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Tag Archives: foreclosure

Interesting article…

The best thing to do would be to read it before reading the date.

The Trillion Dollar Bank Shakedown That Bodes Ill for Cities

If you get curious, here are the Wiki entries for two of the mentioned entities.  One Two

They aren’t the only cause for the current credit/confidence crisis… but they are a biggie.

Real Estate up? Real Estate down?

I have been looking at the impacts from the proposed bailout… I see three possibilities:

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It’s a Dirty Job, and nobody has to do it…

There were a couple of posts on Active|Rain today that reminded me of a situation I encountered a couple of years ago.  It was a short sale/foreclosure.  Let me summarize the posts that made me think about this…

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Sometimes doing the right thing hurts.

I started by explaining in Everybody put your heads down on your desk… how we got to this ugly spot in the road where we see the paths of:

  • Government intervention in loans

or

  • A rush of foreclosures

In this installment,

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Everybody put your heads on the desk…

Do you remember those words from grade school?  The big kid from the back of the class shot a spitball at the teacher, and so everyone got the same punishment.  There were 29 kids in the class that didn’t do anything, but they still got the same treatment.  What’s worse is that the kid that caused the trouble didn’t suffer any more than the kids that didn’t.

That was simply because it was

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