- This topic has 65 replies, 12 voices, and was last updated 15 years, 10 months ago by
Casca.
-
AuthorPosts
-
June 23, 2008 at 10:30 PM #227603June 23, 2008 at 10:50 PM #227447
temeculaguy
ParticipantSD, I know there has always been conspiracy theories about phantom inventory and I am not one of those who believe the banks are in collusion, but I am so confused lately. I track the trustee sales, in my zip code there will be 50 this week actually going back to the bank and available to be listed the next day. For three months there has been 25-50 a week, yet about 10-20 get listed. These aren’t short sale delays or reworks, they are over and done with, sitting vacant, I’m stalking a few right now. Is it just that their REO people are getting crushed right now with work, they can’t hire some of the unemployed former mortgage brokers? I know of many properties that went back to the bank in May and are still sitting, unlisted, what kind of a plan is that? “let’s leave it until the spring bounce is over and we can lose another 20%.” Or maybe the lawn isn’t dead enough for them. If this is how they do business then they deserve to be out of business. It’s frustrating as hell. It took them 9 months to get it back and they just let it sit, mindboggling. And then when they do list it, they pick some realtor from L.A. who barely speaks english, doesn’t know jack about the house or area, quotes comps from miles away, posts a single blurry picture of the outside, it happens all the time, it’s killing me.
June 23, 2008 at 10:50 PM #227564ParticipantSD, I know there has always been conspiracy theories about phantom inventory and I am not one of those who believe the banks are in collusion, but I am so confused lately. I track the trustee sales, in my zip code there will be 50 this week actually going back to the bank and available to be listed the next day. For three months there has been 25-50 a week, yet about 10-20 get listed. These aren’t short sale delays or reworks, they are over and done with, sitting vacant, I’m stalking a few right now. Is it just that their REO people are getting crushed right now with work, they can’t hire some of the unemployed former mortgage brokers? I know of many properties that went back to the bank in May and are still sitting, unlisted, what kind of a plan is that? “let’s leave it until the spring bounce is over and we can lose another 20%.” Or maybe the lawn isn’t dead enough for them. If this is how they do business then they deserve to be out of business. It’s frustrating as hell. It took them 9 months to get it back and they just let it sit, mindboggling. And then when they do list it, they pick some realtor from L.A. who barely speaks english, doesn’t know jack about the house or area, quotes comps from miles away, posts a single blurry picture of the outside, it happens all the time, it’s killing me.
June 23, 2008 at 10:50 PM #227572ParticipantSD, I know there has always been conspiracy theories about phantom inventory and I am not one of those who believe the banks are in collusion, but I am so confused lately. I track the trustee sales, in my zip code there will be 50 this week actually going back to the bank and available to be listed the next day. For three months there has been 25-50 a week, yet about 10-20 get listed. These aren’t short sale delays or reworks, they are over and done with, sitting vacant, I’m stalking a few right now. Is it just that their REO people are getting crushed right now with work, they can’t hire some of the unemployed former mortgage brokers? I know of many properties that went back to the bank in May and are still sitting, unlisted, what kind of a plan is that? “let’s leave it until the spring bounce is over and we can lose another 20%.” Or maybe the lawn isn’t dead enough for them. If this is how they do business then they deserve to be out of business. It’s frustrating as hell. It took them 9 months to get it back and they just let it sit, mindboggling. And then when they do list it, they pick some realtor from L.A. who barely speaks english, doesn’t know jack about the house or area, quotes comps from miles away, posts a single blurry picture of the outside, it happens all the time, it’s killing me.
June 23, 2008 at 10:50 PM #227606ParticipantSD, I know there has always been conspiracy theories about phantom inventory and I am not one of those who believe the banks are in collusion, but I am so confused lately. I track the trustee sales, in my zip code there will be 50 this week actually going back to the bank and available to be listed the next day. For three months there has been 25-50 a week, yet about 10-20 get listed. These aren’t short sale delays or reworks, they are over and done with, sitting vacant, I’m stalking a few right now. Is it just that their REO people are getting crushed right now with work, they can’t hire some of the unemployed former mortgage brokers? I know of many properties that went back to the bank in May and are still sitting, unlisted, what kind of a plan is that? “let’s leave it until the spring bounce is over and we can lose another 20%.” Or maybe the lawn isn’t dead enough for them. If this is how they do business then they deserve to be out of business. It’s frustrating as hell. It took them 9 months to get it back and they just let it sit, mindboggling. And then when they do list it, they pick some realtor from L.A. who barely speaks english, doesn’t know jack about the house or area, quotes comps from miles away, posts a single blurry picture of the outside, it happens all the time, it’s killing me.
June 23, 2008 at 10:50 PM #227624ParticipantSD, I know there has always been conspiracy theories about phantom inventory and I am not one of those who believe the banks are in collusion, but I am so confused lately. I track the trustee sales, in my zip code there will be 50 this week actually going back to the bank and available to be listed the next day. For three months there has been 25-50 a week, yet about 10-20 get listed. These aren’t short sale delays or reworks, they are over and done with, sitting vacant, I’m stalking a few right now. Is it just that their REO people are getting crushed right now with work, they can’t hire some of the unemployed former mortgage brokers? I know of many properties that went back to the bank in May and are still sitting, unlisted, what kind of a plan is that? “let’s leave it until the spring bounce is over and we can lose another 20%.” Or maybe the lawn isn’t dead enough for them. If this is how they do business then they deserve to be out of business. It’s frustrating as hell. It took them 9 months to get it back and they just let it sit, mindboggling. And then when they do list it, they pick some realtor from L.A. who barely speaks english, doesn’t know jack about the house or area, quotes comps from miles away, posts a single blurry picture of the outside, it happens all the time, it’s killing me.
June 23, 2008 at 10:58 PM #227462Veritas
ParticipantBlame it on the Illuminati. What else explains it?
June 23, 2008 at 10:58 PM #227579ParticipantBlame it on the Illuminati. What else explains it?
June 23, 2008 at 10:58 PM #227588ParticipantBlame it on the Illuminati. What else explains it?
June 23, 2008 at 10:58 PM #227625ParticipantBlame it on the Illuminati. What else explains it?
June 23, 2008 at 10:58 PM #227639ParticipantBlame it on the Illuminati. What else explains it?
June 24, 2008 at 9:58 AM #227682stpiermj
ParticipantOil Speculation and Mortgage backed assets. I wonder sometimes if this Fed swap of mortgage backed assets (which are worthless), is contributing to the “speculation” by investment firms in the oil market. Scary thought what would happen if that was occuring and the oil bubble pops and all those portfolios go to crap (Depressing,oop, I mean DEPRESSION). We would be really broke in less than 2 months if the Fed were to continue it’s free lunch program.
My guess is that moving to the “foreclosure” step reduces what the speculators can speculate with… (if of course this is what is happening). I’m pretty much clueless on this, but the way things are going on WallStreet and the lack of ethics and high values (which we desparetly need to reverse), I would believe just about anything is possible (even a crash of the US Dollar).
June 24, 2008 at 9:58 AM #227797ParticipantOil Speculation and Mortgage backed assets. I wonder sometimes if this Fed swap of mortgage backed assets (which are worthless), is contributing to the “speculation” by investment firms in the oil market. Scary thought what would happen if that was occuring and the oil bubble pops and all those portfolios go to crap (Depressing,oop, I mean DEPRESSION). We would be really broke in less than 2 months if the Fed were to continue it’s free lunch program.
My guess is that moving to the “foreclosure” step reduces what the speculators can speculate with… (if of course this is what is happening). I’m pretty much clueless on this, but the way things are going on WallStreet and the lack of ethics and high values (which we desparetly need to reverse), I would believe just about anything is possible (even a crash of the US Dollar).
June 24, 2008 at 9:58 AM #227808ParticipantOil Speculation and Mortgage backed assets. I wonder sometimes if this Fed swap of mortgage backed assets (which are worthless), is contributing to the “speculation” by investment firms in the oil market. Scary thought what would happen if that was occuring and the oil bubble pops and all those portfolios go to crap (Depressing,oop, I mean DEPRESSION). We would be really broke in less than 2 months if the Fed were to continue it’s free lunch program.
My guess is that moving to the “foreclosure” step reduces what the speculators can speculate with… (if of course this is what is happening). I’m pretty much clueless on this, but the way things are going on WallStreet and the lack of ethics and high values (which we desparetly need to reverse), I would believe just about anything is possible (even a crash of the US Dollar).
June 24, 2008 at 9:58 AM #227843ParticipantOil Speculation and Mortgage backed assets. I wonder sometimes if this Fed swap of mortgage backed assets (which are worthless), is contributing to the “speculation” by investment firms in the oil market. Scary thought what would happen if that was occuring and the oil bubble pops and all those portfolios go to crap (Depressing,oop, I mean DEPRESSION). We would be really broke in less than 2 months if the Fed were to continue it’s free lunch program.
My guess is that moving to the “foreclosure” step reduces what the speculators can speculate with… (if of course this is what is happening). I’m pretty much clueless on this, but the way things are going on WallStreet and the lack of ethics and high values (which we desparetly need to reverse), I would believe just about anything is possible (even a crash of the US Dollar).
-
AuthorPosts
- You must be logged in to reply to this topic.