May 30 2010

The great American debt purge – Americans more stressed out about debt. Mortgage, credit card, student loan, and auto loan debt up to $13.5 trillion. Average debt per household at over $120,000.

Every man, woman, and child would owe an average of $43,000 if we divided up mortgage, credit card, student, and auto debt in the United States.  Of course, this is based on the current population of 309 million.  But we know this isn’t exactly accurate since an infant really didn’t charge up a credit card […]

May 11 2010

The ambiguous financial state of housing – 3 issues repeating the housing bubble mistakes; Real estate psychology, down payments required, and bring back lending responsibility to immediate areas.

The overwhelming evidence of what went wrong to create the housing bubble is irrefutable.  It is clear that allowing buyers to purchase a home with little to no documentation was a bad idea.  So why continue doing this today?  It was abundantly obvious that zero down or low down mortgages was a recipe for disaster.  […]

Mar 20 2010

3 Underground Real Estate Practices Moving the Market – Short Sale Fraud, Squatter Stimulus, and Buying Before Foreclosing.

In the early days of the housing bubble here in California and other bubble states a handful of people were raising alarm bells that mortgage fraud was occurring at unprecedented levels.  The housing industry initially came out skeptically stating this was only a handful of wayward people. As it turns out, it was the vast […]

Aug 20 2009

Home Equity Loans: $674 Billion in Total Loans. When The Household ATM Goes Out of Order. First, Second, Third, Fourth, and Even Fifth Mortgages.

Home equity was once seen as a cushion for a rainy day.  People built up home equity as a means of paying off their home loan and saw it as a source of security.  The days of the mortgage burning parties were all but lost in this housing bubble.  The roots of the housing bubble […]

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