Real Estate
Food For Thought (quick)
Apparently amidst the subprime mortgage juggling, some banks have lost a couple of trillion bucks worth of paper. Not hte write-down on the balance sheet, mind you, but actually lost the loan documentation. Makes you feel a little better for being late on your taxes, eh? Anyone know of a method for determining if your [...]
The Real Estate Market Is Stablizing. Maybe.
I’ve heard from two different brokers in the last three days that the market is picking up. They’re “busy again”, housing auctions are seeing more demand, and the bank-owned (REO) sales quantities are dropping as a result.
One of my loan broker friends has been working 14-16 hour days six hours a week making deals happen [...]
Landlord Story for your Amusement
(This is a story from long ago… I no longer have a business relationship with this particular fellow. This has been sitting in my cache as a draft for ages.)
So I get a call the other day from a tenant. I’m in Britain on a job, mind you, so his late-afternoon call is actually quite [...]
