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Sunrise Special 1-7
Wednesday January 7th
[0:03:12] ... have been devastated financially by companies claiming they can rescue homeowners from foreclosure or serious debt. Blumenthal says a loophole in Connecticut law allows these companies to operate under quote. The guys illegality. The law ...
[0:05:41] ... interest on lawyer trust accounts. Which is largely dried up with fewer real estate deals in interest rates near zero. And identification has been made on the body found a short distance from a Griswold poll ...
[0:09:33] ... violated the state code of ethics. When he was involved in a foreclosure case and referred the defendants to his wife who purchased the foreclosed property. ...
This Morning's Top Stories Tue 1-6-09
KYW's Ed Abrams has the top stories to start your day. (6:56)
[0:01:18] ... makers are only now quantified figures on how key indicators like dwindling real estate transfer tax is at a lower city pension courtesy of the decimated stock market are affecting city finances. ...
[0:03:36] ... com for more. -- bush Q one of the news radio when foreclosure hits and owner occupied home that's bad. When it hits a rental property at can be worse because it affects even more people the owner and those who get evicted. They want w.'s John obstacle which reports -- lord executive director Philadelphia's -- union representative networks has calls about foreclosure eviction to erupt tenfold from last year now fifty or sixty a week. Lawrence says there are a lot of renders in ...
Bad Mortgages 6PM Hr (1/5)
Wall Street Journal Outlines Rep. Joe Baca's Responsibility For Riff Raff Loans
[0:09:35] ... nearly -- 800 families in his district have lost their homes to foreclosure. Pocket beat out pulled out of office well naked. You happen. Really got to the -- explaining exactly what it should be ...
[0:11:30] ... to increase mortgage lending to Latinos. Well the national association of Hispanic real estate professionals they jumped right on this Wall Street Journal says they fielded an army to make the loans. To the Hispanics in ...
[0:12:57] ... NA needle nose. No income no assets the national association of Hispanic real estate professionals one of the sponsors of -- are. She -- the research data built a large membership to market loans to Latinos. They grew to 16000 agents mortgage brokers and again. They didn't care that these illegal aliens couldn't pay the mortgages because all these mortgages were going to be sold to somebody else on Wall Street so they just take their cuts. Take their profits. -- the you know -- of these real estate agents they have consciences do they realize now that they led it to the entire. Nation's economy collapsing. You realize that you played a small part. By by writing these mortgages to be illegal aliens. Now nothing positive came at -- the national association of Hispanic real estate professionals which is one of -- big sponsors. Apparently and it's cold nor -- for short. According to the president -- Sandoz. While home prices were rising the lending risks seem minimal we would say is he breathing okay we'll give a mortgage yet and that's stupid. That that that -- ass tonight. These these coming real estate agents are -- many of camera wire seventies. But it clearly here they were greedy and stupid. I mean it's one thing. ...
[0:25:41] ... text. -- about jobs. They've got to deport themselves. Everything worked out real well for all -- static that Bob -- represents all the legal elite he represents. They're all they're all home in Mexico ...
[0:26:05] ... and actually peaked in 6 at 73. Million dollars. That was the real running period for this vets and Joe -- and all of his buddies who were trying to get Latinos these home loans ...
[0:28:31] ... service in Virginia. And they're swamped with Latino borrowers who are facing foreclosure -- she loan applications and a complete fabrications. He says everything was marketed to borrowers and Spanish right up until the closing ...
[0:29:40] ... San Joaquin county one of every nine households was in default or foreclosure. Senate is that is that astonishing here and again it was fueled by the idea about right pocket does give a rat's ...
[0:30:20] ... So you get -- got a congressman. Working with this Hispanic real estate professional group working with the mortgage lenders working with other nonprofit we know. You wonder that this be time to read these ...
[0:31:22] ... bust. Are now going belly up themselves and and I applaud these real estate brokers and these lovely these but he calls those guys that of those -- the -- that. Why can't they -- name. ...
1-4-09 Your Money
Presented by the Wealth Enhancement Group.
[0:05:29] ... her -- in danger we don't want to be in danger of foreclosure. We're not talking about increasing the debt or talking about potentially. Potentially shifting it to someplace where it's more effective. If you ...
[0:23:35] ... we got married we had nothing we have ignored an order for real lawmaker rent payment that the main north weaker Puerto. -- take a pizza we have nothing. Com we always were committed to ...
[0:25:31] ... us is that do more in stocks keep our savings. Or investments real estate. ...
[0:28:01] ... or more years I like the stock market. Now you also mention real state. I also really really really like real state right now and again people sick or real state home values have plummeted 20% and I just -- heard a reporter wrote a story on the news that in San Francisco. And in Phoenix and in Las Vegas they're down over 30%. Yes exactly. Much there's a lot of real stayed all their rate now. Greatly undervalued so whether you're investing in any second home or vacation property you're just an investment property. I think it's a good time if it's the right property I think real state has agreed investment rate now. If you're not the type of investor that wants to incur liability exposure -- the risk of a single property. There's also funds or investment vehicles hum real state funds are real state investment trusts the -- with the name of reads the acronym. RE IT real estate investment trust idyllic reached right now so. Both of the things you mentioned Tom stock for equity investments and or real state investments. For some of that cash and again you didn't say exactly how much since none of our business. But for some of that cash I would definitely look for different place because I think the time is right -- now for both stocks and real state but congratulations on all the good. Correct things that you've been doing that's that's that's tremendous. ...
Here and Now for December 31, 2008
On today's podcast — the latest from Gaza; keeping libraries open in Philadelphia; the funding crisis in state courts; getting out of a car lease; and a profile of late author Richard Yates.
[0:09:17] ... Patrick just announced a billion dollars in additional budget cuts California has estate workers to take to unpaid days off a month. And New Hampshire suspending jury trials from -- going to hear about that ...
[0:23:00] ... in this contract and when the bank is telling you you're only real way out is to pay. -- 10000 dollar check especially in this economy is really financially disastrous situation to be. ...
[0:23:24] ... their lease contracts because state lost their job. Some have gone through foreclosure -- mortgages or are turning on them. They're stock in the slow horrible economy. And they need desperately to find a way ...
[0:38:12] ... empathy for them even though he was a rather horrid beast in real life he. Wrote about people who were not heroes. And -- and he had a great deal of sympathy for them and ...