Blogging Broker

The reason I am wondering is I happen to be looking at a listing for a home:
MLS#358901
The home is located at 3423 E Illinois Ave, Fresno, CA 93702.
This is a small 2 bedroom 1 bath home with 808 sq. ft. According to the listing information given this home [...]

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HUD has issued a mortgagee letter to lenders and underwriters explaining that effective immediately, borrowers in default on their mortgage at the time of a short sale or pre-foreclosure sale will not be eligible for a new Federal Housing Administration (FHA) -insured mortgage for three years.
Distressed Short Sellers Locked our of FHA Loans
Read the [...]

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Back in April I called: FHA – THE NEW SUPRIME LENDER
Now I’m not alone
Toll Brothers Inc. Chief Executive Officer Robert Toll said. “Yesterday’s subprime is today’s FHA,”
It’s crazy!
It’s OBSCENE!
A buyer puts in an offer for quarter of a million dollar home, puts up [...]

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A quote from the news article at the bottom:
Even though the feds are turning a blind eye to medical pot shops and patients, Fresno leaders say they’re not. The city council recently adopted a new ordinance banning dispensaries.
I suspect the city council members only favor the Respectable Drugs, you know, the ones that the GOOD [...]

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Default Notices Drop by 10 Percent in California – NYTimes.com.

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Oct. 8 (Bloomberg) — U.S. home sellers cut their asking prices by a total of $28.4 billion to attract buyers as the real estate recovery stalled, Trulia Inc. said.
The average discount was 10 percent as of Oct. 1st… READ MORE

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…Time to Drag out the Guillotines and Sharpen the Blades???
Watch this YouTube video in which Max Keiser calls for the decapitation of FINANCIAL TERRORIST.
[youtube]http://www.youtube.com/watch?v=NzvMh73WflQ[/youtube]
Tags: financial crisis, fresno, homes, lazarus, loans, real estate

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All the leaves are brown and the sky is grey….
[youtube]http://www.youtube.com/watch?v=-wI6uAOHzvo[/youtube]

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Finally they see the light!
Accordingto this Reuters News Article the recession begain in December of 2007. This would make my declaration of the Official Beginning of the Recession about a month off.
Why rely on these numbers crunchers to inform you a year after the fact?
Lazarus – Real Estate Broker and Financial Prognosticator Extraordinaire

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First, a reminder for those of you missed it: Lazarus announced the recession before Bush and Buffet.
So, when I announced the recession I said I would not be buying Starbucks beans until its over.  Ok, not only am I not purchasing Starbucks beans, recently I decided to give up their formula for a perfect cup [...]

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