We were early to warn readers that Iowa Attorney General Tom Miller, who is heading the 50 state probe into mortgage abuses, was unlikely to take as tough a stand with banks as his early sabre-rattling suggested.
Now other close observers of the 50 state AG probe, like Marcy Wheeler of FireDogLake, have pointed out that expectations for this group were probably too high, given that some of the AGs had been opposed to the effort before, and they’d hobble the effort from the inside. But even though true, that observation still gives Miller more of an out than he deserves.
The fact is that Miller had decided, before any investigation was undertaken, that his group was not going to take any action that might allow investors to recover for losses. Why? Some of the parties in a position to recover would not be Americans. This came by e-mail before the December meeting at which Miller promised to “put people in jail” as well as obtain deep principal mods and compensation for defrauded homeowners:
The homeowners off to meet Tom Miller is a setup for a photo-op to imply buy-in. I was w/ a European documentary maker this weekend who spoke to Miller a few days ago and said Miller relayed the fraud isn’t so bad, everything will be worked out .. the standard line; he’s already made up his mind. He doesn’t want those European governments demanding their money back. The meeting is a photo-op setup because the too-big-to-fail crowd is scared of put-back liability and shorts; they’re working hard to make it appear they’re doing something to quiet everybody down.
So get this: so keen is a state attorney general to protect the wallets of big banks that he’s decided there wasn’t much fraud before doing any serious forensics. And his reason was to deny payouts to investors because they are foreign (China, are you taking notes?). But to prevent that outcome, he also has to throw US investors and wronged homeowners under the bus.
Welcome to equal protection under the law, circa 2011. No wonder gun sales are skyrocketing.
Thus Miller’s retreat is entirely predictable, and we can plot its trajectory. Following his “get tough with crime” mid-December declaration, Miller took criminal investigations off the table on January 4. From Bloomberg:
The five largest loan servicers, including Bank of America Corp. and JPMorgan Chase & Co., may be the first to settle with the 50 state attorneys general probing foreclosure practices, Iowa Attorney General Tom Miller said…..The group isn’t pursuing a criminal investigation, Miller said. “Our focus is to reform the servicing process and that’s inherently civil, not criminal,” he said.
One of our readers, who is a seasoned litigator, disagreed vehemently with Miller’s “this can only be a civil investigation” and provided examples of criminal prosecutions for analogous misconduct.
The latest step backwards by Miller is a softening in his stance and a refusal to reaffirm his earlier commitments. From Iowa CCI’s press release about its meeting yesterday with Miller:
Following their December 14th meeting with Iowa Attorney General Tom Miller, who is leading the 50-state investigation of the “foreclosure-gate” scandal, 200 members of Iowa CCI met with him again on Tuesday to continue the push for a settlement that will help millions of Americans stay in their homes. Iowa CCI is part of a coalition of community groups across the country fighting to end the foreclosure crisis.
“Tuesday’s meeting felt a lot different than the meeting in December,” said Iowa CCI Director Hugh Espey, “In our first meeting with Attorney General Miller we felt like we had a champion that was ready to go toe to toe with the big banks. We left this meeting wondering if the big banks had knocked the wind out of our state’s top law enforcer.”
“In many cases a loan modification is in everybody’s best interest – the homeowner, the investor, servicer and the national economy,” Miller had said in a statement following the December meeting. “… I know it’s worth our best efforts to save as many homes as we can.”
In Tuesday’s meeting The Attorney General was less forthcoming about the intended outcome of the settlement. He did not repeat previous commitments to aim for a settlement that would keep people in their homes, nor to press criminal charges against bank officials where evidence of fraud and criminal wrongdoing is found. The Financial Crisis Commission has recently referred several cases to the states for further criminal investigation.
As more aggressive AGs, like the ones in Arizona and Nevada, file suits against banks, perhaps their complacent peers like Miller will be embarrassed into acting. But until then, this “see no evil, hear no evil, speak no evil” by top enforcement officials appears likely to remain the norm.
Note: here is the economic Schedule for Week of January 16th.
Below is a summary of the previous week, mostly in graphs.
• Retail Sales increased 0.6% in December
On a monthly basis, retail sales increased 0.6% from November to December(seasonally adjusted, after revisions), and sales were up 7.9% from December 2009.
Click on graphs for larger image in graph gallery.
This graph shows retail sales since 1992. This is monthly retail sales, seasonally adjusted (total and ex-gasoline). Retail sales are up 13.5% from the bottom, and now 0.2% above the pre-recession peak.
This was below expectations for a 0.8% increase. Retail sales ex-autos were up 0.5%; also below expectations of a 0.7% increase. Although slightly lower than expected, retail sales are now above the pre-recession peak in November 2007.
• Industrial Production, Capacity Utilization increased in December
From the Fed: Industrial production and Capacity Utilization
Industrial production increased 0.8 percent in December after having risen 0.3 percent in November. ... The capacity utilization rate for total industry rose to 76.0 percent, a rate 4.6 percentage points below its average from 1972 to 2009.This graph shows Capacity Utilization. This series is up 11.5% from the record low set in June 2009 (the series starts in 1967).
Capacity utilization at 76.0% is still far below normal - and well below the pre-recession levels of 81.2% in November 2007.
This was above consensus expectations of a 0.5% increase in Industrial Production, and an increase to 75.6% for Capacity Utilization.
• Trade Deficit declined slightly in November
The trade deficit in November was $38.3 billion, down slightly from $38.4 billion in October This graph shows the monthly U.S. exports and imports in dollars through November 2010.
Imports have been mostly flat since May, and exports have started increasing again after the mid-year slowdown.
The petroleum deficit increased in November as import prices continued to rise - averaging $76.81 per barrel in November. Prices will be even higher in December. The deficit with China increased to $25.634 billion from $25,517 in October. Once again oil and China deficits are essentially the entire trade deficit (or even more).
• CoreLogic: House Prices declined 1.6% in November
CoreLogic reported that house prices declined again in November. This graph shows the national CoreLogic HPI data since 1976. January 2000 = 100.
The index is down 5.07% over the last year, and off 30.9% from the peak.
The index is only 1.2% above the post-bubble low set in March 2009, and I expect to see a new post-bubble low for this index - possibly as early as next month or maybe in early 2011.
• Ceridian-UCLA: Diesel Fuel index increased in December
Ceridian-UCLA reported "The Ceridian-UCLA Pulse of Commerce Index™ (PCI), a real-time measure of the flow of goods to U.S. factories, retailers and consumers, surged 2.4 percent in December and pushed the PCI above its previous 2010 peak established in May."
This graph shows the index since January 1999.
• NFIB: Small Business Optimism index declined slightly in December
This graph shows the small business optimism index since 1986. The index decreased slightly to 92.6 in December from 93.2 in November.
According to the NFIB: "This marks the 36th month of Index readings in the recession level".
The decline this month was small, and in general this index has been improving - but very slowly.
• Other Economic Stories ...
• From the Financial Times: Lisbon succeeds with debt auction
• From the NY Times: Portugal Bond Sale Succeeds Despite Budget Woes
• From the WSJ: Strong Demand at European Debt Auctions
• From the Association of American Railroads: AAR: Rail Traffic increased in December
• Fed's Beige Book: "Economic activity continued to expand moderately"
• From RealtyTrac: Record Foreclosure activity in 2010
• Unofficial Problem Bank list increases to 933 Institutions
Best wishes to all!
benchcraft company portland or
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
Reducing salt in teen diet could have big impact on future health <b>...</b>
Cutting back on salt in teenagers' diets by as little as one-half teaspoon, or three grams, a day, could reduce the number of young adults with high blood pressure by 44 to 63 percent, according to new research presented Sunday, Nov. ...
Be A Part of the Oscars Movie <b>News</b> & Movie Reviews | Geo Blog
Do you like reading movie news and movie reviews? All of us without exception love the movies. They allow us to escape into a fantasy world and get away from our everyday realities if only for a while. Sitting in front of the screen at ...
benchcraft company scam
We were early to warn readers that Iowa Attorney General Tom Miller, who is heading the 50 state probe into mortgage abuses, was unlikely to take as tough a stand with banks as his early sabre-rattling suggested.
Now other close observers of the 50 state AG probe, like Marcy Wheeler of FireDogLake, have pointed out that expectations for this group were probably too high, given that some of the AGs had been opposed to the effort before, and they’d hobble the effort from the inside. But even though true, that observation still gives Miller more of an out than he deserves.
The fact is that Miller had decided, before any investigation was undertaken, that his group was not going to take any action that might allow investors to recover for losses. Why? Some of the parties in a position to recover would not be Americans. This came by e-mail before the December meeting at which Miller promised to “put people in jail” as well as obtain deep principal mods and compensation for defrauded homeowners:
The homeowners off to meet Tom Miller is a setup for a photo-op to imply buy-in. I was w/ a European documentary maker this weekend who spoke to Miller a few days ago and said Miller relayed the fraud isn’t so bad, everything will be worked out .. the standard line; he’s already made up his mind. He doesn’t want those European governments demanding their money back. The meeting is a photo-op setup because the too-big-to-fail crowd is scared of put-back liability and shorts; they’re working hard to make it appear they’re doing something to quiet everybody down.
So get this: so keen is a state attorney general to protect the wallets of big banks that he’s decided there wasn’t much fraud before doing any serious forensics. And his reason was to deny payouts to investors because they are foreign (China, are you taking notes?). But to prevent that outcome, he also has to throw US investors and wronged homeowners under the bus.
Welcome to equal protection under the law, circa 2011. No wonder gun sales are skyrocketing.
Thus Miller’s retreat is entirely predictable, and we can plot its trajectory. Following his “get tough with crime” mid-December declaration, Miller took criminal investigations off the table on January 4. From Bloomberg:
The five largest loan servicers, including Bank of America Corp. and JPMorgan Chase & Co., may be the first to settle with the 50 state attorneys general probing foreclosure practices, Iowa Attorney General Tom Miller said…..The group isn’t pursuing a criminal investigation, Miller said. “Our focus is to reform the servicing process and that’s inherently civil, not criminal,” he said.
One of our readers, who is a seasoned litigator, disagreed vehemently with Miller’s “this can only be a civil investigation” and provided examples of criminal prosecutions for analogous misconduct.
The latest step backwards by Miller is a softening in his stance and a refusal to reaffirm his earlier commitments. From Iowa CCI’s press release about its meeting yesterday with Miller:
Following their December 14th meeting with Iowa Attorney General Tom Miller, who is leading the 50-state investigation of the “foreclosure-gate” scandal, 200 members of Iowa CCI met with him again on Tuesday to continue the push for a settlement that will help millions of Americans stay in their homes. Iowa CCI is part of a coalition of community groups across the country fighting to end the foreclosure crisis.
“Tuesday’s meeting felt a lot different than the meeting in December,” said Iowa CCI Director Hugh Espey, “In our first meeting with Attorney General Miller we felt like we had a champion that was ready to go toe to toe with the big banks. We left this meeting wondering if the big banks had knocked the wind out of our state’s top law enforcer.”
“In many cases a loan modification is in everybody’s best interest – the homeowner, the investor, servicer and the national economy,” Miller had said in a statement following the December meeting. “… I know it’s worth our best efforts to save as many homes as we can.”
In Tuesday’s meeting The Attorney General was less forthcoming about the intended outcome of the settlement. He did not repeat previous commitments to aim for a settlement that would keep people in their homes, nor to press criminal charges against bank officials where evidence of fraud and criminal wrongdoing is found. The Financial Crisis Commission has recently referred several cases to the states for further criminal investigation.
As more aggressive AGs, like the ones in Arizona and Nevada, file suits against banks, perhaps their complacent peers like Miller will be embarrassed into acting. But until then, this “see no evil, hear no evil, speak no evil” by top enforcement officials appears likely to remain the norm.
Note: here is the economic Schedule for Week of January 16th.
Below is a summary of the previous week, mostly in graphs.
• Retail Sales increased 0.6% in December
On a monthly basis, retail sales increased 0.6% from November to December(seasonally adjusted, after revisions), and sales were up 7.9% from December 2009.
Click on graphs for larger image in graph gallery.
This graph shows retail sales since 1992. This is monthly retail sales, seasonally adjusted (total and ex-gasoline). Retail sales are up 13.5% from the bottom, and now 0.2% above the pre-recession peak.
This was below expectations for a 0.8% increase. Retail sales ex-autos were up 0.5%; also below expectations of a 0.7% increase. Although slightly lower than expected, retail sales are now above the pre-recession peak in November 2007.
• Industrial Production, Capacity Utilization increased in December
From the Fed: Industrial production and Capacity Utilization
Industrial production increased 0.8 percent in December after having risen 0.3 percent in November. ... The capacity utilization rate for total industry rose to 76.0 percent, a rate 4.6 percentage points below its average from 1972 to 2009.This graph shows Capacity Utilization. This series is up 11.5% from the record low set in June 2009 (the series starts in 1967).
Capacity utilization at 76.0% is still far below normal - and well below the pre-recession levels of 81.2% in November 2007.
This was above consensus expectations of a 0.5% increase in Industrial Production, and an increase to 75.6% for Capacity Utilization.
• Trade Deficit declined slightly in November
The trade deficit in November was $38.3 billion, down slightly from $38.4 billion in October This graph shows the monthly U.S. exports and imports in dollars through November 2010.
Imports have been mostly flat since May, and exports have started increasing again after the mid-year slowdown.
The petroleum deficit increased in November as import prices continued to rise - averaging $76.81 per barrel in November. Prices will be even higher in December. The deficit with China increased to $25.634 billion from $25,517 in October. Once again oil and China deficits are essentially the entire trade deficit (or even more).
• CoreLogic: House Prices declined 1.6% in November
CoreLogic reported that house prices declined again in November. This graph shows the national CoreLogic HPI data since 1976. January 2000 = 100.
The index is down 5.07% over the last year, and off 30.9% from the peak.
The index is only 1.2% above the post-bubble low set in March 2009, and I expect to see a new post-bubble low for this index - possibly as early as next month or maybe in early 2011.
• Ceridian-UCLA: Diesel Fuel index increased in December
Ceridian-UCLA reported "The Ceridian-UCLA Pulse of Commerce Index™ (PCI), a real-time measure of the flow of goods to U.S. factories, retailers and consumers, surged 2.4 percent in December and pushed the PCI above its previous 2010 peak established in May."
This graph shows the index since January 1999.
• NFIB: Small Business Optimism index declined slightly in December
This graph shows the small business optimism index since 1986. The index decreased slightly to 92.6 in December from 93.2 in November.
According to the NFIB: "This marks the 36th month of Index readings in the recession level".
The decline this month was small, and in general this index has been improving - but very slowly.
• Other Economic Stories ...
• From the Financial Times: Lisbon succeeds with debt auction
• From the NY Times: Portugal Bond Sale Succeeds Despite Budget Woes
• From the WSJ: Strong Demand at European Debt Auctions
• From the Association of American Railroads: AAR: Rail Traffic increased in December
• Fed's Beige Book: "Economic activity continued to expand moderately"
• From RealtyTrac: Record Foreclosure activity in 2010
• Unofficial Problem Bank list increases to 933 Institutions
Best wishes to all!
benchcraft company portland or
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
Reducing salt in teen diet could have big impact on future health <b>...</b>
Cutting back on salt in teenagers' diets by as little as one-half teaspoon, or three grams, a day, could reduce the number of young adults with high blood pressure by 44 to 63 percent, according to new research presented Sunday, Nov. ...
Be A Part of the Oscars Movie <b>News</b> & Movie Reviews | Geo Blog
Do you like reading movie news and movie reviews? All of us without exception love the movies. They allow us to escape into a fantasy world and get away from our everyday realities if only for a while. Sitting in front of the screen at ...
bench craft company reviews
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benchcraft company portland or
bench craft company reviews
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
Reducing salt in teen diet could have big impact on future health <b>...</b>
Cutting back on salt in teenagers' diets by as little as one-half teaspoon, or three grams, a day, could reduce the number of young adults with high blood pressure by 44 to 63 percent, according to new research presented Sunday, Nov. ...
Be A Part of the Oscars Movie <b>News</b> & Movie Reviews | Geo Blog
Do you like reading movie news and movie reviews? All of us without exception love the movies. They allow us to escape into a fantasy world and get away from our everyday realities if only for a while. Sitting in front of the screen at ...
bench craft company reviews
We were early to warn readers that Iowa Attorney General Tom Miller, who is heading the 50 state probe into mortgage abuses, was unlikely to take as tough a stand with banks as his early sabre-rattling suggested.
Now other close observers of the 50 state AG probe, like Marcy Wheeler of FireDogLake, have pointed out that expectations for this group were probably too high, given that some of the AGs had been opposed to the effort before, and they’d hobble the effort from the inside. But even though true, that observation still gives Miller more of an out than he deserves.
The fact is that Miller had decided, before any investigation was undertaken, that his group was not going to take any action that might allow investors to recover for losses. Why? Some of the parties in a position to recover would not be Americans. This came by e-mail before the December meeting at which Miller promised to “put people in jail” as well as obtain deep principal mods and compensation for defrauded homeowners:
The homeowners off to meet Tom Miller is a setup for a photo-op to imply buy-in. I was w/ a European documentary maker this weekend who spoke to Miller a few days ago and said Miller relayed the fraud isn’t so bad, everything will be worked out .. the standard line; he’s already made up his mind. He doesn’t want those European governments demanding their money back. The meeting is a photo-op setup because the too-big-to-fail crowd is scared of put-back liability and shorts; they’re working hard to make it appear they’re doing something to quiet everybody down.
So get this: so keen is a state attorney general to protect the wallets of big banks that he’s decided there wasn’t much fraud before doing any serious forensics. And his reason was to deny payouts to investors because they are foreign (China, are you taking notes?). But to prevent that outcome, he also has to throw US investors and wronged homeowners under the bus.
Welcome to equal protection under the law, circa 2011. No wonder gun sales are skyrocketing.
Thus Miller’s retreat is entirely predictable, and we can plot its trajectory. Following his “get tough with crime” mid-December declaration, Miller took criminal investigations off the table on January 4. From Bloomberg:
The five largest loan servicers, including Bank of America Corp. and JPMorgan Chase & Co., may be the first to settle with the 50 state attorneys general probing foreclosure practices, Iowa Attorney General Tom Miller said…..The group isn’t pursuing a criminal investigation, Miller said. “Our focus is to reform the servicing process and that’s inherently civil, not criminal,” he said.
One of our readers, who is a seasoned litigator, disagreed vehemently with Miller’s “this can only be a civil investigation” and provided examples of criminal prosecutions for analogous misconduct.
The latest step backwards by Miller is a softening in his stance and a refusal to reaffirm his earlier commitments. From Iowa CCI’s press release about its meeting yesterday with Miller:
Following their December 14th meeting with Iowa Attorney General Tom Miller, who is leading the 50-state investigation of the “foreclosure-gate” scandal, 200 members of Iowa CCI met with him again on Tuesday to continue the push for a settlement that will help millions of Americans stay in their homes. Iowa CCI is part of a coalition of community groups across the country fighting to end the foreclosure crisis.
“Tuesday’s meeting felt a lot different than the meeting in December,” said Iowa CCI Director Hugh Espey, “In our first meeting with Attorney General Miller we felt like we had a champion that was ready to go toe to toe with the big banks. We left this meeting wondering if the big banks had knocked the wind out of our state’s top law enforcer.”
“In many cases a loan modification is in everybody’s best interest – the homeowner, the investor, servicer and the national economy,” Miller had said in a statement following the December meeting. “… I know it’s worth our best efforts to save as many homes as we can.”
In Tuesday’s meeting The Attorney General was less forthcoming about the intended outcome of the settlement. He did not repeat previous commitments to aim for a settlement that would keep people in their homes, nor to press criminal charges against bank officials where evidence of fraud and criminal wrongdoing is found. The Financial Crisis Commission has recently referred several cases to the states for further criminal investigation.
As more aggressive AGs, like the ones in Arizona and Nevada, file suits against banks, perhaps their complacent peers like Miller will be embarrassed into acting. But until then, this “see no evil, hear no evil, speak no evil” by top enforcement officials appears likely to remain the norm.
Note: here is the economic Schedule for Week of January 16th.
Below is a summary of the previous week, mostly in graphs.
• Retail Sales increased 0.6% in December
On a monthly basis, retail sales increased 0.6% from November to December(seasonally adjusted, after revisions), and sales were up 7.9% from December 2009.
Click on graphs for larger image in graph gallery.
This graph shows retail sales since 1992. This is monthly retail sales, seasonally adjusted (total and ex-gasoline). Retail sales are up 13.5% from the bottom, and now 0.2% above the pre-recession peak.
This was below expectations for a 0.8% increase. Retail sales ex-autos were up 0.5%; also below expectations of a 0.7% increase. Although slightly lower than expected, retail sales are now above the pre-recession peak in November 2007.
• Industrial Production, Capacity Utilization increased in December
From the Fed: Industrial production and Capacity Utilization
Industrial production increased 0.8 percent in December after having risen 0.3 percent in November. ... The capacity utilization rate for total industry rose to 76.0 percent, a rate 4.6 percentage points below its average from 1972 to 2009.This graph shows Capacity Utilization. This series is up 11.5% from the record low set in June 2009 (the series starts in 1967).
Capacity utilization at 76.0% is still far below normal - and well below the pre-recession levels of 81.2% in November 2007.
This was above consensus expectations of a 0.5% increase in Industrial Production, and an increase to 75.6% for Capacity Utilization.
• Trade Deficit declined slightly in November
The trade deficit in November was $38.3 billion, down slightly from $38.4 billion in October This graph shows the monthly U.S. exports and imports in dollars through November 2010.
Imports have been mostly flat since May, and exports have started increasing again after the mid-year slowdown.
The petroleum deficit increased in November as import prices continued to rise - averaging $76.81 per barrel in November. Prices will be even higher in December. The deficit with China increased to $25.634 billion from $25,517 in October. Once again oil and China deficits are essentially the entire trade deficit (or even more).
• CoreLogic: House Prices declined 1.6% in November
CoreLogic reported that house prices declined again in November. This graph shows the national CoreLogic HPI data since 1976. January 2000 = 100.
The index is down 5.07% over the last year, and off 30.9% from the peak.
The index is only 1.2% above the post-bubble low set in March 2009, and I expect to see a new post-bubble low for this index - possibly as early as next month or maybe in early 2011.
• Ceridian-UCLA: Diesel Fuel index increased in December
Ceridian-UCLA reported "The Ceridian-UCLA Pulse of Commerce Index™ (PCI), a real-time measure of the flow of goods to U.S. factories, retailers and consumers, surged 2.4 percent in December and pushed the PCI above its previous 2010 peak established in May."
This graph shows the index since January 1999.
• NFIB: Small Business Optimism index declined slightly in December
This graph shows the small business optimism index since 1986. The index decreased slightly to 92.6 in December from 93.2 in November.
According to the NFIB: "This marks the 36th month of Index readings in the recession level".
The decline this month was small, and in general this index has been improving - but very slowly.
• Other Economic Stories ...
• From the Financial Times: Lisbon succeeds with debt auction
• From the NY Times: Portugal Bond Sale Succeeds Despite Budget Woes
• From the WSJ: Strong Demand at European Debt Auctions
• From the Association of American Railroads: AAR: Rail Traffic increased in December
• Fed's Beige Book: "Economic activity continued to expand moderately"
• From RealtyTrac: Record Foreclosure activity in 2010
• Unofficial Problem Bank list increases to 933 Institutions
Best wishes to all!
benchcraft company portland or
benchcraft company portland or
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
Reducing salt in teen diet could have big impact on future health <b>...</b>
Cutting back on salt in teenagers' diets by as little as one-half teaspoon, or three grams, a day, could reduce the number of young adults with high blood pressure by 44 to 63 percent, according to new research presented Sunday, Nov. ...
Be A Part of the Oscars Movie <b>News</b> & Movie Reviews | Geo Blog
Do you like reading movie news and movie reviews? All of us without exception love the movies. They allow us to escape into a fantasy world and get away from our everyday realities if only for a while. Sitting in front of the screen at ...
benchcraft company scam
benchcraft company portland or
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
Reducing salt in teen diet could have big impact on future health <b>...</b>
Cutting back on salt in teenagers' diets by as little as one-half teaspoon, or three grams, a day, could reduce the number of young adults with high blood pressure by 44 to 63 percent, according to new research presented Sunday, Nov. ...
Be A Part of the Oscars Movie <b>News</b> & Movie Reviews | Geo Blog
Do you like reading movie news and movie reviews? All of us without exception love the movies. They allow us to escape into a fantasy world and get away from our everyday realities if only for a while. Sitting in front of the screen at ...
bench craft company reviews
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
Reducing salt in teen diet could have big impact on future health <b>...</b>
Cutting back on salt in teenagers' diets by as little as one-half teaspoon, or three grams, a day, could reduce the number of young adults with high blood pressure by 44 to 63 percent, according to new research presented Sunday, Nov. ...
Be A Part of the Oscars Movie <b>News</b> & Movie Reviews | Geo Blog
Do you like reading movie news and movie reviews? All of us without exception love the movies. They allow us to escape into a fantasy world and get away from our everyday realities if only for a while. Sitting in front of the screen at ...
benchcraft company scam
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
Reducing salt in teen diet could have big impact on future health <b>...</b>
Cutting back on salt in teenagers' diets by as little as one-half teaspoon, or three grams, a day, could reduce the number of young adults with high blood pressure by 44 to 63 percent, according to new research presented Sunday, Nov. ...
Be A Part of the Oscars Movie <b>News</b> & Movie Reviews | Geo Blog
Do you like reading movie news and movie reviews? All of us without exception love the movies. They allow us to escape into a fantasy world and get away from our everyday realities if only for a while. Sitting in front of the screen at ...
how to lose weight fast benchcraft company portland or
bench craft company reviews
bench craft company reviews
bench craft company reviews
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
Reducing salt in teen diet could have big impact on future health <b>...</b>
Cutting back on salt in teenagers' diets by as little as one-half teaspoon, or three grams, a day, could reduce the number of young adults with high blood pressure by 44 to 63 percent, according to new research presented Sunday, Nov. ...
Be A Part of the Oscars Movie <b>News</b> & Movie Reviews | Geo Blog
Do you like reading movie news and movie reviews? All of us without exception love the movies. They allow us to escape into a fantasy world and get away from our everyday realities if only for a while. Sitting in front of the screen at ...
benchcraft company scam
When a lender seeks to foreclose due to loan default by the home owner, the lender files a lawsuit in circuit court. The court then sells the property at auction. Individuals interested in bidding on Orlando foreclosures should find listings through the local circuit court in Orlando, Florida. They can then register for the foreclosure auctions and buy foreclosed homes in Orlando by placing the highest bid.
Step 1:
Obtain Orlando foreclosure listings. According to the Orange County Clerk of Courts, you can get foreclosure notices in the Orlando Sentinel and some other Orlando newspapers. You can also go to the court clerk's office and look up the files for yourself.
In addition to those methods, the Orange County, Florida Clerk of Courts has an online "myclerk" system for finding Orlando foreclosure notices. Read the instructions for using this system at Myorangeclerk.com/help/foreclosureinstructions.pdf.
Step 2:
Use the listings of Orlando foreclosures to make a list of properties that you may wish to purchase at auction. Look at the amount due on each property to help you narrow down your choices to Orlando foreclosed properties that fit your bidding budget.
Step 3:
Make a visit to each property to get more information. While you cannot inspect the property, you can check out the lot, the outer conditions and neighborhood conditions. You should also try to speak to neighbors or Orlando real estate agents to get an idea of the fair market value of the property. This will help you to come up with a maximum bid that will give you a great house deal if your bid wins at auction.
Step 4:
Prepare the money for bidding at the Orlando foreclosure auctions. In this county,you will need five percent of your bid as a down payment immediately after winning an auction. But you also need the full amount of your bid to pay by 4 p.m. on the auction day. You may pay by cash, certified check or check from a trust account if you are a Florida attorney.
Step 5:
Proceed to the sale for the Orlando foreclosed properties you are hoping to purchase. In Orlando, the auctions are conducted on weekdays at 11 in the morning. Look at each notice to get the actual day. The sales are held in Room 350 of the Orange County Courthouse.
Step 6:
Bid and complete your payment on the same day. You will also have to pay a registry court fee. Multiply the first $500 of your bid by three percent and the rest by 1.5 percent to get the fee. Make sure you also get a Florida property deed filed with the recording office. You need to file a deed to protect your interest in the Orlando foreclosures that you purchase at the courthouse.
Sources:
Orlando's Orange County Clerk of Courts Info on Foreclosures
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