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  • February 10, 2010 at 9:28 PM #17024
    outtamojo
    Participant

    Citi to let distressed homeowners stay for 6 mos.
    http://finance.yahoo.com/news/Citi-to-let-distressed-apf-1953174036.html?x=0&sec=topStories&pos=1&asset=&ccode=

    February 10, 2010 at 9:31 PM #511903
    briansd1
    Guest

    outtamojo, isn’t that what you want?

    It keeps the houses off the market — for a while.

    Buyers don’t see the shadow inventory and buy thus helping to “stabilize” the market — for a very short time.

    February 10, 2010 at 9:31 PM #512049
    briansd1
    Guest

    outtamojo, isn’t that what you want?

    It keeps the houses off the market — for a while.

    Buyers don’t see the shadow inventory and buy thus helping to “stabilize” the market — for a very short time.

    February 10, 2010 at 9:31 PM #512466
    briansd1
    Guest

    outtamojo, isn’t that what you want?

    It keeps the houses off the market — for a while.

    Buyers don’t see the shadow inventory and buy thus helping to “stabilize” the market — for a very short time.

    February 10, 2010 at 9:31 PM #512558
    briansd1
    Guest

    outtamojo, isn’t that what you want?

    It keeps the houses off the market — for a while.

    Buyers don’t see the shadow inventory and buy thus helping to “stabilize” the market — for a very short time.

    February 10, 2010 at 9:31 PM #512809
    briansd1
    Guest

    outtamojo, isn’t that what you want?

    It keeps the houses off the market — for a while.

    Buyers don’t see the shadow inventory and buy thus helping to “stabilize” the market — for a very short time.

    February 10, 2010 at 9:37 PM #511908
    outtamojo
    Participant

    [quote=briansd1]outtamojo, isn’t that what you want?

    [/quote]

    ROFLMAO. Whatever gave you that idea?

    February 10, 2010 at 9:37 PM #512054
    outtamojo
    Participant

    [quote=briansd1]outtamojo, isn’t that what you want?

    [/quote]

    ROFLMAO. Whatever gave you that idea?

    February 10, 2010 at 9:37 PM #512471
    outtamojo
    Participant

    [quote=briansd1]outtamojo, isn’t that what you want?

    [/quote]

    ROFLMAO. Whatever gave you that idea?

    February 10, 2010 at 9:37 PM #512563
    outtamojo
    Participant

    [quote=briansd1]outtamojo, isn’t that what you want?

    [/quote]

    ROFLMAO. Whatever gave you that idea?

    February 10, 2010 at 9:37 PM #512814
    outtamojo
    Participant

    [quote=briansd1]outtamojo, isn’t that what you want?

    [/quote]

    ROFLMAO. Whatever gave you that idea?

    February 11, 2010 at 8:15 AM #511972
    jpinpb
    Participant

    if they turn over the deed to their property.

    So the bank takes possession after six months, bypassing the expensive foreclosure process, basically. I can see other banks doing this, too. So we are kicking the can another six months, but in the end, the bank’s still going to end up listing the place for sale and/or rent it out. Maybe that’ll be the new business for banks. Landlords for however many years until the market turns around. It’s either that, or a whole lot of inventory finally making its way to market.

    February 11, 2010 at 8:15 AM #512120
    jpinpb
    Participant

    if they turn over the deed to their property.

    So the bank takes possession after six months, bypassing the expensive foreclosure process, basically. I can see other banks doing this, too. So we are kicking the can another six months, but in the end, the bank’s still going to end up listing the place for sale and/or rent it out. Maybe that’ll be the new business for banks. Landlords for however many years until the market turns around. It’s either that, or a whole lot of inventory finally making its way to market.

    February 11, 2010 at 8:15 AM #512535
    jpinpb
    Participant

    if they turn over the deed to their property.

    So the bank takes possession after six months, bypassing the expensive foreclosure process, basically. I can see other banks doing this, too. So we are kicking the can another six months, but in the end, the bank’s still going to end up listing the place for sale and/or rent it out. Maybe that’ll be the new business for banks. Landlords for however many years until the market turns around. It’s either that, or a whole lot of inventory finally making its way to market.

    February 11, 2010 at 8:15 AM #512627
    jpinpb
    Participant

    if they turn over the deed to their property.

    So the bank takes possession after six months, bypassing the expensive foreclosure process, basically. I can see other banks doing this, too. So we are kicking the can another six months, but in the end, the bank’s still going to end up listing the place for sale and/or rent it out. Maybe that’ll be the new business for banks. Landlords for however many years until the market turns around. It’s either that, or a whole lot of inventory finally making its way to market.

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