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  • May 15, 2008 at 9:20 PM #12749
    HLS
    Participant

    Possible opportunity for some…..

    http://www.bloomberg.com/apps/news?pid=20601109&sid=acNLJ7FGT15U&refer=home

    `Buy Cheap, Sell Fast’

    Much cheaper than making offers on short sales..

    Gives a new definition to “WORTH”

    And “homeowners” an idea of what their house is really worth to a lender…

    Meanwhile, millions of others have a false sense of security about what their stucco box is “worth” and should make them realize that the amount that many are indebted for is beyond insane……

    May 16, 2008 at 9:04 AM #205748
    EconProf
    Participant

    BobS
    This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.

    May 16, 2008 at 9:04 AM #205885
    EconProf
    Participant

    BobS
    This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.

    May 16, 2008 at 9:04 AM #205801
    EconProf
    Participant

    BobS
    This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.

    May 16, 2008 at 9:04 AM #205828
    EconProf
    Participant

    BobS
    This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.

    May 16, 2008 at 9:04 AM #205852
    EconProf
    Participant

    BobS
    This guy is performing a worthwhile service by helping the market to correct to its true value. Will hasten the necessary flushing out of the system so that people who should never have become owners will again become renters and will live within their monthly income.

    May 16, 2008 at 9:40 AM #205900
    cv2
    Participant

    Hi HLS,

    Where can I find the list of loans from servicers as mentioned in the story? Can anybody bid on those loans?

    Since you are in these kind of business, if you start a company doing this, I would be interested in participating.

    May 16, 2008 at 9:40 AM #205928
    cv2
    Participant

    Hi HLS,

    Where can I find the list of loans from servicers as mentioned in the story? Can anybody bid on those loans?

    Since you are in these kind of business, if you start a company doing this, I would be interested in participating.

    May 16, 2008 at 9:40 AM #205872
    cv2
    Participant

    Hi HLS,

    Where can I find the list of loans from servicers as mentioned in the story? Can anybody bid on those loans?

    Since you are in these kind of business, if you start a company doing this, I would be interested in participating.

    May 16, 2008 at 9:40 AM #205846
    cv2
    Participant

    Hi HLS,

    Where can I find the list of loans from servicers as mentioned in the story? Can anybody bid on those loans?

    Since you are in these kind of business, if you start a company doing this, I would be interested in participating.

    May 16, 2008 at 9:40 AM #205793
    cv2
    Participant

    Hi HLS,

    Where can I find the list of loans from servicers as mentioned in the story? Can anybody bid on those loans?

    Since you are in these kind of business, if you start a company doing this, I would be interested in participating.

    May 16, 2008 at 9:56 AM #205866
    HLS
    Participant

    Quite frankly,, that’s what I’d like to know too!!

    I have been aware of “bulk purchases” by large institutions that were buying hundreds of loans at a time for lenders to clear their books, but we’re talking into the tens of millions of dollars at a time, and they had to take the good with the bad.

    Before posting this, I had never seen a story on an individual that could pick and choose single loans at anywhere near 20c on the dollar.
    This seems to good to be true…

    Perhaps someone knows this guy around town ??
    Seeme like there would be more than he can handle.

    I would think that calling a lender and saying that I want to buy a few non performing loans for 20c on the dollar would get laughed at BUT what do I know….

    I’d do it in a heartbeat if I knew who to call…

    May 16, 2008 at 9:56 AM #205950
    HLS
    Participant

    Quite frankly,, that’s what I’d like to know too!!

    I have been aware of “bulk purchases” by large institutions that were buying hundreds of loans at a time for lenders to clear their books, but we’re talking into the tens of millions of dollars at a time, and they had to take the good with the bad.

    Before posting this, I had never seen a story on an individual that could pick and choose single loans at anywhere near 20c on the dollar.
    This seems to good to be true…

    Perhaps someone knows this guy around town ??
    Seeme like there would be more than he can handle.

    I would think that calling a lender and saying that I want to buy a few non performing loans for 20c on the dollar would get laughed at BUT what do I know….

    I’d do it in a heartbeat if I knew who to call…

    May 16, 2008 at 9:56 AM #205813
    HLS
    Participant

    Quite frankly,, that’s what I’d like to know too!!

    I have been aware of “bulk purchases” by large institutions that were buying hundreds of loans at a time for lenders to clear their books, but we’re talking into the tens of millions of dollars at a time, and they had to take the good with the bad.

    Before posting this, I had never seen a story on an individual that could pick and choose single loans at anywhere near 20c on the dollar.
    This seems to good to be true…

    Perhaps someone knows this guy around town ??
    Seeme like there would be more than he can handle.

    I would think that calling a lender and saying that I want to buy a few non performing loans for 20c on the dollar would get laughed at BUT what do I know….

    I’d do it in a heartbeat if I knew who to call…

    May 16, 2008 at 9:56 AM #205892
    HLS
    Participant

    Quite frankly,, that’s what I’d like to know too!!

    I have been aware of “bulk purchases” by large institutions that were buying hundreds of loans at a time for lenders to clear their books, but we’re talking into the tens of millions of dollars at a time, and they had to take the good with the bad.

    Before posting this, I had never seen a story on an individual that could pick and choose single loans at anywhere near 20c on the dollar.
    This seems to good to be true…

    Perhaps someone knows this guy around town ??
    Seeme like there would be more than he can handle.

    I would think that calling a lender and saying that I want to buy a few non performing loans for 20c on the dollar would get laughed at BUT what do I know….

    I’d do it in a heartbeat if I knew who to call…

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