CHESSNOID

Random Noid Musings

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Walk Away From Your Underwater Home aka Jingle Mail

Here is another good article from the Wall Street Journal.  I think they are taking a more populist approach on foreclosures.  You hear financial experts or bailed out bank-sters preaching about moral obligations, duties, and setting the example, but those righteous people always seem to have a vested interest in helping themselves or their constituents. [...]

15 million people officially jobless + 6.3 million Americans unemployed for six months or longer

I have been critical of our government because they have done a poor job running our country. I hope we vote all the incumbents out who voted for the 2 wars, the stimulus packages and bailouts. They keep telling us if it wasn’t for them things would be worse. The truth is [...]

Strategic Default: Morgan Stanley Gives Properties Back to the Lender

I think this article is a great example of why individuals need to view their real estate transactions as investments.  Does it make sense to hold on to a house that you purchased at the top of the market boom and hold on to it for 15 years just to break even?  This is not [...]

7.1 Million Foreclosures 2008-2009

That’s how many foreclosures the United States has had which is bigger than the population of most countries.   Many media outlets are trying to focus on the positive that there are less foreclosures now than July 2009 (the truth is we had more total foreclosures : 3.9 million in 2009 vs 3.2 million in 2008).  [...]