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jpinpb.
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February 13, 2009 at 2:48 PM #346445February 13, 2009 at 4:09 PM #346480
kicksavedave
Participant[quote=alarmclock]I just closed today and found out the purchaser of my mortgage is….. JP Morgan! So does this mean that I don’t have to make payments? If they won’t foreclose on me, will they just use harsh language or fart in my general direction?[/quote]
Letter from JP Morgan (6 months from now)
Dear Mr alarmclock,
We have noticed that since acquiring your mortgage, you have not made any payments at all. This is unacceptable to JP Morgan. If you do not immediately begin making your mortgage payments, we will do something. We’re not sure what we are going to do, and we’re not really sure when, but we assure you that something will be done about this. In the meantime, your mother was a hamster and your father smelled of eldeberries.
Sincerely,
Mr JP Morgan Himself
cc: Barack Obama
February 13, 2009 at 4:09 PM #346371Participant[quote=alarmclock]I just closed today and found out the purchaser of my mortgage is….. JP Morgan! So does this mean that I don’t have to make payments? If they won’t foreclose on me, will they just use harsh language or fart in my general direction?[/quote]
Letter from JP Morgan (6 months from now)
Dear Mr alarmclock,
We have noticed that since acquiring your mortgage, you have not made any payments at all. This is unacceptable to JP Morgan. If you do not immediately begin making your mortgage payments, we will do something. We’re not sure what we are going to do, and we’re not really sure when, but we assure you that something will be done about this. In the meantime, your mother was a hamster and your father smelled of eldeberries.
Sincerely,
Mr JP Morgan Himself
cc: Barack Obama
February 13, 2009 at 4:09 PM #346513Participant[quote=alarmclock]I just closed today and found out the purchaser of my mortgage is….. JP Morgan! So does this mean that I don’t have to make payments? If they won’t foreclose on me, will they just use harsh language or fart in my general direction?[/quote]
Letter from JP Morgan (6 months from now)
Dear Mr alarmclock,
We have noticed that since acquiring your mortgage, you have not made any payments at all. This is unacceptable to JP Morgan. If you do not immediately begin making your mortgage payments, we will do something. We’re not sure what we are going to do, and we’re not really sure when, but we assure you that something will be done about this. In the meantime, your mother was a hamster and your father smelled of eldeberries.
Sincerely,
Mr JP Morgan Himself
cc: Barack Obama
February 13, 2009 at 4:09 PM #346051Participant[quote=alarmclock]I just closed today and found out the purchaser of my mortgage is….. JP Morgan! So does this mean that I don’t have to make payments? If they won’t foreclose on me, will they just use harsh language or fart in my general direction?[/quote]
Letter from JP Morgan (6 months from now)
Dear Mr alarmclock,
We have noticed that since acquiring your mortgage, you have not made any payments at all. This is unacceptable to JP Morgan. If you do not immediately begin making your mortgage payments, we will do something. We’re not sure what we are going to do, and we’re not really sure when, but we assure you that something will be done about this. In the meantime, your mother was a hamster and your father smelled of eldeberries.
Sincerely,
Mr JP Morgan Himself
cc: Barack Obama
February 13, 2009 at 4:09 PM #346612Participant[quote=alarmclock]I just closed today and found out the purchaser of my mortgage is….. JP Morgan! So does this mean that I don’t have to make payments? If they won’t foreclose on me, will they just use harsh language or fart in my general direction?[/quote]
Letter from JP Morgan (6 months from now)
Dear Mr alarmclock,
We have noticed that since acquiring your mortgage, you have not made any payments at all. This is unacceptable to JP Morgan. If you do not immediately begin making your mortgage payments, we will do something. We’re not sure what we are going to do, and we’re not really sure when, but we assure you that something will be done about this. In the meantime, your mother was a hamster and your father smelled of eldeberries.
Sincerely,
Mr JP Morgan Himself
cc: Barack Obama
February 15, 2009 at 2:36 PM #347195jpinpb
ParticipantNot just JP Morgan:
“DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) have committed to temporary moratoriums on foreclosures as the government works on a financial stability plan slated to include billions of dollars aimed at keeping people in their homes.”
Info on Jim the Realtor’s site:
“Here are the current counts of bank-owned SFRs and condos in San Diego County – these ought to be enough to tide us over for a month, but get the train back on the tracks soon!
Citigroup – 168
Morgan Stanley – 205
JP Morgan Chase – 265
WFB/Wachovia – 417
Bank of America – 1,725
Total – 2,780
We know that there are over 10,000 bank-owned properties currently in the county, so I doubt that I picked up every one owned by these four lenders. The BofA count includes Countrywide, Bank of New York, Deutsche, and US Bank, plus the private-label CWabs.”
February 15, 2009 at 2:36 PM #347294ParticipantNot just JP Morgan:
“DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) have committed to temporary moratoriums on foreclosures as the government works on a financial stability plan slated to include billions of dollars aimed at keeping people in their homes.”
Info on Jim the Realtor’s site:
“Here are the current counts of bank-owned SFRs and condos in San Diego County – these ought to be enough to tide us over for a month, but get the train back on the tracks soon!
Citigroup – 168
Morgan Stanley – 205
JP Morgan Chase – 265
WFB/Wachovia – 417
Bank of America – 1,725
Total – 2,780
We know that there are over 10,000 bank-owned properties currently in the county, so I doubt that I picked up every one owned by these four lenders. The BofA count includes Countrywide, Bank of New York, Deutsche, and US Bank, plus the private-label CWabs.”
February 15, 2009 at 2:36 PM #347161ParticipantNot just JP Morgan:
“DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) have committed to temporary moratoriums on foreclosures as the government works on a financial stability plan slated to include billions of dollars aimed at keeping people in their homes.”
Info on Jim the Realtor’s site:
“Here are the current counts of bank-owned SFRs and condos in San Diego County – these ought to be enough to tide us over for a month, but get the train back on the tracks soon!
Citigroup – 168
Morgan Stanley – 205
JP Morgan Chase – 265
WFB/Wachovia – 417
Bank of America – 1,725
Total – 2,780
We know that there are over 10,000 bank-owned properties currently in the county, so I doubt that I picked up every one owned by these four lenders. The BofA count includes Countrywide, Bank of New York, Deutsche, and US Bank, plus the private-label CWabs.”
February 15, 2009 at 2:36 PM #347048ParticipantNot just JP Morgan:
“DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) have committed to temporary moratoriums on foreclosures as the government works on a financial stability plan slated to include billions of dollars aimed at keeping people in their homes.”
Info on Jim the Realtor’s site:
“Here are the current counts of bank-owned SFRs and condos in San Diego County – these ought to be enough to tide us over for a month, but get the train back on the tracks soon!
Citigroup – 168
Morgan Stanley – 205
JP Morgan Chase – 265
WFB/Wachovia – 417
Bank of America – 1,725
Total – 2,780
We know that there are over 10,000 bank-owned properties currently in the county, so I doubt that I picked up every one owned by these four lenders. The BofA count includes Countrywide, Bank of New York, Deutsche, and US Bank, plus the private-label CWabs.”
February 15, 2009 at 2:36 PM #346727ParticipantNot just JP Morgan:
“DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) have committed to temporary moratoriums on foreclosures as the government works on a financial stability plan slated to include billions of dollars aimed at keeping people in their homes.”
Info on Jim the Realtor’s site:
“Here are the current counts of bank-owned SFRs and condos in San Diego County – these ought to be enough to tide us over for a month, but get the train back on the tracks soon!
Citigroup – 168
Morgan Stanley – 205
JP Morgan Chase – 265
WFB/Wachovia – 417
Bank of America – 1,725
Total – 2,780
We know that there are over 10,000 bank-owned properties currently in the county, so I doubt that I picked up every one owned by these four lenders. The BofA count includes Countrywide, Bank of New York, Deutsche, and US Bank, plus the private-label CWabs.”
February 15, 2009 at 8:51 PM #346947Anonymous
GuestFunny thing happened on the way to buy an REO owned by Franklin Mortgage. After a week of back and forth counters they pulled a up and said they were denying all offers and waiting on direction after the stimulus package passed. Hmmmmmmmmm. . . . .
Now I am confused. This house has been vacant for well over a year. Was sold once but fell out of escrow after 2 mos because the buyer could not finalize funding, and has been back on the market for about 2 wks.
My confusion lies in what this lender hopes to achieve by waiting on the feds. I thought the focus was on helping people stay in their homes, when this homeowner has long gone and no longer holds title.It appears more and more the banks are intentionally creating bottlenecks and not moving properties off their books.
A continuation of things that make you go hmmmmmmmmm……….
February 15, 2009 at 8:51 PM #347268GuestFunny thing happened on the way to buy an REO owned by Franklin Mortgage. After a week of back and forth counters they pulled a up and said they were denying all offers and waiting on direction after the stimulus package passed. Hmmmmmmmmm. . . . .
Now I am confused. This house has been vacant for well over a year. Was sold once but fell out of escrow after 2 mos because the buyer could not finalize funding, and has been back on the market for about 2 wks.
My confusion lies in what this lender hopes to achieve by waiting on the feds. I thought the focus was on helping people stay in their homes, when this homeowner has long gone and no longer holds title.It appears more and more the banks are intentionally creating bottlenecks and not moving properties off their books.
A continuation of things that make you go hmmmmmmmmm……….
February 15, 2009 at 8:51 PM #347382GuestFunny thing happened on the way to buy an REO owned by Franklin Mortgage. After a week of back and forth counters they pulled a up and said they were denying all offers and waiting on direction after the stimulus package passed. Hmmmmmmmmm. . . . .
Now I am confused. This house has been vacant for well over a year. Was sold once but fell out of escrow after 2 mos because the buyer could not finalize funding, and has been back on the market for about 2 wks.
My confusion lies in what this lender hopes to achieve by waiting on the feds. I thought the focus was on helping people stay in their homes, when this homeowner has long gone and no longer holds title.It appears more and more the banks are intentionally creating bottlenecks and not moving properties off their books.
A continuation of things that make you go hmmmmmmmmm……….
February 15, 2009 at 8:51 PM #347416GuestFunny thing happened on the way to buy an REO owned by Franklin Mortgage. After a week of back and forth counters they pulled a up and said they were denying all offers and waiting on direction after the stimulus package passed. Hmmmmmmmmm. . . . .
Now I am confused. This house has been vacant for well over a year. Was sold once but fell out of escrow after 2 mos because the buyer could not finalize funding, and has been back on the market for about 2 wks.
My confusion lies in what this lender hopes to achieve by waiting on the feds. I thought the focus was on helping people stay in their homes, when this homeowner has long gone and no longer holds title.It appears more and more the banks are intentionally creating bottlenecks and not moving properties off their books.
A continuation of things that make you go hmmmmmmmmm……….
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