Accelerated mortgage defaults likely choice to deleverage household debt (via Foreclosureblues)

Accelerated mortgage defaults likely choice to deleverage household debt Accelerated mortgage defaults likely choice to deleverage household debt Today, December 24, 2010, 3 hours ago Most economists agree that households will continue to deleverage. Bank of America believes over $1,000,000,000 will come from strategic default. Irvine Home Address … 65 GRANDVIEW Irvine, CA 92603 Resale Home Price …… $2,320,000 In the town where I was born, Lived a man who sailed to sea, And he told us of his life, In the land of … Read More

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Author: timothymccandless

I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand. As an attorney, I represented consumers against predatory lending practices and worked in elder law protecting seniors from fraud. My family lost $239,145 to identity theft, which became the foundation for my seniorgard.onlime and deepened my commitment to financial education. Since 2008, I have maintained a blog at timothymccandless.wordpress.com providing free financial education. Not behind a paywall. Free, because financial literacy should not cost money. I trade with real money using the exact strategy described in this book. My current positions: Pfizer at $16,480 deployed generating $77,900 per year net. Verizon at $29,260 deployed generating $51,000 per year net. Combined: 293% annualized pace. These are my only active positions. Not cherry-picked.

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