Ashley Long, Part 3

Ashley Long, Home Buyer / Knife Catcher
This was from an article featured on Jan 1, 2008, Ashley Long Part I. These mainstream media bubble articles don't provide any closure. Let's see how this one turned out.


This buyer gambler thought...
“I got a pretty good deal. I know this is a low market and the house is worth more than that,”
and
“It’s the only time I’m going to be able to afford to buy in Sonoma County,”
and
“I can’t imagine it going down a lot lower, and eventually it has to come back up. I don’t want to gamble.”

Well, let's see how much lower it is NOW!

Here is the house:
7108 Hastings Pl, Windsor, CA
4 beds, 3.0 baths, 2,032 sq ft
APN: 163-120-052-000
Sale History:
03/13/1998: $222,500
12/07/2007: $470,000

What is interesting is that Zillow shows a Sale listed months after the initial purchase.

02/01/2008 Listed for sale $485,000
03/07/2008 Listed for sale $485,000
07/11/2011 Listed for sale $345,000

$470,000 - $345,000 =
$125,000 (-26%)

Is that a "lot lower"?

Jim Sinclair's Gift

Jim Sinclair said to write this down back in 2008. What fascinated me is that he not only said it would happen, but that he provided a date. But he was calling for this long before Dec '08. And if his next prediction becomes reality, are you prepared?

Read on...
Jim Sinclair's MineSet

2008-12-28: A Gift From Jim
Dear Friends,
Here is my New Years gift to you, my extended family.

There is no way that the CONSEQUENCES of the largest creation of paper money since it was invented can be avoided or even modified. Odds now favor Alf Field’s price objective (Elliott Wave Gold Update 23, bonus article Crisis Cogitations).

January 14th 2011 to June 21st, 2012:
The best part of this gift is not the one you already know, which is January 14th 2011 (Sinclair: gold will trade at a minimum of $1650 on or before January 14th 2011), but rather the date that a new currency form will replace the form of the US dollar as you know it today which is the third week of June 2012.

Don’t laugh! Write this down and do not forget about it!

Happy (sort of) New Year,
Jim

Cami Noble - Throw More Money at it!!

Cami Noble, House Renter / Debt Slave / Government Servant
Now the government is giving out interest free loans to people behind on their mortgage. But if you look at the numbers, it just doesn't work.




Here is a perfect example from the video. Her mortgage is $4,000/month. Zillow shows a rent estimate of $2500/month, which is still obscene.

6710 Percethony Ct
Alexandria, VA 22315
3 bd, 2.5 ba CONDO

Sales History:
04/26/2005 $643,000 <<< CONDO
03/10/2000 $300,000

Student Loan Defaults

$58B in default
7% default rate

And, as he states, "you can't get rid of a student loan debt in a bankruptcy proceeding".

Enslaved youth of america.



Video #2: Ninja Generation & Student Loan Debt
.

David Crisp, Part 5

David Crisp, Formerly of Crisp & Cole

The noose is getting closer!!


What timing. I posted Part 4 on Jan 16, and here is what Crisp & Cole get on Jan 21.
(thanks, AuAgPb--three of my most favorite metals, by the way)




2011-01-21: Crisp & Cole: Nine of 10 defendants appear in court
Nine of 10 defendants named in the Crisp & Cole mortgage fraud indictment unsealed Friday pleaded not guilty to the charges against them. The one exception was real estate executive David Crisp, whose arraignment before a U.S. magistrate judge was scheduled for Monday.

Eight of the nine who entered pleas Friday were released on their own recognizance on various conditions, including a requirement that they appear before a U.S. district judge for a status conference at 9 a.m. Feb. 11 in Fresno.

2011-01-21: Crisp & Cole: A timeline of events

2011-01-21: 10 Indicted in $20M Real Estate Scam
Ten people have been indicted in a $20-million wide-ranging real estate scam in California, according to the U.S. Attorney.

David Crisp, 31, was arrested Thursday night in San Diego. Carlyle Cole, 63, was arrested Thursday night in Ventura County. Julie Farmer, 42, Sneha Mohammadi, 49, Jayson Costa, 38, Jeriel Salinas, 29, Michael Munoz, 31, and Caleb Cole, 35, were arrested Thursday in Bakersfield. Robinson Nguyen, 30 was arrested Thursday in Monterey and Jennifer Crisp, 29, surrendered to authorities on Friday morning.

The 10 are being charged in a 56-count indictment with conspiracy to commit bank, mail and wire fraud, and with individual counts of mail fraud.

2011-01-21: Crisp & Cole: A who's who in the case

David Crisp, Part 4

David Crisp, Formerly of Crisp & Cole

The noose continues to tighten!!!

Ok, I'm a bit behind on the stories, but I'm not going to forget. These two (Crisp & Cole) were main characters in the Housing Bubble Drama, and we will watch them face justice.

2010-07-01: Fifth guilty plea entered in Crisp & Cole fraud case
Christopher Lance Stovall, formerly a loan officer with the mortgage lending arm of Crisp, Cole & Associates, entered a guilty plea in federal court Thursday as part of a plea deal in a mortgage fraud investigation.

Stovall is the fifth person to take a deal in the case. None of them have been sentenced, however. Investigators have asked the court to delay sentencing to give the defendants time to cooperate with authorities in the ongoing investigation.

Stovall, 37, looked boyish despite his bald head and goatee as Judge Oliver Wanger asked him if he understood the terms of each point of the agreement, which was read aloud at the hearing in U.S. District Court, Eastern District of California in Fresno.

To each question, Stovall replied simply, "yes."

When the judge asked how he pleaded to four counts of felony mail fraud and aiding and abetting, Stovall said, "guilty," then shifted his weight from one foot to the other and looked down at the courtroom's blue carpet.
...