1868 foreclosure case in Los Angeles county today.
Finally a big drop in the number of cases. As for yesterdays out come they are...
2218- auctioned
248- cancelled
139- bank owned
35- 3rd party
Nice number under cancelled yesterday. Which means that they came out with some deal with the bank. Either postponed, paid for, loan modification, etc.
Looks like our favorite 3rd party column has declined also but still a nice number at 35 deals.
On the economic calendar today Ben Bernanke the Fed Chief is to speak today at 11 am ET. where he will testify before the House Financial Services Committee on the bankruptcy of Lehman Brothers. Pretty much Bernanke is saying " Lehman was exempt from supervision by the Federal Reserve because the company did not own a commercial bank it was allowed by federal law to own a federally insured savings association without becoming subject to Federal Reserve supervision".
Looks like Bernanke is saying that Lehman Brothers fell through the cracks using loop holes that we must stop so that this won't happen in the future and our economy will be further protected from big banks like this getting over.
Credit tip of the day:
Your credit score is made by the following...
Repairing your credit is as simple as rolling up your sleeves and calling your creditors and start negiotiating! It really is that simple. Some will play hard ball but keep fighting and listen more than you talk. You have more power than you think. Know your rights and don't get bullied.
For more information or questions you may have feel free to email us.
Rex Chapman
The Concierge Group
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