The $5.4 billion purchase of New York City’s last affordable neighborhood just went bust. An amazing story that is a metaphor for the real estate boom and bust cycle writ large.
Foreclosures
Why Santa's Job Will Be Easy This Year
Why Santa’s Job Will Be Easy This Year
The Funniest Show on TV is Now Tackling Financial Topics
Yes, I watch Curb Your Enthusiasm, Family Guy, The Office and 30 Rock, and yes, they’re all funny. But they don’t make me laugh out loud or force me to pause and rewind the way It’s Always Sunny in Philadelphia does. Sunny is the funniest show on tv, end of story. It airs on the…
We Interrupt This Rally To Bring You The Following Foreclosure Stats…
Is this thing on? Check one two. Hello everybody. Quite the party we’re having here on Wall Street. My friends will tell you that I’m the polar opposite of someone who wants to bring any party to a crashing halt. Especially one as mind-blowing as this (did I see the dollar AND stocks up on…
10 Uses For Foreclosed Houses
As has been widely reported last week, a VP at Wells Fargo was just fired for hanging out at a $12 million Malibu mansion the bank had foreclosed on. My reaction was something along the lines of “Hey, what the hell?” With around 3 million foreclosed homes in the US, we should all be brainstorming…
Dear Deadbeat States, Please Pay Your Mortgages
I don’t like to point fingers or anything, but it seems that in July 2009, only 7 of our 50 states were responsible for 67% of the nation’s property foreclosure filings. That’s right, two thirds of the foreclosures are in…well, I’ll let you name the states. That’s right. California, Florida, Texas, Arizona, Nevada, Georgia and…
A Foreclosure Play in the Stock Market (LPS)
The following is not research or a stock recommendation and should be used for strictly informational purposes. The opinions contained herein are the author’s only and should not be construed as an official recommendation from any party. Here’s an interesting story…so this company Lender Processing Services (LPS) probably could’ve been considered one of the most…
