Foreclosures Take A Turn For The Worst!

Just when you think the housing market may be getting better, the real facts emerge. For the past 5yrs all I have seen in the news are the so-called guru's making predictions that for the most part are really just made up stories that have no real factual basis. Buy Now! are words that, when heard, should make you run for the exit. Don't get me wrong!! The American Dream is still alive and well! Which is why - If you are thinking about buying a home, or investment property, you must first. Seek out a professional who never uses those two nasty words. Otherwise, that Dream Home may just turn into a Nightmare!!



Mathews Realty Group

Investment Services

Retirement Planning Specialists

Amplify’d from www.dsnews.com

Mortgage Delinquency Rate Climbs, Foreclosure Numbers Head Higher

Lender Processing Services (LPS) says data it’s collected through the end of June show an abrupt increase in the industry’s mortgage delinquency rate and a smaller uptick in the national foreclosure inventory.

Altogether, LPS says there are some 6,452,000 mortgages going unpaid in the United States. Read more at www.dsnews.com

 

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Left, Right, Center, Which Is It Mr. President?

Great Ben Stein commentary!

Amplify’d from www.latechbbb.com

We've figured him out. "CHANGE IT BACK"

HAVE A FEELING WE BETTER MAKE SOME REAL CHANGES IN OCTOBER. Read more at www.latechbbb.com

 

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How To Become A Politician! Tell Them What They Want To Hear.

Excellent article everyone should take the time to read. Especially, if you have any aspirations of getting into politics.





Mathews Realty Group

Investment Services

Retirement Planning Specialists

Amplify’d from www.thestreet.com

10 Myths That Politicians Want You to Believe

NEW YORK (TheStreet) -- The financial system is on the brink of collapse after trillions in bad loans were issued by greedy bankers. If you were a U.S. political figure, would you: Read more at www.thestreet.com

 

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Cobun's Plan Is a Pipe Dream!

I love this plan, but you and I both know, It's Dead on Arrival! At least, most of it. Then again, If the good ole USA, becomes Greece, It may be the only option?



Mathews Realty Group

Investment Advisor

Retirement Planning Specialists

Amplify’d from www.benefitspro.com

Coburn proposes $9 trillion deficit cut measure

WASHINGTON (AP) — One of the Senate's staunchest budget-cutters unveiled Monday a massive plan to cut the nation's deficit by $9 trillion over the coming decade. Read more at www.benefitspro.com

 

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What If The Debt Ceiling Doesn't Get Raised? Flip A Coin!

I think most of the general public is totally feed up with all the BS about the debt ceiling! According to the Insiders-There is plenty of revenue coming in to meet all the Gov. obligations in the short term. What side of the coin are you on?



Mathews Realty Group

Agent/Adivor Investment Services

Self Direct IRA/401K Specialists

Amplify’d from www.benefitspro.com

Obama, Republicans trapped by inflexible rhetoric

WASHINGTON (AP) — In unusually blunt and combative language, the Senate's top Republican says White House offers to cut long-term spending amount to "smoke and mirrors" and directly challenged President Barack Obama's leadership in debt limit negotiations.

Senate Republican leader Mitch McConnell charged Tuesday that Democrats and the Obama administration were relying on budget gimmicks to give the "appearance of serious belt-tightening." Read more at www.benefitspro.com

 

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Getting Even With Your Lender! Just Walk Away

The longer this Recession continues on, the more in agreement I become with a Strategic Default Decision. Sooner or later the Morality issue becomes a mute point. "I pay my mortgage on time - I've never been late or missed a payment" So Mr. Banker, how will you help me change my mind about walking away from my home? What do you mean you don't care? Sad but True!!!!



Mathews Realty Group

Amplify’d from firsttuesdayjournal.com

Strategic default smarts

35% of mortgage defaults in September 2010 were strategic, an increase from the 26% more than a year earlier in March 2009 according to a University of Chicago Booth School of Business study. 22.5% of residential mortgage defaults nationwide were strategic in the third quarter of 2010. This number increased to 23.1% in the fourth quarter of the same year.

In negative-equity-laden California, strategic defaults are also widespread (more so than the nation as a whole since California is a nonrecourse state and lenders cannot viably threaten to sue for their losses). There were 45,380 strategic defaults in 2009 – 80 times the number in 2005. [For more information on the strategic default trend, see the August 2010 first tuesday article, Fannie Mae, our government and strategic defaults.]

Paying lenders the full amount on an underwater home is not what is going to fuel the recovery of a family or the California economy — what we need is to put cash in the hands of negative equity Californians. If they aren’t going to get any cramdowns in bankruptcy courts, they need to exercise their legal right to strategically default — that “put option” in every trust deed. Besides, it’s what all the smart people are doing anyway, right? Read more at firsttuesdayjournal.com

 

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Ca. Split? An Idea Long Over Due!

URL:  http://www.latimes.com/news/local/la-me-south-californi...

A Great Idea, if for no other reason than to make a point that Southern California is sick and tired of being told how and what to do by all the Left Wing Liberals in Northern Ca. Although a 51st SoCal State may seem remote, maybe it's time for a new SoCal Tea Party movement, to make it a reality. Worth a shot-Don't you think?



Mathews Realty Group

South California Conservative

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