Due diligence – do it or be sorry you didn’t. Post 164


Coach Mitch’s REFLECTIONS Haste Makes Waste I am increasingly worried about the lack of due diligence amongst wanna-be real estate investors. One of the more misinterpreted guru sayings is, “You can’t steal a deal if you’re moving in slow motion.” Well sometimes if you move too fast, it is you who is bamboozled. The voice […] . . .

Read More: Due diligence – do it or be sorry you didn’t. Post 164

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

Government – How do I love thee? Let me count the ways. Post 154


Trenton tax lien sale is illegal, says group The Trentonian June 28, 2010 By Andria Carter TRENTON – Some homeowners and business owners believe that Trenton’s Tax Department is illegally implementing an accelerated tax lien sale. A group of taxpayers challenged the decision and had their properties removed from the upcoming tax lien sale. However, […] . . .

Read More: Government – How do I love thee? Let me count the ways. Post 154

City pays off its own tax lien. Post 151


Jacksonville taxpayers foot the bill for $86,000 investor profit on Shipyards tax lien Florida Times Union Matt Galnor May 18, 2010 “We just can’t seem to get out of our own way on that project.” Richard Clark, City Council president When the developers of the twice-failed Shipyards project didn’t pay their 2008 property taxes, two […] . . .

Read More: City pays off its own tax lien. Post 151

A new tax collection method. Post 145


Wyandotte County seeks new tool to collect taxes The Kansas City Star 2/15/10 With about 10 percent of Wyandotte County properties in arrears, the government is lacking much-needed funds in a budget-cutting economy. But leaders are proposing a new tax-collection plan. This month, county officials asked the state to permit a plan allowing private vendors […] . . .

Read More: A new tax collection method. Post 145

The 912 Movement’s Principles. Post 144


  912 = 9 Principles, 12 Values The 9 Principles 1. America Is Good. 2. I believe in God and He is the Center of my Life. God “The propitious smiles of Heaven can never be expected on a nation that disregards the eternal rules of order and right which Heaven itself has ordained.” from […] . . .

Read More: The 912 Movement’s Principles. Post 144

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

A political candidate asked for my ideas. Post 138


Coach Mitch’s REFLECTIONS™ You may recall that I am involved in local politics. I ran for County Legislature in 2007. A local town board candidate stopped by last night and asked for some input. The ideas expressed are my own and might be implemented at the local, town level. Fred, It was nice speaking to […] . . .

Read More: A political candidate asked for my ideas. Post 138

“Buyer Beware” is the rule at tax auctions. Post 136


Auction of foreclosure properties draws 200 The Wichita Eagle Kansas, MO …at the Sheriff’s tax foreclosure sale at the Sedgwick County Extension Education Center. The Sheriff’s office auctioned 75 properties . • Gallery: Sedgwick County’s tax foreclosure auction • To the 200 people who showed up Monday to bid on Sedgwick County property in tax […] . . .

Read More: “Buyer Beware” is the rule at tax auctions. Post 136