Foreclosure and distressed property topics

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<p>For those of you who don't know, a Palmetto bug is a gigantic roach. It is an outside bug which happily comes inside.</p>

<p>Oh, and they FLY. It's no shame to have them, even the most meticulous have them. One day our cat was chasing one. The roach ran up the piano; the cat followed. Exasperated, the roach flew. The cat launched himself off the piano, clearly expecting to fly too, and was most surprised when he did not.</p>

<p>(Floridians love roach stories.)</p>
 
<p>Palmetto bug....pfffff. </p>

<p>Try scorpions. My parents live outside of Phoenix and scorpions are also more than happy to come inside....and hunker down in your slippers. My Dad got stung earlier this year. He said it feels like a jolt of electricity moving through you. They clap out all of their footwear prior to donning now !!</p>
 
<p>We have Florida panthers, and there was a jaguarundi spotted in the neighborhood. Florida panthers are really rare but we heard something that was panther-sized crashing around in the underbrush while on a walk some years ago.</p>

<p>Also wild boar, which are escaped pigs from early settlers. Early meaning no more than 100 years ago, and maybe 70-80. Pigs evolve back to something resembling their wild ancestors rather quickly. A friend of my son's used to hunt them in an area which is now a subdivision, but there's enough vacant land that I'm sure they are still there. Our next door neighbor chased one off a few years ago. He (the friend of the son, not the neighbor, who is a NASA bigish-wig) said they are very tasty. They are very destructive to native wildlife and the space center has people who try to keep their numbers down.</p>

<p>I think your mountain lions (really a type of panther, right?) are more hardy than the Florida panthers.</p>

<p>I think there are some very rare scorpians here, but they are so rare that nobody checks their shoes, and I have no scorpian stories, and I may be wrong about that.</p>
 
>>they are very tasty





Oh, indeed they are. It's similar to ham (duh), but it would be one of the best tasting hams you've ever had. It has very full flavor. You can get boar roasts and other cuts from some suppliers through amazon.com.
 
liz - Yes, much like a panther, but not exactly. The problem with the Coto mountain lions is that they grew up in close proximity to humans and have no fear of them. In the summer, when the deer are here, the mountain lions lay around on the edge of the golf course and watch the golfers.
 
Hey, we've got ants. Little itty bitty ants that don't sting. But they can be very traumatic, just ask any Irvine kid that left their Halloween candy out in the open ...
 
<p>No doubt the mountain lions think WE are very tasty. Or, maybe, like the hub, they just like watching golf. Maybe the lions are waiting for us to get too numerous, and then they will cull us. Think of it as evolution in action. (Niven)</p>

<p>We have fire ants. They do sting. As well as regular ants.</p>

<p>At our house in South Dade, just after we had it built in '81, we had earwigs.</p>
 
<p><a class="image" title="Female (cerci not hooked)." href="http://en.wikipedia.org/wiki/Image:Earwig_on_tin.jpg"><img class="thumbimage" height="232" alt="Female (cerci not hooked)." width="215" border="0" src="http://upload.wikimedia.org/wikipedia/commons/thumb/2/26/Earwig_on_tin.jpg/215px-Earwig_on_tin.jpg" /></a></p>

<p>O.K., I'll bite. Why is this called an earwig ? We call 'em pincher bugs.</p>
 
<p>Private investors like small dark places. . . like poor dark souls who need money to pay their mtges and credit card debt. . (How's that for a segue?)</p>

<p>Anyway, they usually charge ridiculously high rates, and also, won't loan unless there is only 65% or 70% loan to value ratio before them, and some want the total loaned, first and second to be no more than that.</p>

<p>Anyway, my mtg broker buddies's investors have loaned all their money and have no more to loan, because the people who normally would get out of their temporary bind and refinance out of the high rates. Now, they can't and aren't so the investors are illiquid too.</p>

<p>Are they about to lose their shirts too? Even with so much protection?</p>

<p>The buds are both at their new jobs. I will miss them, personally.</p>

<p>They actually referred me a couple of deals. </p>

<p>I feel very sad. Not because of lost deals, but lost human contact.</p>
 
<p>See calculated Risk; HSBC has moved 35 bil onto its balance sheets and provided funding of that amount, if I understand correctly. Say they don't think they will lose any money, investers only will lose.</p>

<p>Hmmm.</p>
 
Foreclosures in OC <a href="http://mortgage.freedomblogging.com/2007/11/26/oc-foreclosures-rising-faster-than-in-%e2%80%9890s/">are "rising faster"</a> than in the 90s
 
<img src="http://mortgage.freedomblogging.com/files/2007/11/foreclosurescomparison.jpg" alt="" />





Awe... Matt is using cool charts. Our local OCR mortgage blogger has officially entered the blogging world.
 
That is a nice looking chart, but what does the y-axis represent? %gain of what? Please excuse if I am missing the obvious.
 
<p>from the author-</p>

<p><em>...I compared the quarter vs. quarter gain as a percentage, meaning 1992Q1 vs. 1991Q4, for a 17% gain compared to 2007Q1 vs. 2006Q4 for a 59% gain in foreclosures.</em></p>

<p><em>I can only do that for three quarters in 2007 (the red bars in the graph below), so I only did it for three quarters in 1992 (the blue bars in the graph below). I would have done year over year instead of quarter over quarter, but I don’t have enough data points in this downturn yet. When I do, which will be next year, I’ll do another graph. Let’s hope the result is less dramatic.</em></p>

<p><img alt="" src="http://mortgage.freedomblogging.com/files/2007/11/foreclosurescomparison.jpg" /></p>
 
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