“PPIP” is what Washington (FDIC) is calling it.
It means Public – Private Investment Program, which is what the Feds want to use as a vehicle to liquidate all the toxic real estate assets off the books. A toxic real estate asset means LOANS.
There is not enough money in the government coffers to buy all the toxic real estate assets. It doesn’t matter who or what is the cause. These toxic real estate assets need to be liquidated.
The Feds are going to guarantee this program. Additionally, they will be given some leverage to private investors to buy such loans.
If this works out well this model may be used for comsumer and commercial toxic asset loans too.
What does this mean to you? It means there will be good buys for you if you have good credit. Call me for more information.
“Ostrich Syndrome” action by homeowners which represents a counter-productive denial of reality.
If you know someone that owes more on their home than it is worth then be the true friend that you are and help them out. By telling them about their options to prevent a foreclosure on their credit.
As you know they would benefit from an interview with Start Fresh LLC at www.StartFreshLLC.com.
We can, we will.
Forbes, the top ten foreclosure states are currently:
1. California
2. Florida
3. Arizona
4. Nevada
5. Illinois
6. Michigan
7. Ohio
8. Texas
9. Georgia
10. Virginia
The Labor Department says gasoline prices and clothing costs leaped the most in nearly two decades in February, driving a rise in consumer inflation of 0.4 percent in February. Core inflation, which excludes food and energy, rose 0.2 percent in February, slightly higher than the 0.1 percent rise economists expected. Can anyone guess what it’s called when interest rates stay low while prices go up?
The US Labor Department said that the jobless rate jumped to 8.1% in February, its highest month since 1983.
Here are the number of the last 3 months of the “jobs lost” mayhem: December: 681,000 lost, January: 655,000 lost, February: 651,000 lost.
**3 month total: 1,987,000 jobs lost**
If you, or anyone you know owes more than the home is worth and they can’t sell it call me. I am buying these homes and getting a settlement on their credit so they won’t be foreclosed upon.