Sunday, May 20, 2007

Edmund Ford,From Rags To Riches


Last year we found that City Councilman Edmund Ford credit would not allow him to purchase a Cadillac, so developer Rusty Hyneman made sure that the councilman was able to ride in style. Doing that revelation the fact that Ford had filed bankruptcy several times came forth, which makes it hard for one to understand how he was able to secure a $750,000 loan to purchase the property which his business is located.

Dennis Churchwell who is under investigation by the FBI for his alleged act of giving Ford free rent in exchange for Ford using his political influence to get zoning for a junk yard that he owns across the street from Ford's funeral home accepted the bid of $750,000 from long time Ford associate Charles Monger of Supreme Lending Group.

How did Ford's credit all of a sudden become good enough to borrow $750,000? If he was struggling just two months ago to come up with $16,000 to pay MLGW,what has changed his financial status so soon? Churchwell states that there was no other bidders on the property that he states is worth $1.4 million so he was glad to receive the offer of $750,000 of which he should receive on Wednesday.

I'm sorry but I don't think that a deal has taken place at all. Here's what I believe happened. Churchwell is under the gun from the FBI for bragging to developer Willie nelson that Ford has never paid him any rent because he was able to use Ford to use his political influence to do him a favor. When this fact went public first on this site and then from other media sources, Churchwell needed a way to either be able to prove that Ford had payed him rent,or get rid of the property.

I think that Ford who did not know just two weeks ago that the property was up for auction cut a deal with Churchwell to keep his mouth closed about their arrangements if Churchwell turned the property over to him. So a auction takes place and no one bids on the property including Nelson who gave earnest money on last year to purchase the property. Ford has a personal friend in the mortgage loan business to tell Churchwell that he will purchase the property for $750,000. With both knowing that an exchange of funds or title will not change hands. This is just a ploy to throw the FBI off.

Maybe I'm wrong but with Ford's credit history I just find it hard to believe that a loan company would lend him $750,000. If you can't purchase a car worth maybe 25-$30,000, how do you purchase property for $750,000? But I will be monitoring to see if the property changes hands later this week.


Charles Monger also has this business listed to the same address as Supreme lending group:

Charles Monger Charter West Mortgage Company LLC
3516 Horn Lake Rd
Memphis, TN 38109

(901) 789-7880

62 comments:

Anonymous said...

You hit it right on the head...

Anonymous said...

Makes no sense at all...

Why? Because Ed's going to jail. His son claims he wants his father's see. If the dumbass wins it, then who the fuck will run the funeral home when Ed get carted off to the pokey?

Dumbass...

Anonymous said...

Thad how can ford afford a $750,000 when he's having to spend thousands for attorny fees? Your spin makes one wonder also check this out

Bankruptcies (3) | Top

Details Date NameType Name Address City State
View 02/25/98 Primary Ford Sr, Edmund H 917 Summer Shade Ln Memphis TN
View 03/31/99 Primary Ford Sr, Edmund H 917 Summer Shade Ln Memphis TN
View 07/16/97 Primary Ford Sr, Edmund H 917 Summer Shade Ln Memphis TN



FED Warrants (1) | Top

Details Date NameType Name Address City State
View 04/30/04 Primary FORD, EDMUND 1880 WINCHESTER RD Memphis TN



Foreclosures (1) | Top

Details Date NameType Name Address City State
View 03/09/99 Primary Ford, Edmund H 917 Summershade Lane Memphis TN

Anonymous said...

$750,000 loan

Anonymous said...

AWWWWWWW, leave the undertaker alone! He said the funeral home was not his it was...GOD'S!

He keeps telling you people to .."LEAVE ME ALONE!"

Anonymous said...

Didn't Ed tell you that he was, "a child of God" So he got the money from his "father" who is RICH IN HOUSES AND LAND!

Anonymous said...

Thad when are you going to tell about Ed's Bastard child from the young girl that use to work for him that lives in Mississippi?

Anonymous said...

If there has been any crime here it is from the loan originator. Its called predatory lending.

What happens in six months when Ford defaults on the loan? The loan originator takes a $1.5 million dollar pc of property for 750K and it comes with no strings attached.

Memphis spy said...

Anon 11:45

Why don't you give us the 411 on the new little Ed Ford. You seem to have all the sordid details!

Will Ed be joining, Willie, John, and the King of Child Support himself, Thad, at 616 Adams!

How does Ms Ed Ford feel about her husband's new Heir?

Anonymous said...

Thaddeus, who's the rapid-fire poster here? Block his ass from disrupting (or padding?) your blog. It's gets old reading over his trash to get to a post.

Anonymous said...

I'll tell you how he got his loan.....his name is FORD. They still got the juice.

Anonymous said...

These idiots just do not get it. They know the feds are watching. I think they have done wrong for so long that they think it's right.

Anonymous said...

WRONG, wrong, wrong!!! Take a mortgage class. A car does not appreciate! The criteria is different for car loans as opposed to real property, especially for a business. No smoking gun here. Just the folks who took business 101 are finally putting what they learned into practice. Stop shotin from the hip - and stick to the facts. If he got the loan just be happy that another brother can stay in business. Who cares about Dennis the Menace. Ford, go celebrate your SUB-PRIME LOAN with some good deep fried chicken wings.

Anonymous said...

Oh baloney. Mortgage loans are different but when your credit history is as f'd up as Ford's I find it hard to believe he could even qualify for a Everything's a Dollar credit card much less a 750,000 loan. Try again Fo'd defender.

Anonymous said...

If there has been any crime here it is from the loan originator. Its called predatory lending.

What happens in six months when Ford defaults on the loan? The loan originator takes a $1.5 million dollar pc of property for 750K and it comes with no strings attached.

11:46 PM

True. Very true. Edmundjust wrotea check his butt can't cash.

Anonymous said...

Baby, Ford has something you probably don't. Collateral! The bank will own him and his business if he defaults! That's is something Churchwell did not have.

Ford is not stupid. He knew about the plan the sell the property a long time ago. This was a done deal before this blog was ever posted! Ha Ha to you!

Anonymous said...

I agree for once with Thad there is something wrong with this deal. Two weeks ago Churchwell was speaking badly about Ford now he's just a guy who sometimes late paying his rent.I also believe that this is a plot to throw off the FBI. Thad let us know if the property changes hands this week and whose name is on the deed of trust,which is public info,but I guess you already know that.

i smell a rat said...

This is the guy that found Ford $750,000,Damn it seems he needs some money himself.

Bankruptcy: Record Details
Case No: 05-38717
Chapter: 7
Date Filed: 10/15/2005
Petitioner 1: Charles Maurice Monger Sr.
Address: 3516 Horn Lake Rd
memphis Tn 38109-8235
Attorney: Flordia M. Henderson

I smell a rat said...

Charles Monger can find $750,000 for Edmund Ford,but can't find money to buy himself a house. The house he lives in where he operates his business is rental property. Thad I smell a rat on this deal.

Property Location and Owner Information
Parcel ID: 075074 00062
Property Address: 3516 HORN LAKE
Municipal Jurisdiction: MEMPHIS
Neighborhood Number: 00801B02
Land Square Footage: 11238
Acres: 0.2580
Lot Dimensions:
Subdivision Name: WESTVIEW MANOR
Subdivision Lot Number: 0 12
Plat Book and Page:
Number of Improvements: 1
Owner Name: DICKERSON LIZZIE M P
In Care Of:
Owner Address: 5315 SOLITAIRE WAY
Owner City/State/Zip: MEMPHIS, TN 38109 6391
2007 Appraisal and Assessment Information
Class: RESIDENTIAL
Land Appraisal: $ 8,000
Building Appraisal: $ 66,600
Total Appraisal: $ 74,600

Total Assessment: $ 18,650

Greenbelt Land: $ 0
Homesite Land: $ 0
Homesite Building: $ 0
Greenbelt Appraisal: $ 0
Greenbelt Assessment: $ 0

Click Here for 2006 Values
View: GIS PARCEL MAP



Dwelling Construction Information
Stories: 1.0
Exterior Walls: BRICK VENEER
Land Use: - SINGLE FAMILY
Year Built: 1969
Total Rooms: 7
Bedrooms: 3
Bathrooms: 2
Half Baths: 0
Basement Type: NONE
Heat: CENTRAL HEAT AS
Fuel: NOT APPLICABLE
Heating System: NOT APPLICABLE

Fireplace Masonry: 1
Fireplace Pre-Fab: 0

Ground Floor Area: 1702
Total Living Area: 1702

Car Parking: CARPORT

Anonymous said...

Damn, now the FBI has something else to look at

Anonymous said...

Nothing wrong with this deal. One thing we as black folks always miss. Green does not discriminate. They will call us every word in the book but as soon as we pull out that GW - we be best buddies!

Anonymous said...

6:10, who has said anything about a car?

Thad said, "Churchwell states that there was no other bidders on the property that he states is worth $1.4 million so he was glad to receive the offer of $750,000 of which he should receive on Wednesday"

The lien holder will double his money when Ford either goes to jail or defaults on the loan, unless of course he flips the property.

Anonymous said...

7:37:

THAD SAID:

Last year we found that City Councilman Edmund Ford credit would not allow him to purchase a CADILLAC, so developer Rusty Hyneman made sure that the councilman was able to ride in style. Doing that revelation the fact that Ford had filed bankruptcy several times came forth, which makes it hard for one to understand how he was able to secure a $750,000 loan to purchase the property which his business is located.

....Maybe I'm wrong but with Ford's credit history I just find it hard to believe that a loan company would lend him $750,000. If you can't purchase a car worth maybe 25-$30,000, how do you purchase property for $750,000? But I will be monitoring to see if the property changes hands later this week.

Anonymous said...

Just keep in mind that you can review deeds of trust on the internet. Sometimes the site is screwed up due to bad coding by these phonies that Herenton allows servicve contracts, but Thad can go to the county office, review the records and keep us informed.

Anonymous said...

Good for Charlie, he knows how to play the game. When black folks defraud and take kickbacks - they will buy a $3.2M dollar house on $30k income and claim it was the Lord's blessing. Then they wonder why they get indicted.

On the other hand white folks will live in a hut in front of you - but then they visit their $3.2M dollar home and make sure the their name is not on the deed until the time is right!

We go out with a greasy looking jeri curl, diamond cuffs and talk a whole lot of trash, buy a big car and ride around town thinking we are SHAFT reincarnated.

If Charlie is into some mess - he should have a low profile. I am not saying what is going on is right. Really, the only folks that know what is going on are the parties involved. White folks have been doing this for years. They work together! Economically, we could move forward a lot faster - and I mean the legal way if we just stopped tearing each other down.

I hope Ford buys the building and keeps it. I hope his business prospers. I hope the city of Memphis will prosper! Ford has enough on his hands dealing with white folks – let alone folks from his own community. Regardless of how you feel about him - he is a black man working a business, which is more than most of you can say on this blog.

Anonymous said...

Doesn't Charles Monger live in a $600,000 home near the golf coarse in southeast Memphis that is in his wife's name? Good bankruptcy protection.

Anonymous said...

8:35,

Ford's a corrupt thief ... pure & simple (literally) a thief.

You, mah man, are exemplifying exactly why memfrica is doomed. Making this thief one of yo "folk heroes".

Disgusting reasoning, is yours.

Anonymous said...

8:35 say:

"Ford has enough on his hands dealing with white folks"
==================

I suppose 8:35 is talking about the FBI. ... Low IQ scumbag loser.

Anonymous said...

An Act of Domestic Terrorism in Tennessee


Christian Broadcasting Network
Stakelbeck on Terror

Erick Stakelbeck
CBN News Terrorism Analyst

STAKELBECK ON TERROR

An Act of Domestic Terrorism in Tennessee
CBN News
May 17, 2007

Here at Stakelbeck on Terror, we're usually up to our ears with new jihadist activities to report. Some days, however, are slower than others (which, if you think about it, is probably a good thing). This is one of those days. Which is why I've decided to blog about a non-radical Islam/Middle East related topic for the first time in a long time.

I do think, however, that given the barbaric, senseless nature of the crime I'm about to describe, it can certainly be classified as an act of terrorism. I'll admit that when I first heard about it a month or so back, I couldn't get it out of my head. I still can't. And with our good friend Michelle Malkin turning in a powerful video blog on the topic yesterday at Hot Air TV, I figured the time was right to tell you the horrific details of the rape, torture, mutilation and murder of two Tennessee college students, 23-year-old Christopher Newsom and 21-year-old Channon Christian.

I'll wager that between the incessant media coverage of the Anna Nicole Smith trial and Paris Hilton's jail sentence, you probably haven't heard about the unspeakably heinous murders of Newsom and Christian. Below are some of the gruesome details, courtesy of Flopping Aces. The two victims were white. The five perpetrators were black. Rest assured that if this scenario were reversed--if the victims were, say, black, Hispanic, or Middle Eastern and the killers white--this story would have been front page news in every major paper and the lead on every network newscast. Somber-faced anchors and commentators would remind us daily about America's deep-seated intolerance and bigotry towards racial and religous minorities. As it stands, Newsom's and Christian's story--which sounds like something straight out of a horror movie--has been told solely on the blogs and in local media outlets.

Why?

Warning: these details are graphic:


On Saturday January 6, 2007 Hugh Christopher Newsom, age 23 and Channon Gail Christian, age 21, both students at the University of Tennessee went out on a date.

They were driving in Channon’s Toyota 4-Runner when they were carjacked at gunpoint. Suddenly the crime turned far more savage than an armed car theft. Chris and Channon were kidnapped and driven to 2316 Chipman Street where they were forced into the home at gunpoint. While Channon was forced to watch, her boyfriend was raped prison style and then his penis was cut off. He was later driven to nearby railroad tracks where he was shot and set afire.

But Channon’s hell was just beginning. She was beaten; gang raped repeatedly in many ways, had one of her breasts cut off and bleach poured down her throat to destroy DNA evidence—all while she was still alive. To add to Channon’s degradation the suspects took turns urinating on her. They too set her body afire, apparently inside the residence, but for some reason left her body there—in five separate trash bags.


As mentioned above, the five attackers were African American, the victims white. Does this not qualify for at least consideration as a hate crime? We may never know the killers' motivations--but given the circumstances, isn't it quite possible that race was a factor? Where are Al Sharpton and Jesse Jackson? Where are the angry marches, the op-eds, the sanctimonious media appearances, and the national hand-wringing over race relations that we saw from these two and other race baiters in the wake of the Don Imus controversy and the Duke non-rape scandal? Talk about a double standard. Wouldn't Sharpton and Jackson gain legitimacy (which, for Jackson, went out the window long ago; Sharpton never had any) if they spoke out against injustices towards people of all races, not just their own? After all, evil is evil , no matter what color it comes in.

For instance, the three white savages who murdered and dragged James Byrd, a black man, behind a truck in 1998 richly deserved the national outrage and media coverage that followed. Which brings up a point: where the heck is the mainstream media in the Christian/Newsom case? It obviously has all of the sensational, horrifying details that should make it a fixture on the nighttime cable news circuit. Alas, it apparently doesn't have the same "juiciness" for media liberals as the standard white oppressor/minority victim story. Hence, silence.

There's a troubling pattern here. Around the same time the unhinged Michael Richards of Seinfeld fame let loose with his racist rant, an equally damaging racial attack occurred in Long Beach, California. In April, as the Duke rape controversy was hitting full stride, an actual rape--jaw-dropping in its brutality--took place at New York's Columbia University. In both cases, the victims were white and the perpetrators black. Why does this matter? In an ideal world, it wouldn't. We would simply identify these barbaric acts for what they are and prosecute the perpetrators to the fullest extent of the law.

But in today's ultra-politically correct atmosphere, the spectre of perceived racial injustice is always just beneath the surface. Racism still exists in America--among all races. So when something as unspeakably evil as the Newsom/Christian murders occurs, the story needs to be told honestly and openly, without fear of offending aggrieved groups. That's the only way we'll get anywhere on race in this country. By the way, the maddening politically correct mindset that applies to reporting on crime is an absolute albatross in the war against radical Islam as well.

This morning, a Knox County judge set trial dates for the suspects in the Newsom/Christian murders. You have to love the below description by Knoxville's WVLT TV, a prime example of the ultra-PC mindset I'm talking about:


Since the murders were first reported, several white supremacist and racially focused groups have accused both prosecutors and media of covering up what they see as a racially motivated crime, planning to hold rallies this spring and early summer.


In other words, if you dare question whether this was a racially motivated crime, you must be a slack-jawed Klansman--not an everyday concerned citizen with no axe to grind other than a desire to see justice served. Well, tell that to the families of Christopher Newsom and Channon Christian. And tell it to the growing number of bloggers who are beginning to call attention to this awful case.

Anonymous said...

Teen Arrested in Burger King Stabbing
Last Update: May 21, 2007 10:39 AM

Posted By: Adrienne Phillips




Police have arrested 16 year-old Kendrick Culp for stabbing his ex-girlfriend and her manager at the Burger King at 8535 Highway 64.
Culp is charged with two counts of aggravated assault and one count of assault-bodily harm. Memphis Police say Culp went to the restaurant pretending to be a family member to coax his ex-girlfriend outside. When the girl went outside, police say Culp confronted her then stabbed her. Her manager was stabbed also when he tried to help.

Both victims were taken to the Med; they were treated and released. Culp was arrested at his home Saturday and taken to 201 Poplar.

Anonymous said...

11:47 - You are so right! Where is the outrage for Christopher and Channon? I am upset that this is not in the mainstream media. I read this story and it made me sick. I felt the same way when I read the story about a white pastor was raping and killing black women up north years ago. I felt the same way when I read that OJ was kicked out of that restaurant. This crime has nothing to do with race - it is about humanity. If those men are guilty - they should get the death penalty. Mind you - history does repeat itself. You know that old saying, "what goes around, comes around."

Anonymous said...

It is not any of your business how Ed is getting the loan.

Have you ever heard of FAVOR?

FAVOR is not fair.

Anonymous said...

Black people like to shake their asses.

Anonymous said...

Politicians are a sorry lot. Some on the Memphis City Council wanted to send a direct check as a refund to make some voters think they had a Christmas in July.

State legislatures wanted big time money to parcel to their district. Where would Ophelia store $300,000.00 worth of embalming fluid for help in burials and wake receptions?
And at a time when the Federal Government is running out of highway money.

Anonymous said...

"Why? Because Ed's going to jail. His son claims he wants his father's see."

People in hell want ice water. What has Edmund Ford, son of the indicted and ranting city councilman done to deserve even his own vote?

Anonymous said...

"The lien holder will double his money when Ford either goes to jail or defaults on the loan, unless of course he flips the property."

If that property had an real value, there would have been other bidders. Maybe the lonely $750,000 bid was no more than a lien holder protecting his/her interest.

Some of you will buy into anything. Maybe that's why the votes have gone to all these crooks. An owner trying to dump ghetto real estate and claiming it's worth 1.5 million, then smiling and happy to settle for half. With that kind of thinking, I guess, Herenton has a good chance for being mayor again. Same for Ophelia.

Anonymous said...

2:08, that is what I thought to, however, check out the Shelby County assessor's site and low and behold:

2007 Appraisal and Assessment Information
Class: COMMERCIAL
Land Appraisal: $ 594,100
Building Appraisal: $ 287,600
Total Appraisal: $ 881,700

Total Assessment: $ 352,680

Greenbelt Land: $ 0
Homesite Land: $ 0
Homesite Building: $ 0
Greenbelt Appraisal: $ 0
Greenbelt Assessment: $ 0

Parcel ID: 078001 00046


The lien holder does stand to make a tidy profit if Ford defaults. It appraises at almost 900K and I am sure a real estate agent will get more than that for it.

Ric Ricland said...

You messed up on the title.

It should have been:

Edmund Ford -- From Rags to Riches to Rags.

ricland

Anonymous said...

Anonymous said...
Crime Ridden Street In Hizzhonor's Very Own South Memphis


Old Gwen Wilson complaining about no summer program; this programs are easy to start, first get a couple of brooms and begin by sweeping out your nasty house. Then get some soap and water and start washing the place down. Do this every day until about 2:00pm. Then assembly every kid in the neighborhood and march to the nearest library.... Quit fucking complain about summmer program. Make your own programs.

Anonymous said...

See that's how you white people created your black monsters. You wanted to keep them down with welfare so now all they know is welfare.

Anonymous said...

2:34,

>>>BUZZER<<

W_R_O_N_G_ A_N_S_W_E_R!


No one ever wanted anyone on welfare, you idiot. That costs a lot of money for us taxpayers.

Anonymous said...

Anonymous said...
2:34,

Dumb shit, welfare is for anyone who needs help - black and white. The problem is the black man saw it as a way to return back to his old habits of hunting dear faces and bear asses while his old lady worked her fingers to the bone-just like good old Africa.

Anonymous said...

oh okay, I see now. The black man is a pimp by nature. and white men are little dingding corny ass mofos by nature.

Ruining it for me said...

Welcome to the new Thaddeus Matthews Crime Reporting Blog, where you can see every crime committed by non whites. I know you've already seen them on TV and read them in the paper, but at this blog they get forced down your throat again.

Anonymous said...

FYI- white people are angels and don't commit crimes or do any wrong. hell even Jesus is white.

Will said...

Thaddeus,

Great post. Most conspiracy theories are too wacky or unlikely to be true.

I can't wait to see your post after the property doesn't (or does) change hands.

rodney king said...

can't we all jus get along?

Anonymous said...

"Doesn't Charles Monger live in a $600,000 home near the golf coarse in southeast Memphis that is in his wife's name? Good bankruptcy protection."

No, that's Dennis Churchwell who lives with his wife, Lynley S. Churchwell on Players Parkway in a $672,700 house, according to the county assessment.

Anonymous said...

Thad , Havent you filed more BK than Ed Ford and you live next door to the police director?
What kind of deals have you cut?

Anonymous said...

The white memphrica guy's mom is a
spunk drunk slut that loves negros 4 and five at a time. His mom dated a negro that would slap him in front of his white friends and call him a sissy. He loves Amdrew Clark but Clark just uses his mom
for kicks.

Anonymous said...

8:58? Who are you talking about?

Anonymous said...

John Coyote

Anonymous said...

9:07
I was referring to the cretin that constantly uses the term 'Mempfrica" in his blogs.
He is a pinhead and mom gargles jizz from mostly black guys and ocassionally dogs.

Anonymous said...

Whatever anybody wants to say about Ed Ford they need to include that he is one FINE brother! He has gorgeous hair and a beautiful skin color. I am glad that Mr. Monger is buying the building and allowing Ed to keep his business at the same address because he is an extra-ordinary embalmer. Ed deserves a chance like anybody else and he is a hard-working honest businessman.

Anonymous said...

Anonymous 10:58 PM said:

"He is a pinhead and mom gargles jizz from mostly black guys and ocassionally dogs."
=====================

Both cases of bestiality. I agree, disgusting!

Anonymous said...

Wanna know why crime is out of control in memfrica? Read the story and watch the video, your question will be answered!

Accused Rapist Arrested After Victim Spots Him At Home

May 21, 2007 10:30 PM
Posted By: Sarah Buduson

Apathy in Action
Memphis police arrest an accused rapist! They say 30 year-old Tyrone Sayles beat and raped a woman near his North Memphis neighborhood on May 10th. He was arrested Saturday night after his victim spotted him standing in front of his house on Ayers Street and called police. On Monday, Sayles was being held at the Shelby County Jail on $100,000 bond.
Police say Sayles tied up, choked, beaten, and anally raped a woman in a field near his North Memphis home on Ayers Street. Police say the rape happened as the victim was leaving a friend’s gathering.

83 year-old Winnie Legrone has lived in the North Memphis area for more than 30 years. She was disturbed by news of the rape. She says, “It's dirty. That's all I can tell you. It's lowdown.”

However, she doesn’t believe she can change her crime ridden neighborhood. When Eyewitness News asked why she doesn’t join together with her neighbors and complain to city officials, Legrone said, “No, I don't care nothing about getting together trying to do this. We can't control this.” Wayne Johnson grew up in the neighborhood around Ayers Street. He says it is time for people in the area to start speaking out about crime. He told us, “You can’t just a keep a closed mouth. A closed mouth don’t get fed.”

However, Eyewitness News found many neighbors who agree more with Legrone than Johnson. Several people say they are upset about the rape, but are too scared to speak out. Other neighbors say the attack doesn’t bother them at all.

Neighbors in the Chickasaw Gardens area had a far different reaction to a rape in their area. They banded together, complained to the mayor, and plan to go to Nashville to push legislators to pass tougher crime laws.

Peace activist Stevie Moore lost his son to violence. He says every community should react the same way the people of Chickasaw Gardens did. Moore says, “I was glad to see citizens organize from Chickasaw Gardens, but my problem is I don't see it in our neighborhoods, the black neighborhoods, I don't see us get this upset about crime in our neighborhood, and I don't think we can really attack the problem until we rally and come together.”

i smell a rat said...

Charles Monger may be doing a friend a favor, But it's not his money that he's giving. The money is coming from a finance company my question is how with the kind of credit that Ford has did he qualify for a $750,000 LOAN?

Anonymous said...

"Charles Monger may be doing a friend a favor, But it's not his money that he's giving. The money is coming from a finance company my question is how with the kind of credit that Ford has did he qualify for a $750,000 LOAN?"

It has been my experience that if you expect to bid at a real estate auction, you had better have a letter of credit from the bank or a cashier's check as down payment.

Did Monger have either of the above? The entire transaction seems a little weird to me. Monger shows up late, makes the only bid and it's for a piece of real estate the owner says is worth 1.5 million. At 5 1/2% with a bank CD you would reap more money with a safer investment and fewer expenses than $7,000 a month in rent. So, it's rental return stinks if it's worth 1.5 million. Just a lot of bull, I say.

Anonymous said...

I think it is very funny to hear and see Dennis when he said "When I get that green in my hands, the monkey will be off my back". What a trash monkey; I bet your momma is proud to see that you turned out to be the equivalent of a "carnival barker".

Dennis looked like he was about to cry before he got the bid from Grady off of Sanford and son. He said "I can't beleive that no one wants to help me get out of all this mess". When you get your fingers in shit, before long you have it all over you just trying to get that first little bit off. Dennis stuck those viennas in a bucket of it and now he's trying to find a wall to rub em' down. It couldn't have happened to a better person. Ol' Big Money Sonny wants to walk the walk and talk the talk but now that the feds are involved he wants to play Mr. Victim of Circumstance. Ol' PeePaw, Santa Clause, Mr. Nice Guy, Ol' Warm and Fuzzy.....Bunch of Bullshit if you ask me. I want my Dog Back Fat Boy.

Anonymous said...

LOL! The best jokes are on this blog.

Anonymous said...

Atlas Shrugged

"The moochers are those who demand others' earnings because they claim to be needy and unable to earn themselves. Even as they beg for their help, however, they curse the people who make that help possible, because they hate the talented for having the talent they don't possess. Although the moochers seem benign at first glance, they are portrayed as more destructive than the looters—they destroy the productive through guilt and often motivate the legal looting performed by governments."

Anonymous said...

To: Atlas shrugged,

I bet you are a blast at home. You are a modern day Socrates; I bet the ladies love it; in the 1930's and 40's.......