What makes some properties get foreclosed on more than others…

[UCGal]

Example:

850 Beech Street, #213

http://www.redfin.com/CA/San-Diego/850-Beech-St-92101/unit-213/home/6524646

Property history on redfin shows it was foreclosed on October 2008. It was sold as an REO in Feb. 2009.

http://www.sdlookup.com/Property-6C822953-850_Beech_St_213_San_Diego_CA_92101#112563

Now it’s foreclosed again. 18 months later. How does a person go from purchase to foreclosure that quick unless they never made a payment after closing. 3 months before the NOD is issued, another 3 months before the NOT. And weren’t there moratoria on foreclosures during that time?

I even considered some of flu’s chinese numerology – but 850 has some decent numbers from what I can tell… isn’t 8 the best?

Is this condo cursed?

[SD Realtor]

heheheh –

No I don’t think the condo is cursed, just another case of lame buyers. The timelines look fine to me and I see nothing wrong with them. In fact this is EXACTLY what is needed.

When the NOD was issued in July of 2000 there was already a 7900 deficiency. The loan was originated by a company called InstaMortgage but no clue who owns the paper. You could trace it through the trustee but it doesn’t matter right?

From the NOD to now is in the proper timeline. Tight but legal. Refreshing to see and definitely not the norm. No there were not moratoria. There were certain institutions that held off voluntarily but that is it. There are also guidelines that must be followed through the process such as trying to do mods, proper notifications, etc, however they do not stop the foreclosure timeline if done properly.

Also note that some people opt out of trying to do mods in a voluntary manner. Also many people do not go to legal centers or lawyers to do the BK route.

We need more like this!

[SD Realtor]

heheheh –

No I don’t think the condo is cursed, just another case of lame buyers. The timelines look fine to me and I see nothing wrong with them. In fact this is EXACTLY what is needed.

When the NOD was issued in July of 2000 there was already a 7900 deficiency. The loan was originated by a company called InstaMortgage but no clue who owns the paper. You could trace it through the trustee but it doesn’t matter right?

From the NOD to now is in the proper timeline. Tight but legal. Refreshing to see and definitely not the norm. No there were not moratoria. There were certain institutions that held off voluntarily but that is it. There are also guidelines that must be followed through the process such as trying to do mods, proper notifications, etc, however they do not stop the foreclosure timeline if done properly.

Also note that some people opt out of trying to do mods in a voluntary manner. Also many people do not go to legal centers or lawyers to do the BK route.

We need more like this!

[SD Realtor]

heheheh –

No I don’t think the condo is cursed, just another case of lame buyers. The timelines look fine to me and I see nothing wrong with them. In fact this is EXACTLY what is needed.

When the NOD was issued in July of 2000 there was already a 7900 deficiency. The loan was originated by a company called InstaMortgage but no clue who owns the paper. You could trace it through the trustee but it doesn’t matter right?

From the NOD to now is in the proper timeline. Tight but legal. Refreshing to see and definitely not the norm. No there were not moratoria. There were certain institutions that held off voluntarily but that is it. There are also guidelines that must be followed through the process such as trying to do mods, proper notifications, etc, however they do not stop the foreclosure timeline if done properly.

Also note that some people opt out of trying to do mods in a voluntary manner. Also many people do not go to legal centers or lawyers to do the BK route.

We need more like this!

[SD Realtor]

heheheh –

No I don’t think the condo is cursed, just another case of lame buyers. The timelines look fine to me and I see nothing wrong with them. In fact this is EXACTLY what is needed.

When the NOD was issued in July of 2000 there was already a 7900 deficiency. The loan was originated by a company called InstaMortgage but no clue who owns the paper. You could trace it through the trustee but it doesn’t matter right?

From the NOD to now is in the proper timeline. Tight but legal. Refreshing to see and definitely not the norm. No there were not moratoria. There were certain institutions that held off voluntarily but that is it. There are also guidelines that must be followed through the process such as trying to do mods, proper notifications, etc, however they do not stop the foreclosure timeline if done properly.

Also note that some people opt out of trying to do mods in a voluntary manner. Also many people do not go to legal centers or lawyers to do the BK route.

We need more like this!

[SD Realtor]

heheheh –

No I don’t think the condo is cursed, just another case of lame buyers. The timelines look fine to me and I see nothing wrong with them. In fact this is EXACTLY what is needed.

When the NOD was issued in July of 2000 there was already a 7900 deficiency. The loan was originated by a company called InstaMortgage but no clue who owns the paper. You could trace it through the trustee but it doesn’t matter right?

From the NOD to now is in the proper timeline. Tight but legal. Refreshing to see and definitely not the norm. No there were not moratoria. There were certain institutions that held off voluntarily but that is it. There are also guidelines that must be followed through the process such as trying to do mods, proper notifications, etc, however they do not stop the foreclosure timeline if done properly.

Also note that some people opt out of trying to do mods in a voluntary manner. Also many people do not go to legal centers or lawyers to do the BK route.

We need more like this!

[briansd1]

[quote=UCGal]

Now it’s foreclosed again. 18 months later.

[/quote]

I’ve never understood people who buy on a shoestring.

Actually, providing financing to buyers on a shoestring props put the market and provides churn for Realtors and the industry.

We don’t need more foreclosures. We need to have regulations so that mortgages are not provided to financially weak buyers with low down payments.

The 11/2010 foreclosure on this condo would not have happened with better regulations and better underwriting standards.

[briansd1]

[quote=UCGal]

Now it’s foreclosed again. 18 months later.

[/quote]

I’ve never understood people who buy on a shoestring.

Actually, providing financing to buyers on a shoestring props put the market and provides churn for Realtors and the industry.

We don’t need more foreclosures. We need to have regulations so that mortgages are not provided to financially weak buyers with low down payments.

The 11/2010 foreclosure on this condo would not have happened with better regulations and better underwriting standards.

[briansd1]

[quote=UCGal]

Now it’s foreclosed again. 18 months later.

[/quote]

I’ve never understood people who buy on a shoestring.

Actually, providing financing to buyers on a shoestring props put the market and provides churn for Realtors and the industry.

We don’t need more foreclosures. We need to have regulations so that mortgages are not provided to financially weak buyers with low down payments.

The 11/2010 foreclosure on this condo would not have happened with better regulations and better underwriting standards.

[briansd1]

[quote=UCGal]

Now it’s foreclosed again. 18 months later.

[/quote]

I’ve never understood people who buy on a shoestring.

Actually, providing financing to buyers on a shoestring props put the market and provides churn for Realtors and the industry.

We don’t need more foreclosures. We need to have regulations so that mortgages are not provided to financially weak buyers with low down payments.

The 11/2010 foreclosure on this condo would not have happened with better regulations and better underwriting standards.

[briansd1]

[quote=UCGal]

Now it’s foreclosed again. 18 months later.

[/quote]

I’ve never understood people who buy on a shoestring.

Actually, providing financing to buyers on a shoestring props put the market and provides churn for Realtors and the industry.

We don’t need more foreclosures. We need to have regulations so that mortgages are not provided to financially weak buyers with low down payments.

The 11/2010 foreclosure on this condo would not have happened with better regulations and better underwriting standards.

[DataAgent]

> We need to have regulations…

You must be a Democrat.

[DataAgent]

> We need to have regulations…

You must be a Democrat.

[DataAgent]

> We need to have regulations…

You must be a Democrat.

[DataAgent]

> We need to have regulations…

You must be a Democrat.

[Author]

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