"As soon as a lender raises the red flag, scammers descend. Here's how they wind up holding the deed."

This is an article by Dean Foust & Brian Burnsed of BusinessWeek.

MILLIONS OF TARGETS
In most states, it's not illegal for one person to persuade another to sign his or her home over. And proving it was done through deceptive means can be tricky if the promises to help the owner were made verbally, as is often the case. So many victims have little recourse except through civil proceedings. But with the number of foreclosures estimated to soar to more than 2 million over the next couple of years, more and more policymakers are scrambling to keep the situation from turning into an epidemic by enacting tougher penalties for such practices.

View the entire article HERE.

California Foreclosure Activity Jumps Again. DataQuick

Foreclosures Hit 37-Year High. Realtor Magazine Online

“Legal Guide to Foreclosure-related Transactions" C.A.R.

The Foreclosure Report from Mike at Patagonia Finance

Labels: Bay Area Real Estate, BusinessWeek, CAR, DataQuick, Interest Rate, Real Estate Cycles, Realtor Magazine

When: Thursday-Sunday, June 14-17
Where: Oakmont CC, Oakmont, Pa.
Yardage/Par: 7,230 yards; par 70
2006 champion: Geoff Ogilvy

"The United States Open Championship is the annual men's open golf tournament of the United States. It is staged by the United States Golf Association each June, scheduled such that the final round is always played on the 3rd Sunday of that month (Father's Day). It is one of the four major championships in men's golf and is on the official schedule of both the PGA Tour and the European Tour."

"The U.S. Open is open to any professional, or to any amateur with an up-to-date USGA Handicap Index not exceeding 1.4. Players may obtain a place by being fully exempt or by competing successfully in Qualifying. The field is 156 players."

"Oakmont remains perhaps the most difficult course in North America, with 180 deep bunkers (personified by the Church Pews), hard and slick greens that slope away from the player, and tight fairways requiring the utmost precision. Oakmont was the site of “the greatest round of the 20th century”: Johnny Miller’s final round 63 at the 1973 U.S. Open. Golf Digest ranks Oakmont #5 in its most recent version of America’s Top 100 courses."

View the course Hole by Hole HERE.

"Surprisingly -- considering his shocking loss in the 1962 U.S. Open -- Arnold Palmer loves the place, and he enjoys his honorary membership. During the summers, when he's home in nearby Latrobe, Pa., it isn't unusual for Palmer to drive down for the day and play the course. Last July, teeing off with Ford, he hit his drive on the first hole and received an ovation from the members in the clubhouse and at the swimming pool. Palmer gave the admirers his best presidential wave and thumbs-up sign, and then turned to Ford. "Bob," Palmer said, "that's what keeps me going."


Historical Notes
On Oct. 4, 1895, the first U.S. Open Championship was conducted by the United States Golf Association on the nine-hole course of Newport (R.I.) Golf and Country Club.

Round For The Ages: Miller's U.S. Open Victory
Revisited 30 Years Later

"It arguably was one of the greatest final rounds ever in a major championship. Nobody had ever shot a 63 in the final round of a major prior to 1973 and certainly nobody figured to do it at Oakmont. But the stage had been set two days earlier when unheralded club pro Gene Borek shot a course-record 65, thanks to rains that softened the greens. Johnny Miller then upstaged that performance with a sizzling 8-under-par round on Sunday to win the championship by a stroke over John Schlee."

"Players from world number one Tiger Woods on have been calling Oakmont one of the toughest course they ever played and view the eight-under 63 Miller shot with wonder."

"Seventy-three was just a dream round. I'm out there with Tiger and I'm out with different players and they go, 'how the heck did you shoot 63?'

Labels: Arnold Palmer, Johnny Miller, Oakmont CC, Professional Golf, Tiger Woods, U S Open, USGA

Labels: Father's Day