San Diego sues Bank of America
They want to make the city a “foreclosure sanctuary” and stop banks from foreclosing. If successful, the lawsuit should provide all manner of chaos, merriment, counter lawsuits, and unintended results.
"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
They want to make the city a “foreclosure sanctuary” and stop banks from foreclosing. If successful, the lawsuit should provide all manner of chaos, merriment, counter lawsuits, and unintended results.
Our federal government rode to the rescue recently to protect us from those nasty short sellers who were driving prices down. So far, so noble, right? Except the government banned a specific type of short selling called naked shorting, which…
So they’re lowering the price to $5,000. It sold for $110,000 in 2005. This is in Flint, Michigan, where the foreclosure rate has soared. Speculators and long-term investors don’t want a three bedroom house for $6,900? Yikes.
It looks like Europe will get hit by the ongoing recession and deflation worse than the US. China could get whacked by a double blow of 1) a global recession clobbering their overheated economy and 2) the impact of their…
Foreclosure: It’s not just for subprime low and middle income folks anymore. High end prices are falling in Manhattan, the SF Bay area, and many other places as well. Two weeks ago Barron’s had a full page ad for a…