Archives for the 'Foreclosure' Category

The Cure For The Foreclosure Epidemic: An Introduction

In a previous post I blamed the foreclosure mess on the ice cream makers. But I have reconsidered.  Now I realize that this mosquito is the culprit. Since no one really wants to take responsibility, and it is now being described as an epidemic, I can only assume that the mosquito started it all.
Last week […]

1 June 2007 | First Time Homebuyers, Pre-Approval, Chicago Stuff, Foreclosure | 5 Comments

Foreclosure Fingerpointing Game

I have never been a fan of fingerpointing. Usually the one who is doing the most fingerpointing is the one who probably should be looking in the ‘responsibility’ mirror.
This article demonstrates how ridiculous the fingerpointing has become regarding the subprime and foreclosure chaos.
There is plenty of blame to go around: banks (lenders) who offer crazy, […]

25 May 2007 | First Time Homebuyers, Loan Officers, Programs, Foreclosure | 1 Comment

Mirror, Mirror: Mortgage Reflection Time

 
We need to turn off the television. Here’s why.
This post describes a few situations, of people losing their homes,  which probably should not have happened for several reasons. (Please read the article before reading the rest of my post.)
First, whether we like it or not, our credit reports (our credit histories) determine so much of our financial […]

6 May 2007 | Down Payment, First Time Homebuyers, Pre-Approval, Income, Credit (Score), Programs, Foreclosure | 7 Comments

A Band-Aide For Foreclosures

Now that federal lawmakers are weighing in about the subprime woes and the increase in foreclosures and how to offer financial aide to those homeowners who are on the brink of losing their homes, I guess it’s ok to say that this situation is serious. I am being sarcastic.
The band-aide that is being proposed is […]

12 April 2007 | First Time Homebuyers, Pre-Approval, Good Faith Estimate, Loan Officers, Foreclosure | No Comments

It’s The Ice Cream People To Blame

The reason so many people are losing their homes cannot be more clear. The ice cream manufacturers have caused all the problems.
Well, not exactly. Though individual loan officers, who have had a seemingly unlimited availability of programs for just about any buyer’s qualifications and have presented these enticing programs with chocolate and cherries and placed buyers […]

27 March 2007 | First Time Homebuyers, Loan Officers, Programs, Foreclosure | 2 Comments


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Copyright © 2007 Richard Cohen. All Rights Reserved.