For those of you who missed the real estate bubble or just got priced out for whatever reason, you may want to think about buying a REO property. REO stands for "real estate owned" as in owned by the bank that loaned a debtor money to purchase the house. When the borrow stopped paying, the bank repossessed the house, and now it is listed with a regular real estate agent. The lucky break for the new buyer is this: Banks are not in the business of owning real estate, and further they need that cash to satisfy reserve requirements! Check out these links:
citimortgage
countrywide bank
bank of america
To give an example, I recently helped a friend find a REO prop owned by a local Maryland bank. She got a contract on the house for no joke 100K less than a comparable house in the same neighborhood. I am now wishing that I bought the place myself, and am sort of hoping her contract falls through!
Monday, June 23, 2008
Sunday, June 1, 2008
Is Hillary Sabotaging the Election
So here is how I understand the current state of the Democrat's nomination process: Barack Obama has finished the show, there is no way possible (mathematically) for Hillary to take home the prize. So why is she still running? That seems the be the question everyone is trying to answer.
The popular opinion is what Hillary's camp is saying, which is "Hillary is the better candidate, more likely to defeat McCain in the General Election, and that the super delegates can still hand her the nomination." But what everyone knows is they won't.
So why is she still running? Here's another scenario: Hillary runs the democratic party into a divide (she is already doing it), Obama of course still gets the nomination, but the party is so split and its member so disillusioned, McCain pulls out a victory. Four more years of Bush policy, and Obama is a failure. So what does Hillary's camp do?
They keep campaigning, for four more years, Hillary get the nomination in 2012, and since we have had twelve years of Republicans, Hillary sails to an easy will in the general election!
I hope I'm wrong.
The popular opinion is what Hillary's camp is saying, which is "Hillary is the better candidate, more likely to defeat McCain in the General Election, and that the super delegates can still hand her the nomination." But what everyone knows is they won't.
So why is she still running? Here's another scenario: Hillary runs the democratic party into a divide (she is already doing it), Obama of course still gets the nomination, but the party is so split and its member so disillusioned, McCain pulls out a victory. Four more years of Bush policy, and Obama is a failure. So what does Hillary's camp do?
They keep campaigning, for four more years, Hillary get the nomination in 2012, and since we have had twelve years of Republicans, Hillary sails to an easy will in the general election!
I hope I'm wrong.
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