Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he was just captured in Spain and brought back to California to face charges of a $100 million mortgage fraud ring. In yet another example of what seems to make the ...
This morning we had our final revision to the 2nd quarter’s GDP number. Folks always wonder, “Why can’t the statisticians get it right the first time instead of always revising an economic report?” Many of the government’s statistics are revised in the months that follow. Errors in the original number arise from the sampling errors ...
Overview of 2006 to 2009 The years between 2006 to 2009 have been an event ride. We have seen property prices run up from around 2006 onwards to 2007, follow up by the blow-up in 2007 of sub-prime housing debt. In 2008, we see the collapse of near collapse of financial institutions of substantial sizes ...
By Dan North So your mortgage is upside down and you are under financial stress. If you could only hold on until property values come back up. Possibly it is under control for the moment but there is an adjustment in the near future or a balloon payment coming due or a time is coming ...
If you’re looking to save your home, then you need to understand how to stop home foreclosure. You can take control of your home by assessing your situation, seek refinancing, and gaining legal advice. Don’t sit back and lose your home when you can prevent foreclosure today. Our current economic situation has lead lenders knocking ...