Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Vosilla who wrote (215763)	8/14/2009 6:09:10 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

>>People are much nicer and down to earth in New Orleans<< LOL, maybe 40 years ago! I was mainly referring to the proximity of very rich and very poor neighborhoods, like the Vieux Carre and the Iberville Housing project, a few blocks apart. Or the Garden District and the Magnolia Housing project, or countless other examples. Here's a bit of levity published in the NolaLive website regardings crime and the Big Easy. BTW I predict the Saints will go 11-5 this year and win the NFC South: nola.com The coach had put together the perfect team for the New Orleans Saints. The only thing that was missing was a good quarterback. He had scouted all the colleges and even the Canadian and European Leagues, but he couldn't find a ringer who could ensure a Super Bowl win. Then one night while watching CNN he saw a war-zone scene in Afghanistan . In one corner of the background, he spotted a young Afghan Muslim soldier with a truly incredible arm. He threw a hand-grenade straight into a 15th story window 100 yards away. KABOOM! He threw another hand-grenade 75 yards away, right into a chimney. KA-BLOOEY! Then he threw another at a passing car going 90 mph. BULLS-EYE! "I've got to get this guy!" Coach said to himself. "He has the perfect arm!" So, he brings him to the States and teaches him the great game of football. And the Saints go on to win the Super Bowl. The young Afghan is hailed as the great hero of football, and when the coach asks him what he wants, all the young man wants is to call his mother. "Mom," he says into the phone, "I just won the Super Bowl!" "I don't want to talk to you, the old Muslim woman says.” You are not my son!" "I don't think you understand, Mother," the young man pleads. "I've won the greatest sporting event in the world. I'm here among thousands of my adoring fans." "No! Let me tell you!" his mother retorts. "At this very moment, there are gunshots all around us. The neighborhood is a pile of rubble.. Your two brothers were beaten within an inch of their lives last week, and I have to keep your sister in the house so she doesn't get raped!" The old lady pauses, and then tearfully says, "I will never forgive you for making us move to New Orleans …

To: John Vosilla who wrote (215763)	8/14/2009 10:21:21 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

John Here's real life example of how the loan mods are working. My friend bought a 2b condo for 289k a few years back and remodeled it. The market collapsed, his loan reset, he worked for a solid year trying to do a loan mod with indymac then whoever took over their loan when they went under. He was paying $2,800/mo and renting the unit for $800 and never missed a payment in 3 years. Finally, they gave him an offer... reduce his payment $200/mo and raise his balance up 12k. He owed $280,000 and the last sale in there was 125k He walked 5 months ago. The condo came on the market today at 145. These bankers are some smart cookies...