- This topic has 81 replies, 14 voices, and was last updated 16 years, 8 months ago by
kaycee.
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August 27, 2007 at 3:03 PM #81871August 27, 2007 at 3:29 PM #81737
kaycee
ParticipantI hear what you are saying SD R, and I’m not a big believer in govermental meddling, But wasn’t the time to worry about “loss mitigation” back when they approved these crazy loans? I have NO sympathy now.
But from a strictly numbers sense, aren’t these delays and denials simply making the problem worse? They deny a sale, the owner then turns off the sprinkler, takes out the appliances and abandons the property. Then the property finally ends up on THEIR roles and then they have to sell “a brown lawn special”. In general, I would suspect they would get less than a short sale now.
So are they really “mitigating” the loss? In some cases, aren’t they making it worse? Not just for the “fb” and the economy, but also for their shareholders for whom they are suppossed to be working.
August 27, 2007 at 3:29 PM #81872ParticipantI hear what you are saying SD R, and I’m not a big believer in govermental meddling, But wasn’t the time to worry about “loss mitigation” back when they approved these crazy loans? I have NO sympathy now.
But from a strictly numbers sense, aren’t these delays and denials simply making the problem worse? They deny a sale, the owner then turns off the sprinkler, takes out the appliances and abandons the property. Then the property finally ends up on THEIR roles and then they have to sell “a brown lawn special”. In general, I would suspect they would get less than a short sale now.
So are they really “mitigating” the loss? In some cases, aren’t they making it worse? Not just for the “fb” and the economy, but also for their shareholders for whom they are suppossed to be working.
August 27, 2007 at 3:29 PM #81889ParticipantI hear what you are saying SD R, and I’m not a big believer in govermental meddling, But wasn’t the time to worry about “loss mitigation” back when they approved these crazy loans? I have NO sympathy now.
But from a strictly numbers sense, aren’t these delays and denials simply making the problem worse? They deny a sale, the owner then turns off the sprinkler, takes out the appliances and abandons the property. Then the property finally ends up on THEIR roles and then they have to sell “a brown lawn special”. In general, I would suspect they would get less than a short sale now.
So are they really “mitigating” the loss? In some cases, aren’t they making it worse? Not just for the “fb” and the economy, but also for their shareholders for whom they are suppossed to be working.
August 27, 2007 at 3:43 PM #81749sdrealtor
ParticipantSD R,
After trying to sell a vacant house for and then no sale after all, I’d say they already got a great big kick in the karma!sdr
August 27, 2007 at 3:43 PM #81884ParticipantSD R,
After trying to sell a vacant house for and then no sale after all, I’d say they already got a great big kick in the karma!sdr
August 27, 2007 at 3:43 PM #81901ParticipantSD R,
After trying to sell a vacant house for and then no sale after all, I’d say they already got a great big kick in the karma!sdr
August 27, 2007 at 3:53 PM #81755an
ParticipantSD R, the owner just listed it on Craigslist for rent now @ price of $2500/month.
August 27, 2007 at 3:53 PM #81890ParticipantSD R, the owner just listed it on Craigslist for rent now @ price of $2500/month.
August 27, 2007 at 3:53 PM #81907ParticipantSD R, the owner just listed it on Craigslist for rent now @ price of $2500/month.
August 27, 2007 at 4:00 PM #81764Participant8 times 2500 = 20,000. Thats gotta hurt!
August 27, 2007 at 4:00 PM #81899Participant8 times 2500 = 20,000. Thats gotta hurt!
August 27, 2007 at 4:00 PM #81916Participant8 times 2500 = 20,000. Thats gotta hurt!
August 27, 2007 at 4:26 PM #81773SD Realtor
ParticipantLest we not forget that the owner is a Realtor as well!
He also owns a home in Clairemont. When he listed the home he asked me what I thought of the price and got all pissed at me when I told him my honest opinion… maybe that is why he gaffed me for part of the deposit. He is even jacking the rent a bit, we paid 2400 when we lived there.
His 5 year exemption date was sometime in August.
Well whoever rents it will get a nice lawn out back and he ripped out the carpet and put pergo in. We liked renting there but we do like it better in Scripps. If he wasn’t selling we most likely would have stayed. However the minute he told us he was selling I was online looking for a new place.
SD Realtor
August 27, 2007 at 4:26 PM #81908ParticipantLest we not forget that the owner is a Realtor as well!
He also owns a home in Clairemont. When he listed the home he asked me what I thought of the price and got all pissed at me when I told him my honest opinion… maybe that is why he gaffed me for part of the deposit. He is even jacking the rent a bit, we paid 2400 when we lived there.
His 5 year exemption date was sometime in August.
Well whoever rents it will get a nice lawn out back and he ripped out the carpet and put pergo in. We liked renting there but we do like it better in Scripps. If he wasn’t selling we most likely would have stayed. However the minute he told us he was selling I was online looking for a new place.
SD Realtor
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