“Honesty is the best policy – when there is money in it.” – Mark Twain Would you be surprised to learn that Fannie Mae employees are selling REOs listings to brokers for kickbacks? Investigators are examining whether soliciting illegal payments is a common practice at Fannie Mae’s Irvine, California office. Shouldn’t the office of Fannie…
Jeff Pintar had buyer’s remorse as he purchased 12 foreclosed homes in five Southern California counties on a single day. His regret: that he didn’t buy more homes a year earlier.
“Things have turned around faster than anyone anticipated,” said Mr. Pintar, who first began buying properties here four years ago and now owns or manages 1,700 homes, which he rents out for between $1,000 and $3,800 a month. Here in Orange County, nearly every home listed for less than $400,000 “is being pursued by institutional investor capital,” he said.
New York Times reporter Michael Wines recently revealed the backlog of 1400 candidates being considered for protection under the Endangered Species Act. Some species have been awaiting a decision for over 20 years, while others have actually gone extinct during the process. Buckle your seat belts because California is going to be affected.