Short Refinancing of Mortgages

[contraman]

FSD,

The property does not need to be in default. Any Joe can qualify that has the income to support the new mortgage payment at a reasonable DTI. Should get interesting here as you would have to expect ANYONE who is upside down will be doing this here if available.

I am doing a few here for clients as we speak but am sending the majority of them to a company that specializes in them and knows exactly how to position the files…as they have a referral and affiliate program with brokers.

Alot easier for me as it can be a tedious process working with the lender.

Sincerely, Contraman

[(former)FormerSanDiegan]

Contraman –

Thanks for the info. I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?

[(former)FormerSanDiegan]

Contraman –

Thanks for the info. I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?

[(former)FormerSanDiegan]

Contraman –

Thanks for the info. I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?

[(former)FormerSanDiegan]

Contraman –

Thanks for the info. I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?

[(former)FormerSanDiegan]

Contraman –

Thanks for the info. I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?

[NotCranky]

“Soon it may not be much use to look at loan reset charts.”

I have been wondering if the charts we see are being updated for regular refi’s, work outs and foreclosures that occur before resets.

“I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?”

Been wondering that too..and about other types of deal steering of distressed properties. You have to know there will be fraud on the way down too.

[NotCranky]

“Soon it may not be much use to look at loan reset charts.”

I have been wondering if the charts we see are being updated for regular refi’s, work outs and foreclosures that occur before resets.

“I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?”

Been wondering that too..and about other types of deal steering of distressed properties. You have to know there will be fraud on the way down too.

[NotCranky]

“Soon it may not be much use to look at loan reset charts.”

I have been wondering if the charts we see are being updated for regular refi’s, work outs and foreclosures that occur before resets.

“I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?”

Been wondering that too..and about other types of deal steering of distressed properties. You have to know there will be fraud on the way down too.

[NotCranky]

“Soon it may not be much use to look at loan reset charts.”

I have been wondering if the charts we see are being updated for regular refi’s, work outs and foreclosures that occur before resets.

“I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?”

Been wondering that too..and about other types of deal steering of distressed properties. You have to know there will be fraud on the way down too.

[NotCranky]

“Soon it may not be much use to look at loan reset charts.”

I have been wondering if the charts we see are being updated for regular refi’s, work outs and foreclosures that occur before resets.

“I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?”

Been wondering that too..and about other types of deal steering of distressed properties. You have to know there will be fraud on the way down too.

[sd-maybe]

1) Borrowers stay in the home, hence no foreclosure, and no increased inventory flooding the market.

So this amounts to a kick in the crotch for bubble sitters who have been waiting patiently for markets such as SD to return to affordable levels? And as far as the potential for a new fraud that was identified- this illustrates why I have contempt for the real estate/appraisal/loan infrastructre, excluding of course the Pigg posters here who seem honest, in fact I may contact SD Realtor soon. But the fact that you guys see a likelihood of a new type of fraud is a terrrible indictment of the industry and an unfortunate argument for regulation, and ultimately why I want to buy a house after additional price correction then be done with the industry, hopefully for a lifetime.

[sd-maybe]

1) Borrowers stay in the home, hence no foreclosure, and no increased inventory flooding the market.

So this amounts to a kick in the crotch for bubble sitters who have been waiting patiently for markets such as SD to return to affordable levels? And as far as the potential for a new fraud that was identified- this illustrates why I have contempt for the real estate/appraisal/loan infrastructre, excluding of course the Pigg posters here who seem honest, in fact I may contact SD Realtor soon. But the fact that you guys see a likelihood of a new type of fraud is a terrrible indictment of the industry and an unfortunate argument for regulation, and ultimately why I want to buy a house after additional price correction then be done with the industry, hopefully for a lifetime.

[sd-maybe]

1) Borrowers stay in the home, hence no foreclosure, and no increased inventory flooding the market.

So this amounts to a kick in the crotch for bubble sitters who have been waiting patiently for markets such as SD to return to affordable levels? And as far as the potential for a new fraud that was identified- this illustrates why I have contempt for the real estate/appraisal/loan infrastructre, excluding of course the Pigg posters here who seem honest, in fact I may contact SD Realtor soon. But the fact that you guys see a likelihood of a new type of fraud is a terrrible indictment of the industry and an unfortunate argument for regulation, and ultimately why I want to buy a house after additional price correction then be done with the industry, hopefully for a lifetime.

[sd-maybe]

1) Borrowers stay in the home, hence no foreclosure, and no increased inventory flooding the market.

So this amounts to a kick in the crotch for bubble sitters who have been waiting patiently for markets such as SD to return to affordable levels? And as far as the potential for a new fraud that was identified- this illustrates why I have contempt for the real estate/appraisal/loan infrastructre, excluding of course the Pigg posters here who seem honest, in fact I may contact SD Realtor soon. But the fact that you guys see a likelihood of a new type of fraud is a terrrible indictment of the industry and an unfortunate argument for regulation, and ultimately why I want to buy a house after additional price correction then be done with the industry, hopefully for a lifetime.

[Author]

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