Foreclosures

The Biggest Foreclosure In History

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.

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…

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…