Strategic Non-Foreclosure

[SD Realtor]

Bearish lenders are not coming to any conclusion in my opinion. They have already won the war. What they do not get from homeowners they will get from taxpayers. So why would they foreclose. The govt has already cowed to the lenders and will lend them as much money as they need.

[bearishgurl]

[quote=SD Realtor]Bearish lenders are not coming to any conclusion in my opinion. They have already won the war. What they do not get from homeowners they will get from taxpayers. So why would they foreclose. The govt has already cowed to the lenders and will lend them as much money as they need.[/quote]

So, I guess this “free bailout” on behalf of the “govt” has indirectly allowed squatters a “free pass” to “squat” as long as they can get away with due to failure of their lender to exercise their timely right to non-judicial foreclosure.

Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.

If these “squatters” were smart, they would have saved a small fortune during their period of “reduced living expense” but, alas, most won’t be able to.

I am in hopes that the affected lenders can see their way clear to accelerate this process as this would help us ALL :=]

[bearishgurl]

[quote=SD Realtor]Bearish lenders are not coming to any conclusion in my opinion. They have already won the war. What they do not get from homeowners they will get from taxpayers. So why would they foreclose. The govt has already cowed to the lenders and will lend them as much money as they need.[/quote]

So, I guess this “free bailout” on behalf of the “govt” has indirectly allowed squatters a “free pass” to “squat” as long as they can get away with due to failure of their lender to exercise their timely right to non-judicial foreclosure.

Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.

If these “squatters” were smart, they would have saved a small fortune during their period of “reduced living expense” but, alas, most won’t be able to.

I am in hopes that the affected lenders can see their way clear to accelerate this process as this would help us ALL :=]

[bearishgurl]

[quote=SD Realtor]Bearish lenders are not coming to any conclusion in my opinion. They have already won the war. What they do not get from homeowners they will get from taxpayers. So why would they foreclose. The govt has already cowed to the lenders and will lend them as much money as they need.[/quote]

So, I guess this “free bailout” on behalf of the “govt” has indirectly allowed squatters a “free pass” to “squat” as long as they can get away with due to failure of their lender to exercise their timely right to non-judicial foreclosure.

Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.

If these “squatters” were smart, they would have saved a small fortune during their period of “reduced living expense” but, alas, most won’t be able to.

I am in hopes that the affected lenders can see their way clear to accelerate this process as this would help us ALL :=]

[bearishgurl]

[quote=SD Realtor]Bearish lenders are not coming to any conclusion in my opinion. They have already won the war. What they do not get from homeowners they will get from taxpayers. So why would they foreclose. The govt has already cowed to the lenders and will lend them as much money as they need.[/quote]

So, I guess this “free bailout” on behalf of the “govt” has indirectly allowed squatters a “free pass” to “squat” as long as they can get away with due to failure of their lender to exercise their timely right to non-judicial foreclosure.

Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.

If these “squatters” were smart, they would have saved a small fortune during their period of “reduced living expense” but, alas, most won’t be able to.

I am in hopes that the affected lenders can see their way clear to accelerate this process as this would help us ALL :=]

[bearishgurl]

[quote=SD Realtor]Bearish lenders are not coming to any conclusion in my opinion. They have already won the war. What they do not get from homeowners they will get from taxpayers. So why would they foreclose. The govt has already cowed to the lenders and will lend them as much money as they need.[/quote]

So, I guess this “free bailout” on behalf of the “govt” has indirectly allowed squatters a “free pass” to “squat” as long as they can get away with due to failure of their lender to exercise their timely right to non-judicial foreclosure.

Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.

If these “squatters” were smart, they would have saved a small fortune during their period of “reduced living expense” but, alas, most won’t be able to.

I am in hopes that the affected lenders can see their way clear to accelerate this process as this would help us ALL :=]

[briansd1]

[quote=bearishgurl]
Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.
[/quote]

If the majority of consumers have bad credit, what will the banks do? They’ll just have to reset the curve so that they can keep on lending and consumers can keep on spending. Our economy depends on what the “average” consumer does.

Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.

[briansd1]

[quote=bearishgurl]
Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.
[/quote]

If the majority of consumers have bad credit, what will the banks do? They’ll just have to reset the curve so that they can keep on lending and consumers can keep on spending. Our economy depends on what the “average” consumer does.

Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.

[briansd1]

[quote=bearishgurl]
Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.
[/quote]

If the majority of consumers have bad credit, what will the banks do? They’ll just have to reset the curve so that they can keep on lending and consumers can keep on spending. Our economy depends on what the “average” consumer does.

Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.

[briansd1]

[quote=bearishgurl]
Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.
[/quote]

If the majority of consumers have bad credit, what will the banks do? They’ll just have to reset the curve so that they can keep on lending and consumers can keep on spending. Our economy depends on what the “average” consumer does.

Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.

[briansd1]

[quote=bearishgurl]
Assuming arguendo you’re right, SDR, I don’t condone this practice as the “squatters” will get theirs (in the form of plunging FICO scores) and their subsequent INABILITY to obtain FF-backed mortgages for SEVEN YEARS after they’re finally thrown out on their EARS.
[/quote]

If the majority of consumers have bad credit, what will the banks do? They’ll just have to reset the curve so that they can keep on lending and consumers can keep on spending. Our economy depends on what the “average” consumer does.

Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.

[bearishgurl]

[quote=briansd1]Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.[/quote]

Brian, they won’t be able to buck the 7-yr wait to obtain a FF backed loan. This will be a HUGE hurdle to their RE buying plans. See the OP’s article for further info.

[bearishgurl]

[quote=briansd1]Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.[/quote]

Brian, they won’t be able to buck the 7-yr wait to obtain a FF backed loan. This will be a HUGE hurdle to their RE buying plans. See the OP’s article for further info.

[bearishgurl]

[quote=briansd1]Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.[/quote]

Brian, they won’t be able to buck the 7-yr wait to obtain a FF backed loan. This will be a HUGE hurdle to their RE buying plans. See the OP’s article for further info.

[bearishgurl]

[quote=briansd1]Consumers who default and get back to “average” credit, will be the ones who get the most out of the system, for the least amount of work.[/quote]

Brian, they won’t be able to buck the 7-yr wait to obtain a FF backed loan. This will be a HUGE hurdle to their RE buying plans. See the OP’s article for further info.

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