- This topic has 40 replies, 7 voices, and was last updated 15 years, 7 months ago by
wannabe2077.
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May 16, 2009 at 10:06 AM #400685May 16, 2009 at 10:43 AM #400762
briansd1
Guest[quote=Rt.66]
But what of the massive amounts of homes that the mortgages are not being paid on but the banks have not initiated foreclosure proceedings? Without the banks initiating foreclosure no foreclosure tracking programs will pick it up.[/quote]
The Lottery Inventory…. I like it too. 😉
Not just the houses where that people have stopped making payments on….
But also the houses where owners are running out of staying power. You know, the houses that people bought and said “I don’t care if I’m short $6,000 per year because I can sell it later and make $50,000.” Now they are short $6,000 year after year and mounting.
May 16, 2009 at 10:43 AM #400910Guest[quote=Rt.66]
But what of the massive amounts of homes that the mortgages are not being paid on but the banks have not initiated foreclosure proceedings? Without the banks initiating foreclosure no foreclosure tracking programs will pick it up.[/quote]
The Lottery Inventory…. I like it too. 😉
Not just the houses where that people have stopped making payments on….
But also the houses where owners are running out of staying power. You know, the houses that people bought and said “I don’t care if I’m short $6,000 per year because I can sell it later and make $50,000.” Now they are short $6,000 year after year and mounting.
May 16, 2009 at 10:43 AM #400705Guest[quote=Rt.66]
But what of the massive amounts of homes that the mortgages are not being paid on but the banks have not initiated foreclosure proceedings? Without the banks initiating foreclosure no foreclosure tracking programs will pick it up.[/quote]
The Lottery Inventory…. I like it too. 😉
Not just the houses where that people have stopped making payments on….
But also the houses where owners are running out of staying power. You know, the houses that people bought and said “I don’t care if I’m short $6,000 per year because I can sell it later and make $50,000.” Now they are short $6,000 year after year and mounting.
May 16, 2009 at 10:43 AM #400474Guest[quote=Rt.66]
But what of the massive amounts of homes that the mortgages are not being paid on but the banks have not initiated foreclosure proceedings? Without the banks initiating foreclosure no foreclosure tracking programs will pick it up.[/quote]
The Lottery Inventory…. I like it too. 😉
Not just the houses where that people have stopped making payments on….
But also the houses where owners are running out of staying power. You know, the houses that people bought and said “I don’t care if I’m short $6,000 per year because I can sell it later and make $50,000.” Now they are short $6,000 year after year and mounting.
May 16, 2009 at 10:43 AM #400225Guest[quote=Rt.66]
But what of the massive amounts of homes that the mortgages are not being paid on but the banks have not initiated foreclosure proceedings? Without the banks initiating foreclosure no foreclosure tracking programs will pick it up.[/quote]
The Lottery Inventory…. I like it too. 😉
Not just the houses where that people have stopped making payments on….
But also the houses where owners are running out of staying power. You know, the houses that people bought and said “I don’t care if I’m short $6,000 per year because I can sell it later and make $50,000.” Now they are short $6,000 year after year and mounting.
May 16, 2009 at 7:19 PM #400577LuckyInOC
Participant[quote=Rt.66]”Lottery inventory” I like it!
As in hitting the lotto is the only hope of getting out from under?
LOL [/quote]
I was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.’
Lucky In OC
May 16, 2009 at 7:19 PM #400810Participant[quote=Rt.66]”Lottery inventory” I like it!
As in hitting the lotto is the only hope of getting out from under?
LOL [/quote]
I was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.’
Lucky In OC
May 16, 2009 at 7:19 PM #401017Participant[quote=Rt.66]”Lottery inventory” I like it!
As in hitting the lotto is the only hope of getting out from under?
LOL [/quote]
I was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.’
Lucky In OC
May 16, 2009 at 7:19 PM #400867Participant[quote=Rt.66]”Lottery inventory” I like it!
As in hitting the lotto is the only hope of getting out from under?
LOL [/quote]
I was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.’
Lucky In OC
May 16, 2009 at 7:19 PM #400329Participant[quote=Rt.66]”Lottery inventory” I like it!
As in hitting the lotto is the only hope of getting out from under?
LOL [/quote]
I was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.’
Lucky In OC
May 16, 2009 at 7:52 PM #400582blahblahblah
ParticipantI was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.
And just think of the size of the downpayments they’ll have saved up when they finally do get kicked out. We’ll be competing against these people for homes in a couple of years. And you know the banks will loan them money again…
May 16, 2009 at 7:52 PM #401022ParticipantI was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.
And just think of the size of the downpayments they’ll have saved up when they finally do get kicked out. We’ll be competing against these people for homes in a couple of years. And you know the banks will loan them money again…
May 16, 2009 at 7:52 PM #400815ParticipantI was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.
And just think of the size of the downpayments they’ll have saved up when they finally do get kicked out. We’ll be competing against these people for homes in a couple of years. And you know the banks will loan them money again…
May 16, 2009 at 7:52 PM #400873ParticipantI was referring to ‘now the owners get to stay and don’t have to pay a mortgage payment or rent for one or two years.
And just think of the size of the downpayments they’ll have saved up when they finally do get kicked out. We’ll be competing against these people for homes in a couple of years. And you know the banks will loan them money again…
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