Last week, I walked into Chipotle and ordered to-go lunches for me and my wife. After waiting in line, placing my order, waiting in line some more, and finally paying, I left – without my burritos. Before I could make it out the door the guy at the register hollered out SIR, YOUR FOOD! Boy [...]
After the financial meltdown last year lawmakers and regulators were determined to discover who was responsible for the debacle. Yes, the very people who drafted the laws governing mortgages and yes were also responsible for oversight of them went out to determine who was responsible for the melt down. The first culprit, of course, was the lenders. I think we all know how that played out. The next group on the chopping block was the appraisers. If they wouldn’t have appraised the homes then the lenders would not have lent on them, so goes the finger pointing. From that came sordid tales of realtors and mortgage professionals pressuring and even bribing appraisers to up the value of a property.
Joshua Dorkin
The Value of Real Estate Investors to a Community!
by Peter Giardini | September 16, 2011My last article titled A Call To Action, discussed a program the Government is planning to implement that would allow very well funded and connected large businesses the opportunity to purchase bulk REOs owned by various Government organizations –effectively cutting small real estate investors out of the REO market. At the conclusion of that article [...]