Here come the foreclosure moratoriums

[peterb]

If I was a betting man, I’d say this tactic is more about the banks not wanting to acknowledge the loss before they absolutely have no other choice. Good luck with that. The market knows they’re screwed. And has been pricing them accordingly. It’s like putting off major surgery. No one want to go, but waiting probably wont make it better. But most people wait because it easier.

[cr]

you may not be too far off.

Most people I believe still expect housing prices to be higher in a year, and back at peak levels in 3 or so.

Banks likely think the same way, and are probably stalling.

Then again, any losses they take just increases the likelihood of a handout from Hanky and Bernanky.

[cr]

you may not be too far off.

Most people I believe still expect housing prices to be higher in a year, and back at peak levels in 3 or so.

Banks likely think the same way, and are probably stalling.

Then again, any losses they take just increases the likelihood of a handout from Hanky and Bernanky.

[cr]

you may not be too far off.

Most people I believe still expect housing prices to be higher in a year, and back at peak levels in 3 or so.

Banks likely think the same way, and are probably stalling.

Then again, any losses they take just increases the likelihood of a handout from Hanky and Bernanky.

[cr]

you may not be too far off.

Most people I believe still expect housing prices to be higher in a year, and back at peak levels in 3 or so.

Banks likely think the same way, and are probably stalling.

Then again, any losses they take just increases the likelihood of a handout from Hanky and Bernanky.

[cr]

you may not be too far off.

Most people I believe still expect housing prices to be higher in a year, and back at peak levels in 3 or so.

Banks likely think the same way, and are probably stalling.

Then again, any losses they take just increases the likelihood of a handout from Hanky and Bernanky.

[CA renter]

FLU,

Love your letters! 🙂

Did you ever hear anything else from them?

I seriously think you need to call them and follow up with this (and said this in the thread you started with this, IIRC). Your points are 100% right-on, and you have every right to claim your stake of bailouts monies flying all around us.

Just wish I had some debt for them to “forgive” or give me a low interest rate. 🙁

p.s..: I know you can pay your mortgage off, and just have it for planning purposes, but at least you have debt that can be used as leverage.

[CA renter]

FLU,

Love your letters! 🙂

Did you ever hear anything else from them?

I seriously think you need to call them and follow up with this (and said this in the thread you started with this, IIRC). Your points are 100% right-on, and you have every right to claim your stake of bailouts monies flying all around us.

Just wish I had some debt for them to “forgive” or give me a low interest rate. 🙁

p.s..: I know you can pay your mortgage off, and just have it for planning purposes, but at least you have debt that can be used as leverage.

[CA renter]

FLU,

Love your letters! 🙂

Did you ever hear anything else from them?

I seriously think you need to call them and follow up with this (and said this in the thread you started with this, IIRC). Your points are 100% right-on, and you have every right to claim your stake of bailouts monies flying all around us.

Just wish I had some debt for them to “forgive” or give me a low interest rate. 🙁

p.s..: I know you can pay your mortgage off, and just have it for planning purposes, but at least you have debt that can be used as leverage.

[CA renter]

FLU,

Love your letters! 🙂

Did you ever hear anything else from them?

I seriously think you need to call them and follow up with this (and said this in the thread you started with this, IIRC). Your points are 100% right-on, and you have every right to claim your stake of bailouts monies flying all around us.

Just wish I had some debt for them to “forgive” or give me a low interest rate. 🙁

p.s..: I know you can pay your mortgage off, and just have it for planning purposes, but at least you have debt that can be used as leverage.

[CA renter]

FLU,

Love your letters! 🙂

Did you ever hear anything else from them?

I seriously think you need to call them and follow up with this (and said this in the thread you started with this, IIRC). Your points are 100% right-on, and you have every right to claim your stake of bailouts monies flying all around us.

Just wish I had some debt for them to “forgive” or give me a low interest rate. 🙁

p.s..: I know you can pay your mortgage off, and just have it for planning purposes, but at least you have debt that can be used as leverage.

[SD Realtor]

You know FLU you keep trying you just might pull it off.

[SD Realtor]

You know FLU you keep trying you just might pull it off.

[SD Realtor]

You know FLU you keep trying you just might pull it off.

[SD Realtor]

You know FLU you keep trying you just might pull it off.

[Author]

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