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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (122184)	5/11/2008 12:14:37 PM
From: John Vosilla	Respond to of 306849

Well then you will lend me a ton of money at 5% fixed as I go buy a ton of distressed property this next cycle? I'll buy them 30-40% below crash prices and you loan at 80% LTV at that point giving you 'deflationists' enough cushion so you can't lose.. That is what this conversation really comes down to in the end<g>

To: SouthFloridaGuy who wrote (122184)	5/12/2008 8:15:44 PM
From: Jim McMannis	Respond to of 306849

TROUBLE IN LI PARADISE FORECLOSURES LOOMING FOR THE HAMPTONS' POSHEST PADS nypost.com Socialite Janice Becker is facing foreclosure on her $5 million property on Wyandanch Lane in Southampton. May 12, 2008 -- Homeowners in the some of the toniest ZIP codes in the Hamptons are facing a frightening reality - they can't afford to foot the bill for their high-priced homes, The Post has learned. In the first three months of this year, banks have launched preliminary foreclosure actions - known as lis pendens proceedings - against a record 120 borrowers in East Hampton and Southampton towns. Twenty percent of those borrowers live in homes that are worth more than $1 million, according to figures from the Suffolk County clerk

To: SouthFloridaGuy who wrote (122184)	5/21/2008 11:22:36 AM
From: Jim McMannis	Respond to of 306849

Eleven indicted in "straw buyer" mortgage scheme news.yahoo.com NEW YORK (Reuters) - Eleven people accused of participating in a $14 million mortgage fraud scheme were indicted in Federal court in Brooklyn on Wednesday, the U.S. attorney's office said. The defendants, who include mortgage brokers, attorneys and a realtor, were accused of recruiting "straw buyers" with good credit ratings to secure fraudulent mortgages on run-down residential properties in the New York City boroughs of Queens, Brooklyn and the Bronx, prosecutors said in a statement.