’t always the great deal people make them out to be.  That led to two things…

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That’s why we play the game…

I am hearing a score of different opinions about how this rescue or that bailout is going to affect the credit market, stock market or housing market.  Seldom do the agree… most float to the extremes:

  • It won’t have an effect at all, it is wasted money
  • If we don’t, the world will crash down around us

And yet, here we sit on a VERY down Dow (could turn tomorrow) and a still frozen credit market.  Of course, the programs take a little time (at least the proponents tell us that) to get rolling.

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Have you been left wondering how we’ve gotten here?

There are so many things going on in the world of finance right now.  I know that you are hearing about things like:

  • Mark to Market
  • Credit Market Freeze
  • Derivatives
  • Sub-Prime Mortgage Meltdown
  • Mortgage Backed Securities (MBS)

And there are a hundred more… 

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Oh, just short sell it…

I don’t like to write about short sales, because people will find the post through Google… but this is important.

While I was wandering through a neighborhood grocery store here in Lilburn, GA, I overheard a conversation.  I wasn’t liking what I was hearing.

Two folks were talking about

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