Repo pricing, banks going for the throat

[bearvine]

The Wire– excerpt from a review

David Simon, creator of “The Wire,” is not only a television veteran but also a former journalist who knows jaded from bitter and, one might guess from the downbeat story lines in his achingly realistic drama, a guy who understands the human condition.

No doubt, then, a small part of him must be relishing – nay, enduring – what amounts to more cold truth about life. And especially life in the entertainment business. First, his show – which will go down as arguably the best drama in the history of television – is getting more attention than it ever has. “The Wire” – either because people finally started to listen to a rising chorus of critics or because “The Sopranos” is retired or because pop culture buzz has no discernible reason to it – is the show everybody’s talking about right now.

But it doesn’t matter.

Four million – or 14 million – people could watch the final season’s premiere on Sunday. It doesn’t matter. All 10 episodes will get shown anyway. The war is over. All that confetti can’t hide the wounds it took to get this far.

Second, Simon always felt conflicted when critics called “The Wire” complex and difficult. Those are great attributes in a series. But they scare away viewers. For all you newbies – Season 5 is exquisitely complex and difficult.

And yet, the payoff for getting to Season 5 is greater than the privilege of watching a masterful piece of work, season after season. That’s reward in itself. Season 5 is the culmination of brilliant, nuanced storytelling, exceptional acting and the fearlessness of Simon and his writers from the get-go in telling novelistic stories on television without pandering. When it all ends, that’s the priceless denouement that none of this year’s buzz can buy the latecomers. To get it all, you need to have seen it all.

The plus side is, eventually people will Netflix or buy the DVDs. “The Wire” will be seen. The legacy is already written.

[bearvine]

Bank Inventory…

From what I understand they don’t hit the market all at once for a number of reasons:

It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out there

Sorry nothing concrete there.

Even if they aren’t holding back, we do know there will be more defaults coming en masse.

[bearvine]

Bank Inventory…

From what I understand they don’t hit the market all at once for a number of reasons:

It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out there

Sorry nothing concrete there.

Even if they aren’t holding back, we do know there will be more defaults coming en masse.

[bearvine]

Bank Inventory…

From what I understand they don’t hit the market all at once for a number of reasons:

It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out there

Sorry nothing concrete there.

Even if they aren’t holding back, we do know there will be more defaults coming en masse.

[bearvine]

Bank Inventory…

From what I understand they don’t hit the market all at once for a number of reasons:

It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out there

Sorry nothing concrete there.

Even if they aren’t holding back, we do know there will be more defaults coming en masse.

[bearvine]

Bank Inventory…

From what I understand they don’t hit the market all at once for a number of reasons:

It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out there

Sorry nothing concrete there.

Even if they aren’t holding back, we do know there will be more defaults coming en masse.

[temeculaguy]

Thanks for the insight bear and thanks for the posted review, I had not read any recent reviews nor did I realize there was some “buzz” about it. I always considered myself the show’s Jehova Witness, that I needed to go door to door and tell people about it. I will not apologize for hijacking my own thread to pimp The Wire, it’s the cost of my free research, you have to endure the commercials. So bear, when you watched season four and they were dumping bodies in all the vacant repos, did you think to yourself that you could totally redevelop those cool looking houses and make a killing, I did.

As far as the banks holding back, i can’t see them holding out much longer. On foreclosure.com they list the Sheriff sales with dates (trustee sale finals are done by the sheriff in this county) and they were averaging one a day in 92592 alone. There aren’t ten sales a week in the zip code and the Sheriff sales numbers keep getting larger, there are 25 next week alone (5 per day average).

[temeculaguy]

Thanks for the insight bear and thanks for the posted review, I had not read any recent reviews nor did I realize there was some “buzz” about it. I always considered myself the show’s Jehova Witness, that I needed to go door to door and tell people about it. I will not apologize for hijacking my own thread to pimp The Wire, it’s the cost of my free research, you have to endure the commercials. So bear, when you watched season four and they were dumping bodies in all the vacant repos, did you think to yourself that you could totally redevelop those cool looking houses and make a killing, I did.

As far as the banks holding back, i can’t see them holding out much longer. On foreclosure.com they list the Sheriff sales with dates (trustee sale finals are done by the sheriff in this county) and they were averaging one a day in 92592 alone. There aren’t ten sales a week in the zip code and the Sheriff sales numbers keep getting larger, there are 25 next week alone (5 per day average).

[temeculaguy]

Thanks for the insight bear and thanks for the posted review, I had not read any recent reviews nor did I realize there was some “buzz” about it. I always considered myself the show’s Jehova Witness, that I needed to go door to door and tell people about it. I will not apologize for hijacking my own thread to pimp The Wire, it’s the cost of my free research, you have to endure the commercials. So bear, when you watched season four and they were dumping bodies in all the vacant repos, did you think to yourself that you could totally redevelop those cool looking houses and make a killing, I did.

As far as the banks holding back, i can’t see them holding out much longer. On foreclosure.com they list the Sheriff sales with dates (trustee sale finals are done by the sheriff in this county) and they were averaging one a day in 92592 alone. There aren’t ten sales a week in the zip code and the Sheriff sales numbers keep getting larger, there are 25 next week alone (5 per day average).

[temeculaguy]

Thanks for the insight bear and thanks for the posted review, I had not read any recent reviews nor did I realize there was some “buzz” about it. I always considered myself the show’s Jehova Witness, that I needed to go door to door and tell people about it. I will not apologize for hijacking my own thread to pimp The Wire, it’s the cost of my free research, you have to endure the commercials. So bear, when you watched season four and they were dumping bodies in all the vacant repos, did you think to yourself that you could totally redevelop those cool looking houses and make a killing, I did.

As far as the banks holding back, i can’t see them holding out much longer. On foreclosure.com they list the Sheriff sales with dates (trustee sale finals are done by the sheriff in this county) and they were averaging one a day in 92592 alone. There aren’t ten sales a week in the zip code and the Sheriff sales numbers keep getting larger, there are 25 next week alone (5 per day average).

[temeculaguy]

Thanks for the insight bear and thanks for the posted review, I had not read any recent reviews nor did I realize there was some “buzz” about it. I always considered myself the show’s Jehova Witness, that I needed to go door to door and tell people about it. I will not apologize for hijacking my own thread to pimp The Wire, it’s the cost of my free research, you have to endure the commercials. So bear, when you watched season four and they were dumping bodies in all the vacant repos, did you think to yourself that you could totally redevelop those cool looking houses and make a killing, I did.

As far as the banks holding back, i can’t see them holding out much longer. On foreclosure.com they list the Sheriff sales with dates (trustee sale finals are done by the sheriff in this county) and they were averaging one a day in 92592 alone. There aren’t ten sales a week in the zip code and the Sheriff sales numbers keep getting larger, there are 25 next week alone (5 per day average).

[Author]

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