Comments on: Real Homes of Genius: Today we Salute you Beverly Hills 90210. Making $1 Million in Home Equity Disappear.

By: Robert Lewis

Robert Lewis — Wed, 25 Jun 2008 21:53:34 +0000

Before Ed McMahon: Pamela’s Federal Tax Lien, judgments and liens

www.webofdeception.com

By: Nick

Nick — Tue, 24 Jun 2008 04:23:58 +0000

Just found this site for the first time. Really enjoyed the post. It’s interesting to see these examples and the five year history on how the home unraveled. It certainly makes you think twice about bailouts - it’s hard to root for anyone involved in deals like that to get let off the hook.

By: Scott

Scott — Mon, 23 Jun 2008 23:53:17 +0000

The horrible reality of these homes is that people who had nothing to do with real estate are being fleeced because they owned bank stocks. Nice, safe, secure, dividend paying bank stocks. Real wealth is being destroyed at an astonishing rate. Tens of billions of dollars every week. Money that was in people’s IRA and 401K’s. Pension funds for policemen and schoolteachers. College tuition savings.
Gone. Money people assumed would be invested prudently by sophisticated loan officers at venerable banking institutions. Instead they find out their bankers were in cahoots with con artists posing as mortgage brokers, carnival barkers with real estate sales licenses and flim flam artists posing as buyers. Only a tiny handful of these criminals will ever be prosecuted and even less of the money
ever recovered. Our justice system cannot stay ahead of the scam artists. As soon as they shut down the World Coms, the Enrons and the Tycos the next con game is already underway. Sometimes I think we need an electric chair right inside the New York Stock Exchange with a CEO sitting in it every few months to act as a deterrent. Nothing else seems to work.

By: Garbonzo

Garbonzo — Mon, 23 Jun 2008 21:08:55 +0000

It’s true: Beverly Hills does make me think of Shannon Dougherty. And the absurd spread that Tori Spelling’s dad built. And Jethro Clampett.

By: David The Renter

David The Renter — Mon, 23 Jun 2008 15:30:09 +0000

After reading so many stories similar to this, I’m beginning to wonder if I missed the boat and never have an opportunity to get my hands on so much cash and never have to pay it back. Whats so bad about 300K plus cash in hand and a foreclosure on your credit report.