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March 31, 2011 at 3:08 PM #683090March 31, 2011 at 3:08 PM #682274
Scarlett
ParticipantYes, this IS a very good sign. It’s interesting because I also heard very recently from some IT person working for one of the major banks (I believe it was BOA) that “they” are now making a last ditch effort at loan mod before putting them on the market either as short sale, or foreclosures. This person didn’t know details so I thought it was just a rumor…
March 31, 2011 at 3:08 PM #682328ParticipantYes, this IS a very good sign. It’s interesting because I also heard very recently from some IT person working for one of the major banks (I believe it was BOA) that “they” are now making a last ditch effort at loan mod before putting them on the market either as short sale, or foreclosures. This person didn’t know details so I thought it was just a rumor…
March 31, 2011 at 3:08 PM #682948ParticipantYes, this IS a very good sign. It’s interesting because I also heard very recently from some IT person working for one of the major banks (I believe it was BOA) that “they” are now making a last ditch effort at loan mod before putting them on the market either as short sale, or foreclosures. This person didn’t know details so I thought it was just a rumor…
March 31, 2011 at 3:08 PM #683444ParticipantYes, this IS a very good sign. It’s interesting because I also heard very recently from some IT person working for one of the major banks (I believe it was BOA) that “they” are now making a last ditch effort at loan mod before putting them on the market either as short sale, or foreclosures. This person didn’t know details so I thought it was just a rumor…
March 31, 2011 at 3:31 PM #683095UCGal
ParticipantI agree this is good news for the market overall.
But the folks this is happening too… were they current on their trial loan mod? It would kind of suck for them if they played by the rules for 2.5 years and still had the bank yank the cord.
Not saying they’re victims… they borrowed more than they could afford, apparently, (based on them being approved for loan mod.)
March 31, 2011 at 3:31 PM #682953ParticipantI agree this is good news for the market overall.
But the folks this is happening too… were they current on their trial loan mod? It would kind of suck for them if they played by the rules for 2.5 years and still had the bank yank the cord.
Not saying they’re victims… they borrowed more than they could afford, apparently, (based on them being approved for loan mod.)
March 31, 2011 at 3:31 PM #683449ParticipantI agree this is good news for the market overall.
But the folks this is happening too… were they current on their trial loan mod? It would kind of suck for them if they played by the rules for 2.5 years and still had the bank yank the cord.
Not saying they’re victims… they borrowed more than they could afford, apparently, (based on them being approved for loan mod.)
March 31, 2011 at 3:31 PM #682333ParticipantI agree this is good news for the market overall.
But the folks this is happening too… were they current on their trial loan mod? It would kind of suck for them if they played by the rules for 2.5 years and still had the bank yank the cord.
Not saying they’re victims… they borrowed more than they could afford, apparently, (based on them being approved for loan mod.)
March 31, 2011 at 3:31 PM #682279ParticipantI agree this is good news for the market overall.
But the folks this is happening too… were they current on their trial loan mod? It would kind of suck for them if they played by the rules for 2.5 years and still had the bank yank the cord.
Not saying they’re victims… they borrowed more than they could afford, apparently, (based on them being approved for loan mod.)
March 31, 2011 at 3:42 PM #683459sdrealtor
ParticipantDont know but the loan was up to nearly $1M. You’d need a pretty big income to qualify for that these days. Its unlikely they would have enough equity to sell and cover all costs anytime soon. Its enough already. Time for folks like that to see the writing on the wall and move on. They wont be destitute.
March 31, 2011 at 3:42 PM #683105ParticipantDont know but the loan was up to nearly $1M. You’d need a pretty big income to qualify for that these days. Its unlikely they would have enough equity to sell and cover all costs anytime soon. Its enough already. Time for folks like that to see the writing on the wall and move on. They wont be destitute.
March 31, 2011 at 3:42 PM #682343ParticipantDont know but the loan was up to nearly $1M. You’d need a pretty big income to qualify for that these days. Its unlikely they would have enough equity to sell and cover all costs anytime soon. Its enough already. Time for folks like that to see the writing on the wall and move on. They wont be destitute.
March 31, 2011 at 3:42 PM #682964ParticipantDont know but the loan was up to nearly $1M. You’d need a pretty big income to qualify for that these days. Its unlikely they would have enough equity to sell and cover all costs anytime soon. Its enough already. Time for folks like that to see the writing on the wall and move on. They wont be destitute.
March 31, 2011 at 3:42 PM #682289ParticipantDont know but the loan was up to nearly $1M. You’d need a pretty big income to qualify for that these days. Its unlikely they would have enough equity to sell and cover all costs anytime soon. Its enough already. Time for folks like that to see the writing on the wall and move on. They wont be destitute.
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