I made a brief comment towards the end of this video about strategic defaults. I don't know how many people are strategic-defaulting. But when the servicers insist that you start missing payments to get their attention, then work you over during the...
From HW: One of the many villains in the Financial Crisis Inquiry Commission report out Thursday is Goldman Sachs. According to page 235 of the report, they recognized the delusion in the subprime mortgage market and decided to short it before the crash in 2008....
Had enough of the McMansions? Here's an older beach house on a big lot:
Hat tip to bubbleinfofan who sent this in:
Hat tip to downturn for sending this along, from tampabay.com: When armored vehicles knocked down the house on 28th Avenue S in St. Petersburg on Monday, it climaxed an hours-long gunfight that claimed the lives of two St. Petersburg police officers and the wanted...
More evidence that corporate America is now all about making deals - from Housing Wire: Iowa Attorney General Tom Miller told more than 200 homeowners and consumer advocates in a meeting Tuesday that the investigation into foreclosure practices at major lenders is...
Apparently I need to upgrade:
From HW: Notices of default, the first step in the California foreclosure process, dropped 17.5% in the fourth from the year before, but the decline may not have come from borrowers improving their financial situation, real estate data provider DataQuick said. Lenders...
When The Captain put his amazing corner penthouse in the Trump World Tower up for sale last September, the original listing showed off completely barren rooms. But the listing was recently updated to show a fully furnished urban palace. See the before and after photos...
