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
Yes, it would be one of the catch-lines from “Hitchhiker’s Guide to the Galaxy“, but it could hardly be more appropriate to the situation that we are facing both locally and nationally. And there are two very different situations that we are facing right now…
Driving home this afternoon I was behind a small SUV that had an advertisement for a “credit repair” firm on the back. And that was specifically what the sign said:
Get the “Good CREDIT” you DESERVE
And as I drove along, I was thinking about that… it brought up a point:
Do you DESERVE good credit?
Ken Cook, not the weatherguy, is one of the Mortgage guys that I call. He is an outspoken critic of bad practices in the Mortgage Industry… as well as being a veritable library of information for consumers.
Yesterday, Ken posted
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.