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Thu Sep 13, 2007 at 08:24:41 AM EST
Zachary Slobig/AFP: Welcome to Stockton: foreclosure capital USA ". . . "short sales" . . In this arrangement, the borrower provides evidence of financial hardship and the lender agrees to assume a loss and sell the house below the amount owed on the mortgage."
The buyer gets screwed, the agent makes a commission, and the bank writes off the "loss".
Zusha Elinson/Recorder: Calif. Law School Dumps Chemerinsky as Founding Dean "UC-Irvine's Donald Bren School of Law is set to open its doors in fall 2009. The school was recently named for Donald Bren, a real estate mogul and major Republican donor who gave $20 million to the law school last month." Cash the check, decline the prof. Bass-ackwards. daily news :: :: :: buzz-it!
Thursday News: Youfa Misms | 5 comments (5 topical, 0 hidden)
Thursday News: Youfa Misms | 5 comments (5 topical, 0 hidden)
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