On Sat, Jan 31, 2009 at 5:58 PM, rleesimon <[email protected]> wrote:
> it's an obamarama! More of a Bush Up. Failing to have the regulators regulate for eight years is part of the problem. It probably started in Clinton or the older Bush although I have heard people blaming Reagan for all this. > > -----Original Message----- > From: gerald [mailto:[email protected]] > Sent: Saturday, January 31, 2009 4:41 PM > Subject: Re: "HOME" OWNERSHIP > > > tom, i'm not going to dig it up, but the wash post had a large story about > the poor lady in woodbridge who has a house in foreclosure. and is now > owned > by fnm. > > she upped the mortgage and took the cash to get a better house.(the house > was valued around 225-250k). i do not know what she purchased. > > around 30% of the houses in the original group became > distressed(foreclosed). > > rents in the area dropped from $2000 a month to under $1000 a month(called > a > dutch auction), as everybody was playing the sell it and move game. > > she could not afford to pay for her new home, and the house she was specing > with $800 rent, as payments piti were around 2000/mo. > > house was foreclosed by fnm and went into the pile. since we do supply and > demand on stuff like this, house is sitting on market at 130k or something > like that, while offers are at 80k. > > this is a bit of a special circumstance, as this is prince william county > virginia, where the ruling fathers have decided to export all non-wasps, or > at least check them daily to be certain they are qualified as psuedo wasps. > they are a bit uncomfortable attacking afro americans, but all hispanics, > indians, have been abused to the place that they have left. fortunately > for > them, most sold before the crash. > > > > > At 04:10 PM 1/31/2009, you wrote: > >>a very high percentage of the houses being foreclosed are not HOMES. > >>i'm > >>pretty certain that even FNM/FRE allowed up to 4 "home" loans. takes a > >>very divided family to need 4 "homes". this stuff belonged to either > >>speculators, or to innocents that decided to take their money out of > their > > >>original home and buy a bigger one, leaving behind a house/building. > > > >Interesting point. If that is the case why does an income-producing > >property go into foreclosure? Did all of the tennants in these areas get > >whiped out in a cataclysm that the government is keeping secret? > >Something else must have happened to cause this sequence of events. What? > > > > > >*********************************************************************** > >** > >** List info, subscription management, list rules, archives, privacy ** > >** policy, calmness, a member map, and more at http://www.cguys.org/ ** > >************************************************************************* > > > ************************************************************************* > ** List info, subscription management, list rules, archives, privacy ** > ** policy, calmness, a member map, and more at http://www.cguys.org/ ** > ************************************************************************* > > > ************************************************************************* > ** List info, subscription management, list rules, archives, privacy ** > ** policy, calmness, a member map, and more at http://www.cguys.org/ ** > ************************************************************************* > -- John Duncan Yoyo -------------------------------o) ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
