Posts Tagged “Bet”
Posted by: in Home Mortgage Online, tags: Bet, Excerpt, Florida Loans, Mortgage Defaults, Mortgage Florida, Random, Real Estate Market, S Real Estate, St Petersburg, Value Loans
Random Feed wrote an interesting post today on
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Aug. 22–ST. PETERSBURG — Five years ago, Florida’s real estate market was a rollicking beachfront casino where you couldn’t make a bad bet.
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Posted by: in Home Mortgage Online, tags: 1 Million, Becky, Bet, Bowers, Case In Point, Excerpt, Failure, Florida Case, Florida Loans, High Rollers, Home Loans, Mortgage Defaults, Mortgage Florida, Real Estate Market, S Real Estate, St Petersburg, Technorati, Times Staff Writer, Value Loans, Webmaster
webmaster@technorati.com wrote an interesting post today on
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By Becky Bowers, Times Staff Writer Friday, August 20, 2010 ST. PETERSBURG Five years ago, Florida’s real estate market was a rollicking beachfront casino where you couldn’t make a bad bet. The reckoning hit high-rollers harder than anyone. Now home loans over $1 million are failing at a higher rate than the rest, and nowhere is that failure as severe as in Florida. Case in point: A squat …
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Random Feed wrote an interesting post today on
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Construction stopped at the Little Palm Key subdivision when the Myrtle Beach area real estate market imploded, but the empty lots and streets to nowhere illustrate the troubles now facing Plantation Federal Bank.
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Posted by: in Home Mortgage Online, tags: Bet, Excerpt, Financial Distress, Financial Turmoil, First Signs, Harlem, Life In The 1940s, Lost, Manhattans, Metropolitan Life, Middle Class Families, New York Timess, Peter Cooper, Real Estate Boom, Rent, Speculators, Stuyvesant Town And Peter Cooper Village, Webmaster
webmaster@technorati.com wrote an interesting post today on
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The first signs of financial turmoil came at Riverton Houses in Harlem. Then came Stuyvesant Town and Peter Cooper Village on Manhattans East Side. Now a third complex built by Metropolitan Life in the 1940s for veterans and middle-class families has run into financial distress after being purchased by speculators during the recent real estate boom, The New York Timess Charles V. Bagli …
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Posted by: in Home Mortgage Online, tags: 21 Months, Bailout, Banks, Bet, Case Study, Collapse, Distress Properties, Excerpt, Footing, Foreclosures, Fudge, Losses, Mls, Public Viewing, Random, Recession, Trillions, Wall Street
Random Feed wrote an interesting post today on
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The pent up inventory is getting ready to unleash in 2010. The gigantic bet made by the bankers and Wall Street was that somehow by allowing banks to fudge numbers since the crisis started that housing would find its footing and the market would stabilize. Sweep the collapse under the bailout rug. This perceived grounding was then going to allow banks to unload these properties and avoid realizing institutional ending losses. Yet 21 months into this painful recession and trillions handed o
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