John's shared items

10.23.2008

Foreclosed Bank Owned Property Monroe, CT

Mon-Tar Drive, Monroe, CT

Initial Inspection



Video says it all Part 2 Below

10.22.2008

50 Rock Hill, Trumbull, CT

 

Initial Inspection of Foreclosed bank owned property in Trumbull, CT. 4 BR One Bath, Level Yard, 8 Total Rooms, Fireplace.

10.15.2008

Bank owned single family CMA


http://srg.listingbook.com/?node=27-cma_id,341079733

Sign up an look for John Sembrot

Traditional Seymour Raised Ranch Bank Owned Real Estate For Sale

Ready to Move-in condition home on a level lot with wrap around deck and a family room addition.

Stanley


This recent property has been on the market for about month and recently had a reduction in price.

Call with any questions.

10.14.2008

Google get's new glasses

At 45 I sure wish I could upgrade the old specs. Have you ever noticed how much better maps.live.com is than Google Earth and definitely Google maps. Time for Goog's to catch up.

From Drop Box

10.03.2008

FHA foreclosure fix now in lenders' hands - Oct. 1, 2008

FHA foreclosure fix now in lenders' hands - Oct. 1, 2008

Sounds like a necessary step for lots of upside down mortgages. Perhaps the bail out, which I hate to admit, may be necessary for the banks to get back to the business of managing their assets. Wether they use their own formula or the governments formula Homeowners must be allowed to have the mortgage amount owed reduced to current pricing levels.

Shocking really so much conflicting information out there. Yesterday the NYTimes had an editorial that stated the "lost decade" of Japan was due to the fact that the Japanese Government did not move fast enough to bail out their banking system after the real estate correction of 1987. Which was counter what I had been reading for the last 10 yrs. I had picked up from consumer journalism that Japan's problem was that they never "took the pill" and propped up their banks instead of letting them go under. So I did a quick google search for "cause of Japan's "lost decade" and found that this correction in Japan has been studied extensively and there were many scholastic interpretation of the events. Two articles one undated is here, and another published just today here.

Perhaps the idea of removing this debt off the books of the banks can prevent deflation by allowing banks to reinvest assets instead of settling old debts. I think that public works need to be increased, they report Japan tried public spending and failed, with good management offering a positive result.

Big Stuff, I am not an economist, but hopefully "the imperfect ( or is it miserable) science" can save us our own "Lost Decade"

A truly haunting Halloween



Is this what we have in store for Halloween? Or are these kids living in California.

10.02.2008

Foreclosure Fallout

The whole piece is very compassionate, and really scary. Is this kind of thing headed our way? What do you think? Will this level of foreclosure touch our communities in Fairfield County? Leave a comment.