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E-Book on the Economy and Mortgage Rates Coming
2008-06-07 14:51:00
I don't normally throw out advertising in this blog, but I wanted to get this news out... In the next month or so, I am going to finish a book on how the economy affects mortgages rates.  I believe every mortgage professional, and any other professional in the industry who wants to show added value, needs to know how economic data, events, etc. impact mortgage rates and why it is so important to have a constant watch on them, or at least work with a mortgage professional who accesses real-time mortgage bond quotes. The book will be highlighting how various economic data plays a role in the overall picture, especially those that highlight inflation.  It will also delve into how to read charts, chart patterns, stochastics, and how these technical indicators can "predict" where interest rates are headed with some certainty. The book is mostly written at this point, but I do need to put final touches on it, review it for accuracy, etc., so it may be a little while before it i...
More About: Economy , Book , Mortgage , E-book , Rates

Just How Hard Is It to Make Money?
2008-06-06 23:35:00
You know I am an advocate of investing versus paying off your mortgage, at least until you have your entire financial and investment plans fulfilled.  You know that the reasons come down to liquidity, safety and rate of return, the latter being the point I am going to target today. Most Americans, and especially those falling prey to the glamour of a paid off mortgage through mortgage acceleration programs such as the Money Merge AccountTM from United First Financial, do not realize the true cost of their financial decisions.  They fail to realize that Everything is 100% Financed!!!  Yes, even when you pay cash, you are essentially financing it. When it comes to pay off your mortgage, more education is needed to show all strategies that can ensure your quickest path to true financial freedom.  Since it is easy to get a rate of return from investments that surpasses that of the cost of your mortgage (especially net cost), strategic equity management can put you in...
More About: Make Money , Hard , Make

Should the Government Clean Up the Mortgage Mess?
2008-05-06 05:44:00
Any time the government gets involved in a bipartisan intervention, you should be scared.  Their track record of successfully implement something both parties agree to is dismal, at best.  And right now, both parties are working to have the government intervene to clean up the mortgage mess.Let's expand a bit and not limit the discussion to just the mortgage mess, for the whole mortgage and real estate fiasco has drawn down the economy.  Now the government is trying to figure out what is the best "stimulus" to get the economy back on track.Well, if you look at history, the best stimulus is to just leave it alone!!!The problem is that your elected officials feel like government intervention is required to make things better, even if it costs the taxpayers billions to bail out the undeserving people, in the name of saving a few deserving ones.  The age old "spend a dollar to save a penny" routine.Economists will back up this thinking, provid...
More About: Government , Mortgage , Clean , Mess

Big Brown Wins Kentucky Derby: Are You Winning That Rate Shopping Game?
2008-05-04 17:01:00
Many thought Richard Dutrow, Jr. was, dare I say, egotistical since he was saying this week that his horse, Big Brown , would win the Kentucky Derby .  Many thought he was overconfident and that the odds would prove that since they were against "inexperienced" horses.Nevertheless, Big Brown did pull off the win.  So, what does that have to do with mortgages and rate shopping in particular?  Let's compare races.Many Americans, if not most, have gotten caught up in the race to get the best deal on a mortgage .  As they run that race, the furious contact lenders, fill out online forms, or whatever else focusing only on getting the lowest rate and fees.  The problem is that the odds are against them, even more so than an inexperienced horse, as Big Brown was, winning the Kentucky Derby.Mike Mueller put out a good post yesterday that highlights some of the pitfalls associated with the rate shopping race.  All too often, mortgage borrowers whom fa...
More About: Shopping , Game

House Panel Ok's Similar Bill Passed by Senate: Government Bailout Program
2008-04-24 04:42:00
Democrats (go figure) pushed a $15B bailout plan through today. The program will provide money to cities and counties in the form of grants and loans (suspect mostly grants).  The intent is so the local governments hit hardest by the housing crisis can become the new "flipping houses" investor, maybe even become landlords.Democrats argue that the bill is needed, along with other bills they want to pass, in order to prevent blight in distressed neighborhoods.  Have they been to South Florida lately?  Who is this really helping?The bill's sponsor, Rep. Maxine Waters (D-California), says there is a pressing need for economic stimulus that the bill would provide.  She goes on to mention that the abandoned houses and foreclosed properties are a drag on property values of those still occupied by working families.  Let's see...the solution to our problems is to have the local government buyout the foreclosed properties, fix them up and then what, ...
More About: House , Government , Senate , Panel , Program

Mortgage Acceleration: Is the Latest Fad Right for You?
2008-04-19 20:37:00
Many of you know that I contribute over at Agent Genius, and that is what this particular post is about.  I added a post with the above title over at AG and rather than repeating the same content, I decided to just inform you about it and supply this link.  Take a moment and go read it, you find it worthwhile.
More About: Mortgage , Acceleration

Mortgage Transparency Kills Mortgage Service: Will the Mortgage Industry's
2008-04-17 19:55:00
The latest move in our industry, fueled further by its recent implosion, is that of transparency in the mortgage transaction.  For starters, I am all for that, though you may not feel that way after reading this.  Why?  Because of what transparency encourages.To truly understand what I am getting to, let's look at what has happened to the airlines in the last 30 years or so.  Some of you are old enough to remember the "glamour" that surrounded airline travel.  In fact, families would save for years just to afford to take a vacation that included air travel.However, deregulation took over the industry.  It brought its benefits, cheaper travel, more options, increased competition, etc.  Nothing wrong with that for the most part.  But look at what the US airline industry has become.  Poor service, cramped seats, little or nothing "glamorous" about it.  Can you say commoditization?Yes, especially after September 1...
More About: Service , Mortgage , Transparency

Jeff Belonger (the FHA Expert): Just as I Expected - Genuine Blogger
2008-04-14 17:29:00
I have wanted to meet fellow bloggers offline for a long time, but my schedule generally prohibits it.  When it comes to local real estate agents and other professionals, business ends up taking priority and meetings can be put off too easily.  So, I have been on a quest to meet people while I am out flying around.  Again, that is hard to do since most of my nights are spent in other countries.Finally, though, I managed to get to Philadelphia and meet a fellow blogger.  Jeff lives just across the river and was nice enough to take some time to meet with me Saturday evening.  Jeff was exactly what I was expecting him to be like, genuine.You see, Jeff gets what blogging is about.  It is about educating the masses, showing your level of expertise, and being genuine about it.  Jeff met my expectations because I got to know him through his blog and he didn't disappoint the image he exuded.  That is what blogging is about, building genuine relati...
More About: Blogger , Genuine , Expert

New FLorida Mortgage Report Up and Running
2008-02-22 15:53:00
If you have been following my blog posts on the Florida Mortgage Report already, you likely already know that I have moved the site to a new domain in order to have more creativity and control.  Frankly, I like WordPress's flexibility the most and was finally ready to make the change.Many of the links on this blog have been updated today to send you to the new site.  Other's may still link to the old one, but in any case, if you don't want to miss what I have been saying or about to say, check out the new site, www.flmortgagereport.com and don't forget to subscribe to the feed.  The old site will remain on Typepad for a while, but it will be taken down and I am no longer adding new content.Also, as posts go and as well as the new site's features and content, I rely on feedback from my readers, so don't forget to comment or send me a quick email and tell me what your thoughts.  Many of you are already aware that I have expanded on my bloggi...
More About: Running

Money Merge Accounts: My Sincerest Apologies to Those With MMAs
2008-01-15 17:24:00
I have some regret that I have to admit to about these programs.  I feel like I failed consumers by allowing them to be misled for far too long.  The truth of the matter is that I have done some more calculations, many of which I should have done back before I even posted my first blog about the subject way back in February 2007.  The bottom line is that I have now done those calculations and it is time to let the truth out.Once again, I have simply taken the information from United First Financial's own presentation on their Money Merge AccountTM program and run the numbers.  Then I ran them again because I couldn't fathom the results.  Being as skeptical as I am, I just couldn't believe the results, so I ran them more times and was absolutely astonished at the results.To see the full text of my apology, please visit the link below (it is a must read).Money Merge Accounts: My Sincerest Apologies to Those With MMAs

This is a "Be Careful What You Wish For" Post
2007-12-05 04:37:00
Recently, I began asking for more testimonials, something I usually do not do as I would like to think I would receive them when my services warranted.  Then I read something, somewhere that showed statistically that if you do not ask, you will not receive.  Well, being the numbers kind of guy I am, I realized quickly I needed to start asking.Well, I have not mastered the art of asking for testimonials, but decided to ask one of the many non-clients that have come to me for advice to provide a testimonial if he chose to.  To say I was blown away is a major understatement as I was not prepared for the degree of impact I have had on this gentlemen's life.Here is the exact testimonial, including his name, used with his permission..."While reading the Active Rain real estate blog online, I stumbled upon some words of wisdom that made good common sense.  Those words were written by Mr. Robert Ashby.  I took the time to visit Mr. Ashby's website, fou...
More About: Post , Careful

Really Simple Currency Investing Creates More US Money
2007-11-29 18:17:00
Ok, as promised, here is what would have happened with your $10,000 investment when converted back to today's USD during the same time as my previous post's housing comparison.  For a quick overview, this chart is based on you simply converting $10,000 USD to another currency and switching it back to USD today.  There are numerous ways to add additional rates of return (safely) in those other currencies and you would be even further ahead.  It is also not adjusted for inflation.Currency UsedWorth Today (USD)Rate of Return (annualized)Euro$15,732.748.59%Aussie Dollar$15,353.158.11%Japanese Yen$11,394.452.40%New Zealand Dollar$15,609.418.43%Norwegian Kroner$14,397.166.85%South African Rand$14,157.646.53%Swiss Franc$14,030.856.35%British Pound$14,159.876.53%Canadian Dollar$15,365.338.12%Russian Ruble$12,882.264.71%As you can see, a fairly good hedge against the devaluing of the USD, and your home is by investing overseas (or even next door).  Wouldn't y...
More About: Money , Investing , Simple

Just How Cheap is That House in Florida for Foreigners?
2007-11-29 18:12:00
(Disclaimer:  I know I said I would not be posting, but I did this one and will add the other simply because you will probably not see an analysis quite like this anywhere else...You should read both posts today) For those of us here in the states, we see our home prices falling and in many cases, particularly South Florida , plummeting into an abyss (Ok, it isn't quit that bad, but for some it seems like it).  With Existing Home Sales dropping at their fastest rate in decades (many relating it back to the Great Depression) and the continued fallout for the credit implosion, foreigners may find themselves at the right time to buy up Florida vacation or investment properties.I am going to use my own house as an example for this one as I know exactly how much I paid for it in 2002 and how much it can fetch today, that is a realistic as it gets.  This will be a lesson in how currency exchange rates affect your purchasing power as well as how cheap some forei...
More About: House , Cheap , Foreigner , Foreigners

Would You Rather Spend $6 to Save $4 or Spend $4 to Earn $6?
2007-11-28 20:57:00
When you look at these numbers, it doesn't seem to really matter, does it?  After all it is only a difference of a couple of dollars.  Yet, look closer and you will see that in the first scenario you are losing $2 while in the second scenario you are gaining $2.  OK, still small potatoes, but now it is $4 (a fancy cup of coffee at Starbuck's).  Think it is still no big deal?  OK, let's multiply that by 1,000.  Still think it is small potatoes?  Now, let's compound the problem over 30 years.  The difference clearly gets magnified over time.  And the problem is most Americans do not understand the time value of money.The problem most Americans don't realize is the fact that focusing on paying off their mortgage can cost them hundreds of thousands of dollars over time.  While ever dollar sent to your bank saves on interest, you also lose tax benefits as well, thus your $6 saved really is only about $4.  Now coup...
More About: Earn , Save

Revisiting AR's Site Bring's Me Back to Why I Have Been Away for A While an
2007-11-28 20:23:00
Not visiting ActiveRain has been hard to do, but it was and still is necessary and I apologize for not providing the quality content you and the community deserve.  Simply put, I am swamped and most of it is pro bono work to educate the consumer on what they should or should not do.  I like giving back to the community, but it takes a lot of my time as well.I am also trying to write the books I want to write (2 in process and 3+ more in waiting).  I am also working to systemize my process for resale and assisting other mortgage professionals to grow their own businesses using my unique process and marketing, licensed under my MEDS™ program.  Oh, and I am still flying, not to mention blogging on 3 other websites I run with another "mortgage advice" blog that will allow multiple mortgage professionals to contribute, more on that later.  I am even doing a weekly post on the mortgage market at Lenderama now.As you can see, I have been busy and th...
More About: Site , Back

Happy Halloween, or Will It Be a "Tricky" One?
2007-10-31 05:13:00
It is Halloween and today represents a day for ghosts, goblins, and ghouls to come out and scare everyone.  But could there be something scarier lurking in the daylight?There is certainly no shortage of scary stuff this year.  Lead poisoned toys, fish and tea from China.  Terrorist plots.  The mortgage meltdown and liquidity crisis.  Sagging real estate prices.  Rampant foreclosures.   Britney Spears.  Of course, just about every year has there "fears" ranging from global warming to global cooling (remember that issue years ago?).  But today marks the most frightful day of the financial markets.  Why?  We have several reports coming today that are heavy hitters culminating in the release of the Fed Rate Decision and Policy Statement.  Today promises to be a very scary day indeed for either the stock market, the bond market or both.  And let's not forget about inflation, or is it recession?  The...
More About: Happy , Tricky , Ricky , Icky

Where in the Heck Did I go, You Asked?
2007-10-18 22:12:00
Well, I know most of you are probably happy I have not posted in nearly a month.  Some of you may not be as happy and may be wondering if I am still alive, in business, etc.Let me answer that with a definitive YES!I have been busy, absolutely.  Things are changing faster than I care to keep up with.  I am writing more than ever, just not on AR, sorry Matt and gang.  Business is doing reasonable considering and I am flying more than I really would like, but it is fun and presents great opportunities as well.So, what have I been up to?  I am blogging on my personal blogsite I staretd a while back which allows Windows Live Writer uploads (AR requires cut and pasting).  That website is in a window to the right or you can visit it at www.floridamortgagedaily.com.I also have daily mortgage market updates at www.solidrockmortgage.com/floridamortgage daily giving insight into the mortgage backed securities market and wher eI think rates are headed, etc.  I ...

Are You in Parity with a Loonie, and Should You Care?
2007-09-25 16:09:00
Many of you are in fact on the same level as a Loonie.  Ok, maybe not you, but the money in your wallet is.  So, what is a Loonie?A Loonie is the Canadian Dollar and it has always (or almost always anyway) been worth less than the US Dollar.  So, it reached the same value as the US Dollar which means our neighbors to the north are really happy.  So happy, in fact, that the Canadian Finance Minister held a press conference Thursday discussing the looming parity.So why should you care?  Simply put, and as the Canadian Finance Minister stated, there is growing concerns over the US economic weakness.  So how bad is it?  If we do a comparison with the Euro, going back to when the dollar traded for 88 cents against the euro until today, Americans have lost nearly 60% of their purchasing power in Europe.  Compared to gold, that number is even higher.And what about housing?  It is not keeping up either, just like at the gas station.  No...
More About: Care

Wanted to Finally Share This...
2007-09-25 15:41:00
I had finally gotten around to uploading the following video to YouTube, but it was at the same time there was a call to quality content as well.  So, to stay on topic, I decided not to share this until now.  I wanted to share with you all part of why I went back to flying (can't beat the view from the desk).My last post was about how there are still too many bloggers blogging off topic and being "point mongers".  There is nothing wrong with gaining points, but rather in how you do it.  Check this post out if you want to read more...Are You Happy When You Fall Off Page 1? OK, so here it is.  This was a video taken several years ago of a landing I did (right seat).  The aircraft was a Boeing 767-300 landing in New York (JFK), returning from Europe.  It was taken by a guy in the jumpseat using only a handheld digital camera, but it turned out reasonable enough.  I hope you enjoy it. I have other videos taken from other aircraft and around the globe which I may upload to YouTube event...
More About: Share , Finally , Wanted , Fina , Ally

Why Aren't Homes Selling? This Should be a Clue
2007-09-21 19:52:00
Ever wonder why there doesn't seem to be any homes being sold in your area?  Granted some areas are doing well, but a survey released today from Reuters/University of Michigan provides an insight as to one possibility.The survey revolves around the homeowner's perception of their own home values and the headlines today stated the obvious, a record 26% of US homeowner's say the value of their hoes has fallen during the past year.  The survey also showed 21% of homeowners expect their homes value to decline in the year ahead.  OK, the news ran with that, but take a different look at the survey and you can see why homes aren't selling.What about the other 74%?  Therein lies the problem.  You see, until more homeowners get their heads out of butts and face reality, the inventory in many localities will not move, may even increase.  This is especially true here in South Florida.You have to wonder what 3 out of 4 Americans are t...
More About: Selling , Homes

Will the Fed Regret Cutting Rates?
2007-09-20 18:10:00
With the 50 basis point cut on the Fed Funds Rate , what is going to happen, and could it ultimately have the opposite effect?Sure, it will help many ARM holders, as well as those with HELOCs, credit card balances and some others.  But what about the long run?  It hurts those trying to save money, encourages adding more debt, and may even create more inflation.All of that may occur, but the reality is that the rate cut will not help homeowners who are already in trouble, so it does little to help the credit crunch.  And what about mortgage rates themselves?  What about foreign investor participation?Mortgage rates themselves are driven by Mortgage Backed Securities, which are bonds and are driven by market forces, including foreign participation.  With foreign investors able to get higher returns elsewhere (there own banks are keeping rates the same or increasing them still), demand for mortgage bonds will drop and rates will rise. Couple that ...
More About: Regret , Rates , Cutting

Government Reacts Now That Enough "Blood" Has Spilled
2007-09-20 18:07:00
It never ceases to amaze me how much the government reacts, usually overreacts, to things long after they have been done.  Take the subprime mortgage meltdown, for instance.  No reaction until enough turmoil (bloodshed) has developed and after it spilled over beyond the "subprime" sector, which had been forecasted, even by myself.Now the Fed is reacting, cutting rates by 1/2 percent and scrambling to crack down on abusive and bad lending practices.  Big Ben was speaking before Congress today and stated that the "Federal Reserve takes responsible lending and consumer protection very seriously...We are committed to preventing problems problems from recurring, while still preserving responsible subprime lending."Does a 1/2 percent rate cut help?  Or will it create more problems.  I will tackle that issue in my next post, but basically it does nothing to help homeowners already in trouble, and may only help marginally for those facing the sam...
More About: Government , Blood , React

Surfing the Web is More Pleasurable Than Sex...
2007-09-20 06:02:00
Ok, I have been trying very hard to stick to posting mortgage and real estate relevant information, but this was a study I just couldn't pass up on.  Sorry.  There was a survey of 1,011 American adults asking how long they would feel OK without going on the Web.  15 percent of the respondents said just a day or less (obviously they didn't poll the AR members as that number would likely be close to 100%).  Another 21% said they a couple of days and another 19% said a few days.  Only about a fifth of the respondents said they could go without the Internet for a week! The survey was developed to see how technology was changing people's lives.  Respondents told of how anxious, isolated and bored they felt when they couldn't get online.  They talked about feeling disconnected from the world and even from friends and family.So are you a "digitivity denizen"?  That is the term being used to describe ...
More About: Surfing

Foreclosure Tax Relief Available to Many - New IRS Web Section Unveiled for
2007-09-18 23:32:00
The IRS unveiled a new section of their website today that is dedicated to  those who have lost their homes due to foreclosure.  They are also reassuring homeowners that there are special relief provisions which can often reduce or eliminate the tax bite for financially strapped borrowers who lose their home.  As you may be aware of, some mortgage workouts and foreclosures can have tax consequences and these provisions will help keep the burden to a minimum.The section includes a worksheet designed to help borrowers determine whether or not any foreclosure related relief provisions apply to them.  If a homeowner finds they owe additional tax, it also includes a form they can use to request a payment agreement with the IRS or even settle their tax debt for pennies on the dollar using an offer-in-compromise.Under tax law, any debt that is wiped out through foreclosure (or a short sale) that exceeds the value of the property, the difference in considered taxable inc...
More About: Foreclosure , Relief , Section , Veil , Available

Is Your "Lost Home Equity" Working for You?
2007-09-18 18:22:00
I am sure you are asking yourself, "what the heck is this guy talking about?"  Well, if you have been focusing on paying off your mortgage, you probably have no clue.  Here is what I am talking about.You may have missed this stat recently released...US 2Q Home owner's Equity Falls to 13 Year Low.  Surprised?  You shouldn't be.  With all of the recent gains in real estate over the last several years, many homeowners have rushed to cash in some of that equity.  Most, unfortunately, went out and spent it or otherwise failed to receive the benefits of proper utilization of that equity.  With the recent drop in real estate values in many areas across the US, is it any wonder that home equity levels have dropped dramatically?Some savvy homeowners did the right thing, though.  They took they cash out of their homes and invested it in safe, liquid accounts and are now having that money work for them, instead of disappearing within the...
More About: Lost , Working , Workin

Don't FIX It if Your ARM is Not Broken
2007-09-18 18:19:00
Many homeowners have been rushing to refinance their Adjustable Rate Mortgages (ARMs) into a Fixed Rate Mortgage, mostly out of fear.  While it is true that many ARMs adjusting this year will put homeowners into increased mortgage payments, some of which they will not be able to afford.  However, I am approached by many ARM holders who want to refinance and they have a while, sometimes a couple of years, before their ARM adjusts.  Should they follow the herd?The answer is a definitive NO!  Sounds strange coming from someone who makes money selling mortgages, doesn't it?  Well, the reality is that the Fed is likely to start a rate cutting trend today.  Typically this lasts for a while and leads to a lower LIBOR index as LIBOR tends to track reasonably close to what the Fed does.  So, if your ARM is not adjusting for a while, you may see it adjust to rates comparable to today's fixed rates, possibly even lower, by the time it does adjust.&nbs...
More About: Broken

Want to Meet Me? Here's Your Next Chance...
2007-09-14 18:48:00
As many of you know, it is very difficult to actually meet me in person.  I run a very busy schedule, both mortgages and flying, and "do not get out much".  So, if you really want to meet me in person, here is your next opportunity...I will be speaking in Tampa, conducting 2 seminars daily, on September 26th and 27th.  The morning seminars will be Flipping Houses 101 and the afternoon seminar will be Building Your Million Dollar Nest Egg with Your Mortgage.  If you want, come on out and listen, or at least stop by to say hello.  I would really like to meet up with you in person.For more information on the event, please visit http://www.constructionexpo.com/ and click on Tampa.  You can also let me know and I will make sure information gets sent to you via email.  It will be held at the Tampa Convention Center and has a variety of other subjects you can learn about.  As of this morning, I have had up to 70 people pre-re...
More About: Chance , Meet , Chan

I am an Idiot, at Least That is What My Competition Wants You to Think.
2007-09-14 18:07:00
Below is an email sent to me by someone (most likely a United First Financial Agent who sells the Money Merge Account, or MMA) as a response to my posts from my blog on ActiveRain.  It proves that they have little understanding of "mortgage planning" and how beneficial these strategies can be.  Please keep in mind that there is no "magic bullet" strategy nor is there a "one size fits all" one.  Additionally, this individual, much like other opponents, believes that equity harvesting and other mortgage planning strategies are proposed to keep homeowners in debt and make lots of money, showing a complete misunderstanding of what certified mortgage planners truly do.Message details: From: Mark Smith Email: marksm27@yahoo.com"I just read your rather misleading example of how equity harvesting outperforms the Money Merge Account. Your example leaves many factors out in regards to the MMA. Your plan also leaves your customers perpetua...
More About: Competition , Idiot , Petit

Did Anything New Come Out of the Hole? Jackson Hole that is.
2007-08-31 19:45:00
As you more than likely already heard, Big Ben Bernanke was speaking today in Jackson Hole , Wyoming.  What is amazing is how investors and analysts really wanted to get him to say if the Fed Funds Rate was going to get cut on Sept. 18th.  Yeah, like that was going to happen.  I will get into the reasoning why later.Big Ben did say something that is a hint of what will likely happen, and that is that downside risks have risen "appreciably" and that losses attributed to the credit markets have "far exceeded even the most pessimistic projections."  Remember that we warned that the problems probably went deeper than is being let one.Another interesting point is that the Fed's favorite gauge of inflation, Core Personal Consumption Expenditures (PCE) was released this morning and the year over year rate was 1.9%, within the Fed's target range of 1 - 2%.  That clears the way for added "comfort" in cutting the Fed Funds Rate.&nb...
More About: The Hole

Finally, Reality Gets Some Recognition
2007-08-30 18:17:00
I have talked to many a person, probably even blogged about it, but the media is finally letting the news out.  That is about the reality surrounding foreclosures.We have heard time and time again about the rampant increase in foreclosures and we even hear the government talking about the need to "protect the homeowner".  The problem we keep hearing is that of the typical "family losing their home" scenario, driving into us the emotions that it just isn't fair that they are losing their home and now they are left on the street.Today, MarketWatch writer Ruth Mantell took on the task of letting out the reality of many of the foreclosures that are occurring.  Yes, there is another side to the story, and one that does not have a very sad ending.The fact is that investment properties constitute a major portion of the foreclosures happening, at least in the four states which she mentions, Florida being one of them.  Is it not coincidental that t...
More About: Reality , Finally , Recognition , Fina , Ally