User profile: JustMe

Stories like these should not be printed. Why let the criminals know how you are catching them when you can just keep quietly catching them? All printing articles like this will do is make them go to another state to steal the Identity. For the DMV to share this info is counter-productive to the program with no benefits at all. Leave it to our government to inform the enemy (in this case the identity thieves) of just how they are getting caught so they can figure a way around it. Way to go DMV, ruin a successful program so you can brag a little and ask for more money. What a bunch of dolts.

Strip Clubs such as Treasures have other multimillion dollar lawsuit problems as well.

http://www.americanmafia.com/Inside_Vega...

Although I did have to accept an offer $120,000 less than a broken deal that never closed last August, I did sell recently at almost $200/sq foot, to a cash buyer. Certainly disappointing from the $300/sq foot the property could have easily commanded in mid 2007. Having many houses nearby listed at ridiculously low prices "subject to short sale," without any real intention of selling, has done considerable harm to home values, if only in the minds of prospective buyers seeing the lower priced properties listed and questioning why pay up.

One thing not mentioned about all the short sales listed is that many of them are not really for sale. What I mean is that the homes are not being made accessible to agents or buyers and are listed as "subject to short sale" in an attempt to make it appear to the lenders as there is no interest in the property so the owners can attempt to modify their existing mortgage or bring in a straw buyer to reduce the principle owed and put the property in a position where it can be rented cash flow positive. In my opinion, many properties listed as subject to short sale are part of an ongoing fraud by some realtors and mortgage mod firms and are helping to acerbate the problem of declining values. These subject to short sale listings create an illusion of unrealistically low prices and have a negative effect on surrounding existing home values. They also leave legitimate sellers with one more hurdle that can be difficult to clear when dealing with perspective buyers.

Unless the owner is capable and willing to pay the difference between the sale price and what is owed, listing properties for less than the amount of all liens should be banned. This would bring greater transparency to the housing market and lenders wouldn't be hoodwinked into making modifications or short sales and would give prospective buyers a clearer picture of the actual for sale market and possibly help stabilize home values for everyone.

Little Rock, Arkansas has my vote for the sh!tty city award

inquiring minds want to know.....what is the GJ investigating?