When you move in you will hate your neighbors. You will pay $6,000 in property taxes (based on market value) only to find your neighbors are paying 2,700 a yr because they are locked in because they moved there 10 yrs ago. Nice Welcome, eh?? You're insurance is 4 times what it was ten yrs ago (if you can get it). The crime rate is very high! Overall i would never return to what was my home state. My kids have just moved out never to return also. Salaries are low.
E*Trade's 'First In, First Out' Position: Yes, 111M Shorts Can Be Wrong [View article]
E-Trades is in first mtges at a 70% LTV? Based on when the loan was made or the value today? Where are these mtge's?? A 70% LTV when made sounds pretty good except that it might be at 110% at this time. Also, the HELOC's. Same thing. Made at 80% or 100% LTV they are basically worthless if the first forecloses whether it's in LA or Atlanta. No recovery on these - just take a walk.
I need about $350M to get my debts under control and since no one would be helped ny my going Chapter 13 how about the Fed bailing me out? Is that the way it works?
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