Foreclosure Backlog Hits 30 Months….Average Delinquency Period 537 Days

| March 29, 2011

Robert Shiller today said that inflation adjusted economic statistics are clearly in the double dip.  U.S. single family home prices fell for the seventh month in a row in January, according to the S&P/Case-Shiller index of prices.   In four cities, prices were at their lowest for 11 years, with the overall index down 0.2% between December […]

Bank Foreclosure Kindergarden Class 101

| October 15, 2010

The banks are (bigger) petrified dinosaur brains then even we gave them credit for!  Morons to the tenth power!    This covers some new stuff, so its worth the read.  Key Points: when a homebuyer signs a mortgage, the key document is the note. As said before, it’s the actual IOU. In order for the mortgage note to […]

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