"Announcing programs without providing the rules for how borrowers and lenders should proceed, “creates immediate demand with insufficient lead time for operational readiness,” Allen Jones, a default-management policy executive at Bank of America, said in prepared testimony to be delivered before the Senate Banking Committee in Washington today."
I was briefly a member of RealtyTrac. I found their information to be unreliable at best. I was tracking a few very specific neighborhoods, and they didn't even have the MLS listings accurate. Come to think of it, they never processed my refund after I was overbilled...
We are borrowing the stimulus money. More stimulus is equivalent to throwing gasoline on the fire. We can't possible pay the debt back... legitimately. The government will use inflation to cheapen the debt. Unfortunately, this will hurt the poor, the working class, and the elderly on fixed income. Reckless government spending is not an American value.
Foreclosures are overrated.
Is RealtyTRAC affiliated with NAR?
From Bloomie:
Bank of America Says Obama Mortgage Rescues Create ‘Confusion’
"Announcing programs without providing the rules for how borrowers and lenders should proceed, “creates immediate demand with insufficient lead time for operational readiness,” Allen Jones, a default-management policy executive at Bank of America, said in prepared testimony to be delivered before the Senate Banking Committee in Washington today."
Hoocoodanode?
Anything with the root word "Real" (as in Realtors) is a lie.
" JimPortlandOR (profile) wrote on Thu, 7/16/2009 - 9:14 am
Anything with the root word "Real" (as in Realtors) is a lie."
From:
realty 1670, "real estate," from earlier meaning (1544) "real possession."
I guess it's become a victim of the "Ministry of Truth"
This is bullish for auctioneers.
Nokia with a BIG swing and a miss. No worries though. It (and all the foreclosures) are priced in.
I was briefly a member of RealtyTrac. I found their information to be unreliable at best. I was tracking a few very specific neighborhoods, and they didn't even have the MLS listings accurate. Come to think of it, they never processed my refund after I was overbilled...
We are borrowing the stimulus money. More stimulus is equivalent to throwing gasoline on the fire. We can't possible pay the debt back... legitimately. The government will use inflation to cheapen the debt. Unfortunately, this will hurt the poor, the working class, and the elderly on fixed income. Reckless government spending is not an American value.
hat tip to: Interesting Finance & Economic articles
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