So, where are all the foreclosures?

[jpinpb]

That’s what I’d like to know. I see the overhang. Are they going to rework ALL the NODs? I mean, there are so many criteria to be met, they just can’t. So what’s the hold up?

[danthedart]

The foreclosure moratorium just ended on March 31st. That’s the simple answer.

[danthedart]

The foreclosure moratorium just ended on March 31st. That’s the simple answer.

[danthedart]

The foreclosure moratorium just ended on March 31st. That’s the simple answer.

[danthedart]

The foreclosure moratorium just ended on March 31st. That’s the simple answer.

[danthedart]

The foreclosure moratorium just ended on March 31st. That’s the simple answer.

[peterb]

Kinda difficult to ReFi or rework if one is unemployed. Tsunami approaching.

[peterb]

Kinda difficult to ReFi or rework if one is unemployed. Tsunami approaching.

[peterb]

Kinda difficult to ReFi or rework if one is unemployed. Tsunami approaching.

[peterb]

Kinda difficult to ReFi or rework if one is unemployed. Tsunami approaching.

[peterb]

Kinda difficult to ReFi or rework if one is unemployed. Tsunami approaching.

[donaldduckmoore]

[quote=dd123]Here is one forclosure prevented by Bank/Govt:

One of my colleague bought a house for half a million 4 years back and his monthly payment was $4K. With the recent divorce, he was unable to make mortgage payments and for the last 6/7 months he was not making payments hoping to do short sale.
He is a very nice/easy going simple guy but financially irresponsible who likes to drive $40k car with toy like $8K in his driveway.
Last week he told me that, bank did some deal with him taking advantage of bailout, now he is able to keep his house paying just $2k/month for next 30 years which is what he can afford.
I am very happy for my colleague since I like him personally though I know that we all are footing the bill for this bailout.
At the same time, I think I have missed an opportunity to get bail out from govt.
Sometimes, I think I should have bought a million dollar house in 2006 though I cant afford it but anyway I would have been bailed out by bank/govt.
Being over analytical/financial responsible kind of kicked me back.[/quote]

DD, that is a big difference in payment. Did the bank reduce his principle amt. I thought they do not like the idea of reducing priciple.

[donaldduckmoore]

[quote=dd123]Here is one forclosure prevented by Bank/Govt:

One of my colleague bought a house for half a million 4 years back and his monthly payment was $4K. With the recent divorce, he was unable to make mortgage payments and for the last 6/7 months he was not making payments hoping to do short sale.
He is a very nice/easy going simple guy but financially irresponsible who likes to drive $40k car with toy like $8K in his driveway.
Last week he told me that, bank did some deal with him taking advantage of bailout, now he is able to keep his house paying just $2k/month for next 30 years which is what he can afford.
I am very happy for my colleague since I like him personally though I know that we all are footing the bill for this bailout.
At the same time, I think I have missed an opportunity to get bail out from govt.
Sometimes, I think I should have bought a million dollar house in 2006 though I cant afford it but anyway I would have been bailed out by bank/govt.
Being over analytical/financial responsible kind of kicked me back.[/quote]

DD, that is a big difference in payment. Did the bank reduce his principle amt. I thought they do not like the idea of reducing priciple.

[donaldduckmoore]

[quote=dd123]Here is one forclosure prevented by Bank/Govt:

One of my colleague bought a house for half a million 4 years back and his monthly payment was $4K. With the recent divorce, he was unable to make mortgage payments and for the last 6/7 months he was not making payments hoping to do short sale.
He is a very nice/easy going simple guy but financially irresponsible who likes to drive $40k car with toy like $8K in his driveway.
Last week he told me that, bank did some deal with him taking advantage of bailout, now he is able to keep his house paying just $2k/month for next 30 years which is what he can afford.
I am very happy for my colleague since I like him personally though I know that we all are footing the bill for this bailout.
At the same time, I think I have missed an opportunity to get bail out from govt.
Sometimes, I think I should have bought a million dollar house in 2006 though I cant afford it but anyway I would have been bailed out by bank/govt.
Being over analytical/financial responsible kind of kicked me back.[/quote]

DD, that is a big difference in payment. Did the bank reduce his principle amt. I thought they do not like the idea of reducing priciple.

[donaldduckmoore]

[quote=dd123]Here is one forclosure prevented by Bank/Govt:

One of my colleague bought a house for half a million 4 years back and his monthly payment was $4K. With the recent divorce, he was unable to make mortgage payments and for the last 6/7 months he was not making payments hoping to do short sale.
He is a very nice/easy going simple guy but financially irresponsible who likes to drive $40k car with toy like $8K in his driveway.
Last week he told me that, bank did some deal with him taking advantage of bailout, now he is able to keep his house paying just $2k/month for next 30 years which is what he can afford.
I am very happy for my colleague since I like him personally though I know that we all are footing the bill for this bailout.
At the same time, I think I have missed an opportunity to get bail out from govt.
Sometimes, I think I should have bought a million dollar house in 2006 though I cant afford it but anyway I would have been bailed out by bank/govt.
Being over analytical/financial responsible kind of kicked me back.[/quote]

DD, that is a big difference in payment. Did the bank reduce his principle amt. I thought they do not like the idea of reducing priciple.

[Author]

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