Archive | November, 2011

November 27, 2011

0 Comments


Foreclosures

Picking your Spots and Having Patience for it to Surface

foreclosure-end-ahead

The State of Nevada has made it very clear that it will not tolerate improper foreclosures by making it a felony to not follow foreclosure procedure. This is simply a good thing. Removing someone from their home is a very serious business and has deep emotional and social implications. Until recently, foreclosures were being handled […]

Continue reading...

Perhaps an Aggravating Thread Should Not Be Pulled

kitten-pulling-thread-from-ball-of-yarn

I have always said that if you torture a number long enough, it will say whatever you want it to say. I believe that is the case with a recent study conducted by the Federal Reserve Bank of Cleveland. The study claims that foreclosed upon properties that are vacant have a lesser negative impact than […]

Continue reading...

November 25, 2011

0 Comments


Foreclosures, Mortgages

More On The Role of Servicing Agents

one-vs-many

Okay, I have made a couple of comments in this blog with regard to the actions of servicing agents and their role in the housing crisis. And now I have more to rail about. As part of the realignment of Fannie and Freddie and their foreclosure policies, the FHFA has directed the two thieving behemoths […]

Continue reading...

Laziness Knows No Bounds

lazy-worker

I have thought it through carefully and drawn my conclusion. Economies that are highly based on services are a reflection of a highly developed sense of laziness of its people. Case in point? Two new services that are seemingly cool yet incredibly revealing of the laziness of people. They are Real Time Quotes and Build […]

Continue reading...

If You Don’t Succeed Try it Right the First Time Or, a Case for Pre-Approval

pre-approval-for-mortgage

Okay, I am tired of saying NYT.  So now they are going to be referred to as the paper formerly called NYT.  Maybe not.  Too long a name. I honestly don’t know how Prince did it for so long.  What was I saying…?  Oh yeah, that paper. After some very careful investigative reporting and fact […]

Continue reading...

If Oscar Suffered as I with the NYT

oscar-wilde-poet

Okay, I know it sounds like I pick on the NYT.  Well, alright so it does not just sound like I am picking on them, I am picking on them. The greatest smart ass in history (Oscar Wilde) once said “Most people are other people.  Their thoughts are someone else’s opinions, their lives a mimicry, […]

Continue reading...

If Only Lombardi Were in Charge of the Mortgage Crisis

statue-of-great-football-coach

I love Vince Lombardi quotes. One of my favorites is: “There are three kinds of people, those who make things happen, those who watch things happen and then there are those poor individuals who stand around and wonder what happened”. Whenever I read the NYT, I am reminded that the writers and editors of the […]

Continue reading...

November 20, 2011

0 Comments


Miscellaneous

More Awesome Advice from NYT

man-wearing-a-clowns-nose

Well, I must apologize.  I am sorry that I said the NYT Real Estate section was the dumbest newspaper feature I had ever consistently read. I shall correct myself and state for the record that the NYT Home & Garden section is just as dumbly written as the Real Estate section.  So there you have […]

Continue reading...

November 19, 2011

0 Comments


Miscellaneous

I Almost Laughed When I Read This

oil-barrels

If I wasn’t so offended by the stupidity of the article, I would have laughed.  Honestly. Have you ever been  at a party or a gathering of some kind where somebody offers well meaning solutions that are so stupid you realize that you are in the presence of a person who is completely out of […]

Continue reading...

November 19, 2011

0 Comments


Miscellaneous, Mortgages

Framing the Argument of a Renter’s Nation

buy-or-rent

I often wonder about financial planners.  I have met many and very few can tell me anything about fundamental analysis or technical analysis. I have never met a single one (I am not saying there isn’t one) who can explain the importance of discounted cash flow analysis and how to determine the proper discount for […]

Continue reading...