Tag Archives: Bailout

Aurora may spend $2.75 million for site valued at $77000

AURORA — A Denver businessman could sell his commercial property in its blighted state to Aurora for $2.75 million despite a city appraisal pricing it at $77,000. The Fanfare property, a 10-acre site unused for at least 28 years, once thrived … Continue reading

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Mortgage Modifications Wind Down As Foreclosures Heat Up

Mortgage modifications under the government’s bailout program, permanent and trials, and as well as proprietary modifications made by the big banks continue to fall and are falling at an increasing clip. You might think it’s because there are fewer troubled … Continue reading

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Fannie Mae Bailing Out Bank of America? Not So Much

Late yesterday the chairman of the House Oversight and Government Reform Committee, Darrell Issa, sent out a press release titled, “Is Fannie Mae’s Purchase of Troubled B of A Portfolio a Back-Door Bailout?” The answer is: No…but let me go … Continue reading

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