Shumer Dodd and Durbin are at it again

[SD Realtor]

Not good enough of an answer.

That is like saying a turd that only smells a little bad is just a little turd. It only affects a few sensitive noses.

Enough little turds and you have alot of big bad smell.

Good to see our government officials believe that spending more time and energy to prolong the inevitable is the best way to go here.

[Nor-LA-SD-guy]

I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[Nor-LA-SD-guy]

I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[Nor-LA-SD-guy]

I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[Nor-LA-SD-guy]

I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[Nor-LA-SD-guy]

I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[SK in CV]

This is a good thing for all parties concerned. It allows for a forced modification of a home mortgage by a bankruptcy judge, a remedy that has long been available to the courts for virtually all other kinds of debts, including debt secured by non-owner occupied residential property. So for an investor that has many properties under water, this legislation will be meaningless.

Though I suspect that it will rarely be used, it will aid in providing stability to the market.

[SK in CV]

This is a good thing for all parties concerned. It allows for a forced modification of a home mortgage by a bankruptcy judge, a remedy that has long been available to the courts for virtually all other kinds of debts, including debt secured by non-owner occupied residential property. So for an investor that has many properties under water, this legislation will be meaningless.

Though I suspect that it will rarely be used, it will aid in providing stability to the market.

[SK in CV]

This is a good thing for all parties concerned. It allows for a forced modification of a home mortgage by a bankruptcy judge, a remedy that has long been available to the courts for virtually all other kinds of debts, including debt secured by non-owner occupied residential property. So for an investor that has many properties under water, this legislation will be meaningless.

Though I suspect that it will rarely be used, it will aid in providing stability to the market.

[SK in CV]

This is a good thing for all parties concerned. It allows for a forced modification of a home mortgage by a bankruptcy judge, a remedy that has long been available to the courts for virtually all other kinds of debts, including debt secured by non-owner occupied residential property. So for an investor that has many properties under water, this legislation will be meaningless.

Though I suspect that it will rarely be used, it will aid in providing stability to the market.

[SK in CV]

This is a good thing for all parties concerned. It allows for a forced modification of a home mortgage by a bankruptcy judge, a remedy that has long been available to the courts for virtually all other kinds of debts, including debt secured by non-owner occupied residential property. So for an investor that has many properties under water, this legislation will be meaningless.

Though I suspect that it will rarely be used, it will aid in providing stability to the market.

[DWCAP]

[quote=Nor-LA-SD-guy]
I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[/quote]

This wont assist them. I have a feeling this will only address a first home, and not “investment houses”. They may be able to save one, but not all of them.

[DWCAP]

[quote=Nor-LA-SD-guy]
I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[/quote]

This wont assist them. I have a feeling this will only address a first home, and not “investment houses”. They may be able to save one, but not all of them.

[DWCAP]

[quote=Nor-LA-SD-guy]
I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[/quote]

This wont assist them. I have a feeling this will only address a first home, and not “investment houses”. They may be able to save one, but not all of them.

[DWCAP]

[quote=Nor-LA-SD-guy]
I know of several O.C. investors with large numbers of short sales pending (bought near to the top of the market and rented) that would love to take advantage of this somehow.

For some reason the Banks are still working with these guy’s , hard to figure.

[/quote]

This wont assist them. I have a feeling this will only address a first home, and not “investment houses”. They may be able to save one, but not all of them.

[Author]

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