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  • June 23, 2008 at 12:39 PM #13110
    Huckleberry
    Participant

    Another new video.

    Once again, it appears the number aren’t getting any better…

    June 23, 2008 at 1:49 PM #227085
    peterb
    Participant

    Does anyone out there know about the legally required time a lender has to complete forclosure processes after an NOD has been sent? Or is there any time limit? It seems like NOD’s are comming in big numbers, but REO’s are seriously lagging. I’ve heard rumors that lenders are letting mortgage’s go more than a year in arrears in order to avoid putting the property on to their books. Is there any GAAP rules here? Or can a lender have a non-performing loan on the books indefinately?

    June 23, 2008 at 1:49 PM #227198
    peterb
    Participant

    Does anyone out there know about the legally required time a lender has to complete forclosure processes after an NOD has been sent? Or is there any time limit? It seems like NOD’s are comming in big numbers, but REO’s are seriously lagging. I’ve heard rumors that lenders are letting mortgage’s go more than a year in arrears in order to avoid putting the property on to their books. Is there any GAAP rules here? Or can a lender have a non-performing loan on the books indefinately?

    June 23, 2008 at 1:49 PM #227210
    peterb
    Participant

    Does anyone out there know about the legally required time a lender has to complete forclosure processes after an NOD has been sent? Or is there any time limit? It seems like NOD’s are comming in big numbers, but REO’s are seriously lagging. I’ve heard rumors that lenders are letting mortgage’s go more than a year in arrears in order to avoid putting the property on to their books. Is there any GAAP rules here? Or can a lender have a non-performing loan on the books indefinately?

    June 23, 2008 at 1:49 PM #227241
    peterb
    Participant

    Does anyone out there know about the legally required time a lender has to complete forclosure processes after an NOD has been sent? Or is there any time limit? It seems like NOD’s are comming in big numbers, but REO’s are seriously lagging. I’ve heard rumors that lenders are letting mortgage’s go more than a year in arrears in order to avoid putting the property on to their books. Is there any GAAP rules here? Or can a lender have a non-performing loan on the books indefinately?

    June 23, 2008 at 1:49 PM #227257
    peterb
    Participant

    Does anyone out there know about the legally required time a lender has to complete forclosure processes after an NOD has been sent? Or is there any time limit? It seems like NOD’s are comming in big numbers, but REO’s are seriously lagging. I’ve heard rumors that lenders are letting mortgage’s go more than a year in arrears in order to avoid putting the property on to their books. Is there any GAAP rules here? Or can a lender have a non-performing loan on the books indefinately?

    June 23, 2008 at 6:56 PM #227433
    EconProf
    Participant

    This You Tube site for Mr. Mortgage would be a good place to send your friends and relatives who doubt your housing-bearish position. A lot of people too lazy to read the research could watch an 8 minute segment by Mr. Mortgage and become believers.

    June 23, 2008 at 6:56 PM #227484
    EconProf
    Participant

    This You Tube site for Mr. Mortgage would be a good place to send your friends and relatives who doubt your housing-bearish position. A lot of people too lazy to read the research could watch an 8 minute segment by Mr. Mortgage and become believers.

    June 23, 2008 at 6:56 PM #227470
    EconProf
    Participant

    This You Tube site for Mr. Mortgage would be a good place to send your friends and relatives who doubt your housing-bearish position. A lot of people too lazy to read the research could watch an 8 minute segment by Mr. Mortgage and become believers.

    June 23, 2008 at 6:56 PM #227423
    EconProf
    Participant

    This You Tube site for Mr. Mortgage would be a good place to send your friends and relatives who doubt your housing-bearish position. A lot of people too lazy to read the research could watch an 8 minute segment by Mr. Mortgage and become believers.

    June 23, 2008 at 6:56 PM #227308
    EconProf
    Participant

    This You Tube site for Mr. Mortgage would be a good place to send your friends and relatives who doubt your housing-bearish position. A lot of people too lazy to read the research could watch an 8 minute segment by Mr. Mortgage and become believers.

    June 23, 2008 at 10:30 PM #227426
    SD Realtor
    Participant

    There is not prescribed maximum time by law. I do know for a fact that many distressed properties have the trustee sale date delayed (in some cases many times over) if there is a short sale being considered.

    June 23, 2008 at 10:30 PM #227545
    SD Realtor
    Participant

    There is not prescribed maximum time by law. I do know for a fact that many distressed properties have the trustee sale date delayed (in some cases many times over) if there is a short sale being considered.

    June 23, 2008 at 10:30 PM #227551
    SD Realtor
    Participant

    There is not prescribed maximum time by law. I do know for a fact that many distressed properties have the trustee sale date delayed (in some cases many times over) if there is a short sale being considered.

    June 23, 2008 at 10:30 PM #227603
    SD Realtor
    Participant

    There is not prescribed maximum time by law. I do know for a fact that many distressed properties have the trustee sale date delayed (in some cases many times over) if there is a short sale being considered.

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