Billions

Mortgage buybacks may cost banks billions click

Trillions???? are Zillions next?click

Bank of America back foreclosing:click

Where will it end?click

foreclosure folly

local lawyer in the crosshairs:click

Bank blunders:click

Key word, "worst recession since the 1930's"click

American death spiral:clickwarning crass language.

buyer beware...

thinking about picking up a steal in a foreclosure?? what's to preventing this happening to you...click members of the million dollar bank donation club. how would like to be the investor who purchased and rehabbed ?

Here's a more local million dollar donation club member.

click after the lender bought it back for 323k since no one else apparently would. parts and pieces reportedly still are turning up missing. last week it was reported an electric gate. the former owners purchased for 200k and managed to leverage over 1 million in "donations" from banks.

Chinese drywall:

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From bad to worse:click

Foreclosure fun

this foreclosure mess is a whole lot bigger than anyone wants to talk about in my opinion. First there are the buyers who cant buy: click then there are the lost commissions to the used house salesmen, and oh yeah what about the non performing asset on a banks books?

could this indeed bring down the banks? could the overload of inventory when it finally... reaches the market, over stress the court system and put prices in a death spiral?? good questions.

then there are the title issues. click

we read about some guy that bought a house in Dade I believe that was a short sale only, paid cash and the bank still proceeded to foreclose because of faulty paper work. He ended up with expensive legal bills and still no house. be careful out there. we wouldnt be surprise if this happens again due to faux paperwork.

Foreclosure law firm in question: click

Foreclosure mess could unhinge market... gee ya think ? click

old news still relevant: foreclosures could ruin florida:click

free rent, free house

This foreclosure faux paus could indeed ruin Florida, what's interesting on this page, the mortgage had not been paid in two years and the owner want's to leave on her own terms... say what ?... I am missing something here. click

South Florida bankruptcies up over 49%.. psssst... over here. You aren't going to get a free house, you will stall the proceeding and buy time. click

Or how about one in 5 homeowners will default, death spiral of home prices?click

Foreclosure folly

can you imagine, the amount of foreclosures, the system being halted coupled with recasts in Aug of this year which will ultimately become more foreclosures beginning around December???click

this message says it all... “It is my opinion that this may be a lull before the next storm,” said McCabe, who is widely quoted in the national financial press as an expert on South Florida's real estate market.

then there's the inventory problem,
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Mad max mentioned all the time plunger alert. lower than cost to build 9 years ago.
previously sold for 710 now 3 something? gee I want to step right up, as "this is a great time to buy, prices will never be lower".....

Foreclosures folly could ruin Florida

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