In a New York minute

"If you had anything on the ball, you could make it happen in Vegas," said real estate agent Donna Marie Gold, 62, who built a $4.5 million fortune buying and selling properties over six years.

After failing to complete a single sale last year, Gold said she fell $22,000 short each month on payments needed to maintain 14 properties. Now two to four months behind on some mortgage payments, she's lost access to a $250,000 Wells Fargo & Co. equity credit line.

"The whole thing was upside down in a New York minute," Gold said. "There needs to be some forgiveness in this climate with regards to credit and rebuilding one's credit."

Gee, I can't imagine why nobody will extend her a quarter-million dollar loan.

UPDATE: I think I've found the problem. Donna is trying to rent a 2-bedroom condo for $5100 when there are 2-bedroom condos in the same building for $1200 and $1950 on craigslist. And look at the eloquent prose with which she describes her Palmilla rental:
What's the theme of this page? Do you have a list of customer testimonials or reference information that you'd like to share with your visitors? News or unique details about your business that don't seem quite right for your other pages? Click to add your page's main content here.

No comments:

CalPERS Fail

Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%. CalPERS has mi...