Timeline of a foreclosure???

[temeculaguy]

Here’s the scenario and I bet it’s happening to others. The place I rent is about to go into foreclosure, how much time on average do I have and what are my rights/options. Notice of Default will probably come within a week. December rent is paid and some repairs that I had to make in agreement with the landlord, I paid and was going to count that as my January rent. I’ll never get my deposit of one months rent back and have already informed the landlord that I will be calling that my February rent. The lease technically expires after that and was to convert to a month to month lease but I am paid through February and a little worried that the process will happen faster. I would gladly negotiate with the bank and pay them rent during the process if it goes beyond February and I would prefer to stay a few months longer so I can lowball some repos and move when I’m ready rather than go sign another lease but at least I’d like to stay for the time I have paid for. I am not looking to get anything free or stay for any time that I don’t pay for. Does anyone have any experience with this? I know repos take six months or longer from nod to listing but when do they get rid of renters?

[SD Realtor]

Soonest trustee sale is around 110 days from the NOD.

More details are as follows:

Day 1
Record Notice of Default

Within 10 business days
Mail and publish Notice of Default

Within 1 month
Mail Notice of Default

After 3 months
Set Trustee sale date

25 days before sale date
Send notice of sale to I.R.S.(when necessary)

Within 10 days from 1st publication
Send beneficiary request for property directions

14 days before sale date
Record Notice of Sale

7 days before sale date
If court action, 7day rule may apply

5 business days before sale date
Expiration of right to re-instate the loan

Sale date
Property is sold to highest bidder at public auction (aka trustee sale)

SD Realtor

[SD Realtor]

Soonest trustee sale is around 110 days from the NOD.

More details are as follows:

Day 1
Record Notice of Default

Within 10 business days
Mail and publish Notice of Default

Within 1 month
Mail Notice of Default

After 3 months
Set Trustee sale date

25 days before sale date
Send notice of sale to I.R.S.(when necessary)

Within 10 days from 1st publication
Send beneficiary request for property directions

14 days before sale date
Record Notice of Sale

7 days before sale date
If court action, 7day rule may apply

5 business days before sale date
Expiration of right to re-instate the loan

Sale date
Property is sold to highest bidder at public auction (aka trustee sale)

SD Realtor

[SD Realtor]

Soonest trustee sale is around 110 days from the NOD.

More details are as follows:

Day 1
Record Notice of Default

Within 10 business days
Mail and publish Notice of Default

Within 1 month
Mail Notice of Default

After 3 months
Set Trustee sale date

25 days before sale date
Send notice of sale to I.R.S.(when necessary)

Within 10 days from 1st publication
Send beneficiary request for property directions

14 days before sale date
Record Notice of Sale

7 days before sale date
If court action, 7day rule may apply

5 business days before sale date
Expiration of right to re-instate the loan

Sale date
Property is sold to highest bidder at public auction (aka trustee sale)

SD Realtor

[SD Realtor]

Soonest trustee sale is around 110 days from the NOD.

More details are as follows:

Day 1
Record Notice of Default

Within 10 business days
Mail and publish Notice of Default

Within 1 month
Mail Notice of Default

After 3 months
Set Trustee sale date

25 days before sale date
Send notice of sale to I.R.S.(when necessary)

Within 10 days from 1st publication
Send beneficiary request for property directions

14 days before sale date
Record Notice of Sale

7 days before sale date
If court action, 7day rule may apply

5 business days before sale date
Expiration of right to re-instate the loan

Sale date
Property is sold to highest bidder at public auction (aka trustee sale)

SD Realtor

[SD Realtor]

Soonest trustee sale is around 110 days from the NOD.

More details are as follows:

Day 1
Record Notice of Default

Within 10 business days
Mail and publish Notice of Default

Within 1 month
Mail Notice of Default

After 3 months
Set Trustee sale date

25 days before sale date
Send notice of sale to I.R.S.(when necessary)

Within 10 days from 1st publication
Send beneficiary request for property directions

14 days before sale date
Record Notice of Sale

7 days before sale date
If court action, 7day rule may apply

5 business days before sale date
Expiration of right to re-instate the loan

Sale date
Property is sold to highest bidder at public auction (aka trustee sale)

SD Realtor

[HLS]

Temec…
Usually 3 months to NOD, then 3 more months to schedule sale, and about 20 days after that, at the earliest..

The house is still your landlord’s until the trustee sale.

I don’t think that the servicer will contact you until after the sale, and some are taking much longer than 6 months, esp when it involves a jumbo loan (over $417K)

I’d guess that you have well into April..
and someone may even offer you money to vacate after that!

[HLS]

Do you know when his last payment was ?
Why do u think NOD will be within a week ?
At this time of year, it may not arrive until January.

[temeculaguy]

Obviously they lied to me when I got here, none of my rent has ever been used to pay the mortgage. I think they are probably three months behind, listed it as a short about a month ago. No action on the short and they never followed through with the hardship letter or other docs which if they don’t get in by next week, lender said it will nod. I am guessing it’s two or three months because that is how far behind the HOA is, I was offered to bring the hoa up to date in order to get my name on the gated entry so thats why I’m guessing it’s about two to three, their escrow stopped paying it. I’m also a tricky bastard and I find stuff out, the nod is coming soon.

Based on what you both wrote, I will easily be able to stay here through what I’ve paid for and may be able to negotiate with the landlord to stay longer if needed. I’m trying to avoid moving twice.

[temeculaguy]

Obviously they lied to me when I got here, none of my rent has ever been used to pay the mortgage. I think they are probably three months behind, listed it as a short about a month ago. No action on the short and they never followed through with the hardship letter or other docs which if they don’t get in by next week, lender said it will nod. I am guessing it’s two or three months because that is how far behind the HOA is, I was offered to bring the hoa up to date in order to get my name on the gated entry so thats why I’m guessing it’s about two to three, their escrow stopped paying it. I’m also a tricky bastard and I find stuff out, the nod is coming soon.

Based on what you both wrote, I will easily be able to stay here through what I’ve paid for and may be able to negotiate with the landlord to stay longer if needed. I’m trying to avoid moving twice.

[temeculaguy]

Obviously they lied to me when I got here, none of my rent has ever been used to pay the mortgage. I think they are probably three months behind, listed it as a short about a month ago. No action on the short and they never followed through with the hardship letter or other docs which if they don’t get in by next week, lender said it will nod. I am guessing it’s two or three months because that is how far behind the HOA is, I was offered to bring the hoa up to date in order to get my name on the gated entry so thats why I’m guessing it’s about two to three, their escrow stopped paying it. I’m also a tricky bastard and I find stuff out, the nod is coming soon.

Based on what you both wrote, I will easily be able to stay here through what I’ve paid for and may be able to negotiate with the landlord to stay longer if needed. I’m trying to avoid moving twice.

[temeculaguy]

Obviously they lied to me when I got here, none of my rent has ever been used to pay the mortgage. I think they are probably three months behind, listed it as a short about a month ago. No action on the short and they never followed through with the hardship letter or other docs which if they don’t get in by next week, lender said it will nod. I am guessing it’s two or three months because that is how far behind the HOA is, I was offered to bring the hoa up to date in order to get my name on the gated entry so thats why I’m guessing it’s about two to three, their escrow stopped paying it. I’m also a tricky bastard and I find stuff out, the nod is coming soon.

Based on what you both wrote, I will easily be able to stay here through what I’ve paid for and may be able to negotiate with the landlord to stay longer if needed. I’m trying to avoid moving twice.

[temeculaguy]

Obviously they lied to me when I got here, none of my rent has ever been used to pay the mortgage. I think they are probably three months behind, listed it as a short about a month ago. No action on the short and they never followed through with the hardship letter or other docs which if they don’t get in by next week, lender said it will nod. I am guessing it’s two or three months because that is how far behind the HOA is, I was offered to bring the hoa up to date in order to get my name on the gated entry so thats why I’m guessing it’s about two to three, their escrow stopped paying it. I’m also a tricky bastard and I find stuff out, the nod is coming soon.

Based on what you both wrote, I will easily be able to stay here through what I’ve paid for and may be able to negotiate with the landlord to stay longer if needed. I’m trying to avoid moving twice.

[temeculaguy]

HLS, one more thing, when you buy a bank owned, do you bring your own financing or use them, what is the custom and what is the most beneficial, I know the auctions almost mandate you use their finance people.

[HLS]

In the past, REO’s want to be rid of it, off of their books completely.

They generally don’t try and steal you away with any financing like the incentives that a new builder tempts people with. They want to wash their hands of it.

Last week there were two days of opportunity for 30 YR fixed at 5.50%, lowest rates in years. It was back to 6% today, huge swing!

Landlord has no reason not to take whatever you offer him (Like 50% rent) if you bail early, nobody else is going to rent from him for 2 or 3 months.

I have never heard of escrow/impound account paying HOA fees.

[temeculaguy]

I may be wrong about the hoa fees, I thought I had a past one where it was done by an impound. Either way, they split up so I got mixed info but one said two months, the other said three as far as them being behind. They are flaky and hard to get in contact with so I take what they say, what the short sale realtor says and other sources to come up with my best guess, since nobldy will actually show me anything. They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.

I’ve always paid my bills so I am a novice but I am learning how to tell from the outside of the envelope what overdue accounts look like, the paper is sometimes pink, the outside of the letter looks angry and uses phrases like “overdue, open immediately.” They havn’t come for their mail in a while, I don’t know if they ever will, I wouldn’t want to open all that angry mail. Thank goodness all the nod/not stuff is public record, I’ll save all that time trying to figure out how thick or what size envelope that comes in.

[Anonymous]

“They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.”

Oh, yeah. That would be bad. Really bad…

[Anonymous]

“They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.”

Oh, yeah. That would be bad. Really bad…

[Anonymous]

“They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.”

Oh, yeah. That would be bad. Really bad…

[Anonymous]

“They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.”

Oh, yeah. That would be bad. Really bad…

[Anonymous]

“They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.”

Oh, yeah. That would be bad. Really bad…

[HLS]

A little bit of steam from some boiling water will unstick the flap of an enevelope…
He knows he’s behind and isn’t going to pay anyway.

I think that the official NOD will be sent certified mail and require a signature at delivery, not just first class mail.

When your short lease is up, and house hasn’t gone to sale yet, I’d start to negotiate rent @ $500 a month and see what he says. If you bail, he gets zero until he loses it.

The HOA might go after him personally, has nothing to do with you…

I wouldn’t plan a 4th of July party there just yet, but you’re probably good past the Easter Bunny, and may get Memorial Day weekend there too.

[HLS]

A little bit of steam from some boiling water will unstick the flap of an enevelope…
He knows he’s behind and isn’t going to pay anyway.

I think that the official NOD will be sent certified mail and require a signature at delivery, not just first class mail.

When your short lease is up, and house hasn’t gone to sale yet, I’d start to negotiate rent @ $500 a month and see what he says. If you bail, he gets zero until he loses it.

The HOA might go after him personally, has nothing to do with you…

I wouldn’t plan a 4th of July party there just yet, but you’re probably good past the Easter Bunny, and may get Memorial Day weekend there too.

[HLS]

A little bit of steam from some boiling water will unstick the flap of an enevelope…
He knows he’s behind and isn’t going to pay anyway.

I think that the official NOD will be sent certified mail and require a signature at delivery, not just first class mail.

When your short lease is up, and house hasn’t gone to sale yet, I’d start to negotiate rent @ $500 a month and see what he says. If you bail, he gets zero until he loses it.

The HOA might go after him personally, has nothing to do with you…

I wouldn’t plan a 4th of July party there just yet, but you’re probably good past the Easter Bunny, and may get Memorial Day weekend there too.

[HLS]

A little bit of steam from some boiling water will unstick the flap of an enevelope…
He knows he’s behind and isn’t going to pay anyway.

I think that the official NOD will be sent certified mail and require a signature at delivery, not just first class mail.

When your short lease is up, and house hasn’t gone to sale yet, I’d start to negotiate rent @ $500 a month and see what he says. If you bail, he gets zero until he loses it.

The HOA might go after him personally, has nothing to do with you…

I wouldn’t plan a 4th of July party there just yet, but you’re probably good past the Easter Bunny, and may get Memorial Day weekend there too.

[HLS]

A little bit of steam from some boiling water will unstick the flap of an enevelope…
He knows he’s behind and isn’t going to pay anyway.

I think that the official NOD will be sent certified mail and require a signature at delivery, not just first class mail.

When your short lease is up, and house hasn’t gone to sale yet, I’d start to negotiate rent @ $500 a month and see what he says. If you bail, he gets zero until he loses it.

The HOA might go after him personally, has nothing to do with you…

I wouldn’t plan a 4th of July party there just yet, but you’re probably good past the Easter Bunny, and may get Memorial Day weekend there too.

[paramount]

I “always” pay my bills too, that does not mean you don’t get nasty letters. There are many predators out there, and I find most nasty letters come from Dr.’s offices EVEN if you paid the bill.

I never understand why some people get satisfaction from other people’s misery.

Look at me, I’m perfect – I ALWAYS pay my bills, and the person I am paying rent to (what I am really angry about) is really a loser. See, I really am superior to my landlord.

[temeculaguy]

Paramount you act like you are new here, I am vastly superior to others, perfect in every way, ask around.

Let’s just call it writing style with a sarcastic tone, don’t get mad, I’m pompous, but in a lovable way. But you are right, my landlord is a loser, as evidenced by four cops surrounding my rental last night and knocking on the door looking for said landlord for what, I do not know other than they are currently fugitives and not likely to come back here. That’s one of the reasons I don’t really worry about them taking me to court, they won’t be allowed to leave even if they win. Ok, so now I’m holding back only 70% of the story.

[temeculaguy]

Paramount you act like you are new here, I am vastly superior to others, perfect in every way, ask around.

Let’s just call it writing style with a sarcastic tone, don’t get mad, I’m pompous, but in a lovable way. But you are right, my landlord is a loser, as evidenced by four cops surrounding my rental last night and knocking on the door looking for said landlord for what, I do not know other than they are currently fugitives and not likely to come back here. That’s one of the reasons I don’t really worry about them taking me to court, they won’t be allowed to leave even if they win. Ok, so now I’m holding back only 70% of the story.

[temeculaguy]

Paramount you act like you are new here, I am vastly superior to others, perfect in every way, ask around.

Let’s just call it writing style with a sarcastic tone, don’t get mad, I’m pompous, but in a lovable way. But you are right, my landlord is a loser, as evidenced by four cops surrounding my rental last night and knocking on the door looking for said landlord for what, I do not know other than they are currently fugitives and not likely to come back here. That’s one of the reasons I don’t really worry about them taking me to court, they won’t be allowed to leave even if they win. Ok, so now I’m holding back only 70% of the story.

[temeculaguy]

Paramount you act like you are new here, I am vastly superior to others, perfect in every way, ask around.

Let’s just call it writing style with a sarcastic tone, don’t get mad, I’m pompous, but in a lovable way. But you are right, my landlord is a loser, as evidenced by four cops surrounding my rental last night and knocking on the door looking for said landlord for what, I do not know other than they are currently fugitives and not likely to come back here. That’s one of the reasons I don’t really worry about them taking me to court, they won’t be allowed to leave even if they win. Ok, so now I’m holding back only 70% of the story.

[temeculaguy]

Paramount you act like you are new here, I am vastly superior to others, perfect in every way, ask around.

Let’s just call it writing style with a sarcastic tone, don’t get mad, I’m pompous, but in a lovable way. But you are right, my landlord is a loser, as evidenced by four cops surrounding my rental last night and knocking on the door looking for said landlord for what, I do not know other than they are currently fugitives and not likely to come back here. That’s one of the reasons I don’t really worry about them taking me to court, they won’t be allowed to leave even if they win. Ok, so now I’m holding back only 70% of the story.

[paramount]

I “always” pay my bills too, that does not mean you don’t get nasty letters. There are many predators out there, and I find most nasty letters come from Dr.’s offices EVEN if you paid the bill.

I never understand why some people get satisfaction from other people’s misery.

Look at me, I’m perfect – I ALWAYS pay my bills, and the person I am paying rent to (what I am really angry about) is really a loser. See, I really am superior to my landlord.

[paramount]

I “always” pay my bills too, that does not mean you don’t get nasty letters. There are many predators out there, and I find most nasty letters come from Dr.’s offices EVEN if you paid the bill.

I never understand why some people get satisfaction from other people’s misery.

Look at me, I’m perfect – I ALWAYS pay my bills, and the person I am paying rent to (what I am really angry about) is really a loser. See, I really am superior to my landlord.

[paramount]

I “always” pay my bills too, that does not mean you don’t get nasty letters. There are many predators out there, and I find most nasty letters come from Dr.’s offices EVEN if you paid the bill.

I never understand why some people get satisfaction from other people’s misery.

Look at me, I’m perfect – I ALWAYS pay my bills, and the person I am paying rent to (what I am really angry about) is really a loser. See, I really am superior to my landlord.

[paramount]

I “always” pay my bills too, that does not mean you don’t get nasty letters. There are many predators out there, and I find most nasty letters come from Dr.’s offices EVEN if you paid the bill.

I never understand why some people get satisfaction from other people’s misery.

Look at me, I’m perfect – I ALWAYS pay my bills, and the person I am paying rent to (what I am really angry about) is really a loser. See, I really am superior to my landlord.

[temeculaguy]

I may be wrong about the hoa fees, I thought I had a past one where it was done by an impound. Either way, they split up so I got mixed info but one said two months, the other said three as far as them being behind. They are flaky and hard to get in contact with so I take what they say, what the short sale realtor says and other sources to come up with my best guess, since nobldy will actually show me anything. They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.

I’ve always paid my bills so I am a novice but I am learning how to tell from the outside of the envelope what overdue accounts look like, the paper is sometimes pink, the outside of the letter looks angry and uses phrases like “overdue, open immediately.” They havn’t come for their mail in a while, I don’t know if they ever will, I wouldn’t want to open all that angry mail. Thank goodness all the nod/not stuff is public record, I’ll save all that time trying to figure out how thick or what size envelope that comes in.

[temeculaguy]

I may be wrong about the hoa fees, I thought I had a past one where it was done by an impound. Either way, they split up so I got mixed info but one said two months, the other said three as far as them being behind. They are flaky and hard to get in contact with so I take what they say, what the short sale realtor says and other sources to come up with my best guess, since nobldy will actually show me anything. They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.

I’ve always paid my bills so I am a novice but I am learning how to tell from the outside of the envelope what overdue accounts look like, the paper is sometimes pink, the outside of the letter looks angry and uses phrases like “overdue, open immediately.” They havn’t come for their mail in a while, I don’t know if they ever will, I wouldn’t want to open all that angry mail. Thank goodness all the nod/not stuff is public record, I’ll save all that time trying to figure out how thick or what size envelope that comes in.

[temeculaguy]

I may be wrong about the hoa fees, I thought I had a past one where it was done by an impound. Either way, they split up so I got mixed info but one said two months, the other said three as far as them being behind. They are flaky and hard to get in contact with so I take what they say, what the short sale realtor says and other sources to come up with my best guess, since nobldy will actually show me anything. They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.

I’ve always paid my bills so I am a novice but I am learning how to tell from the outside of the envelope what overdue accounts look like, the paper is sometimes pink, the outside of the letter looks angry and uses phrases like “overdue, open immediately.” They havn’t come for their mail in a while, I don’t know if they ever will, I wouldn’t want to open all that angry mail. Thank goodness all the nod/not stuff is public record, I’ll save all that time trying to figure out how thick or what size envelope that comes in.

[temeculaguy]

I may be wrong about the hoa fees, I thought I had a past one where it was done by an impound. Either way, they split up so I got mixed info but one said two months, the other said three as far as them being behind. They are flaky and hard to get in contact with so I take what they say, what the short sale realtor says and other sources to come up with my best guess, since nobldy will actually show me anything. They also didn’t forward their mail but I’d never hold it up to a bright light, that would be bad.

I’ve always paid my bills so I am a novice but I am learning how to tell from the outside of the envelope what overdue accounts look like, the paper is sometimes pink, the outside of the letter looks angry and uses phrases like “overdue, open immediately.” They havn’t come for their mail in a while, I don’t know if they ever will, I wouldn’t want to open all that angry mail. Thank goodness all the nod/not stuff is public record, I’ll save all that time trying to figure out how thick or what size envelope that comes in.

[HLS]

In the past, REO’s want to be rid of it, off of their books completely.

They generally don’t try and steal you away with any financing like the incentives that a new builder tempts people with. They want to wash their hands of it.

Last week there were two days of opportunity for 30 YR fixed at 5.50%, lowest rates in years. It was back to 6% today, huge swing!

Landlord has no reason not to take whatever you offer him (Like 50% rent) if you bail early, nobody else is going to rent from him for 2 or 3 months.

I have never heard of escrow/impound account paying HOA fees.

[HLS]

In the past, REO’s want to be rid of it, off of their books completely.

They generally don’t try and steal you away with any financing like the incentives that a new builder tempts people with. They want to wash their hands of it.

Last week there were two days of opportunity for 30 YR fixed at 5.50%, lowest rates in years. It was back to 6% today, huge swing!

Landlord has no reason not to take whatever you offer him (Like 50% rent) if you bail early, nobody else is going to rent from him for 2 or 3 months.

I have never heard of escrow/impound account paying HOA fees.

[HLS]

In the past, REO’s want to be rid of it, off of their books completely.

They generally don’t try and steal you away with any financing like the incentives that a new builder tempts people with. They want to wash their hands of it.

Last week there were two days of opportunity for 30 YR fixed at 5.50%, lowest rates in years. It was back to 6% today, huge swing!

Landlord has no reason not to take whatever you offer him (Like 50% rent) if you bail early, nobody else is going to rent from him for 2 or 3 months.

I have never heard of escrow/impound account paying HOA fees.

[HLS]

In the past, REO’s want to be rid of it, off of their books completely.

They generally don’t try and steal you away with any financing like the incentives that a new builder tempts people with. They want to wash their hands of it.

Last week there were two days of opportunity for 30 YR fixed at 5.50%, lowest rates in years. It was back to 6% today, huge swing!

Landlord has no reason not to take whatever you offer him (Like 50% rent) if you bail early, nobody else is going to rent from him for 2 or 3 months.

I have never heard of escrow/impound account paying HOA fees.

[temeculaguy]

HLS, one more thing, when you buy a bank owned, do you bring your own financing or use them, what is the custom and what is the most beneficial, I know the auctions almost mandate you use their finance people.

[temeculaguy]

HLS, one more thing, when you buy a bank owned, do you bring your own financing or use them, what is the custom and what is the most beneficial, I know the auctions almost mandate you use their finance people.

[temeculaguy]

HLS, one more thing, when you buy a bank owned, do you bring your own financing or use them, what is the custom and what is the most beneficial, I know the auctions almost mandate you use their finance people.

[temeculaguy]

HLS, one more thing, when you buy a bank owned, do you bring your own financing or use them, what is the custom and what is the most beneficial, I know the auctions almost mandate you use their finance people.

[HLS]

Do you know when his last payment was ?
Why do u think NOD will be within a week ?
At this time of year, it may not arrive until January.

[HLS]

Do you know when his last payment was ?
Why do u think NOD will be within a week ?
At this time of year, it may not arrive until January.

[HLS]

Do you know when his last payment was ?
Why do u think NOD will be within a week ?
At this time of year, it may not arrive until January.

[HLS]

Do you know when his last payment was ?
Why do u think NOD will be within a week ?
At this time of year, it may not arrive until January.

[Anonymous]

temeculaguy, this almost happened to me.

Pay close attention to the last paragraph of HLS’s 12:03 am post. After the bank seizes the property and they want you out, I am told that they will probably pay for you to move out. I was told anywhere from $700 to $3000 dollars. Negotiate. Also tell the bank you need a 30 day notice and they will probably give you that and pay your move out costs.

If this foreclosure is going to go through, consider how much more money you’re going to give your landlord to pocket. The landlord lied to you, do you really think you’ll get your deposit back?…

[temeculaguy]

Marion, I never knew about them paying me to leave, that’s cool. I am not counting on getting my deposit back that’s why I’m counting it as my February rent, after Feb I will not have a deposit. I phoned them, e-mailed them and told their realtor my terms which is fair. They didn’t respond so assume it is acceptable, if not I’d love for them to try and haul me into a court, I’ve held back 80% of this nightmare and would love to tell it to a judge. I am a man who pays his way, I don’t want to live rent free, just know who to pay and when to plan on leaving. I’d also like to protect myself from losing money. I like HLS’s advice on negotiating a new price once the lease expires, they are pocketing it anyway and won’t be able to rent it out.

Renting Blows…..this is so not for me.

[HLS]

Temec…

It’s after 11, you need a drink to clear your mind..

Don’t stress over this,, you are a self proclaimed “Reverse Flipper” remember ?
You are saving money every month…

It’s going to make you stronger 🙂

[HLS]

Temec…

It’s after 11, you need a drink to clear your mind..

Don’t stress over this,, you are a self proclaimed “Reverse Flipper” remember ?
You are saving money every month…

It’s going to make you stronger 🙂

[HLS]

Temec…

It’s after 11, you need a drink to clear your mind..

Don’t stress over this,, you are a self proclaimed “Reverse Flipper” remember ?
You are saving money every month…

It’s going to make you stronger 🙂

[HLS]

Temec…

It’s after 11, you need a drink to clear your mind..

Don’t stress over this,, you are a self proclaimed “Reverse Flipper” remember ?
You are saving money every month…

It’s going to make you stronger 🙂

[HLS]

Temec…

It’s after 11, you need a drink to clear your mind..

Don’t stress over this,, you are a self proclaimed “Reverse Flipper” remember ?
You are saving money every month…

It’s going to make you stronger 🙂

[temeculaguy]

Easter Bunny would be good, I am planning on firing up my lowball cannon in January and it may take a few months to get my way.

If I could just be assured of 30 days notice that would be great, my greatest fear is being tossed out without notice even if I am willing to pay.

[temeculaguy]

I’m on drink #2 and it’s not helping, one thing can be said about owning, you are less affected by the actions of others. On a side note HLS, If I go bank owned i need to get with you and get loan approval in order to submit offers. If I do that and then end up jumping on some builder’s standing inventory and going with their in house lender for the incentives, how does the added credit inquiry affect my credit score, is it significant or minimal?

[HLS]

It’s truly minimal…
Multiple inquiries in a 15-30 day period shopping for a mortgage will probably be looked at as a single inquiry.

If it goes beyond that, a drop of a few points can be offset by the gain of points when paying monthly payments.

I hope that you use credit cards or gas cards, as each monthly payment supports your credit score, even when paid in full. I don’t think that you carry a balance, which is fine.

People who use debit cards are doing nothing for their score.

I can usually get you approved within 30 minutes at my desk.
I’ll gladly explain the process to you.

You can lock the rate whenever you are ready.
I’m available to you anytime, just say when.

[temeculaguy]

HLS I’ll let you know in the next two weeks, I’m planning on looking this weekend and formulating my lowball plan and begin “firing for effect.” Despite my fear of causing Paramount to “look at me” I primarily use just one cc because I am a flymiles junkie and I run a a good chunk of change through it and pay it off. Would it be better to use more than one cc for less dollars each than one for everything? It probably doesn’t matter since I am better than everyone else anyway.

C’mon Paramount, I’m on glass #4, you can’t just pick a fight and go to bed, not with me, nobody punks TG. That wasn’t just another point of view that was a personal attack. I’m busy this weekend and wont have the time or be in the mood, full tranistion from fighter to lover is scheduled for 9:00 a.m.

Last chance or I’ll expect a full apology in the morning, blaming the drink is acceptable and encouraged. You are a nice guy, blame the drink.

[HLS]

Temec…

Are we talking about shot glass, juice glass, coffee cup, 16oz tumbler, 1 liter water bottle that you’ve lost the cap to, or 64oz AM/PM jug ?? (with ice or without?)

At this point, just stick with your one card.
In general, credit scores will be helped by using more cards with amounts spread out, and more positive accts to report.

“Paid As Agreed” on time etc, is what helps scores.
It doesn’t usually factor amounts..

A late minimum payment ($25) is as bad as a $200 late payment, Late is LATE. 3 on time payments are better than 1 on time payment. I’m guessing that your credit score is fine anyways.

I am an affinity credit card junkie also.
If you really want to play the game, opening new accounts to get the bonus offers can be sweet, with the first year often free, and bonus miles and more free trips faster.

[HLS]

Temec…

Are we talking about shot glass, juice glass, coffee cup, 16oz tumbler, 1 liter water bottle that you’ve lost the cap to, or 64oz AM/PM jug ?? (with ice or without?)

At this point, just stick with your one card.
In general, credit scores will be helped by using more cards with amounts spread out, and more positive accts to report.

“Paid As Agreed” on time etc, is what helps scores.
It doesn’t usually factor amounts..

A late minimum payment ($25) is as bad as a $200 late payment, Late is LATE. 3 on time payments are better than 1 on time payment. I’m guessing that your credit score is fine anyways.

I am an affinity credit card junkie also.
If you really want to play the game, opening new accounts to get the bonus offers can be sweet, with the first year often free, and bonus miles and more free trips faster.

[HLS]

Temec…

Are we talking about shot glass, juice glass, coffee cup, 16oz tumbler, 1 liter water bottle that you’ve lost the cap to, or 64oz AM/PM jug ?? (with ice or without?)

At this point, just stick with your one card.
In general, credit scores will be helped by using more cards with amounts spread out, and more positive accts to report.

“Paid As Agreed” on time etc, is what helps scores.
It doesn’t usually factor amounts..

A late minimum payment ($25) is as bad as a $200 late payment, Late is LATE. 3 on time payments are better than 1 on time payment. I’m guessing that your credit score is fine anyways.

I am an affinity credit card junkie also.
If you really want to play the game, opening new accounts to get the bonus offers can be sweet, with the first year often free, and bonus miles and more free trips faster.

[HLS]

Temec…

Are we talking about shot glass, juice glass, coffee cup, 16oz tumbler, 1 liter water bottle that you’ve lost the cap to, or 64oz AM/PM jug ?? (with ice or without?)

At this point, just stick with your one card.
In general, credit scores will be helped by using more cards with amounts spread out, and more positive accts to report.

“Paid As Agreed” on time etc, is what helps scores.
It doesn’t usually factor amounts..

A late minimum payment ($25) is as bad as a $200 late payment, Late is LATE. 3 on time payments are better than 1 on time payment. I’m guessing that your credit score is fine anyways.

I am an affinity credit card junkie also.
If you really want to play the game, opening new accounts to get the bonus offers can be sweet, with the first year often free, and bonus miles and more free trips faster.

[HLS]

Temec…

Are we talking about shot glass, juice glass, coffee cup, 16oz tumbler, 1 liter water bottle that you’ve lost the cap to, or 64oz AM/PM jug ?? (with ice or without?)

At this point, just stick with your one card.
In general, credit scores will be helped by using more cards with amounts spread out, and more positive accts to report.

“Paid As Agreed” on time etc, is what helps scores.
It doesn’t usually factor amounts..

A late minimum payment ($25) is as bad as a $200 late payment, Late is LATE. 3 on time payments are better than 1 on time payment. I’m guessing that your credit score is fine anyways.

I am an affinity credit card junkie also.
If you really want to play the game, opening new accounts to get the bonus offers can be sweet, with the first year often free, and bonus miles and more free trips faster.

[SD Realtor]

tg –

If you do make the purchase you will not be able to get it from the trustee sale. Don’t confuse an REO with a trustee sale.

The home you are living in now is (if I read your post correct) in default or close to it. The foreclosure process is essentially starting. The culmination of the process will be a public auction known as a trustee sale. Anyone can attend however in order to purchase the home at the trustee sale you will not be able to come in with conventional financing. If nobody else does either the home will go back to the lender. Let that happen.

Let the home go to the lender and then once the home becomes an REO then go after it. If you do make the purchase from the lender all of the liens will be cleaned up and you will not have to worry about anything.

Also you know my stance about living in a home during the foreclosure process. All bets are off. Indeed while the state is very tenant friendly at one point or another you will be out of there. I always play things close to the vest and am conservative so yes while I would say you are safe until the trustee sale, after the trustee sale things do get a bit more dicey.

Finally as HLS said the 10 year has been on the move. Indeed from the low of 3.85 not less then 2 weeks ago we are almost 35 basis points up. This translates to a DIRECT hit on long term rates. It is not inconceivable that in another few months the 10 year can be back up another 50 bp thus bringing rates up as well. This will serve to help depress pricing and for those with cash, will be beneficial.

SD Realtor

[HLS]

SD…

Not sure if you have followed TG’s posts..
He has no intention of buying where he is right now..
It’s only a Motel 6 stop in his travels. He’ll be checking out soon.

His landlord is apparently heading to FC..

TG was asking about other REO opportunities vs. buying new from builder. He wants his next move to be his Hilton, with or without Paris or Nicky.

I really don’t like to predict rate moves, but I don’t think there will be another 50bp move close to 5% again.

Election year, weak dollar, etc. I think that we may not see a 4.50% 10YR in 2008, but the way the govt is manipulating things, they could have an influence.

I think it will stay within 25bps of 4.10% + or –
with 30 YR conforming between 5.75% and 6.25% at par.

Complete speculation.

[HLS]

SD…

Not sure if you have followed TG’s posts..
He has no intention of buying where he is right now..
It’s only a Motel 6 stop in his travels. He’ll be checking out soon.

His landlord is apparently heading to FC..

TG was asking about other REO opportunities vs. buying new from builder. He wants his next move to be his Hilton, with or without Paris or Nicky.

I really don’t like to predict rate moves, but I don’t think there will be another 50bp move close to 5% again.

Election year, weak dollar, etc. I think that we may not see a 4.50% 10YR in 2008, but the way the govt is manipulating things, they could have an influence.

I think it will stay within 25bps of 4.10% + or –
with 30 YR conforming between 5.75% and 6.25% at par.

Complete speculation.

[HLS]

SD…

Not sure if you have followed TG’s posts..
He has no intention of buying where he is right now..
It’s only a Motel 6 stop in his travels. He’ll be checking out soon.

His landlord is apparently heading to FC..

TG was asking about other REO opportunities vs. buying new from builder. He wants his next move to be his Hilton, with or without Paris or Nicky.

I really don’t like to predict rate moves, but I don’t think there will be another 50bp move close to 5% again.

Election year, weak dollar, etc. I think that we may not see a 4.50% 10YR in 2008, but the way the govt is manipulating things, they could have an influence.

I think it will stay within 25bps of 4.10% + or –
with 30 YR conforming between 5.75% and 6.25% at par.

Complete speculation.

[HLS]

SD…

Not sure if you have followed TG’s posts..
He has no intention of buying where he is right now..
It’s only a Motel 6 stop in his travels. He’ll be checking out soon.

His landlord is apparently heading to FC..

TG was asking about other REO opportunities vs. buying new from builder. He wants his next move to be his Hilton, with or without Paris or Nicky.

I really don’t like to predict rate moves, but I don’t think there will be another 50bp move close to 5% again.

Election year, weak dollar, etc. I think that we may not see a 4.50% 10YR in 2008, but the way the govt is manipulating things, they could have an influence.

I think it will stay within 25bps of 4.10% + or –
with 30 YR conforming between 5.75% and 6.25% at par.

Complete speculation.

[HLS]

SD…

Not sure if you have followed TG’s posts..
He has no intention of buying where he is right now..
It’s only a Motel 6 stop in his travels. He’ll be checking out soon.

His landlord is apparently heading to FC..

TG was asking about other REO opportunities vs. buying new from builder. He wants his next move to be his Hilton, with or without Paris or Nicky.

I really don’t like to predict rate moves, but I don’t think there will be another 50bp move close to 5% again.

Election year, weak dollar, etc. I think that we may not see a 4.50% 10YR in 2008, but the way the govt is manipulating things, they could have an influence.

I think it will stay within 25bps of 4.10% + or –
with 30 YR conforming between 5.75% and 6.25% at par.

Complete speculation.

[temeculaguy]

SD, I’m not going after the place I’m renting, I found a realtor locally with time on their hands and will write some 20% off asking lowballs on a few reo’s listed in the mls already (and have been sitting with no offers for a while). They are aware that I’m not going to let things counter up far from my offer. If todays expedition into the the interior of these places pans out, I’ll hook up the HLS, get the 30 minute approval and be able to submit that with the lowball, I want to dangle a sure thing in front of the guy/gal at the REO desk because I am asking for a screming deal. I’m trying to fast forward the banks and going for some 2001 price offers. It amounts to less than a $100 a square. If they bite, I’ll be out of here in a month and leave paid rent on the table but I don’t care because I will have pulled a 50% discount from 2005 prices, It’s all I’ve ever wanted. With regards to my current pad, I won’t push it, I will likely be out by the time of the trustee sale, I’m a nervous nelly. Just to time it so I don’t have to look for interim housing, if the banks don’t fall for my Jedi mind trick, I’ll have to go with at least a six month lease somewhere and resume shopping in September 2008. Either way I wont die.

No Nicky, no Paris, TG no like the skinny ones.

[SD Realtor]

TG good deal. I was kind of half asleep this morning posting so buying the REO as opposed to dealing with the trustee sale is smart. Lowballing is frustrating but in the end those with persistence and patience will win the game.

HLS – Not sure where the 10 year will end up in the next few months. However as you may recall back in 03 when it dumped to the low/mid 3’s that the resulting bounce back up was staggering and there were even a few originators caught in the upswing. I don’t envision that here but to think that it will not normalize to the 4.5-4.75 range is not out of norm. So to propose that through the spring that rates will be 3/8-1/2 higher then now is at least a 50/50 proposal. Just as saying that the 10 year could go down by the same amount as well. Like you said, most buyers are not aware of the volatility in the mortgage rates. Also that the window of opportunity is MUCH more narrow when the 10 year dumps then when it moves up. (That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD Realtor

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[Ricechex]

TG–I want to know the other 70% of the story! Don’t hold back! We’re your friends! Do tell.

[Ricechex]

TG–I want to know the other 70% of the story! Don’t hold back! We’re your friends! Do tell.

[Ricechex]

TG–I want to know the other 70% of the story! Don’t hold back! We’re your friends! Do tell.

[Ricechex]

TG–I want to know the other 70% of the story! Don’t hold back! We’re your friends! Do tell.

[Ricechex]

TG–I want to know the other 70% of the story! Don’t hold back! We’re your friends! Do tell.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[SD Realtor]

TG good deal. I was kind of half asleep this morning posting so buying the REO as opposed to dealing with the trustee sale is smart. Lowballing is frustrating but in the end those with persistence and patience will win the game.

HLS – Not sure where the 10 year will end up in the next few months. However as you may recall back in 03 when it dumped to the low/mid 3’s that the resulting bounce back up was staggering and there were even a few originators caught in the upswing. I don’t envision that here but to think that it will not normalize to the 4.5-4.75 range is not out of norm. So to propose that through the spring that rates will be 3/8-1/2 higher then now is at least a 50/50 proposal. Just as saying that the 10 year could go down by the same amount as well. Like you said, most buyers are not aware of the volatility in the mortgage rates. Also that the window of opportunity is MUCH more narrow when the 10 year dumps then when it moves up. (That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD Realtor

[SD Realtor]

TG good deal. I was kind of half asleep this morning posting so buying the REO as opposed to dealing with the trustee sale is smart. Lowballing is frustrating but in the end those with persistence and patience will win the game.

HLS – Not sure where the 10 year will end up in the next few months. However as you may recall back in 03 when it dumped to the low/mid 3’s that the resulting bounce back up was staggering and there were even a few originators caught in the upswing. I don’t envision that here but to think that it will not normalize to the 4.5-4.75 range is not out of norm. So to propose that through the spring that rates will be 3/8-1/2 higher then now is at least a 50/50 proposal. Just as saying that the 10 year could go down by the same amount as well. Like you said, most buyers are not aware of the volatility in the mortgage rates. Also that the window of opportunity is MUCH more narrow when the 10 year dumps then when it moves up. (That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD Realtor

[SD Realtor]

TG good deal. I was kind of half asleep this morning posting so buying the REO as opposed to dealing with the trustee sale is smart. Lowballing is frustrating but in the end those with persistence and patience will win the game.

HLS – Not sure where the 10 year will end up in the next few months. However as you may recall back in 03 when it dumped to the low/mid 3’s that the resulting bounce back up was staggering and there were even a few originators caught in the upswing. I don’t envision that here but to think that it will not normalize to the 4.5-4.75 range is not out of norm. So to propose that through the spring that rates will be 3/8-1/2 higher then now is at least a 50/50 proposal. Just as saying that the 10 year could go down by the same amount as well. Like you said, most buyers are not aware of the volatility in the mortgage rates. Also that the window of opportunity is MUCH more narrow when the 10 year dumps then when it moves up. (That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD Realtor

[SD Realtor]

TG good deal. I was kind of half asleep this morning posting so buying the REO as opposed to dealing with the trustee sale is smart. Lowballing is frustrating but in the end those with persistence and patience will win the game.

HLS – Not sure where the 10 year will end up in the next few months. However as you may recall back in 03 when it dumped to the low/mid 3’s that the resulting bounce back up was staggering and there were even a few originators caught in the upswing. I don’t envision that here but to think that it will not normalize to the 4.5-4.75 range is not out of norm. So to propose that through the spring that rates will be 3/8-1/2 higher then now is at least a 50/50 proposal. Just as saying that the 10 year could go down by the same amount as well. Like you said, most buyers are not aware of the volatility in the mortgage rates. Also that the window of opportunity is MUCH more narrow when the 10 year dumps then when it moves up. (That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD Realtor

[temeculaguy]

SD, I’m not going after the place I’m renting, I found a realtor locally with time on their hands and will write some 20% off asking lowballs on a few reo’s listed in the mls already (and have been sitting with no offers for a while). They are aware that I’m not going to let things counter up far from my offer. If todays expedition into the the interior of these places pans out, I’ll hook up the HLS, get the 30 minute approval and be able to submit that with the lowball, I want to dangle a sure thing in front of the guy/gal at the REO desk because I am asking for a screming deal. I’m trying to fast forward the banks and going for some 2001 price offers. It amounts to less than a $100 a square. If they bite, I’ll be out of here in a month and leave paid rent on the table but I don’t care because I will have pulled a 50% discount from 2005 prices, It’s all I’ve ever wanted. With regards to my current pad, I won’t push it, I will likely be out by the time of the trustee sale, I’m a nervous nelly. Just to time it so I don’t have to look for interim housing, if the banks don’t fall for my Jedi mind trick, I’ll have to go with at least a six month lease somewhere and resume shopping in September 2008. Either way I wont die.

No Nicky, no Paris, TG no like the skinny ones.

[temeculaguy]

SD, I’m not going after the place I’m renting, I found a realtor locally with time on their hands and will write some 20% off asking lowballs on a few reo’s listed in the mls already (and have been sitting with no offers for a while). They are aware that I’m not going to let things counter up far from my offer. If todays expedition into the the interior of these places pans out, I’ll hook up the HLS, get the 30 minute approval and be able to submit that with the lowball, I want to dangle a sure thing in front of the guy/gal at the REO desk because I am asking for a screming deal. I’m trying to fast forward the banks and going for some 2001 price offers. It amounts to less than a $100 a square. If they bite, I’ll be out of here in a month and leave paid rent on the table but I don’t care because I will have pulled a 50% discount from 2005 prices, It’s all I’ve ever wanted. With regards to my current pad, I won’t push it, I will likely be out by the time of the trustee sale, I’m a nervous nelly. Just to time it so I don’t have to look for interim housing, if the banks don’t fall for my Jedi mind trick, I’ll have to go with at least a six month lease somewhere and resume shopping in September 2008. Either way I wont die.

No Nicky, no Paris, TG no like the skinny ones.

[temeculaguy]

SD, I’m not going after the place I’m renting, I found a realtor locally with time on their hands and will write some 20% off asking lowballs on a few reo’s listed in the mls already (and have been sitting with no offers for a while). They are aware that I’m not going to let things counter up far from my offer. If todays expedition into the the interior of these places pans out, I’ll hook up the HLS, get the 30 minute approval and be able to submit that with the lowball, I want to dangle a sure thing in front of the guy/gal at the REO desk because I am asking for a screming deal. I’m trying to fast forward the banks and going for some 2001 price offers. It amounts to less than a $100 a square. If they bite, I’ll be out of here in a month and leave paid rent on the table but I don’t care because I will have pulled a 50% discount from 2005 prices, It’s all I’ve ever wanted. With regards to my current pad, I won’t push it, I will likely be out by the time of the trustee sale, I’m a nervous nelly. Just to time it so I don’t have to look for interim housing, if the banks don’t fall for my Jedi mind trick, I’ll have to go with at least a six month lease somewhere and resume shopping in September 2008. Either way I wont die.

No Nicky, no Paris, TG no like the skinny ones.

[temeculaguy]

SD, I’m not going after the place I’m renting, I found a realtor locally with time on their hands and will write some 20% off asking lowballs on a few reo’s listed in the mls already (and have been sitting with no offers for a while). They are aware that I’m not going to let things counter up far from my offer. If todays expedition into the the interior of these places pans out, I’ll hook up the HLS, get the 30 minute approval and be able to submit that with the lowball, I want to dangle a sure thing in front of the guy/gal at the REO desk because I am asking for a screming deal. I’m trying to fast forward the banks and going for some 2001 price offers. It amounts to less than a $100 a square. If they bite, I’ll be out of here in a month and leave paid rent on the table but I don’t care because I will have pulled a 50% discount from 2005 prices, It’s all I’ve ever wanted. With regards to my current pad, I won’t push it, I will likely be out by the time of the trustee sale, I’m a nervous nelly. Just to time it so I don’t have to look for interim housing, if the banks don’t fall for my Jedi mind trick, I’ll have to go with at least a six month lease somewhere and resume shopping in September 2008. Either way I wont die.

No Nicky, no Paris, TG no like the skinny ones.

[SD Realtor]

tg –

If you do make the purchase you will not be able to get it from the trustee sale. Don’t confuse an REO with a trustee sale.

The home you are living in now is (if I read your post correct) in default or close to it. The foreclosure process is essentially starting. The culmination of the process will be a public auction known as a trustee sale. Anyone can attend however in order to purchase the home at the trustee sale you will not be able to come in with conventional financing. If nobody else does either the home will go back to the lender. Let that happen.

Let the home go to the lender and then once the home becomes an REO then go after it. If you do make the purchase from the lender all of the liens will be cleaned up and you will not have to worry about anything.

Also you know my stance about living in a home during the foreclosure process. All bets are off. Indeed while the state is very tenant friendly at one point or another you will be out of there. I always play things close to the vest and am conservative so yes while I would say you are safe until the trustee sale, after the trustee sale things do get a bit more dicey.

Finally as HLS said the 10 year has been on the move. Indeed from the low of 3.85 not less then 2 weeks ago we are almost 35 basis points up. This translates to a DIRECT hit on long term rates. It is not inconceivable that in another few months the 10 year can be back up another 50 bp thus bringing rates up as well. This will serve to help depress pricing and for those with cash, will be beneficial.

SD Realtor

[SD Realtor]

tg –

If you do make the purchase you will not be able to get it from the trustee sale. Don’t confuse an REO with a trustee sale.

The home you are living in now is (if I read your post correct) in default or close to it. The foreclosure process is essentially starting. The culmination of the process will be a public auction known as a trustee sale. Anyone can attend however in order to purchase the home at the trustee sale you will not be able to come in with conventional financing. If nobody else does either the home will go back to the lender. Let that happen.

Let the home go to the lender and then once the home becomes an REO then go after it. If you do make the purchase from the lender all of the liens will be cleaned up and you will not have to worry about anything.

Also you know my stance about living in a home during the foreclosure process. All bets are off. Indeed while the state is very tenant friendly at one point or another you will be out of there. I always play things close to the vest and am conservative so yes while I would say you are safe until the trustee sale, after the trustee sale things do get a bit more dicey.

Finally as HLS said the 10 year has been on the move. Indeed from the low of 3.85 not less then 2 weeks ago we are almost 35 basis points up. This translates to a DIRECT hit on long term rates. It is not inconceivable that in another few months the 10 year can be back up another 50 bp thus bringing rates up as well. This will serve to help depress pricing and for those with cash, will be beneficial.

SD Realtor

[SD Realtor]

tg –

If you do make the purchase you will not be able to get it from the trustee sale. Don’t confuse an REO with a trustee sale.

The home you are living in now is (if I read your post correct) in default or close to it. The foreclosure process is essentially starting. The culmination of the process will be a public auction known as a trustee sale. Anyone can attend however in order to purchase the home at the trustee sale you will not be able to come in with conventional financing. If nobody else does either the home will go back to the lender. Let that happen.

Let the home go to the lender and then once the home becomes an REO then go after it. If you do make the purchase from the lender all of the liens will be cleaned up and you will not have to worry about anything.

Also you know my stance about living in a home during the foreclosure process. All bets are off. Indeed while the state is very tenant friendly at one point or another you will be out of there. I always play things close to the vest and am conservative so yes while I would say you are safe until the trustee sale, after the trustee sale things do get a bit more dicey.

Finally as HLS said the 10 year has been on the move. Indeed from the low of 3.85 not less then 2 weeks ago we are almost 35 basis points up. This translates to a DIRECT hit on long term rates. It is not inconceivable that in another few months the 10 year can be back up another 50 bp thus bringing rates up as well. This will serve to help depress pricing and for those with cash, will be beneficial.

SD Realtor

[SD Realtor]

tg –

If you do make the purchase you will not be able to get it from the trustee sale. Don’t confuse an REO with a trustee sale.

The home you are living in now is (if I read your post correct) in default or close to it. The foreclosure process is essentially starting. The culmination of the process will be a public auction known as a trustee sale. Anyone can attend however in order to purchase the home at the trustee sale you will not be able to come in with conventional financing. If nobody else does either the home will go back to the lender. Let that happen.

Let the home go to the lender and then once the home becomes an REO then go after it. If you do make the purchase from the lender all of the liens will be cleaned up and you will not have to worry about anything.

Also you know my stance about living in a home during the foreclosure process. All bets are off. Indeed while the state is very tenant friendly at one point or another you will be out of there. I always play things close to the vest and am conservative so yes while I would say you are safe until the trustee sale, after the trustee sale things do get a bit more dicey.

Finally as HLS said the 10 year has been on the move. Indeed from the low of 3.85 not less then 2 weeks ago we are almost 35 basis points up. This translates to a DIRECT hit on long term rates. It is not inconceivable that in another few months the 10 year can be back up another 50 bp thus bringing rates up as well. This will serve to help depress pricing and for those with cash, will be beneficial.

SD Realtor

[temeculaguy]

HLS I’ll let you know in the next two weeks, I’m planning on looking this weekend and formulating my lowball plan and begin “firing for effect.” Despite my fear of causing Paramount to “look at me” I primarily use just one cc because I am a flymiles junkie and I run a a good chunk of change through it and pay it off. Would it be better to use more than one cc for less dollars each than one for everything? It probably doesn’t matter since I am better than everyone else anyway.

C’mon Paramount, I’m on glass #4, you can’t just pick a fight and go to bed, not with me, nobody punks TG. That wasn’t just another point of view that was a personal attack. I’m busy this weekend and wont have the time or be in the mood, full tranistion from fighter to lover is scheduled for 9:00 a.m.

Last chance or I’ll expect a full apology in the morning, blaming the drink is acceptable and encouraged. You are a nice guy, blame the drink.

[temeculaguy]

HLS I’ll let you know in the next two weeks, I’m planning on looking this weekend and formulating my lowball plan and begin “firing for effect.” Despite my fear of causing Paramount to “look at me” I primarily use just one cc because I am a flymiles junkie and I run a a good chunk of change through it and pay it off. Would it be better to use more than one cc for less dollars each than one for everything? It probably doesn’t matter since I am better than everyone else anyway.

C’mon Paramount, I’m on glass #4, you can’t just pick a fight and go to bed, not with me, nobody punks TG. That wasn’t just another point of view that was a personal attack. I’m busy this weekend and wont have the time or be in the mood, full tranistion from fighter to lover is scheduled for 9:00 a.m.

Last chance or I’ll expect a full apology in the morning, blaming the drink is acceptable and encouraged. You are a nice guy, blame the drink.

[temeculaguy]

HLS I’ll let you know in the next two weeks, I’m planning on looking this weekend and formulating my lowball plan and begin “firing for effect.” Despite my fear of causing Paramount to “look at me” I primarily use just one cc because I am a flymiles junkie and I run a a good chunk of change through it and pay it off. Would it be better to use more than one cc for less dollars each than one for everything? It probably doesn’t matter since I am better than everyone else anyway.

C’mon Paramount, I’m on glass #4, you can’t just pick a fight and go to bed, not with me, nobody punks TG. That wasn’t just another point of view that was a personal attack. I’m busy this weekend and wont have the time or be in the mood, full tranistion from fighter to lover is scheduled for 9:00 a.m.

Last chance or I’ll expect a full apology in the morning, blaming the drink is acceptable and encouraged. You are a nice guy, blame the drink.

[temeculaguy]

HLS I’ll let you know in the next two weeks, I’m planning on looking this weekend and formulating my lowball plan and begin “firing for effect.” Despite my fear of causing Paramount to “look at me” I primarily use just one cc because I am a flymiles junkie and I run a a good chunk of change through it and pay it off. Would it be better to use more than one cc for less dollars each than one for everything? It probably doesn’t matter since I am better than everyone else anyway.

C’mon Paramount, I’m on glass #4, you can’t just pick a fight and go to bed, not with me, nobody punks TG. That wasn’t just another point of view that was a personal attack. I’m busy this weekend and wont have the time or be in the mood, full tranistion from fighter to lover is scheduled for 9:00 a.m.

Last chance or I’ll expect a full apology in the morning, blaming the drink is acceptable and encouraged. You are a nice guy, blame the drink.

[HLS]

It’s truly minimal…
Multiple inquiries in a 15-30 day period shopping for a mortgage will probably be looked at as a single inquiry.

If it goes beyond that, a drop of a few points can be offset by the gain of points when paying monthly payments.

I hope that you use credit cards or gas cards, as each monthly payment supports your credit score, even when paid in full. I don’t think that you carry a balance, which is fine.

People who use debit cards are doing nothing for their score.

I can usually get you approved within 30 minutes at my desk.
I’ll gladly explain the process to you.

You can lock the rate whenever you are ready.
I’m available to you anytime, just say when.

[HLS]

It’s truly minimal…
Multiple inquiries in a 15-30 day period shopping for a mortgage will probably be looked at as a single inquiry.

If it goes beyond that, a drop of a few points can be offset by the gain of points when paying monthly payments.

I hope that you use credit cards or gas cards, as each monthly payment supports your credit score, even when paid in full. I don’t think that you carry a balance, which is fine.

People who use debit cards are doing nothing for their score.

I can usually get you approved within 30 minutes at my desk.
I’ll gladly explain the process to you.

You can lock the rate whenever you are ready.
I’m available to you anytime, just say when.

[HLS]

It’s truly minimal…
Multiple inquiries in a 15-30 day period shopping for a mortgage will probably be looked at as a single inquiry.

If it goes beyond that, a drop of a few points can be offset by the gain of points when paying monthly payments.

I hope that you use credit cards or gas cards, as each monthly payment supports your credit score, even when paid in full. I don’t think that you carry a balance, which is fine.

People who use debit cards are doing nothing for their score.

I can usually get you approved within 30 minutes at my desk.
I’ll gladly explain the process to you.

You can lock the rate whenever you are ready.
I’m available to you anytime, just say when.

[HLS]

It’s truly minimal…
Multiple inquiries in a 15-30 day period shopping for a mortgage will probably be looked at as a single inquiry.

If it goes beyond that, a drop of a few points can be offset by the gain of points when paying monthly payments.

I hope that you use credit cards or gas cards, as each monthly payment supports your credit score, even when paid in full. I don’t think that you carry a balance, which is fine.

People who use debit cards are doing nothing for their score.

I can usually get you approved within 30 minutes at my desk.
I’ll gladly explain the process to you.

You can lock the rate whenever you are ready.
I’m available to you anytime, just say when.

[temeculaguy]

I’m on drink #2 and it’s not helping, one thing can be said about owning, you are less affected by the actions of others. On a side note HLS, If I go bank owned i need to get with you and get loan approval in order to submit offers. If I do that and then end up jumping on some builder’s standing inventory and going with their in house lender for the incentives, how does the added credit inquiry affect my credit score, is it significant or minimal?

[temeculaguy]

I’m on drink #2 and it’s not helping, one thing can be said about owning, you are less affected by the actions of others. On a side note HLS, If I go bank owned i need to get with you and get loan approval in order to submit offers. If I do that and then end up jumping on some builder’s standing inventory and going with their in house lender for the incentives, how does the added credit inquiry affect my credit score, is it significant or minimal?

[temeculaguy]

I’m on drink #2 and it’s not helping, one thing can be said about owning, you are less affected by the actions of others. On a side note HLS, If I go bank owned i need to get with you and get loan approval in order to submit offers. If I do that and then end up jumping on some builder’s standing inventory and going with their in house lender for the incentives, how does the added credit inquiry affect my credit score, is it significant or minimal?

[temeculaguy]

I’m on drink #2 and it’s not helping, one thing can be said about owning, you are less affected by the actions of others. On a side note HLS, If I go bank owned i need to get with you and get loan approval in order to submit offers. If I do that and then end up jumping on some builder’s standing inventory and going with their in house lender for the incentives, how does the added credit inquiry affect my credit score, is it significant or minimal?

[HLS]

Perhaps DaCounselor will chime in, but in CA, tenants have LOT’S of rights, even in a FC…

I think that 30 days is a minimum for notice, and I can loan you my squirt gun and you can show some tears, we can prob get you more…

If we can get you a baby to borrow along with those tears, then you can probably be on the 11pm news for a story on being evicted with an infant….
That’s popular stuff today..

I’d say you’ll get $1500-$2000 for moving expenses, and maybe some donated baby stuff after you’re on TV.

[HLS]

Perhaps DaCounselor will chime in, but in CA, tenants have LOT’S of rights, even in a FC…

I think that 30 days is a minimum for notice, and I can loan you my squirt gun and you can show some tears, we can prob get you more…

If we can get you a baby to borrow along with those tears, then you can probably be on the 11pm news for a story on being evicted with an infant….
That’s popular stuff today..

I’d say you’ll get $1500-$2000 for moving expenses, and maybe some donated baby stuff after you’re on TV.

[HLS]

Perhaps DaCounselor will chime in, but in CA, tenants have LOT’S of rights, even in a FC…

I think that 30 days is a minimum for notice, and I can loan you my squirt gun and you can show some tears, we can prob get you more…

If we can get you a baby to borrow along with those tears, then you can probably be on the 11pm news for a story on being evicted with an infant….
That’s popular stuff today..

I’d say you’ll get $1500-$2000 for moving expenses, and maybe some donated baby stuff after you’re on TV.

[HLS]

Perhaps DaCounselor will chime in, but in CA, tenants have LOT’S of rights, even in a FC…

I think that 30 days is a minimum for notice, and I can loan you my squirt gun and you can show some tears, we can prob get you more…

If we can get you a baby to borrow along with those tears, then you can probably be on the 11pm news for a story on being evicted with an infant….
That’s popular stuff today..

I’d say you’ll get $1500-$2000 for moving expenses, and maybe some donated baby stuff after you’re on TV.

[HLS]

Perhaps DaCounselor will chime in, but in CA, tenants have LOT’S of rights, even in a FC…

I think that 30 days is a minimum for notice, and I can loan you my squirt gun and you can show some tears, we can prob get you more…

If we can get you a baby to borrow along with those tears, then you can probably be on the 11pm news for a story on being evicted with an infant….
That’s popular stuff today..

I’d say you’ll get $1500-$2000 for moving expenses, and maybe some donated baby stuff after you’re on TV.

[temeculaguy]

Easter Bunny would be good, I am planning on firing up my lowball cannon in January and it may take a few months to get my way.

If I could just be assured of 30 days notice that would be great, my greatest fear is being tossed out without notice even if I am willing to pay.

[temeculaguy]

Easter Bunny would be good, I am planning on firing up my lowball cannon in January and it may take a few months to get my way.

If I could just be assured of 30 days notice that would be great, my greatest fear is being tossed out without notice even if I am willing to pay.

[temeculaguy]

Easter Bunny would be good, I am planning on firing up my lowball cannon in January and it may take a few months to get my way.

If I could just be assured of 30 days notice that would be great, my greatest fear is being tossed out without notice even if I am willing to pay.

[temeculaguy]

Easter Bunny would be good, I am planning on firing up my lowball cannon in January and it may take a few months to get my way.

If I could just be assured of 30 days notice that would be great, my greatest fear is being tossed out without notice even if I am willing to pay.

[temeculaguy]

Marion, I never knew about them paying me to leave, that’s cool. I am not counting on getting my deposit back that’s why I’m counting it as my February rent, after Feb I will not have a deposit. I phoned them, e-mailed them and told their realtor my terms which is fair. They didn’t respond so assume it is acceptable, if not I’d love for them to try and haul me into a court, I’ve held back 80% of this nightmare and would love to tell it to a judge. I am a man who pays his way, I don’t want to live rent free, just know who to pay and when to plan on leaving. I’d also like to protect myself from losing money. I like HLS’s advice on negotiating a new price once the lease expires, they are pocketing it anyway and won’t be able to rent it out.

Renting Blows…..this is so not for me.

[temeculaguy]

Marion, I never knew about them paying me to leave, that’s cool. I am not counting on getting my deposit back that’s why I’m counting it as my February rent, after Feb I will not have a deposit. I phoned them, e-mailed them and told their realtor my terms which is fair. They didn’t respond so assume it is acceptable, if not I’d love for them to try and haul me into a court, I’ve held back 80% of this nightmare and would love to tell it to a judge. I am a man who pays his way, I don’t want to live rent free, just know who to pay and when to plan on leaving. I’d also like to protect myself from losing money. I like HLS’s advice on negotiating a new price once the lease expires, they are pocketing it anyway and won’t be able to rent it out.

Renting Blows…..this is so not for me.

[temeculaguy]

Marion, I never knew about them paying me to leave, that’s cool. I am not counting on getting my deposit back that’s why I’m counting it as my February rent, after Feb I will not have a deposit. I phoned them, e-mailed them and told their realtor my terms which is fair. They didn’t respond so assume it is acceptable, if not I’d love for them to try and haul me into a court, I’ve held back 80% of this nightmare and would love to tell it to a judge. I am a man who pays his way, I don’t want to live rent free, just know who to pay and when to plan on leaving. I’d also like to protect myself from losing money. I like HLS’s advice on negotiating a new price once the lease expires, they are pocketing it anyway and won’t be able to rent it out.

Renting Blows…..this is so not for me.

[temeculaguy]

Marion, I never knew about them paying me to leave, that’s cool. I am not counting on getting my deposit back that’s why I’m counting it as my February rent, after Feb I will not have a deposit. I phoned them, e-mailed them and told their realtor my terms which is fair. They didn’t respond so assume it is acceptable, if not I’d love for them to try and haul me into a court, I’ve held back 80% of this nightmare and would love to tell it to a judge. I am a man who pays his way, I don’t want to live rent free, just know who to pay and when to plan on leaving. I’d also like to protect myself from losing money. I like HLS’s advice on negotiating a new price once the lease expires, they are pocketing it anyway and won’t be able to rent it out.

Renting Blows…..this is so not for me.

[Anonymous]

temeculaguy, this almost happened to me.

Pay close attention to the last paragraph of HLS’s 12:03 am post. After the bank seizes the property and they want you out, I am told that they will probably pay for you to move out. I was told anywhere from $700 to $3000 dollars. Negotiate. Also tell the bank you need a 30 day notice and they will probably give you that and pay your move out costs.

If this foreclosure is going to go through, consider how much more money you’re going to give your landlord to pocket. The landlord lied to you, do you really think you’ll get your deposit back?…

[Anonymous]

temeculaguy, this almost happened to me.

Pay close attention to the last paragraph of HLS’s 12:03 am post. After the bank seizes the property and they want you out, I am told that they will probably pay for you to move out. I was told anywhere from $700 to $3000 dollars. Negotiate. Also tell the bank you need a 30 day notice and they will probably give you that and pay your move out costs.

If this foreclosure is going to go through, consider how much more money you’re going to give your landlord to pocket. The landlord lied to you, do you really think you’ll get your deposit back?…

[Anonymous]

temeculaguy, this almost happened to me.

Pay close attention to the last paragraph of HLS’s 12:03 am post. After the bank seizes the property and they want you out, I am told that they will probably pay for you to move out. I was told anywhere from $700 to $3000 dollars. Negotiate. Also tell the bank you need a 30 day notice and they will probably give you that and pay your move out costs.

If this foreclosure is going to go through, consider how much more money you’re going to give your landlord to pocket. The landlord lied to you, do you really think you’ll get your deposit back?…

[Anonymous]

temeculaguy, this almost happened to me.

Pay close attention to the last paragraph of HLS’s 12:03 am post. After the bank seizes the property and they want you out, I am told that they will probably pay for you to move out. I was told anywhere from $700 to $3000 dollars. Negotiate. Also tell the bank you need a 30 day notice and they will probably give you that and pay your move out costs.

If this foreclosure is going to go through, consider how much more money you’re going to give your landlord to pocket. The landlord lied to you, do you really think you’ll get your deposit back?…

[HLS]

Temec…
Usually 3 months to NOD, then 3 more months to schedule sale, and about 20 days after that, at the earliest..

The house is still your landlord’s until the trustee sale.

I don’t think that the servicer will contact you until after the sale, and some are taking much longer than 6 months, esp when it involves a jumbo loan (over $417K)

I’d guess that you have well into April..
and someone may even offer you money to vacate after that!

[HLS]

Temec…
Usually 3 months to NOD, then 3 more months to schedule sale, and about 20 days after that, at the earliest..

The house is still your landlord’s until the trustee sale.

I don’t think that the servicer will contact you until after the sale, and some are taking much longer than 6 months, esp when it involves a jumbo loan (over $417K)

I’d guess that you have well into April..
and someone may even offer you money to vacate after that!

[HLS]

Temec…
Usually 3 months to NOD, then 3 more months to schedule sale, and about 20 days after that, at the earliest..

The house is still your landlord’s until the trustee sale.

I don’t think that the servicer will contact you until after the sale, and some are taking much longer than 6 months, esp when it involves a jumbo loan (over $417K)

I’d guess that you have well into April..
and someone may even offer you money to vacate after that!

[HLS]

Temec…
Usually 3 months to NOD, then 3 more months to schedule sale, and about 20 days after that, at the earliest..

The house is still your landlord’s until the trustee sale.

I don’t think that the servicer will contact you until after the sale, and some are taking much longer than 6 months, esp when it involves a jumbo loan (over $417K)

I’d guess that you have well into April..
and someone may even offer you money to vacate after that!

[Author]

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