- This topic has 145 replies, 14 voices, and was last updated 16 years, 10 months ago by
temeculaguy.
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January 3, 2008 at 4:55 PM #128973January 3, 2008 at 4:58 PM #128708
Allan from Fallbrook
ParticipantSDR: Thanks for responding. I was curious, and thought I would ping you and get your sense of things.
I know, based on the bankers I speak with regularly, that the situation is bad as far as REO inventory goes. Further, quite a few banks are becoming overwhelmed with the volume of foreclosures happening right now. There has to be some sort of “point of no return” wherein the banks pull the pin and start dropping inventory at whatever price will move it.
From a regulatory standpoint, I have to believe many banks and lending institutions are going to start seeing their options narrow rapidly as regards reporting on non- and sub-performing assets. Whether or not this triggers the sort of death spiral we saw in Japan is anybody’s guess.
January 3, 2008 at 4:58 PM #128873ParticipantSDR: Thanks for responding. I was curious, and thought I would ping you and get your sense of things.
I know, based on the bankers I speak with regularly, that the situation is bad as far as REO inventory goes. Further, quite a few banks are becoming overwhelmed with the volume of foreclosures happening right now. There has to be some sort of “point of no return” wherein the banks pull the pin and start dropping inventory at whatever price will move it.
From a regulatory standpoint, I have to believe many banks and lending institutions are going to start seeing their options narrow rapidly as regards reporting on non- and sub-performing assets. Whether or not this triggers the sort of death spiral we saw in Japan is anybody’s guess.
January 3, 2008 at 4:58 PM #128881ParticipantSDR: Thanks for responding. I was curious, and thought I would ping you and get your sense of things.
I know, based on the bankers I speak with regularly, that the situation is bad as far as REO inventory goes. Further, quite a few banks are becoming overwhelmed with the volume of foreclosures happening right now. There has to be some sort of “point of no return” wherein the banks pull the pin and start dropping inventory at whatever price will move it.
From a regulatory standpoint, I have to believe many banks and lending institutions are going to start seeing their options narrow rapidly as regards reporting on non- and sub-performing assets. Whether or not this triggers the sort of death spiral we saw in Japan is anybody’s guess.
January 3, 2008 at 4:58 PM #128950ParticipantSDR: Thanks for responding. I was curious, and thought I would ping you and get your sense of things.
I know, based on the bankers I speak with regularly, that the situation is bad as far as REO inventory goes. Further, quite a few banks are becoming overwhelmed with the volume of foreclosures happening right now. There has to be some sort of “point of no return” wherein the banks pull the pin and start dropping inventory at whatever price will move it.
From a regulatory standpoint, I have to believe many banks and lending institutions are going to start seeing their options narrow rapidly as regards reporting on non- and sub-performing assets. Whether or not this triggers the sort of death spiral we saw in Japan is anybody’s guess.
January 3, 2008 at 4:58 PM #128978ParticipantSDR: Thanks for responding. I was curious, and thought I would ping you and get your sense of things.
I know, based on the bankers I speak with regularly, that the situation is bad as far as REO inventory goes. Further, quite a few banks are becoming overwhelmed with the volume of foreclosures happening right now. There has to be some sort of “point of no return” wherein the banks pull the pin and start dropping inventory at whatever price will move it.
From a regulatory standpoint, I have to believe many banks and lending institutions are going to start seeing their options narrow rapidly as regards reporting on non- and sub-performing assets. Whether or not this triggers the sort of death spiral we saw in Japan is anybody’s guess.
January 3, 2008 at 7:33 PM #128756VoZangre
Participant“It was hers…
to pour into the vat from which all poets dip and quaff,
for poets are brothers in this.”We all steal quotes.
( Don’t we?)“I’ll steal a quote from that show, “Everything is related.”
Funny thing… in the midst of the heated argument with the Missus I KNEW KNEW KNEW was waiting for me when I got home from work… she said… ” You are a terrible debater! I don’t see what that has to do with what we are talking about!”
I suggested…”Just because you are unable ( pointing to head) to connect the dots, doesnt devaluate the argument.
EVERYTHING IS RELATED!”Now, thats just throwaway existentialist POV, but I daresaay its true.
Either way… the fireworks are beginning… and TG is not only Neighbor of the Year ( I’ve not studied his YOY ratings) candidate, but might just ( through various schwag given him to buy his vote) become Ruler of the World to boot.
All this to say TG is Da Man when the slippery slope of Temecula RE is concerned.
His three car garagometer is a Piggy Classic.
Ciao for now swine,
Voz
Voz
January 3, 2008 at 7:33 PM #128922Participant“It was hers…
to pour into the vat from which all poets dip and quaff,
for poets are brothers in this.”We all steal quotes.
( Don’t we?)“I’ll steal a quote from that show, “Everything is related.”
Funny thing… in the midst of the heated argument with the Missus I KNEW KNEW KNEW was waiting for me when I got home from work… she said… ” You are a terrible debater! I don’t see what that has to do with what we are talking about!”
I suggested…”Just because you are unable ( pointing to head) to connect the dots, doesnt devaluate the argument.
EVERYTHING IS RELATED!”Now, thats just throwaway existentialist POV, but I daresaay its true.
Either way… the fireworks are beginning… and TG is not only Neighbor of the Year ( I’ve not studied his YOY ratings) candidate, but might just ( through various schwag given him to buy his vote) become Ruler of the World to boot.
All this to say TG is Da Man when the slippery slope of Temecula RE is concerned.
His three car garagometer is a Piggy Classic.
Ciao for now swine,
Voz
Voz
January 3, 2008 at 7:33 PM #128931Participant“It was hers…
to pour into the vat from which all poets dip and quaff,
for poets are brothers in this.”We all steal quotes.
( Don’t we?)“I’ll steal a quote from that show, “Everything is related.”
Funny thing… in the midst of the heated argument with the Missus I KNEW KNEW KNEW was waiting for me when I got home from work… she said… ” You are a terrible debater! I don’t see what that has to do with what we are talking about!”
I suggested…”Just because you are unable ( pointing to head) to connect the dots, doesnt devaluate the argument.
EVERYTHING IS RELATED!”Now, thats just throwaway existentialist POV, but I daresaay its true.
Either way… the fireworks are beginning… and TG is not only Neighbor of the Year ( I’ve not studied his YOY ratings) candidate, but might just ( through various schwag given him to buy his vote) become Ruler of the World to boot.
All this to say TG is Da Man when the slippery slope of Temecula RE is concerned.
His three car garagometer is a Piggy Classic.
Ciao for now swine,
Voz
Voz
January 3, 2008 at 7:33 PM #129000Participant“It was hers…
to pour into the vat from which all poets dip and quaff,
for poets are brothers in this.”We all steal quotes.
( Don’t we?)“I’ll steal a quote from that show, “Everything is related.”
Funny thing… in the midst of the heated argument with the Missus I KNEW KNEW KNEW was waiting for me when I got home from work… she said… ” You are a terrible debater! I don’t see what that has to do with what we are talking about!”
I suggested…”Just because you are unable ( pointing to head) to connect the dots, doesnt devaluate the argument.
EVERYTHING IS RELATED!”Now, thats just throwaway existentialist POV, but I daresaay its true.
Either way… the fireworks are beginning… and TG is not only Neighbor of the Year ( I’ve not studied his YOY ratings) candidate, but might just ( through various schwag given him to buy his vote) become Ruler of the World to boot.
All this to say TG is Da Man when the slippery slope of Temecula RE is concerned.
His three car garagometer is a Piggy Classic.
Ciao for now swine,
Voz
Voz
January 3, 2008 at 7:33 PM #129029Participant“It was hers…
to pour into the vat from which all poets dip and quaff,
for poets are brothers in this.”We all steal quotes.
( Don’t we?)“I’ll steal a quote from that show, “Everything is related.”
Funny thing… in the midst of the heated argument with the Missus I KNEW KNEW KNEW was waiting for me when I got home from work… she said… ” You are a terrible debater! I don’t see what that has to do with what we are talking about!”
I suggested…”Just because you are unable ( pointing to head) to connect the dots, doesnt devaluate the argument.
EVERYTHING IS RELATED!”Now, thats just throwaway existentialist POV, but I daresaay its true.
Either way… the fireworks are beginning… and TG is not only Neighbor of the Year ( I’ve not studied his YOY ratings) candidate, but might just ( through various schwag given him to buy his vote) become Ruler of the World to boot.
All this to say TG is Da Man when the slippery slope of Temecula RE is concerned.
His three car garagometer is a Piggy Classic.
Ciao for now swine,
Voz
Voz
January 3, 2008 at 8:10 PM #128781
barnaby33ParticipantIs there some kind of map showing repos in SD County?
Try foreclosureradar.com
JoshJanuary 3, 2008 at 8:10 PM #128948barnaby33ParticipantIs there some kind of map showing repos in SD County?
Try foreclosureradar.com
JoshJanuary 3, 2008 at 8:10 PM #128956barnaby33ParticipantIs there some kind of map showing repos in SD County?
Try foreclosureradar.com
JoshJanuary 3, 2008 at 8:10 PM #129025barnaby33ParticipantIs there some kind of map showing repos in SD County?
Try foreclosureradar.com
Josh -
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