All Forum Posts by: Lee Common

Michael,

Your just down the street from me here in SA. What is your niche?

Best, Lee

P Nw,

I think the idea is if we keep buying their crap they will continue to give us loans!

Richard,

I think it might be a record!

Richard,

LOL,

I'm sending my donation Now!

Jon,

You got me there! Good point!

Still I see it as a ponzi scheme without the lie of returns on intestment.

I am 31 and have no dillusions of seeing any of the money I've put into it!

So it is a lie, not of false returns but of returns at all!

Not that I am agaist putting money in to help our senior citizens.

I simply don't believe it is properly set up!

John Andre,

So we are in agreement then. "It's only legal cuz unkle sam is doing it!"

Jeremy Turner

A large contributing factor to the inflation of RE values was due to appraisers assessing values at whatever price would work for the loan.

(which usually ment inflated values in order to show false equity in the home at the time of purchase or upping the value so the buyer could pull money out or so the seller could get what he wanted and still pay concessions!)

Mortgage brokers for lenders who sell them to banks who sell them to investors repackaged as AAA rated securities!

Niether the broker originating the loan the lender or the banks thought they were risking anything they were passing the risk to investors with the rating agencies stamp of approval!

Besides the bank thought so what if we take the homes back then we have the property and as we all know RE never loses value.

Jeff,

Thanks I'll check it out.

Best,

Jeff,

LOL

Back around 10-9-08 1st National Bank of AZ. told me the same thing!

Next time I called the AM told me to start checking with the FDIC!

I wonder what the percentage of failed institutions compaired to 1932 would look like?

What it would have looked like withoput the bailout?

LMAO!

Ane't that the truth let's see, at about nine min. of total air time for parts 1 & 2 what's that come out to?