[quote=bearishgurl][quote=jpinpb]Just a reminder that people are still living in their homes and not paying. Talked to my realtor friend living in his house in PB the other day. Officially 24 months of not paying a dime. Still no NOD or foreclosure. He’s had a little extra money every month for the past 2 years.[/quote]
Lol, jp … it seems your “realtor friend,” hasn’t been doing too well professionally lately. Or is this a “strategic default?” Hopefully, he’s saving something for a “rainy day” because I DO believe lenders are (or will be soon, if they haven’t begun already) lining up for the “CA non-judicial foreclosure train.” A very long one is ju-u-u-ust about to leave the station. Mostly with “Big Bank freight and baggage” cars on it.
I’m sure he’ll be able to “rent” (in SD [but NOT PB]) the near future with his “sterling credit” and won’t have to post a large deposit or last-months rent first, lol. Oh, well . . . not to worry. He can always move into his parent(s)’ spare back bedroom . . . that is, if they’re still around . . . :={
There’s no “free lunch” in this life . . . only delayed karma.[/quote]
The realtor friend might have shot credit, but his/her spouse (if he/she has one) might not….So getting rental might not be such a problem…At least that’s not what people tried to pull on me recently
