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Monthly Archives: November 2010
Wikileaks Threatens Bank of America? No.
In Trouble? November 30, 2010: Bank of America Corp.’s stock dropped nearly more than 3% Tuesday on speculation that website WikiLeaks would soon release internal documents. Can Wikileaks damage Bank of America? Come on. The Charlotte, N.C., lender, the nation’s … Continue reading
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Vegas Ranked Fifth Worst Economy in the WORLD
An international study says Las Vegas has one of the worst economies in the world, and prospects for a rapid recovery appear dim. The Brookings Institution and London School of Economics study ranked Las Vegas fifth from the bottom in … Continue reading
Posted in Economic Trends, Uncategorized
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DENIED NEVADA UNEMPLOYMENT BENEFITS? WE DO UNEMPLOYMENT HEARING OFFICER APPEALS
If you were denied unemployment benefits after losing your job, we will file an appeal and attend the hearing on your behalf. Low flat fee. Laid off or fired Las Vegas workers deserve unemployment benefits. Unemployed workers are eligible to … Continue reading
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Most Defaulting Homeowners Live In Their Home More Than 16 Months For Freeee!
492: The number of days since the average borrower in foreclosure last made a mortgage payment. Banks can’t foreclose fast enough to keep up with all the people defaulting on their mortgage loans. That’s a problem, because it could make … Continue reading
Alert: Vegas real estate goes down
Stumping local experts, Las Vegas region home sales fell sharply in October as the weak economy, job security concerns and the hangover from the homebuyer tax credit took their toll. A total of 3,961 new and resale houses and condos … Continue reading
Posted in Real Estate Trends, Uncategorized
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Vegas: 2010 Started and Ended Without a Bang
SOME COMBEACKS ARE REALLY BORING November 23, 2010: If 2009 was marked by exciting predatory lending lawsuits against Countrywide, public arrests of home loan modification scammers, and a record breaking plummeting Las Vegas real estate market (see our 2009 wrap … Continue reading
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Foreclosure crisis is the largest forced relocation event since the Great Depression
November 22, 2010: The number of children displaced has been climbing steadily in recent years, with nearly 40 percent of U.S. school districts surveyed citing foreclosure as the top reason for the surge in homeless students, according to a report … Continue reading
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Real Estate Fraudsters Migrate to FHA and REO Sales
November 18, 2010: CoreLogic, a leading provider of consumer, financial and property information and business services, today released an update to its 2010 Mortgage Fraud Trends Report which states that mortgage fraud increased by more than 20 percent since the … Continue reading
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The Foreclosure Rocket Docket
November 16, 2010: The great American mortgage bubble of the 2000s, perhaps the most complex Ponzi scheme in human history — an epic mountain range of corporate fraud in which Wall Street megabanks conspired first to collect huge numbers of … Continue reading
Are Strategic Defaults Overblown?
Concerns that vast numbers of homeowners are going to walk away from underwater homes that they can afford to pay are overblown, say U.S. economists at Banco Bilbao Vizcaya Argentaria SA. The economists cite data showing that there aren’t any … Continue reading
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