People hardly ever recover from that. It means you havent been able to pay, discourage your Credit Rating for seven years. Even to rent the place is very damaging. In spillover affects not just in the Housing Market, the local government, how are they funded . 30 , guess what happens to local property taxes, they fall in the same fashion. Cities in the country when bankrupt owners are coming out of that. U. S. Economic had almost a full year gdp loss. Many of these things have come back. Many of the homeowner equity have come back thankfully. Our economy has come back to a very large and, that the crisis fell like dominoes, decimated investment, banks have invested in my former company lost millions, billions of stock. They also invested in mortgage bonds among wall street firms comprised of subprime mortgages and downgraded everyone lost as well. The deficit rose fiscal stimulation, the economic recovery package pushed through it costs a lot of money. People unemployed and needed soci
Thanks for joining us. Im bob massi. Civil war commander George Custer is said to have uttered the famous words, its not how many times you get knocked down that counts. Its how many times you get back up. Nowhere is that spirit more evident than in las vegas, and we found one spot where it looked like they might not get back up, but they did. So, here i am in Reflection Bay in henderson, nevada, a place that went from riches to rags and now back to riches, one of the greatest stories of redevelopment and resurgence in america. This entire area five years ago was ground zero of the realestate crisis in america, and today it is an american success story. Lake las vegas is a beautiful, 328acre lake that was actually manmade. It was a massive project spanning decades, creating the lake, the golf courses, hotels, and luxury communities in the middle of the vegas desert. But when the recession hit, the area was devastated. This was the kind of situation thats very rare to have a 300acre lak
Subcommittee will come to order. Good morning everyone and well konl to the subcommittee on equal opportunity. And home loan churning practices and how veteran home buyers are affected and additionally how taxpayers can be affected. This is the second oversight hearing we held this Congress Related to v. A. Loan guarantee program and the benefits provided to our American Service members and veterans on account of this program. As mr. London with the department of federal affairs discussing in his testimony v. A. Guarantees over 23 million loans in excess to trillion dollars since the 1940s representing millions of veterans, Service Members and their families who may not or otherwise achieve the American Dream. This program is one of the more well run program at the v. A. And i have thoughts about why it is, mainly because they guarantee it but the lender are in involved and they under ride it and more people involved in administering it in the private sector. They recently had concerns
When youre selling your property, doing some very simple things can give you an amazing bang for your buck. One of those things its called staging. Its basically remodeling or redecorating your home to make it attractive to any potential buyer so important. And the results . They can be dramatic. We tagged along with professional home stager jennifer paxson, as she transformed two properties that are about to hit the market. What we do as stagers is we bring furniture in so that people can see how they could live in the space. We make people have an emotional connection so they see the way that they could live life. For Property Number one, jennifer went way beyond traditional staging and worked with the homeowner on repainting, restaining cabinets, and even replacing carpets. The style of the home is very traditional. And what were trying to do is make it transitional because transitional is gonna bring the traditional style as well as contemporary pieces. Contemporary pieces are more
We are welcoming you to this special event. It is an honor for me to introduce our speaker tonight Susan Wharton gates. Dr. Gates as editor and compiler of credit risk data for the of freddie mac top lobbyist and primary writer of testimony serving as Vice President and Corporate Strategy the fascinating book with the insiders view thats dr. Gates has worked as an academic for a Public Administration and policy at the college of business also a Consulting Firm that helps firms and nonprofit san governments manage their policy claims. If that isnt tough behalf she earned her ph. D. From the seven rePublic Administration. [applause] welcome to means a lot to be here and all those other people i am meeting just today at this event with that global forum on resiliency is fascinating so how do we insure resiliency in our communities economic and social perspective . So just in case you are wondering bestseller movement of resiliency and around the world what can we learn about that . So day