"but I kinda like the Beatles" Three Dog Night When I came back from Nam, my guitar buddies made fun of me for liking this band. Being in Nam I was supposed to like Hendrix and The Stones which I did but what are you going to do.
Picture is of a short sale on Tortise Island.
Priced at $649,000 with 4280 sq ft on the canal with a pool, that is a lot of house for the money and Tortise Island is a great place to live.
File a lawsuit on your bank? That is exactly what the federal goverment is doing to the large banks. These are the very same banks that the federal government bailed out. The suit involves that the banks didn't use due diligence in income verification for mortgages made in the boom. Now I understand that there was no other reasonable option other than to bail them out but it is rather strange. Call me crazy but it does seem that with the collapse of property values that it would be prudent for the banks to have all their properties appraised and reduce the amount of the mortgages to the appraised values. They would save millions on the cost of foreclosures and also keep people in their homes and start receiving mortgage payments. Call me crazy!
Jim Bagwell
Tuesday, September 6, 2011
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