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Housing Crisis: Do You Know the Difference Between a Lien State and a Title State?

By: capt_nemo in ROUND | Recommend this post (0)
Sun, 01 Apr 12 7:22 AM | 37 view(s)
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Msg. 40143 of 45510
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Submitted by rcwhalen on 03/31/2012 11:26 -0400

Real estate

"On February 9, 2012, Attorney General Kamala D. Harris announced an historic $18 billion settlement with banks to bring relief to hundreds of thousands of home owners... "

Below is a link to an excerpt from the AEI event last week, "Bubble Trouble: Beginning of the End?" My presentation starts about 0:52 into program.

One of the reasons that the US housing crisis is not nearly at an end is that in the Northeast, where states require judicial action for a lender to foreclose, there is a backlog of years in processing foreclsores.

CA AG Kamala Harris wants to change CA into a title state. If this happens, the CA real estate market will be irreparably damaged and the CA and US economies will tank. Watch this closely.

I will be writing more about this in The IRA this week.

Chris

http://www.zerohedge.com/contributed/2012-13-31/housing-crisis-do-you-know-difference-between-lien-state-and-title-state

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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