Is it Possible to Buy an REO Without Strangling Someone?

I’m wondering that as I have spent a week readying myself for battle with Countrywide on a bank-owned home. The offer is fair and good, but who knows what the bank is thinking? Do they think I’m eager to sign away all my rights? That I didn’t consult with a lawyer? I’m the only client [...]

Oh, Yes, I Think I Should Be Called an Economist

Remember last year, when everyone was all about how this year was going to be better than 2007 and everything would be great by 2009? Well, I was one of the few people that kept saying there was a recession and we’re heading into a Depression. It didn’t win me any friends with my newspaper’s [...]

California’s Foreclosure Woes

  If you read the recent numbers about the Bay Area, you would know that there is no shortage of foreclosures. County/Region 2007Q3 2008Q3 Yr/Yr%   San Francisco 252 353 40.10% Alameda 2,126 3,482 63.80% Contra Costa 3,216 4,103 27.60% Santa Clara 1,655 2,814 70.00% San Mateo 581 797 37.20% Marin 172 258 50.00% Solano [...]

Finding My Dream House — A Bidding War Now?!?

The husband and I found a really nice foreclosure in our beautiful chosen coastal town, priced at only — get this — $469,000. OK, so you already figured, there was a lame-ass bidding war and we offered asking. Turns out the bank wanted more so asked us all to re-submit (which, in case you don’t [...]

OK, We’re Live!

As you can see, I actually had to learn stuff! Like how to redirect wordpress and all that, which actually was surprisingly easy and I felt bad I put it off. Either way, I’m back now and ready to post. I just hope people are reading! As you probably all know, I was previously the [...]

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