Comments on: Record Foreclosures Sweep CA in July – Breaking News

By: Chris Plante

Chris Plante — Sat, 30 Aug 2008 22:23:18 +0000

I figured the priced would hit the fan in SoCal so I sold our house in September of 2004. I got top dollar for it. My mistake was staying in the mortgage business. Should have been selling houses instead. I’m out now in a totally different business, and selling foreclosures to cash buyers on the side.

The one rule in buying and selling assets that I live by: When the grocery bag boy is talking to the checker about buying (gold, houses, insert whatever here) while you are standing in line, then it is time to start selling.

By: Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: Breaking July CA Foreclosure Report - Foreclosures Unexpectedly Surge

Tue, 12 Aug 2008 19:14:55 +0000

[...] Record Foreclosures Sweep CA in July – Breaking News [...]

By: EternalOptimist

EternalOptimist — Tue, 12 Aug 2008 06:35:42 +0000

War is Peace.
Black is White.
Hate is Love.
Big Brother Loves You.

By: viv

viv — Tue, 12 Aug 2008 06:04:17 +0000

1 million barrel of oil supply is basically offline now due to the conflict in the causcuses. The russians are now on their way to invade the capital of Georgia.

JP Morgan reports a 1.5 billion dollar write-down

Home prices have fallen 10% plus in the UK so far this year.

Downey and vineyard national are in trouble.

yippeeee, this means time for a market rally! 300 point rise and gold falls to 750 and oil falls too 100! what a merry day

By: Mr. Mortgage’s Guide to the TRUTH! » One-Third of US Homeowners Underwater…Best Case

Tue, 12 Aug 2008 05:55:09 +0000

[...] Mortgage: June Home Sales Report & Preview for This Week’s ‘Official’ ReportsMr. Mortgage’s Guide to the TRUTH! » Record Foreclosures Sweep CA in July – Breaking New… on Dr Martin Weiss Confirms Views on WaMu and Wachoviafeng on Record Foreclosures Sweep CA in July [...]

By: feng

feng — Tue, 12 Aug 2008 02:53:27 +0000

where is Mr. Mortgage? Must be busy refinancing?

By: Stu

Stu — Tue, 12 Aug 2008 00:38:51 +0000

P.S.

I was thinking something yesterday and I thought I would share…

Why shouldn’t the mail be delivered only Moday – Friday door to door and delivered on Saturday to your box if you have one. Otherwise you wait until Monday. How much gas would that save? How much would we save in cities and towns on vehicles and vehicle maintinence etc. We would save a fortune as a country for a day of convienence…

What say YOU?

I say let’s start tomorrow and the only thing that I ask is that ALL OF THE SAVINGS be put into purchasing new energy conserving vehicles over time so we keep the momentum of savings and environmental issues close at hand as the ultimate goal here!!!

Just my thought…

By: Stu

Stu — Tue, 12 Aug 2008 00:25:47 +0000

A little run on the bank over at Downey???

By: Stu

Stu — Tue, 12 Aug 2008 00:24:52 +0000

od, your gold will continue to fall unfortunately… it is no longer pegged to anything so it acts like a typical commodity (see oil). Once demand wanes as it has it goes back to whence it came…

The recent goal, or should I say attempt, is to prop up the US dollar. Now on the surface it makes sense, but we all know where that leads us. Of what intrinsic value does a stronger dollar hold for the EU? Japan? UK? None I can personally think off. China perhaps…

Well a recent 10 billion EU infusion of cash was bestowed upon us. Why? We are in a hugely deflationary period that far outstrips any inflation we have lurking about, and now a false prop up of our currency to do what? Stem the tide? Hold of the inevitable? Stave of a more pronounced collapse?

There is nothing anyone or any country can do at this point to stop the bloodshed in diminished wealth for our country going on right now. NOTHING! Well short of them actually giving us money (which this 10 B was… a gift) for free. We must take the estimated by some amount of TWO TRILLION dollars in write downs and watch 100’s of lenders collapse in order to be done with this and start a new. That or watch many others go down with us while trying to foolishly save us… no options are good, but neither was our attitude over the last 7 years!!!

By: Gavshire Hathaway

Gavshire Hathaway — Tue, 12 Aug 2008 00:19:34 +0000

Not looking so good for Downey. I’m surprised Mr. M didn’t report it before anyone else.

http://www.marketwatch.com/news/story/downey-says-regulators-limit-some/story.aspx?guid=%7BE42720CE%2DB4FB%2D48E5%2D8959%2D9CE189BFFC2C%7D