Bullets from the Sky, Do You Really Trust BofA, others

What a lovely weekend, no snow in SoCal! Although I heard there was some outside of Denver, which is to be expected. This week starts with some interesting real estate and lending news plus oddities and thoughts worth repeating.


And you thought it was safe, that BoA was going to help the underwater hapless. Oh, silly you!

Bank of America, the nation's largest mortgage lender, ramped up its foreclosure activity in March, sending hundreds of letters warning delinquent borrowers in the region that it could sell their homes at auction in as little as three weeks, according to North County Times analysis of data from ForeclosureRadar.
http://su.pr/2zTbzb

Of course, we still have the 'Shadow Inventory' question. Is it or isn't it? That is the question, and the banks want to create a 'soft landing'. Some financial institutions can stand higher write offs at this time and are more likely to foreclose and sell right now; others have weaker balance sheets and need to stretch out the write offs that come with the recognition of loss represented by foreclosures. http://su.pr/23li4p

Some good PowerPoint presentation ideas to which I add the following:
1. no more than 6 words per slide
2. add humor
3. no cheesy graphics
4. Keep It Simple, Stupid! (KISS)
and more... http://su.pr/227Ve5

I have been in New Orleans on Fat Tuesday and Mardi Gras when local authorities roll out stories of people dying. Bullets falling from the sky is a New Orleans expectation, but West Virginia? http://su.pr/2E23Lm

And, finally 'Killer Quakes on Rise With Cities on Fault Lines' (Bloomberg) -- Is the world falling apart? Surely it isn’t, though this year’s frequent earthquakes and the occasional volcano have left an exceptional path of ruin and misery, raising concerns that something very unusual is occurring. http://su.pr/22JbcZ


Please let me know if you have any thoughts, all are welcome!