This is a big story that needs to get out there. It's all starting to add up and make some sense. Unfortunately, it's the same old story. Taxpayers are getting screwed and the well connected like George Soros and making billions.Is The FDIC Killing Short Sales? As some of you already know, I bl...

09/29/2009

Short Sale Strategies- Getting The Facts Straight - Case In Point

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Can someone with good credit and good assets actually get a lender to do a short sale for them? Katerina Gasset gives real life examples of situtations where banks are accepting short sales for people who's "hardship" might not be exactly what one would define as a hardship. The bottom line is, ...

09/28/2009

Short Sale Commissions. Know What the Bank Will Pay Upfront.

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Cutting commissions on a short sale has been a hot topic over the past few days. My thinking about commissions associated with short sales is that the listing commission should be negotiated up front with seller, listing agent and also seller's mortgage lender who is going to be asked to take a ...

09/27/2009

Social Security Ponzi Scheme Starting to Collapse. Deficits to Start Next Year.

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Social Security wasn't supposed to start paying out more than it took in until 2016 according to the 2009 OASDI Trustees Report. Surprise, Surprise. Due to the unexpected rise in unemployment and early retirements, that dreaded day is here right now. Big job losses and a spike in early retireme...

09/27/2009

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09/27/2009

Even Matthew Lesko Sees Where All of the Free Government Money is Leading. Really Ironic.

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This is too funny, Matthew Lesko doing a satire on his own commercials. If you haven't seen Matthew Lesko, he sells books on how to take advantage of all kinds of government programs. The second video is actually one of his ads. I find it so funny and ironic that he did the first video. I gues...

09/27/2009

If the Economy is Turning, Why Are Ships Sitting Idle at the Peak of the Christmas Shipping Season?

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I've seen many economists say that the recession has ended and the economy has started to turn. Last week I showed how state sales tax receipts in July and August are down about 10%. At this time of year, most of the products that are going to be sold during the Christmas season need to be on a b...

09/26/2009

Bailouts Are Mob Rule, not Rule by Law

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Do we live by mob rule or the rule of law? The more I think about it, the more I see it as mob rule. Better yet, mobster rule. I don't believe in any kind of bailouts. I'm a simple guy. I believe in living by the law and having the government enforce the law. The law should protect people f...

09/23/2009

Losses Don't Just Disappear. Eventually Their Loss Is Your Tax Bill.

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Money magazine just had the stories of 4 people who were "victims" of the housing bubble. These people all have made it through a tough journey and you kind of feel happy for them that they are out of their dire circumstances. A series of personal choices and a few unforeseen circumstances wreck...

09/23/2009