Foreclosure Setup
“No capital, no income” loans.?
Hair-raising expose on public radio today which showed that banks have been and continue to give mortgages to people who cannot show any mean to repay.
The theory was that the banking system could tolerate a 10% foreclosure rate, and Wall Street created bonds (along with auto-designated high ratings for them) to allow international speculation on the US housing market. “We couldn’t print them fast enough,” said one trader. Well, foreclosure has now reached 16% and 50% is considered possible as the punctured balloon careens out of control.
“We all sensed there was something wrong with the whole setup,” said the pundit, “but everybody was making money and we had to lower our standards to be in the market at all.”
Call me Chicken Little, but it seems the sky has well and truly fallen in on the financial world. I had no idea how bad it was until I heard the figures today — No?
I don’t know what to believe. The truth of the matter is that you practically have to have a degree in economics to understand the economy. Politicians can do a number of things to manipulate the numbers in their favor. Just recently I learned that “unemployed” means that a person doesn’t have a job, but are actively looking. If you don’t have a job and are /not/ actively looking for one you are not factored into the equation. If they can make understanding /that/ complicated how are we really going to understand anything else about what’s going on?
Arizona Foreclosure and Short Sale Law
|
|
Managing Your Motivated Seller Calls Once you learn how to market to get motivated sellers calling, you discover a new challenge… managing all the calls from motivated sellers! Learn how to effectively manage the calls from your motivated sellers including how to give the perfect presentation with your best salesperson every time (even when they’re not working) and much more… This audio program includes the following: * Why y… |
|
|
Monitor Foreclosure w/ Mini Surveillance DVR Camera $169.99 Installing your own state-of-the-art security system, replete with a motion sensor and DVR doesn’t have to cost a fortune, nor do you have to hire a commercial grade security company to install it. Mounting, setting up and operating the NiteWatch sensor and camera alarm system is a snap and will only cost you a fraction of what the commercial companies want for their services. The NiteWatch comes … |
