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California to See Record Number of Hotel Foreclosures
Atlas Hospitality ^ | 26 June 2009

Posted on 06/27/2009 5:38:17 PM PDT by george76

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To: george76

“Welcome to the Hotel California...”

SORRY WE’RE FORECLOSED!


21 posted on 06/27/2009 6:01:52 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: MAD-AS-HELL

“Are these the “green shoots” that the Buttcrack Administration and other brilliant economists are talking about?”

What the hell are green shoots, some kind of ebonics speak?


22 posted on 06/27/2009 6:03:45 PM PDT by dalereed
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To: george76

bookmark


23 posted on 06/27/2009 6:05:24 PM PDT by GOP Poet
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To: edcoil

Well ok, but when did the state of Washington give Seattle to California?


24 posted on 06/27/2009 6:05:39 PM PDT by HiTech RedNeck (In only 19 weeks, 0 has enabled us to agree with the Taliban [his empty speechifying] - Iron Munro)
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To: dalereed

“green shoots” is the phrase de jour of economists to indicate that economic growth is occuring. Like the green shoots of grass that grow out of the cow crap on the lawn. The thing is that obama spread the crap but never planted any seeds. There are no shoots..just a whole lotta crap!


25 posted on 06/27/2009 6:06:10 PM PDT by MAD-AS-HELL (Hope and Change. Rhetoric embraced by the Insane - Obama, The Chump in Charge)
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To: MAD-AS-HELL

“There are no shoots..just a whole lotta crap!”

Don’t forget the maggots!


26 posted on 06/27/2009 6:07:51 PM PDT by dalereed
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To: Doe Eyes

Default can be of two types: debt services default and technical default. Debt service default occurs when the borrower has not made a scheduled payment of interest or principal. Technical default happens when an affirmative or a negative covenant is violated.

http://en.wikipedia.org/wiki/Default_(finance)

Foreclosure by judicial sale, more commonly known as Judicial Foreclosure... involves the sale of the mortgaged property under the supervision of a court, with the proceeds going first to satisfy the mortgage

http://en.wikipedia.org/wiki/Foreclosure


27 posted on 06/27/2009 6:09:00 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: HiTech RedNeck

Those idiots in Sacto can’t even cut 24 billion from the budget in crisis mode now. With rising unemployment and business downturns this will further decrease the amount of tax revenues to the state and the budget crisis will further turn into an out-of-control monster of their own creation! Maybe this is what’s needed for these tasbards to get a grip!


28 posted on 06/27/2009 6:11:08 PM PDT by tflabo (Truth or Tyranny)
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To: HiTech RedNeck

O, u know, government is selling everything these days.

Here they are contacting companies to buy naming rights to any and everything - everything is up for sale and everyone is being audited by the irs and state to get more money.


29 posted on 06/27/2009 6:13:42 PM PDT by edcoil (If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
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To: EagleUSA
The spend-crazy liberals never think that far ahead.

When people start getting their ginormous utility bills, they'll be stay-cationing right at home. A must take trip eventually, however, will be to the voting booth to vote the scum out of office who agreed to Cap and Trade.

30 posted on 06/27/2009 6:17:37 PM PDT by MamaDearest
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To: Secret Agent Man

Well if that’s the only way to shut down the hotel from hell, so be it.


31 posted on 06/27/2009 6:20:49 PM PDT by HiTech RedNeck (In only 19 weeks, 0 has enabled us to agree with the Taliban [his empty speechifying] - Iron Munro)
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To: tflabo
"Don't stay in Seattle."
Whaaaaaaa???? And miss the Man-Boy nude stone fountain on the Alaskan way?

Forgot about that. Like I said, I don't go into Seattle very often.

For good reason.

32 posted on 06/27/2009 6:21:24 PM PDT by sionnsar (IranAzadi|5yst3m 0wn3d-it's N0t Y0ur5:SONY|Neda Agha-Soltan - murdered by illegitimate government)
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To: max americana
“plush” buses? My GF is from Bellevue, WA and she’s never heard of it. Is that the bus which travels from Vancouver BC to Seattle?

Snohomish county runs some fairly (not greatly) plush buses into Seattle from various places in Snohomish county. MUCH more plush than King County's buses, and they've been running them at least from '93 on. But somebody in Bellevue is not likely to encounter them.

And BTW, Snohomish county is immediately north of King County (Seattle) -- Vancouver BC is an hour or more further north. Not commuting distance except for those who have way too much time to waste.

33 posted on 06/27/2009 6:26:00 PM PDT by sionnsar (IranAzadi|5yst3m 0wn3d-it's N0t Y0ur5:SONY|Neda Agha-Soltan - murdered by illegitimate government)
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To: george76

Thank you for your most information answer.


34 posted on 06/27/2009 6:45:17 PM PDT by Doe Eyes
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To: calcowgirl

California ping


35 posted on 06/27/2009 7:14:13 PM PDT by Clintonfatigued (The McCain/Palin ticket was like a Kangaroo, stronger on the bottom than at the top)
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To: sionnsar

I am booked in the Westin in Sept. $82 plus $18.51 tax.


36 posted on 06/27/2009 7:21:00 PM PDT by razorback-bert (We used to call them astronomical numbers. Now we should call them economical numbers.)
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To: tflabo

Where is it and how have I missed it?


37 posted on 06/27/2009 7:23:33 PM PDT by razorback-bert (We used to call them astronomical numbers. Now we should call them economical numbers.)
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To: george76

Not only is it hotels, but Friday the FDIC closed down five banks. One was liquidated. Two were in California, two in Georgia, and one in New Mexico.


38 posted on 06/27/2009 7:29:07 PM PDT by AceMineral (Offically unapproved of since 1973)
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To: razorback-bert

If somebody can find it, it is a must to post the Google van picture.


39 posted on 06/27/2009 7:33:05 PM PDT by HiTech RedNeck (In only 19 weeks, 0 has enabled us to agree with the Taliban [his empty speechifying] - Iron Munro)
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To: george76

This is a simple fix. Just raise the hotel occupancy tax by 10% to create a special fund for distressed properties.
/s


40 posted on 06/27/2009 7:45:08 PM PDT by Joan Kerrey
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