get_elements_by_tagname("entry"); foreach($entries as $entry) { $story_array[$counter] = new xml_story(); $element = $entry; $titles = $element->get_elements_by_tagname("title"); $title = $titles[0]; $story_array[$counter]->headline = $title->get_content(); $publish = $element->get_elements_by_tagname("published"); $date = $publish[0]; $story_array[$counter]->date = getDateFormat($date->get_content()); $content = $element->get_elements_by_tagname("content"); $description = $content[0]; $story_array[$counter]->description = $description->get_content(); $links = $element->get_elements_by_tagname("link"); $link = $links[0]; $href = $link->get_attribute_node("href"); $story_array[$counter]->href = $href->value(); $counter++; $labels = $element->get_elements_by_tagname("category"); foreach($labels as $label){ $labelTerm = $label->get_attribute_node("term"); $flag = 0; for($x = 0; $x < sizeof($labelArray); $x++){ if($labelArray[$x]['label'] == $labelTerm->value()){ $labelArray[$x]['num']++; $flag = 1; break; } } if($flag == 0){ $tempArray = array(); $tempArray['label'] = $labelTerm->value(); $tempArray['num'] = 1; $labelArray[sizeof($labelArray)] = $tempArray; } } } function getDateFormat($stamp){ $T = strrpos($stamp,"T"); $date = substr($stamp,0,$T); $year = substr($date,0,4); $month = substr($date,5,2); $day = substr($date,8,2); $time = substr($stamp,$T); $hour = substr($time,1,2); $min = substr($time,4,2); $format = "F jS, Y g:ia"; return date($format, mktime($hour, $min, 0, $month, $day, $year)); } ?> Foreclosures - The New Business Model - SHINE TV by Lightship Mutual


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Foreclosures - The New Business Model


CNN/Money is reporting on the enormous "foreclosure bargain-hunting" going on these days. As the massive number of former homeowners continues to grow, many companies are making hay off of an unfortunate national trend.

Auction houses such as Hudson & Marshall and Williams & Williams are currently selling thousands of foreclosed properties--for pennies on the dollar--in nearly every state.

Of course, these regional auction houses will be outdone by the big boys. Where ever there's a national treasure hunt taking place, the Big Search sharks are never far behind. Yahoo and Google (thanks, Jonathan) are circling the sinking homeowner(ship), each recently unveiling shiny new foreclosure search engines. We'll bet you the home-equity value of an interest-only-ARM (which by the way is zero) that MSN and Ask.com aren't far behind.

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Written by Justin S. Parr @ 1:52 PM

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