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Moonbrite:Re: Mortgage/Appraisal FraudMoonbrite I still remain very appreciative of those posts of your's. So just want to take this opportunity to thank you for them again. We took what you said to heart. They were instrumental in alerting us to the depth of the mire that lay beneath the shining surface of the pond. They were especially meaningful because they also tallied very well with what we remembered of the sleezy goings on that were commonplace during another very hot local housing market we experienced back in the late 70's-80's: When realtors, loan officers, appraisers, termite inspectors, house inspectors, and others had various 'understandings" and knew though winks and nods who could be counted upon to look the other way when it was required to close a deal. (We heard of one termite inspector who was routinely recommended from one realtor to another for "difficult situations" because it was believed that inspector had never found an active termite infestation in that Deep South city.) So based on your posts and those of a few others who were also participating in the discussion at that time we planned our exit. Perhaps we were a bit too early but did exit gracefully and quite profitiably from all stocks related to the housing and banking sectors. After that we likewise exited all US-focused bond closed ends for the same reasons. More broadly i think it was via experiences related by knowledgeable posters such as you that we seriously began to look at the entire US financial system with a far more critical and jaundiced eye. Sadly, that maybe the key to survival nowadays. That's one reason we have now concentrated on getting as many investments as practicable as far away as possible from the most questionable aspects of this economy..... Anyway, thkx again for your very valuable posts in the past. I'm sure i speak for others here in saying that I'd hope you keep posting here. We all surely could benefit from your insights and interaction with that front line perspective of your's. Cheers, WD |
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Msg # | Subject | Author | Recs | Date Posted |
4025 | Re: Moonbrite:Re: Mortgage/Appraisal Fraud | czentay | 0 | 3/5/2007 11:18:49 PM |