Archive for the ‘Real Estate Agent’ tag
Is Any Company Safe from Subprime Related Lawsuits?
…He cites as examples appraisers, “fee hungry” mortgage brokers, and
real estate agents who participated in putting home buyers into subprime
mortgages they could not afford.
There may also be, as Lenckus
puts it, an unknown number of “widget manufacturers”
which bought various mortgage- backed financial instruments as
investments that must now be devalued. This will impact the company’s
bottom line and provide an impetus for shareholder suits.
Even
companies that did not invest in subprime instruments
may be vulnerable…
Just One Little House, but a Good Indicator of Foreclosed Properties Nationwide
We conducted an unscientific, teeny little survey of foreclosed houses
last week precisely one house but given the figures we quoted earlier
this week about the toll foreclosed homes are taking on cities,
neighborhoods, and individual neighbors we are willing to bet that what
we saw in Darien, Georgia can be extrapolated to portray hundreds of
thousands of foreclosed homes nationwide.
And what we see is how the policies of lenders and
their real estate agents are making the foreclosure situation worse than
it needs to be.