- This topic has 24 replies, 10 voices, and was last updated 18 years, 2 months ago by
Coronita.
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October 11, 2007 at 8:21 PM #10580October 11, 2007 at 8:43 PM #88266
NotCranky
ParticipantI met one of these bank inspectors last week when taking my kids to a park located across the street from a just foreclosed house he was looking at. He was pretty nervous, with good reasons I suspect.
When I bought my first repo this strange fellow came around and told me to get out of his house(after I had overhauled it). I calmed him down and told him how I came to be the owner. He left and never came back. I was burglarized a couple of times but this was Normal Heights in the early nineties and everybody was getting burglarized or worse.Let’s hope that crime doesn’t come back with a vengeance this time around.October 11, 2007 at 8:43 PM #88271ParticipantI met one of these bank inspectors last week when taking my kids to a park located across the street from a just foreclosed house he was looking at. He was pretty nervous, with good reasons I suspect.
When I bought my first repo this strange fellow came around and told me to get out of his house(after I had overhauled it). I calmed him down and told him how I came to be the owner. He left and never came back. I was burglarized a couple of times but this was Normal Heights in the early nineties and everybody was getting burglarized or worse.Let’s hope that crime doesn’t come back with a vengeance this time around.October 11, 2007 at 8:50 PM #88270kewp
ParticipantThose bastards bankers, lending poor people money.
AT LOW INTEREST RATES AS WELL!!!
/sarcasm off.
RE: Increasing crime. I’m watching the stats like a hawk and I’m getting the F outta dodge if they go up. One mugging is enough.
October 11, 2007 at 8:50 PM #88275ParticipantThose bastards bankers, lending poor people money.
AT LOW INTEREST RATES AS WELL!!!
/sarcasm off.
RE: Increasing crime. I’m watching the stats like a hawk and I’m getting the F outta dodge if they go up. One mugging is enough.
October 11, 2007 at 9:20 PM #88278HLS
ParticipantGoing to be a whole new breed of BOYZ IN DA HOOD.
This is the mentality that the govt wants to save.
It’s not their fault, and it’s their home !!After the damage is done, the lender should say “You’ve been Punk’d” or APRIL FOOLS, it’s really still your house.
You can move back in, and you still owe us $600K….October 11, 2007 at 9:20 PM #88283ParticipantGoing to be a whole new breed of BOYZ IN DA HOOD.
This is the mentality that the govt wants to save.
It’s not their fault, and it’s their home !!After the damage is done, the lender should say “You’ve been Punk’d” or APRIL FOOLS, it’s really still your house.
You can move back in, and you still owe us $600K….October 11, 2007 at 9:49 PM #88282bsrsharma
ParticipantIt seems so strange that the lenders have no effective recourse against Theft/Vandalism even though they hold Title.
I have a puzzle: If the house was a trailer/mobile /manufactured home and the borrower moves away the house, what can the lender do?
October 11, 2007 at 9:49 PM #88288ParticipantIt seems so strange that the lenders have no effective recourse against Theft/Vandalism even though they hold Title.
I have a puzzle: If the house was a trailer/mobile /manufactured home and the borrower moves away the house, what can the lender do?
October 11, 2007 at 9:57 PM #88290ParticipantMajor lender Loans are only done with a permanent foundation, recorded with 403… (with some work, they can still be moved~)
When a manuf isn’t permanently affixed, it isn’t real estate, it’s personal property. (Chattel)
Rates for affixed are about 6.50%.. Those who do lend on them as personal property will charge 15%++
In a day, they can be picked up, packed up and through the border at San Ysidro crossing…headed for coastal views.
Hasta La Vista, Baby.
October 11, 2007 at 9:57 PM #88296ParticipantMajor lender Loans are only done with a permanent foundation, recorded with 403… (with some work, they can still be moved~)
When a manuf isn’t permanently affixed, it isn’t real estate, it’s personal property. (Chattel)
Rates for affixed are about 6.50%.. Those who do lend on them as personal property will charge 15%++
In a day, they can be picked up, packed up and through the border at San Ysidro crossing…headed for coastal views.
Hasta La Vista, Baby.
October 11, 2007 at 10:04 PM #88291cr
ParticipantReally though, we should bail these people out. Afterall, I’m sure that aggression is only a result of being hornswoggled into a loan the former owner didn’t know could go up.
October 11, 2007 at 10:04 PM #88298ParticipantReally though, we should bail these people out. Afterall, I’m sure that aggression is only a result of being hornswoggled into a loan the former owner didn’t know could go up.
October 11, 2007 at 10:04 PM #88293ParticipantBSR,
I hope it is the case that you have not been the victim of a crime lately. I think if you had been or knew somebody who had been, you would know that if three nuns and a live camera from the local news were not on site to witness, not a damn thing is going to be done, even if there are good suspects. Exceptions, maybe murder and definitely bank robbery and shoplifting at Walmart.. Yes this is hyperbole but things are not good with regards to crime fighting and it is reflected in so much incivility in our society.October 11, 2007 at 10:04 PM #88300ParticipantBSR,
I hope it is the case that you have not been the victim of a crime lately. I think if you had been or knew somebody who had been, you would know that if three nuns and a live camera from the local news were not on site to witness, not a damn thing is going to be done, even if there are good suspects. Exceptions, maybe murder and definitely bank robbery and shoplifting at Walmart.. Yes this is hyperbole but things are not good with regards to crime fighting and it is reflected in so much incivility in our society. -
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