tag:blogger.com,1999:blog-22535876.post114481914289759990..comments2023-10-20T07:59:45.124-07:00Comments on Sonoma Housing Bubble : Bubble Bits of NewsAthenahttp://www.blogger.com/profile/15944962059749126687noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-22535876.post-1144868931105851232006-04-12T12:08:00.000-07:002006-04-12T12:08:00.000-07:00so I guess my question is... now what happens to t...so I guess my question is... now what happens to those loans? Who holds them? Who is going to lose money on them? Who pays?Athenahttps://www.blogger.com/profile/15944962059749126687noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1144868581270452622006-04-12T12:03:00.000-07:002006-04-12T12:03:00.000-07:00"And he had been shrewd -- buying at least one hou...<I>"And he had been shrewd -- buying at least one house for triple its market value and getting a mortgage to cover the inflated amount. Even though he overpaid for houses, he managed to sell them at a profit."<BR/><BR/>"If he was such a savvy real-estate investor, why did he die of pneumonia brought on by malnutrition? Maybe mortgage broker Matthew Cox could shed some light, but he's on the lam from federal authorities. And Moon's son, Johnny Jr., and Junior's business associate, Dominic Ferrara, aren't talking. Both are mortgage brokers."</I><BR/> This reminds me of that scene in Chinatown when Jake Gittes (Jack Nicholson) discovers that the bad guys are buying up huge parcels of SFV land in the name of old and dead people in a nursing home.<BR/> Maybe a better line is <I><B>It's Real Estate Jake, forget it</I></B>moonvalleyhttps://www.blogger.com/profile/12058991195867052788noreply@blogger.com