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  • This topic has 5 replies, 2 voices, and was last updated 18 years ago by j.
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  • December 9, 2007 at 8:45 AM #11143
    csr_sd
    Participant

    Hey everybody,

    According to ward hannigans site there were only about 500 foreclosures in november. Is this a result of the number of days available to file or the fires or something else?

    thoughts?

    cheers,

    csr_sd

    December 9, 2007 at 7:11 PM #112518
    j
    Participant

    As a runner that passes a lot of homes, I can tell you they are not selling. Meaning a repo is not generating any cash, so I believe the banks are hoping something form the government. Their hope will be crushed the next time a large bank needs cash like Countrywide and CitiGroup did. I believe that another loan from a foreign bank at a rate above 10% will make them realize that rates are going above 10% in the next 18 months. If “home owners” can’t make the payment at 7% interest how is 11%-12% going to work. The Fed needs to protect the dollar.

    December 9, 2007 at 7:11 PM #112638
    j
    Participant

    As a runner that passes a lot of homes, I can tell you they are not selling. Meaning a repo is not generating any cash, so I believe the banks are hoping something form the government. Their hope will be crushed the next time a large bank needs cash like Countrywide and CitiGroup did. I believe that another loan from a foreign bank at a rate above 10% will make them realize that rates are going above 10% in the next 18 months. If “home owners” can’t make the payment at 7% interest how is 11%-12% going to work. The Fed needs to protect the dollar.

    December 9, 2007 at 7:11 PM #112678
    j
    Participant

    As a runner that passes a lot of homes, I can tell you they are not selling. Meaning a repo is not generating any cash, so I believe the banks are hoping something form the government. Their hope will be crushed the next time a large bank needs cash like Countrywide and CitiGroup did. I believe that another loan from a foreign bank at a rate above 10% will make them realize that rates are going above 10% in the next 18 months. If “home owners” can’t make the payment at 7% interest how is 11%-12% going to work. The Fed needs to protect the dollar.

    December 9, 2007 at 7:11 PM #112684
    j
    Participant

    As a runner that passes a lot of homes, I can tell you they are not selling. Meaning a repo is not generating any cash, so I believe the banks are hoping something form the government. Their hope will be crushed the next time a large bank needs cash like Countrywide and CitiGroup did. I believe that another loan from a foreign bank at a rate above 10% will make them realize that rates are going above 10% in the next 18 months. If “home owners” can’t make the payment at 7% interest how is 11%-12% going to work. The Fed needs to protect the dollar.

    December 9, 2007 at 7:11 PM #112718
    j
    Participant

    As a runner that passes a lot of homes, I can tell you they are not selling. Meaning a repo is not generating any cash, so I believe the banks are hoping something form the government. Their hope will be crushed the next time a large bank needs cash like Countrywide and CitiGroup did. I believe that another loan from a foreign bank at a rate above 10% will make them realize that rates are going above 10% in the next 18 months. If “home owners” can’t make the payment at 7% interest how is 11%-12% going to work. The Fed needs to protect the dollar.

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