[Adam in CO]

I'm sorry, I fell out of my chair, hit my head, and have been unconscious for some time. It appears that we're actually having logical dialogue on the Elcova site.

I think that fraudulent lending, or even irresponsible lending (brokers, lenders, title companies, everyone) has led a major piece of the foreclosure market in the US. I see a few clients from time to time that have been victimized and stuck two or three or even five years later when someone finally tells them to call me. In fact, I am testifying Monday to the Colorado House Business Affairs Commitee with a client who was defrauded by the broker, lender and title company on his transaction. You would not believe how many people allowed this type of predatroy lending to go on. With a senior citizen, no less. It ended up costing him his house, his borrowing power, and a ton of dough. Senate Bill 249 focuses on a very blanket-like regulation over most involved parties. The state has also been very big on appraisal fraud and the FBI has opened a separate mortgage fraud office in Denver.

Denver, however, is also truly struggling with a real estate depression. The real estate in this metropolitan area has been very predictable to big public works projects. Our last great boom was when they announced our big highway development project with commuter trains called T-Rex. It has been completed and fully operational since November. Before that we build this great, big, shiny new airport to the tune of seventy-ga-jillion dollars or something ridiculous. It is a beatiful facility, and the real esate was HOT.

All we need is for someone to build us a fancy new something, and we're golden!