Question for the bulls

[sdcellar]

It’s certainly not unheard of for debt to be settled at ten cents on the dollar, so to suggest that such a thing is ludicrous is, well, ludicrous.

Not saying that it’s easy or happens all the time, and I certainly have no idea how often it’s applied to mortgage debt, but it does happen in general.

More importantly, I don’t think every single last underwater homeowner is as eager to walk away from their home you might think.

[sdrealtor]

FYI, I have never convinced myself that having a “realtor card” means I have credibility. My credibility has earned over several years of contributions here.

[sdrealtor]

FYI, I have never convinced myself that having a “realtor card” means I have credibility. My credibility has earned over several years of contributions here.

[sdrealtor]

FYI, I have never convinced myself that having a “realtor card” means I have credibility. My credibility has earned over several years of contributions here.

[sdrealtor]

FYI, I have never convinced myself that having a “realtor card” means I have credibility. My credibility has earned over several years of contributions here.

[sdrealtor]

FYI, I have never convinced myself that having a “realtor card” means I have credibility. My credibility has earned over several years of contributions here.

[sdcellar]

[quote=sdrealtor]JP
The unemployment news of major employers is headline news and easy to find. The signs of employment will always be harder to see as they are found in the entrepreneurial start ups in small office parks throughout the region.[/quote]Agreed, but the startup space still seems pretty rough at the moment. I only know of the VCs that I know of, but that particular group still seems pretty beholden to the now one-year old Sequoia Capital Death Spiral slideshow. From what I hear, many are making another pass through their portfolio companies looking for addtional “efficiencies”.

VCs aren’t the only source of funding for startups, of course, but they do provide the larger pools, and funding equals jobs. Plenty of folks might be bootstrapping their own companies and it even probably more prevalent right now, but that requires a longer cycle to provide much in the way of job creation.

[sdcellar]

[quote=sdrealtor]JP
The unemployment news of major employers is headline news and easy to find. The signs of employment will always be harder to see as they are found in the entrepreneurial start ups in small office parks throughout the region.[/quote]Agreed, but the startup space still seems pretty rough at the moment. I only know of the VCs that I know of, but that particular group still seems pretty beholden to the now one-year old Sequoia Capital Death Spiral slideshow. From what I hear, many are making another pass through their portfolio companies looking for addtional “efficiencies”.

VCs aren’t the only source of funding for startups, of course, but they do provide the larger pools, and funding equals jobs. Plenty of folks might be bootstrapping their own companies and it even probably more prevalent right now, but that requires a longer cycle to provide much in the way of job creation.

[sdcellar]

[quote=sdrealtor]JP
The unemployment news of major employers is headline news and easy to find. The signs of employment will always be harder to see as they are found in the entrepreneurial start ups in small office parks throughout the region.[/quote]Agreed, but the startup space still seems pretty rough at the moment. I only know of the VCs that I know of, but that particular group still seems pretty beholden to the now one-year old Sequoia Capital Death Spiral slideshow. From what I hear, many are making another pass through their portfolio companies looking for addtional “efficiencies”.

VCs aren’t the only source of funding for startups, of course, but they do provide the larger pools, and funding equals jobs. Plenty of folks might be bootstrapping their own companies and it even probably more prevalent right now, but that requires a longer cycle to provide much in the way of job creation.

[sdcellar]

[quote=sdrealtor]JP
The unemployment news of major employers is headline news and easy to find. The signs of employment will always be harder to see as they are found in the entrepreneurial start ups in small office parks throughout the region.[/quote]Agreed, but the startup space still seems pretty rough at the moment. I only know of the VCs that I know of, but that particular group still seems pretty beholden to the now one-year old Sequoia Capital Death Spiral slideshow. From what I hear, many are making another pass through their portfolio companies looking for addtional “efficiencies”.

VCs aren’t the only source of funding for startups, of course, but they do provide the larger pools, and funding equals jobs. Plenty of folks might be bootstrapping their own companies and it even probably more prevalent right now, but that requires a longer cycle to provide much in the way of job creation.

[sdcellar]

[quote=sdrealtor]JP
The unemployment news of major employers is headline news and easy to find. The signs of employment will always be harder to see as they are found in the entrepreneurial start ups in small office parks throughout the region.[/quote]Agreed, but the startup space still seems pretty rough at the moment. I only know of the VCs that I know of, but that particular group still seems pretty beholden to the now one-year old Sequoia Capital Death Spiral slideshow. From what I hear, many are making another pass through their portfolio companies looking for addtional “efficiencies”.

VCs aren’t the only source of funding for startups, of course, but they do provide the larger pools, and funding equals jobs. Plenty of folks might be bootstrapping their own companies and it even probably more prevalent right now, but that requires a longer cycle to provide much in the way of job creation.

[sdrealtor]

Hey dumbass. I found one to shut you up once and for all. Send me your email via private messages and I will send you a copy of letter from a lender where the seller negotiated a short payoff of a refinanced recourse $90,000 2nd for about $7400 cash in March. I will also include the tax records showing the amount of the loans. We had to get that settled before selling the house. Once we got that settled we closed the short sale the next month with the 1st lender which was non-recourse. They could have stayed if they wanted with only a 1st mortgage and gotten it modified but were getting divorced so neither wanted to stay.

[sdrealtor]

Hey dumbass. I found one to shut you up once and for all. Send me your email via private messages and I will send you a copy of letter from a lender where the seller negotiated a short payoff of a refinanced recourse $90,000 2nd for about $7400 cash in March. I will also include the tax records showing the amount of the loans. We had to get that settled before selling the house. Once we got that settled we closed the short sale the next month with the 1st lender which was non-recourse. They could have stayed if they wanted with only a 1st mortgage and gotten it modified but were getting divorced so neither wanted to stay.

[sdrealtor]

Hey dumbass. I found one to shut you up once and for all. Send me your email via private messages and I will send you a copy of letter from a lender where the seller negotiated a short payoff of a refinanced recourse $90,000 2nd for about $7400 cash in March. I will also include the tax records showing the amount of the loans. We had to get that settled before selling the house. Once we got that settled we closed the short sale the next month with the 1st lender which was non-recourse. They could have stayed if they wanted with only a 1st mortgage and gotten it modified but were getting divorced so neither wanted to stay.

[sdrealtor]

Hey dumbass. I found one to shut you up once and for all. Send me your email via private messages and I will send you a copy of letter from a lender where the seller negotiated a short payoff of a refinanced recourse $90,000 2nd for about $7400 cash in March. I will also include the tax records showing the amount of the loans. We had to get that settled before selling the house. Once we got that settled we closed the short sale the next month with the 1st lender which was non-recourse. They could have stayed if they wanted with only a 1st mortgage and gotten it modified but were getting divorced so neither wanted to stay.

[Author]

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