A cardboard box with an iPhone picture can get bookings in peak season.

Countrywide's name, meanwhile, will disappear.Kenneth Lewis, Bank of America's chief executive, is no stranger to big mergers, having spent $48 billion for FleetBoston Financial Corp, $34.6 billion for credit card issuer MBNA Corp and $21 billion last October for LaSalle Bank Corp.Yet Countrywide might be his riskiest purchase, given the difficulty of valuing the loans on its books and the uncertain levels of credit and litigation losses the second-largest U.S. bank might ultimately face.

Then took all glass, paper, cardboard, magazines, etc to recycle.

Part of the buyer process is for the buyer to get a "title commitment" from the title policy issuer. 

I could see the issuer perceiving the risk of giving the HELOC out on a non-mortgaged property would be less than giving it to someone who has a mortgage already and thus additional potential repayment risk,  but maybe this isn't so.Any thoughts on that @Robert Sepulveda?

The issuer will buy its own bonds on the open market to satisfy its sinking fund requirement if the bonds are trading below Par.

This is helpful when your personal credit is unfavorable - it gives you a second chance to obtain funding, credit, etc. even if your personal finances are challenged.That said, of course, trade line issuers, lenders and credit card companies prefer to see companies in business at least two years.

On a typical property in my market which is between the $400k to $500k range I typically will have professional photography, a color 4 page flyer on heavy stock cardboard like paper, a minimum of one open house, and as many as three depending on the time of year.  

Both only go to 75% LTV per Frannie/Freddie Mac rules, but one of them was a cash out, with a slightly higher rate (4.75% for the cash out, 4.5% for the purchase).The issue really is there is not much of a market now for the banks or brokers to sell the loans to.  

Instead, cities will just claim to have “unrecorded” liens on a property and refuse to issue real estate transfer stamps until the liens are cured.Here in Illinois, no title company will insure a property without the necessary city real estate transfer stamps being issued.