Recent content by fconyer

Anyone planning on getting long if the 20 wk SMA crosses the 50 wk SMA? What instrument?

Does anyone trade currency volatility swaps? Is this a strictly OTC product? Any info would be appreciated. Thanks

In terms of the property here though, the numbers don't jive. $190K for a $900K is way too big a margin unless there was something wrong at the property, or unless the $900K is wrong. Just my view after several decades of acquiring real estate in a variety of ways, to include trustee sales...

I've been watching foreclosures and going to auctions for 3.5 years now. I've probably been to 150 auctions. This auction was very unusual for a number of different reasons. From what I could figure out, the owner disappeared because of legal problems. He owed allot of different people allot...

Have you ever been to an auction? Are you licensed in Massachusetts? You should get your money back for that degree in finance - they forgot to teach you how to spell.

You clearly do not know how foreclosure proceedings work. The lawyer is an agent of the bank. He/she is there to protect the banks interest. The bank's is solely interested in getting their money back, nothing else. Normally there would be more people at an auction, hence a higher price...

Manhattan is not suffering either. Every market is different.

A subordinated lender looses all rights to property in a foreclosure proceeding in Massachusetts.

The original mortgage was for $200000. There was probably $190000 left. The bank added another $6000 to cover missed payments + fees. There was another home equity line of credit for $400,000 with a different bank. That bank didn't show up at the auction, so they have to eat the $400,000...

The lawyer represents the bank. He was precluded from bidding.

I don't mean to be a jerk, but I've been waiting seven years for this to happen, so I'm gonna brag. I just bought a $900,000 house on 7 acres 30 minutes from Boston for $196000. It was me, the auctioneer, and the lawyer. I was the first and only bid. The auctioneer was speechless. The...

I don't mean to be a jerk, but I've been waiting seven years for this to happen, so I'm gonna brag. I just bought a $900,000 house on 7 acres 30 minutes from Boston for $196000. It was me, the auctioneer, and the lawyer. I was the first and only bid. The auctioneer was speechless. The...