How did he do it? – Piggington's Econo-Almanac

This topic has 25 replies, 4 voices, and was last updated 15 years, 2 months ago by Trojan4Life.

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- January 14, 2008 at 5:35 PM #11506
  
  ocrenter
  Participant
  
  here’s my post on this 2100 sqft home in 4S Ranch.
  
  10274 Prairie Springs Rd, San Diego, CA 92127
  –06/2006: Financing at zero down, 80/20 with OwnIt Mortgage.
  –12/2006: NOD filed.
  –2007-04-13 auction POSTPONED…
  –2007-05-02 POSTPONED…
  –2007-06-01 POSTPONED…
  –2007-07-06 POSTPONED…
  –2007-07-25 POSTPONED…
  –2007-09-28 POSTPONED…
  –2007-10-12 POSTPONED…
  –2007-11-09 POSTPONED…
  
  now how in the world did this owner manage to get the court to postpone his foreclosure auction month after month for 8 times since April of ’07?
- January 14, 2008 at 6:07 PM #135740
  
  bsrsharma
  Participant
  
  How do you know it is the “owner” and not Ownit Mortgage that is requesting postponement? The mortgager may not like to “mark it to market” for any number of reasons. One example: searching for a friendly buyer who is in need of large tax writeoffs { a la BofA buying CFC }.
  - January 14, 2008 at 6:39 PM #135750
    
    ocrenter
    Participant
    
    so if it’s OwnIt (or what is left of it) requesting postponements (8 in a roll), are we seeing the same with other OwnIt REOs?
    - January 14, 2008 at 9:45 PM #135949
      
      SD Realtor
      Participant
      
      These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..
      
      These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.
      
      SD Realtor
    - January 15, 2008 at 7:09 AM #136077
      
      ocrenter
      Participant
      
      thanks SD R. I have seen postponements on multiple properties, but 8 postponements in a row, month after month… that’s something special.
    - January 15, 2008 at 7:36 AM #136087
      
      Trojan4Life
      Participant
      
      OCRENTER,
      
      Could you please e-mail me at [email protected]…I have a question to ask of you regarding your blog.
      
      Thanks
      
      Freddie
    - January 15, 2008 at 7:36 AM #136287
      
      Trojan4Life
      Participant
      
      OCRENTER,
      
      Could you please e-mail me at [email protected]…I have a question to ask of you regarding your blog.
      
      Thanks
      
      Freddie
    - January 15, 2008 at 7:36 AM #136323
      
      Trojan4Life
      Participant
      
      OCRENTER,
      
      Could you please e-mail me at [email protected]…I have a question to ask of you regarding your blog.
      
      Thanks
      
      Freddie
    - January 15, 2008 at 7:36 AM #136349
      
      Trojan4Life
      Participant
      
      OCRENTER,
      
      Could you please e-mail me at [email protected]…I have a question to ask of you regarding your blog.
      
      Thanks
      
      Freddie
    - January 15, 2008 at 7:36 AM #136391
      
      Trojan4Life
      Participant
      
      OCRENTER,
      
      Could you please e-mail me at [email protected]…I have a question to ask of you regarding your blog.
      
      Thanks
      
      Freddie
    - January 15, 2008 at 7:09 AM #136277
      
      ocrenter
      Participant
      
      thanks SD R. I have seen postponements on multiple properties, but 8 postponements in a row, month after month… that’s something special.
    - January 15, 2008 at 7:09 AM #136313
      
      ocrenter
      Participant
      
      thanks SD R. I have seen postponements on multiple properties, but 8 postponements in a row, month after month… that’s something special.
    - January 15, 2008 at 7:09 AM #136337
      
      ocrenter
      Participant
      
      thanks SD R. I have seen postponements on multiple properties, but 8 postponements in a row, month after month… that’s something special.
    - January 15, 2008 at 7:09 AM #136381
      
      ocrenter
      Participant
      
      thanks SD R. I have seen postponements on multiple properties, but 8 postponements in a row, month after month… that’s something special.
    - January 14, 2008 at 9:45 PM #136148
      
      SD Realtor
      Participant
      
      These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..
      
      These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.
      
      SD Realtor
    - January 14, 2008 at 9:45 PM #136182
      
      SD Realtor
      Participant
      
      These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..
      
      These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.
      
      SD Realtor
    - January 14, 2008 at 9:45 PM #136208
      
      SD Realtor
      Participant
      
      These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..
      
      These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.
      
      SD Realtor
    - January 14, 2008 at 9:45 PM #136251
      
      SD Realtor
      Participant
      
      These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..
      
      These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.
      
      SD Realtor
  - January 14, 2008 at 6:39 PM #135947
    
    ocrenter
    Participant
    
    so if it’s OwnIt (or what is left of it) requesting postponements (8 in a roll), are we seeing the same with other OwnIt REOs?
  - January 14, 2008 at 6:39 PM #135950
    
    ocrenter
    Participant
    
    so if it’s OwnIt (or what is left of it) requesting postponements (8 in a roll), are we seeing the same with other OwnIt REOs?
  - January 14, 2008 at 6:39 PM #136009
    
    ocrenter
    Participant
    
    so if it’s OwnIt (or what is left of it) requesting postponements (8 in a roll), are we seeing the same with other OwnIt REOs?
  - January 14, 2008 at 6:39 PM #136051
    
    ocrenter
    Participant
    
    so if it’s OwnIt (or what is left of it) requesting postponements (8 in a roll), are we seeing the same with other OwnIt REOs?
- January 14, 2008 at 6:07 PM #135937
  
  bsrsharma
  Participant
  
  How do you know it is the “owner” and not Ownit Mortgage that is requesting postponement? The mortgager may not like to “mark it to market” for any number of reasons. One example: searching for a friendly buyer who is in need of large tax writeoffs { a la BofA buying CFC }.
- January 14, 2008 at 6:07 PM #135939
  
  bsrsharma
  Participant
  
  How do you know it is the “owner” and not Ownit Mortgage that is requesting postponement? The mortgager may not like to “mark it to market” for any number of reasons. One example: searching for a friendly buyer who is in need of large tax writeoffs { a la BofA buying CFC }.
- January 14, 2008 at 6:07 PM #135999
  
  bsrsharma
  Participant
  
  How do you know it is the “owner” and not Ownit Mortgage that is requesting postponement? The mortgager may not like to “mark it to market” for any number of reasons. One example: searching for a friendly buyer who is in need of large tax writeoffs { a la BofA buying CFC }.
- January 14, 2008 at 6:07 PM #136041
  
  bsrsharma
  Participant
  
  How do you know it is the “owner” and not Ownit Mortgage that is requesting postponement? The mortgager may not like to “mark it to market” for any number of reasons. One example: searching for a friendly buyer who is in need of large tax writeoffs { a la BofA buying CFC }.
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