August 2010

There are 2 blog entries for August 2010.

I HATE TO TELL YOU I TOLD YOU SO

Friday, August 27th, 2010 at 3:35pm. 956 Views, 1 Comments.

Just a quick update to say as far back as a yearago, "I told you so"  

From the "horses mouth" that there was nohousing recovery on the way, in spite off all the bankers, mortgage brokers andwall street pundits (let's not forget our own government) saying they could seethe bottom, or see the light at the end of the tunnel.

Hold on to your money ladies and gentleman, thisride has just started.  Unemployment hovering around 10% nation wide,temporary agencies saying they are not hiring, the recent extension ofunemployment benefits AGAIN and the Chair of the Federal Reserve (you knowthat's the PRIVATE) corporation that lends money to the government and all thebanking institutions AT INTEREST is saying they are in the "longhaul" points to another downward…

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Trans Union Says delinquency is dropping

Wednesday, August 18th, 2010 at 8:06am. 832 Views, 2 Comments.

The following article is directly from DSnews.com.  I am providing it as information only.     Although TRANS UNION is reporting a drop in foreclosure REPORTING, I personally think we are about to see "round two" of the another bundle of mortgage failures.     It is my PERSONAL OPINION, that the banks have stopped foreclosing on properties so that their books will look good to the FEDS until they can deal with the tidal wave that just hit them over the past two years and have a process in place for short sales, cash for keys and "jingle mail" (when an owner just walks away and mails the keys back to the bank)   HERE IS THE VERBATIM ARTICLE: 

The national mortgage loan delinquency rate – measuring the ratio of borrowers 60 or more days behind on…

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