“It’s a three-part business cycle now,” said Don Lampe, a partner with the law firm Womble Carlyle, whose specialty is mortgage matters. “Boom, bust and recrimination. We’re moving into the recrimination phase.”
And thus it begins. Individuals who could barely afford to pay their mortgage notes are now being forced to search the sofa cushions for additional money to participate in this new brand of class-action lawsuits.
Essentially, we’re moving into the third phase of the subprime mortgage meltdown by virtue of the fact that individuals are turning to litigation (false economy!) in order to make heads or tails of their mortgage woes.
You can read about it here:
http://biz.yahoo.com/cnnm/070821/081607_here_come_the_judgements.html?.v=5&.pf=loans
Best in Success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL MariaFee@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
On Friday the Associated Press reported that First Magnus Financial Corp. was about to lay off nearly 99% of their workforce. First Magnus, which includes retail outlets such as Great Southwest mortgage and Charter Funding, was scheduled to close more than 300 of their offices and lay off nearly 6000 employees as they faced a credit liquidity crunch of the immense proportion. First Magnus says they were not involved in selling or bundling “subprime” mortgage loans but admitted that a bankruptcy filing was it a real possibility. I’d be inclined to believe that there’s a bubble in the real estate market when the largest privately held mortgage banking operation in the country is unable to make a profit selling $30 billion in loans in the year 2006 alone!
You can read more about it here: http://biz.yahoo.com/ap/070817/first_magnus_shutdown.html?.v=2
Best in Success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL MariaFee@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
Owner Financing News as of 12/23/2007 A.D.
August 18, 2007
Hello note investor. My name is Maria Fee and I am the principal investor/owner at Remi Knox mortgage brokering company. I would like to welcome you to my blog which specializes in mortgage note information, owner financing and of course the growing of your personal wealth portfolio in the real estate market. I am traveling today but I would like to invite you to look around my web site as well as my blog in order to ascertain for yourself whether I may help you increase your wealth profile. I think you’ll see in no time that I am passionate about creating wealth by way of mortgage notes! Feel free to call me at 1-281-346-0400 or toll-free at 1-866-871-5914.
Basically, working smart is all about wealth creation. Mortgage notes and owner financing can get you there! As a subprime lending markets reel from write-downs and delayed financial reporting, I would like you to know that there’s never been a better time to invest in collateralized mortgage notes!
Allow me to elaborate. Do you want to make more money selling your own home than a conventional real estate transaction can offer? Owner Financing can help you with that.
Is it your wish to have better than average returns on your income producing real estate investments? Note Brokering can help you with that.
If in fact you are interested in increasing your wealth in a very prudent manner, I would like you to give me a chance to convince you that the best way to do that is through mortgage notes. It would be my joy to serve you in this area.
Best in success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
281-346-0400 BUS | EMAIL Maria@REMIKNOX.com
866-871-5914 BUS |
281-346-1300 FAX | WEB www.REMIKNOX.com
Be your OWN BOSS! PART TIME NOTE BROKERING FOR FULL-TIME PROFIT.
Visit http://www.reminote.com/brokernotes.php.
