Mortgage foreclosures keep on, keepin’ on. Post 162


January Foreclosure Activity Continues To Be Depressed Due To Robofraud, Judicial State REOs Plunge RealtyTrac by Tyler Durden 02/10/2011 “Unfortunately this is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure […] . . .

Read More: Mortgage foreclosures keep on, keepin’ on. Post 162

Uncle Sam (you & me) may need to bail out the banks – again! Post 158


Massachusetts Foreclosure Case Likely to Set the Tone Against Banks’ Foreclosure Decisions The Bryan Ellis Real Estate Letter January 7th 2011 …the Massachusetts Supreme Judicial Court upheld a lower court’s decision that two foreclosures were invalid because the banks did not adequately prove that they owned the mortgages in question…The decision likely will set the […] . . .

Read More: Uncle Sam (you & me) may need to bail out the banks – again! Post 158

Some towns NOT doing tax foreclosures. Post 139


Michael Rady worked at the docks for 15 years to pay off the mortgage on his Cleveland home. But when Mr. Rady was injured and could no longer do physical labor, he couldn’t find a job and had to live off savings and credit cards. Soon, he owed Cuyahoga County close to $8,000 in property […] . . .

Read More: Some towns NOT doing tax foreclosures. Post 139

Government goes after mortgage foreclosure loan modifiers. Post 131


Bloomberg.com June 9 (Bloomberg) New York Attorney General Andrew Cuomo subpoenaed 14 loan-modification companies and plans to sue another one as part of a probe of the “foreclosure rescue” industry. Loan modification companies, which get lenders to change the terms of mortgages to help avoid foreclosure, are capitalizing on the housing crisis and preying on […] . . .

Read More: Government goes after mortgage foreclosure loan modifiers. Post 131

Commercial Paper may be the next shoe to drop. Post 125


Coach Mitch’s REFLECTIONS™   I will let this email speak for itself. I did not edit the email. Commercial Paper time bomb Subject: The One Trillion Commercial Real Estate Time Bomb From: cfo-newsletter@emailblitz.com Date: Mon, May 4, 2009 8:37 am To: ————————- The One Trillion Commercial Real Estate Time Bomb data provided by Deutsche Bank […] . . .

Read More: Commercial Paper may be the next shoe to drop. Post 125

Consider selling – NOW! Post 124


Coach Mitch’s REFLECTIONS™   The Recession Is Over!! This is the headline coming from the talking heads at CNN, etc. A significant percentage of the nation’s media is very determined to do what it can to bolster President Obama’s agenda. To this end, they trumpet any small piece of good news. If there are several […] . . .

Read More: Consider selling – NOW! Post 124

The “housing bubble” is starting to burst in Florida. Post 36


Coach Mitch’s REFLECTIONS™ South Florida Business Journal – Monday, July 30, 2007 Great Florida Bank said its profit fell 98% in the second quarter due to an accounting change, and reported a large increase in non-performing loans. Coral Gables-based Great Florida (OTCBB: GFLBA) earned $65,000 for the recent quarter, compared with $3.9 million for 2006’s […] . . .

Read More: The “housing bubble” is starting to burst in Florida. Post 36

10 Ways Coach Mitch’s Tax Delinquent Real Estate “Ridiculousley Simple System…” is better than foreclosure investing! Post 16


Coach Mitch’s REFLECTIONS™ The “Foreclosure Bomb” is upon us. Foreclosures are up 40% over last years record breaking number and that is just the 1st quarter. The “Foreclosure Gurus” are shouting “Now is the time to get into real estate investing and investing in foreclosures is good.” Coach Mitch says – “Be Warned and Be […] . . .

Read More: 10 Ways Coach Mitch’s Tax Delinquent Real Estate “Ridiculousley Simple System…” is better than foreclosure investing! Post 16