Home › Forums › Housing › “A downward spiral thats tough 2 stop; it feeds on itself. 4closures encourage new 4closures & falling prices discourage buying”
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February 8, 2009 at 3:37 PM #343491February 8, 2009 at 5:29 PM #343001SD RealtorParticipant
If the recast was recorded AND in such a way so that appraisers would be able to comb a database and use that as a new comparable then yes that would be very beneficial. Then all subsequent resales would have much more valuations. I really se no reason why it should not be done in this manner.
February 8, 2009 at 5:29 PM #343328SD RealtorParticipantIf the recast was recorded AND in such a way so that appraisers would be able to comb a database and use that as a new comparable then yes that would be very beneficial. Then all subsequent resales would have much more valuations. I really se no reason why it should not be done in this manner.
February 8, 2009 at 5:29 PM #343437SD RealtorParticipantIf the recast was recorded AND in such a way so that appraisers would be able to comb a database and use that as a new comparable then yes that would be very beneficial. Then all subsequent resales would have much more valuations. I really se no reason why it should not be done in this manner.
February 8, 2009 at 5:29 PM #343465SD RealtorParticipantIf the recast was recorded AND in such a way so that appraisers would be able to comb a database and use that as a new comparable then yes that would be very beneficial. Then all subsequent resales would have much more valuations. I really se no reason why it should not be done in this manner.
February 8, 2009 at 5:29 PM #343561SD RealtorParticipantIf the recast was recorded AND in such a way so that appraisers would be able to comb a database and use that as a new comparable then yes that would be very beneficial. Then all subsequent resales would have much more valuations. I really se no reason why it should not be done in this manner.
February 8, 2009 at 10:16 PM #343088CardiffBaseballParticipantTo not make this information available to appraisers would be criminal. Seriously shameful if that were to occur.
If the homeowner is going to get a free pass from credit issues, a free pass from eviction, and a fresh start, it’s only fair that the neighbors know about it. You can’t say that when the seller goes to the open market and sells the house that sets the market price. Sure it does but we need to know what the previous sale was, and a principal reduction should be considered an arms length transaction between the bank and owner.
February 8, 2009 at 10:16 PM #343414CardiffBaseballParticipantTo not make this information available to appraisers would be criminal. Seriously shameful if that were to occur.
If the homeowner is going to get a free pass from credit issues, a free pass from eviction, and a fresh start, it’s only fair that the neighbors know about it. You can’t say that when the seller goes to the open market and sells the house that sets the market price. Sure it does but we need to know what the previous sale was, and a principal reduction should be considered an arms length transaction between the bank and owner.
February 8, 2009 at 10:16 PM #343522CardiffBaseballParticipantTo not make this information available to appraisers would be criminal. Seriously shameful if that were to occur.
If the homeowner is going to get a free pass from credit issues, a free pass from eviction, and a fresh start, it’s only fair that the neighbors know about it. You can’t say that when the seller goes to the open market and sells the house that sets the market price. Sure it does but we need to know what the previous sale was, and a principal reduction should be considered an arms length transaction between the bank and owner.
February 8, 2009 at 10:16 PM #343550CardiffBaseballParticipantTo not make this information available to appraisers would be criminal. Seriously shameful if that were to occur.
If the homeowner is going to get a free pass from credit issues, a free pass from eviction, and a fresh start, it’s only fair that the neighbors know about it. You can’t say that when the seller goes to the open market and sells the house that sets the market price. Sure it does but we need to know what the previous sale was, and a principal reduction should be considered an arms length transaction between the bank and owner.
February 8, 2009 at 10:16 PM #343646CardiffBaseballParticipantTo not make this information available to appraisers would be criminal. Seriously shameful if that were to occur.
If the homeowner is going to get a free pass from credit issues, a free pass from eviction, and a fresh start, it’s only fair that the neighbors know about it. You can’t say that when the seller goes to the open market and sells the house that sets the market price. Sure it does but we need to know what the previous sale was, and a principal reduction should be considered an arms length transaction between the bank and owner.
February 9, 2009 at 9:27 AM #343145HuckleberryParticipantMy question is, what will be the scope of these mortgage write-downs?
Are they going to extend this relief all the way out to the borrower that purchased an 800K home in Pacific Beach or La Jolla that is now upside down by 150K?
Are they going to support the housing prices in the most over extended bubble areas too?
February 9, 2009 at 9:27 AM #343469HuckleberryParticipantMy question is, what will be the scope of these mortgage write-downs?
Are they going to extend this relief all the way out to the borrower that purchased an 800K home in Pacific Beach or La Jolla that is now upside down by 150K?
Are they going to support the housing prices in the most over extended bubble areas too?
February 9, 2009 at 9:27 AM #343577HuckleberryParticipantMy question is, what will be the scope of these mortgage write-downs?
Are they going to extend this relief all the way out to the borrower that purchased an 800K home in Pacific Beach or La Jolla that is now upside down by 150K?
Are they going to support the housing prices in the most over extended bubble areas too?
February 9, 2009 at 9:27 AM #343605HuckleberryParticipantMy question is, what will be the scope of these mortgage write-downs?
Are they going to extend this relief all the way out to the borrower that purchased an 800K home in Pacific Beach or La Jolla that is now upside down by 150K?
Are they going to support the housing prices in the most over extended bubble areas too?
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