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…
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…
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:
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.
I will have the Market Report for Gwinnett County in the next day or two, but I thought I would leak a little of the information.
There are so many things going on in the world of finance right now. I know that you are hearing about things like:
And there are a hundred more…
If you haven’t heard, Washington Mutual (WaMu) is the latest and biggest bank to fail. The had put themselves on the block last week, but many industry folks had been waiting for them to fail for months. They have been carrying a LOT of bad debt and debt that looked like it would go belly up. They had a HUGE percentage of mortgages that were sub-prime, escalating and/or negative amortization… as well as Adjustable.