the knowledge drain

Monday, September 10, 2007

Scrambling Cockroaches

Is it just me, or is the juxtaposition of the random sponsor add on this newstory about Country wide cutting staff a serious comment about the state of the entire mortgage and housing industry.


You KNOW the displaced, unscrupulous mortgage loan 'officers' and brokers that had been selling over-extended homeowners new loans they really couldn't afford, are going to be jumping this new bandwagon. This way, they get rewarded for creating a situation they were rewarded to in the first place. Like being a bounty hunter, and knowing exactly where the prey is hiding.

I hate the mortgage business - and that's why I no longer call it my profession.

With apologies to my previous clients.

Wednesday, May 16, 2007

Flip This Crook

Ever watch A&E's reality real estate show "Flip This House"?

Under the guise of being both educational and entertaining, they inspire the viewer to begin asking "Gee, that looks easy. What if we quit our jobs and get into this house flipping business big time. Imagine all the money we could make!"

Well, this afternoon, I came across a story about Sam Leccima, the "star" from a series of FTH episodes that reveals a different side of the story. Here's the teaser from MyFox Atlanta:

What if you found out an American Idol contestant was lip-synching? What if the Bachelor was really married? How real is reality TV? The FOX 5 I-Team answers that question with one of America's favorite reality shows: Flip This House. Senior I-Team reporter Dale Russell found one Atlanta developer on the show, Sam Leccima, wasn't telling the truth about his renovations.


After watching, if you think Sam is the victim, feel free to visit his website and throw away your money.