Posted by PAW on 11/20/07 12:50pm
Msg #222162

'Closing' now has new, scary meaning

Article in the Orlando Sentinel
http://www.orlandosentinel.com/orl-rippletitle1807nov18,0,2763912.story?coll=orl_tab01_layout

Reply by BobRogers_FL on 11/20/07 1:28pm
Msg #222169

Check out my new web site:

http://www.rogersmobile.com

Reply by Dennis D Broadbooks on 11/20/07 2:04pm
Msg #222173

Wish You the Best...

...in your new "endeavor", Bob! I hope retirement will be good to you.

Reply by Dennis Larson on 11/20/07 2:33pm
Msg #222176

Shares of Countrywide fell 14 percent in afternoon trading TODAY on
the New York Stock Exchange.

Earlier in the session, shares hit $9.07, their cheapest trade since
about Feb. 2002.

This stock was at $45 in the summer.

Stockholders are bailing out. Traders are shorting the stock.

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20071120&id=7309330

Reply by Pamela on 11/20/07 6:46pm
Msg #222233

I've lived in Southern California since 1960.
This is the first time that I have seen so many properties
boarded up or sitting empty for months!

I personally know families who may very well loose their homes.
Why? Because they took out loan after loan after loan, and
now cannot refinance anymore. They are "bottom-up". That is,
they now owe more on their properties than the properties are worth.

And these particular people knew better!