From Jackie Calmes and Sheryl Gay Stolberg at the NY Times: Obama Presses for Aid to Cities and States President Obama on Saturday implored Congress to provide more aid to states and cities to blunt “the devastating economic impact of budget cuts” by local governments that imperil the jobs of teachers, the police, firefighters and other public employees. In a letter to Democratic and Republican Congressional leaders, Mr
Posts Tagged additional
From Lori Montgomery at the WaPo: Bill on jobless benefits, state financial help scaled back [C]ongressional leaders reached a tentative agreement Wednesday to scale back a package that would have devoted nearly $200 billion to jobless benefits and other economic provisions … Under Wednesday’s agreement, the overall cost of the package would drop from more than $190 billion to about $145 billion … Unemployment benefits would be extended through the end of November, instead of through the end of the year ..
From an intereview in Der Spiegel with European Central Bank President Jean-Claude Trichet: A ‘Quantum Leap’ in Governance of the Euro Zone Is Needed . A few excerpts: Trichet: “[I]t is clear that since September 2008 we have been facing the most difficult situation since the Second World War — perhaps even since the First World War
Jeff Collins, at the O.C.
Short sales are a hot topic, and Jillayne Schlicke has an interesting post: Predatory Short Sale Negotiators I received a call the other day from a consumer who was in the process of purchasing a short sale home. The homeowner has defaulted on her mortgage and the trustee sale auction has been postponed a few times now that this buyer’s firm offer has finally reached the lender’s loss mitigation decision-maker. Once the offer was accepted by the seller, the homebuyer was surprised to learn that there’s a third party involved, a “Short Sale Negotiator” who is charging an additional $9,000 fee on top of the real estate commissions paid to both the agent for the seller and the agent for the buyer
We’ve been discussing accidental landlords for a couple of years.
