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June 17, 2009 at 2:10 PM #417557June 17, 2009 at 3:48 PM #416876
IONEGARM
Participant[quote=pabloesqobar]
On the other hand, some folks have a lot of time on their hands and get some kind of malicious glee by exposing random people who got in over their heads during this real estate run-up.
[/quote]Well, I don’t mind those people blowing off steam. They are the ones living within their means and having to pay for these peoples mistakes.
Being mad at people who “got in over their heads” is a natural reaction. Many didn’t, many are renting, many bought less house, many moved out of state. The “victims” of the housing bubble simply were greedy. They could be ignorant too, but they all were greedy in some way.
For the OP friend, nobody in CA should have a house purchased over 20 yrs being foreclosed on.
Newspapers love to point out the grandma being thrown out onto the street but routinely ignore the hundreds of thousands of dollars they bilked the banks and will never pay back. Yet if you point that out you are a heartless bastard instead of them being the stupid criminal.
June 17, 2009 at 3:48 PM #417112Participant[quote=pabloesqobar]
On the other hand, some folks have a lot of time on their hands and get some kind of malicious glee by exposing random people who got in over their heads during this real estate run-up.
[/quote]Well, I don’t mind those people blowing off steam. They are the ones living within their means and having to pay for these peoples mistakes.
Being mad at people who “got in over their heads” is a natural reaction. Many didn’t, many are renting, many bought less house, many moved out of state. The “victims” of the housing bubble simply were greedy. They could be ignorant too, but they all were greedy in some way.
For the OP friend, nobody in CA should have a house purchased over 20 yrs being foreclosed on.
Newspapers love to point out the grandma being thrown out onto the street but routinely ignore the hundreds of thousands of dollars they bilked the banks and will never pay back. Yet if you point that out you are a heartless bastard instead of them being the stupid criminal.
June 17, 2009 at 3:48 PM #417374Participant[quote=pabloesqobar]
On the other hand, some folks have a lot of time on their hands and get some kind of malicious glee by exposing random people who got in over their heads during this real estate run-up.
[/quote]Well, I don’t mind those people blowing off steam. They are the ones living within their means and having to pay for these peoples mistakes.
Being mad at people who “got in over their heads” is a natural reaction. Many didn’t, many are renting, many bought less house, many moved out of state. The “victims” of the housing bubble simply were greedy. They could be ignorant too, but they all were greedy in some way.
For the OP friend, nobody in CA should have a house purchased over 20 yrs being foreclosed on.
Newspapers love to point out the grandma being thrown out onto the street but routinely ignore the hundreds of thousands of dollars they bilked the banks and will never pay back. Yet if you point that out you are a heartless bastard instead of them being the stupid criminal.
June 17, 2009 at 3:48 PM #417442Participant[quote=pabloesqobar]
On the other hand, some folks have a lot of time on their hands and get some kind of malicious glee by exposing random people who got in over their heads during this real estate run-up.
[/quote]Well, I don’t mind those people blowing off steam. They are the ones living within their means and having to pay for these peoples mistakes.
Being mad at people who “got in over their heads” is a natural reaction. Many didn’t, many are renting, many bought less house, many moved out of state. The “victims” of the housing bubble simply were greedy. They could be ignorant too, but they all were greedy in some way.
For the OP friend, nobody in CA should have a house purchased over 20 yrs being foreclosed on.
Newspapers love to point out the grandma being thrown out onto the street but routinely ignore the hundreds of thousands of dollars they bilked the banks and will never pay back. Yet if you point that out you are a heartless bastard instead of them being the stupid criminal.
June 17, 2009 at 3:48 PM #417602Participant[quote=pabloesqobar]
On the other hand, some folks have a lot of time on their hands and get some kind of malicious glee by exposing random people who got in over their heads during this real estate run-up.
[/quote]Well, I don’t mind those people blowing off steam. They are the ones living within their means and having to pay for these peoples mistakes.
Being mad at people who “got in over their heads” is a natural reaction. Many didn’t, many are renting, many bought less house, many moved out of state. The “victims” of the housing bubble simply were greedy. They could be ignorant too, but they all were greedy in some way.
For the OP friend, nobody in CA should have a house purchased over 20 yrs being foreclosed on.
Newspapers love to point out the grandma being thrown out onto the street but routinely ignore the hundreds of thousands of dollars they bilked the banks and will never pay back. Yet if you point that out you are a heartless bastard instead of them being the stupid criminal.
June 17, 2009 at 4:41 PM #416941briansd1
Guest[quote=pabloesqobar]…. exposing random people who got in over their heads during this real estate run-up.
[/quote]not totally random people….
1) prominent Realtors who told us that prices always go up.2) Buyers in area who vociferously claimed to have hit lifetime opportunities when they bought.
Think about it, if we lived in a wholesome town in early America where everybody had “good” values and everyone attended the two churches in town, then everyone would know everyone’s business.
The foundation of real estate ownership in America is based upon public records without which there can be no protection of property rights.
Not only is it in your own interest to know the neighbors in your building or on your street, but it’s also your civic duty to know who owns what in your neighborhood so that a stranger cannot come in and perpetrate fraud.
If I’m interested in buying in an area, wouldn’t it be smart of me to look into the public property records of the neighborhood?
In co-op buildings (mostly in NYC), the board reviews the financial statements of potential buyers before they are allowed to buy.
The public records are there for the community to peruse. We’d have a better society if people spent time knowing their government and community rather than watching TV.
Trust but verify.
June 17, 2009 at 4:41 PM #417177Guest[quote=pabloesqobar]…. exposing random people who got in over their heads during this real estate run-up.
[/quote]not totally random people….
1) prominent Realtors who told us that prices always go up.2) Buyers in area who vociferously claimed to have hit lifetime opportunities when they bought.
Think about it, if we lived in a wholesome town in early America where everybody had “good” values and everyone attended the two churches in town, then everyone would know everyone’s business.
The foundation of real estate ownership in America is based upon public records without which there can be no protection of property rights.
Not only is it in your own interest to know the neighbors in your building or on your street, but it’s also your civic duty to know who owns what in your neighborhood so that a stranger cannot come in and perpetrate fraud.
If I’m interested in buying in an area, wouldn’t it be smart of me to look into the public property records of the neighborhood?
In co-op buildings (mostly in NYC), the board reviews the financial statements of potential buyers before they are allowed to buy.
The public records are there for the community to peruse. We’d have a better society if people spent time knowing their government and community rather than watching TV.
Trust but verify.
June 17, 2009 at 4:41 PM #417439Guest[quote=pabloesqobar]…. exposing random people who got in over their heads during this real estate run-up.
[/quote]not totally random people….
1) prominent Realtors who told us that prices always go up.2) Buyers in area who vociferously claimed to have hit lifetime opportunities when they bought.
Think about it, if we lived in a wholesome town in early America where everybody had “good” values and everyone attended the two churches in town, then everyone would know everyone’s business.
The foundation of real estate ownership in America is based upon public records without which there can be no protection of property rights.
Not only is it in your own interest to know the neighbors in your building or on your street, but it’s also your civic duty to know who owns what in your neighborhood so that a stranger cannot come in and perpetrate fraud.
If I’m interested in buying in an area, wouldn’t it be smart of me to look into the public property records of the neighborhood?
In co-op buildings (mostly in NYC), the board reviews the financial statements of potential buyers before they are allowed to buy.
The public records are there for the community to peruse. We’d have a better society if people spent time knowing their government and community rather than watching TV.
Trust but verify.
June 17, 2009 at 4:41 PM #417505Guest[quote=pabloesqobar]…. exposing random people who got in over their heads during this real estate run-up.
[/quote]not totally random people….
1) prominent Realtors who told us that prices always go up.2) Buyers in area who vociferously claimed to have hit lifetime opportunities when they bought.
Think about it, if we lived in a wholesome town in early America where everybody had “good” values and everyone attended the two churches in town, then everyone would know everyone’s business.
The foundation of real estate ownership in America is based upon public records without which there can be no protection of property rights.
Not only is it in your own interest to know the neighbors in your building or on your street, but it’s also your civic duty to know who owns what in your neighborhood so that a stranger cannot come in and perpetrate fraud.
If I’m interested in buying in an area, wouldn’t it be smart of me to look into the public property records of the neighborhood?
In co-op buildings (mostly in NYC), the board reviews the financial statements of potential buyers before they are allowed to buy.
The public records are there for the community to peruse. We’d have a better society if people spent time knowing their government and community rather than watching TV.
Trust but verify.
June 17, 2009 at 4:41 PM #417667Guest[quote=pabloesqobar]…. exposing random people who got in over their heads during this real estate run-up.
[/quote]not totally random people….
1) prominent Realtors who told us that prices always go up.2) Buyers in area who vociferously claimed to have hit lifetime opportunities when they bought.
Think about it, if we lived in a wholesome town in early America where everybody had “good” values and everyone attended the two churches in town, then everyone would know everyone’s business.
The foundation of real estate ownership in America is based upon public records without which there can be no protection of property rights.
Not only is it in your own interest to know the neighbors in your building or on your street, but it’s also your civic duty to know who owns what in your neighborhood so that a stranger cannot come in and perpetrate fraud.
If I’m interested in buying in an area, wouldn’t it be smart of me to look into the public property records of the neighborhood?
In co-op buildings (mostly in NYC), the board reviews the financial statements of potential buyers before they are allowed to buy.
The public records are there for the community to peruse. We’d have a better society if people spent time knowing their government and community rather than watching TV.
Trust but verify.
June 17, 2009 at 9:30 PM #416990jimg111
ParticipantGMAC will file an eviction against the previous owners to vacate the property, this will take at least 60 days, 90 days for tenants, so depending on when the the trustee sale was then they have time. Did anyone show up yet to offer cash for keys? That is the first step from the bank’s playbook. If you don’t want to play then they proceed to evict but even then the 5 day notice is posted before the sheriff shows up. Just did one today where we got the asset after the sale in February and the tenants stayed until yesterday and we took possession this morning.
June 17, 2009 at 9:30 PM #417227ParticipantGMAC will file an eviction against the previous owners to vacate the property, this will take at least 60 days, 90 days for tenants, so depending on when the the trustee sale was then they have time. Did anyone show up yet to offer cash for keys? That is the first step from the bank’s playbook. If you don’t want to play then they proceed to evict but even then the 5 day notice is posted before the sheriff shows up. Just did one today where we got the asset after the sale in February and the tenants stayed until yesterday and we took possession this morning.
June 17, 2009 at 9:30 PM #417489ParticipantGMAC will file an eviction against the previous owners to vacate the property, this will take at least 60 days, 90 days for tenants, so depending on when the the trustee sale was then they have time. Did anyone show up yet to offer cash for keys? That is the first step from the bank’s playbook. If you don’t want to play then they proceed to evict but even then the 5 day notice is posted before the sheriff shows up. Just did one today where we got the asset after the sale in February and the tenants stayed until yesterday and we took possession this morning.
June 17, 2009 at 9:30 PM #417555ParticipantGMAC will file an eviction against the previous owners to vacate the property, this will take at least 60 days, 90 days for tenants, so depending on when the the trustee sale was then they have time. Did anyone show up yet to offer cash for keys? That is the first step from the bank’s playbook. If you don’t want to play then they proceed to evict but even then the 5 day notice is posted before the sheriff shows up. Just did one today where we got the asset after the sale in February and the tenants stayed until yesterday and we took possession this morning.
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