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	<title>underwater-mortgage-markets &amp;laquo; WordPress.com Tag Feed</title>
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	<pubDate>Fri, 24 May 2013 03:21:56 +0000</pubDate>

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<title><![CDATA[Gunfight in the "Not OK Corral?"]]></title>
<link>http://wardlucas.wordpress.com/2012/02/27/gunfight-in-the-not-ok-corral/</link>
<pubDate>Mon, 27 Feb 2012 05:23:55 +0000</pubDate>
<dc:creator>Ward Lucas</dc:creator>
<guid>http://wardlucas.wordpress.com/2012/02/27/gunfight-in-the-not-ok-corral/</guid>
<description><![CDATA[Some desperate homeowners in the underwater mortgage markets of California, Nevada and Florida may b]]></description>
<content:encoded><![CDATA[<p>Some desperate homeowners in the underwater mortgage markets of California, Nevada and Florida may be turning to a garish, and undoubtedly illegal way of keeping up with the mortgage. They&#8217;re allowing their homes to be turned into giant billboards.</p>
<p>Reuters News Service is reporting on a family in Buena Park, California who permitted a marketing firm to convert its home into a giant &#8220;Brainiacs From Mars&#8221; billboard. Some neighbors are furious, even to the point of threatening gunfire. Others are looking at their own underwater mortgages and wondering if they should take a second look at accepting a second stream of income.</p>
<p>The marketing firm says it has about 38,000 applications from eager homeowners around the country. The campaign will generate lots of publicity for &#8220;Brainiacs,&#8221; but it&#8217;ll be a rare billboard that stands for more than a month.</p>
<p>Although homeowners have been promised up to a year&#8217;s worth of mortgage payments, city codes and HOA covenants will soon come crashing down on advertising that doesn&#8217;t conform to local laws.</p>
<p><a href="http://on.fb.me/oPVjSv"><strong>Ward Lucas</strong></a><br />
Author of<br />
<a href="http://www.neighborsatwar.com/"><strong>Neighbors At War: The Creepy Case Against Your Homeowners Association</strong></a></p>
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