Foreclosure freeze conspiracy theory

[sdduuuude]

[quote=sdrealtor]… it could take as long as 10 years to get through this, that they will keep at it as they have been doing to work through all properties (what we refer to as shadow inventory) and that there will be no foreclosure tsunami.

My prediction for the RE is unchanged. We are in for a long period of stagnant/stable prices. No big ups or big downs.[/quote]

This makes alot of sense to me, but a less-volatile supply side suggests that we keep a more watchful eye on the demand side as an indicator of future direction.

Unemployment, health of small businesses, interest rates, loan availability, stock market (assuming people keep the money they save for a down payment in the market) and a few other things factor into this.

[permabear]

Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.

[permabear]

Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.

[permabear]

Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.

[permabear]

Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.

[permabear]

Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.

[scaredyclassic]

It seems insane that banks would purposefully want to be viewed as incompetent to haltforeclosuure proceedings they initiated.

[scaredyclassic]

It seems insane that banks would purposefully want to be viewed as incompetent to haltforeclosuure proceedings they initiated.

[scaredyclassic]

It seems insane that banks would purposefully want to be viewed as incompetent to haltforeclosuure proceedings they initiated.

[scaredyclassic]

It seems insane that banks would purposefully want to be viewed as incompetent to haltforeclosuure proceedings they initiated.

[scaredyclassic]

It seems insane that banks would purposefully want to be viewed as incompetent to haltforeclosuure proceedings they initiated.

[CA renter]

[quote=permabear]Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.[/quote]

Yep. Every time it looks like things might finally be getting back to normal (pre-bubble prices), a wrench is thrown in the works. Extend and pretend, at all costs.

[CA renter]

[quote=permabear]Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.[/quote]

Yep. Every time it looks like things might finally be getting back to normal (pre-bubble prices), a wrench is thrown in the works. Extend and pretend, at all costs.

[CA renter]

[quote=permabear]Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.[/quote]

Yep. Every time it looks like things might finally be getting back to normal (pre-bubble prices), a wrench is thrown in the works. Extend and pretend, at all costs.

[CA renter]

[quote=permabear]Back on the original topic, it definitely sounds like the banks themselves have thrown the game.

Related to the “Wells will dump soon” thread, it’s the GSE’s that are supposedly cracking down on delinquent loans:

http://www.dsnews.com/articles/wells-fargo-puts-stop-to-short-sale-extensions-2010-10-01
http://www.dsnews.com/articles/fannie-mae-says-foreclosure-delays-represent-breach-by-servicer-2010-09-02

This would mean an end to the 2+ year squatters that have become the norm – an end to “extend and pretend”. Banks would have to write down losses.

But how to stop this? Call the entire foreclosure process itself into question.[/quote]

Yep. Every time it looks like things might finally be getting back to normal (pre-bubble prices), a wrench is thrown in the works. Extend and pretend, at all costs.

[Author]

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