[quote=pri_dk]. . . You are trying drag your personal spat with sdr into this thread. I’m quite certain most don’t want that (except perhaps for the comedy value that your posts provide once you get started…)[/quote]
pri_dk, your comment is ludicrous since I am presumably on sdr’s “ignore list,” lol. As it should be.
On occasion, I find the often sugar-coated BS that sdr puts out mildly entertaining. Of course, his “well-employed” clients (with cleaner sewers than the rest of us) have “nuanced” reasons for not paying their bills when they are so “well-positioned” to pay them. That is, after they’ve already extracted their downpayments and then some from their property (rendering it underwater thru their own actions). When that is successfully accomplished, a passel of “realtors” (such as sdr) show up at their door (invited) and save the day with a SS proposition! Realtors, new lenders and all other affiliated svc cos are the only persons making money off these “pea-brains” and the defaulted-upon lenders often go along with the program.
I totally blame the lenders for not foreclosing. The “pea-brains” and their “realtors” are simply “working the system” for their own enrichment until the lenders get wise to it and foreclose en masse.
Every Pigg has to admit that NONE of these lenders are “over a barrel.” In CA, they had the option to foreclose at the 111th day or 141st day of original default and they have that option now. Instead, they let the trustor squat and the debt grow month by month until it is insurmountable for all parties.
The above scenario is absolutely disgusting to honest homeowners who had a lot of “equity” until the opportunists were allowed to take over the direction of the market (in most markets) created mass undervaluation.
The problem affects millions of homeowners across the board, even those who own their properties free and clear.
