Could be some more crow for me

[SD Realtor]

Well I have said in the past that I did not believe the lenders were in the rental business. I just got some email from a client who asked me to check out a property that her daughter is going to be renting out. It turns out that this home is owned by Wells Fargo! Trustee sale was in October! It is a home in Oceanside.

I have asked my client if her daughter is dealing with a property manager.

Could be mas crow para mi.

[nostradamus]

That indirectly answers our other question: are lenders keeping foreclosed homes off the market?

[nostradamus]

That indirectly answers our other question: are lenders keeping foreclosed homes off the market?

[nostradamus]

That indirectly answers our other question: are lenders keeping foreclosed homes off the market?

[nostradamus]

That indirectly answers our other question: are lenders keeping foreclosed homes off the market?

[nostradamus]

That indirectly answers our other question: are lenders keeping foreclosed homes off the market?

[no_such_reality]

It will be interesting if they are working with a property manager that is legally managing properties for Wells.

Frankly, I find that hard to believe. It is possible for the property to be quickly turned from REO to investor.

It’s also incredibly easy for it to be just a fraudster watching the public info rolls for the completion of the NOTs.

[nostradamus]

That’s a good point. One of the many fraud games out there is a fake owner renting out a vacant home.

[nostradamus]

That’s a good point. One of the many fraud games out there is a fake owner renting out a vacant home.

[nostradamus]

That’s a good point. One of the many fraud games out there is a fake owner renting out a vacant home.

[nostradamus]

That’s a good point. One of the many fraud games out there is a fake owner renting out a vacant home.

[nostradamus]

That’s a good point. One of the many fraud games out there is a fake owner renting out a vacant home.

[no_such_reality]

It will be interesting if they are working with a property manager that is legally managing properties for Wells.

Frankly, I find that hard to believe. It is possible for the property to be quickly turned from REO to investor.

It’s also incredibly easy for it to be just a fraudster watching the public info rolls for the completion of the NOTs.

[no_such_reality]

It will be interesting if they are working with a property manager that is legally managing properties for Wells.

Frankly, I find that hard to believe. It is possible for the property to be quickly turned from REO to investor.

It’s also incredibly easy for it to be just a fraudster watching the public info rolls for the completion of the NOTs.

[no_such_reality]

It will be interesting if they are working with a property manager that is legally managing properties for Wells.

Frankly, I find that hard to believe. It is possible for the property to be quickly turned from REO to investor.

It’s also incredibly easy for it to be just a fraudster watching the public info rolls for the completion of the NOTs.

[no_such_reality]

It will be interesting if they are working with a property manager that is legally managing properties for Wells.

Frankly, I find that hard to believe. It is possible for the property to be quickly turned from REO to investor.

It’s also incredibly easy for it to be just a fraudster watching the public info rolls for the completion of the NOTs.

[gn]

SD Realtor,

If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

[SD Realtor]

Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

SD Realtor

[SD Realtor]

Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

SD Realtor

[SD Realtor]

Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

SD Realtor

[SD Realtor]

Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

SD Realtor

[SD Realtor]

Sorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.

SD Realtor

[gn]

SD Realtor,

If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

[gn]

SD Realtor,

If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

[gn]

SD Realtor,

If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

[gn]

SD Realtor,

If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.

So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.

[bob007]

thanks for the clarification

In selected neighborhoods why don’t banks rent out the homes ?

[SD Realtor]

This is only a guess…There could be many many reasons.

1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

3 – Sometimes, being a landlord can be a pain in the ass.

There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

SD Realtor

[SD Realtor]

This is only a guess…There could be many many reasons.

1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

3 – Sometimes, being a landlord can be a pain in the ass.

There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

SD Realtor

[SD Realtor]

This is only a guess…There could be many many reasons.

1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

3 – Sometimes, being a landlord can be a pain in the ass.

There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

SD Realtor

[SD Realtor]

This is only a guess…There could be many many reasons.

1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

3 – Sometimes, being a landlord can be a pain in the ass.

There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

SD Realtor

[SD Realtor]

This is only a guess…There could be many many reasons.

1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.

2 – Becoming a landlord also means incurring liability. In some cases substantial liability.

3 – Sometimes, being a landlord can be a pain in the ass.

There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.

SD Realtor

[bob007]

thanks for the clarification

In selected neighborhoods why don’t banks rent out the homes ?

[bob007]

thanks for the clarification

In selected neighborhoods why don’t banks rent out the homes ?

[bob007]

thanks for the clarification

In selected neighborhoods why don’t banks rent out the homes ?

[bob007]

thanks for the clarification

In selected neighborhoods why don’t banks rent out the homes ?

[Author]

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