Albert Goode's Page

Troy Janisch
June 22, 2009

Net worth and consumption are falling. Unemployment and interest rates are rising. The economic outlook is weak for years. What can you do?

If you’re concerned about the economy, you can use social media to hedge your bets.

This week, I had the opportunity to listen to an economic outlook presented by world-class economist Nouriel Roubini. As the economist who began raising an alarm about recession-triggering behaviors in 2006, Roubini has become known as ‘doctor do… Continue

Hall of Fame quarterback Dan Marino, a former Miami Dolphin, has decided to throw in $1.5 million worth of designer furniture and a signed football to the buyer of his Weston, Fla., home.

Marino first listed the house three years ago and, since then, reduced the asking price two times.

… Continue

While the Obama Administration’s Home Loan Modification Program was supposed to help homeowners who have lost their jobs and are having trouble making their mortgage payments, the NYTimes wrote an article today highlighting the many people whom the banks have been unwilling to help because they have never been late on a mortgage payment before. Some of these homeowners are upside down on their mortgages–others are having trouble simply due to the circumstances of the recession.… Continue

Total Foreclosure Filings (include default papers, auction sale notices and repossessions) 2,330,483 (2008) +1,285,873 (2007) + 803,489 (2009 as of first quarter) = 4,419, 845 x $175,000 (current median home price) = approx $773,000,000.000 worth of homes that have FILED foreclosure in the last 2.25 years.

Per CNN (below) approximately 1.2 million homes were actually taken back by banks as REO (realty track has 1.5mm listed for sale currently).
So there appears to be a few million homes in some… Continue

By Eve Samples

Palm Beach Post Staff Writer

Sunday, May 17, 2009

Core Communities LLC, the company behind the Tradition community and Port St. Lucie's biggest developer, is trying to renegotiate two major loans as the value of its property has dropped.

Core's parent company, Fort Lauderdale-based Woodbridge Holdings Corp. (Pink Sheets: WDGH), warned in its first-quarter report last week that Core was dealing with "cash flow deficits" and said its lenders are seeking payments to more closely… Continue