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and an awful time to be a speculator.
Do you know the difference? More importantly, do you know which one you are? Hint: It is all in the risk levels and how they are managed.
And yes, I still believe the recession has started.
The reason investors are loving the current turmoil in all of the equity markets [...] Read more »

In June I talked about why lenders don’t do more short sales. So, it should come as no surprise the lenders are facing increased pressure from the investors who bought the packaged loans to hold the line on modifications. They are pressing the servicing companies to only modify the loan when it looks like there [...] Read more »

The concept of short-sales is all the rage now. Guru after guru is offering learning materials and boot camps and all manner of expensive fluff because this is the latest buzz.
Real investors have been doing short-sales with lenders for as long as there have been lenders and borrowers. It isn’t new and the lender is [...] Read more »