WOW NOD and TRUSTEE SALES SKY ROCKET IN JUNE!!!!!!!!!

[UCGal]

[quote=santeeman][quote=mwtosd]Maybe there is a huge increase in them because of the coming moratorium at the beginning of July in CA and the banks want to foreclose on as many as fit the timeline from the previous moratorium?[/quote]

Where do you find info on this upcoming moratorium?

I have searched and can’t find anything on it.[/quote]

Here’s the info on it:

http://www.vvdailypress.com/news/victorville-12457-foreclosure-heart.html

The bill, called the California Foreclosure Prevention Act, was introduced by Sen. Ellen Corbett, D-San Leandro, and attached to the budget package in February. The foreclosure moratorium takes affect June 15 and covers owner-occupied homes where the first loan was recorded between Jan. 1, 2003, and Jan. 1, 2008.

[santeeman]

Thanks. Though it doesn’t give much detail on why or what they intend to do. It does say it will be a 90 day moratorium. That will push foreclosures off until the fall. Not a good time of year to have more houses on the market.

[santeeman]

Thanks. Though it doesn’t give much detail on why or what they intend to do. It does say it will be a 90 day moratorium. That will push foreclosures off until the fall. Not a good time of year to have more houses on the market.

[santeeman]

Thanks. Though it doesn’t give much detail on why or what they intend to do. It does say it will be a 90 day moratorium. That will push foreclosures off until the fall. Not a good time of year to have more houses on the market.

[santeeman]

Thanks. Though it doesn’t give much detail on why or what they intend to do. It does say it will be a 90 day moratorium. That will push foreclosures off until the fall. Not a good time of year to have more houses on the market.

[santeeman]

Thanks. Though it doesn’t give much detail on why or what they intend to do. It does say it will be a 90 day moratorium. That will push foreclosures off until the fall. Not a good time of year to have more houses on the market.

[DWCAP]

The point of this isnt to delay. This is a club to try to get more and more loan servicers to modify loans. The hope is that a) more loans will be modified to stop foreclosure, b)this will help stablize house values and maybe see some increases, further reducing foreclosures as fewer and fewer people are underwater.

It is a bunch of Bull$%^@, but then the people who wrote this crap actually believe that the problem is falling prices (not bubble prices), and the solution is foreclosure prevention (not affordable prices). Besides, the state government has been kicking the budget can down the road for YEARS, and look how well THAT has turned out for us!

[DWCAP]

The point of this isnt to delay. This is a club to try to get more and more loan servicers to modify loans. The hope is that a) more loans will be modified to stop foreclosure, b)this will help stablize house values and maybe see some increases, further reducing foreclosures as fewer and fewer people are underwater.

It is a bunch of Bull$%^@, but then the people who wrote this crap actually believe that the problem is falling prices (not bubble prices), and the solution is foreclosure prevention (not affordable prices). Besides, the state government has been kicking the budget can down the road for YEARS, and look how well THAT has turned out for us!

[DWCAP]

The point of this isnt to delay. This is a club to try to get more and more loan servicers to modify loans. The hope is that a) more loans will be modified to stop foreclosure, b)this will help stablize house values and maybe see some increases, further reducing foreclosures as fewer and fewer people are underwater.

It is a bunch of Bull$%^@, but then the people who wrote this crap actually believe that the problem is falling prices (not bubble prices), and the solution is foreclosure prevention (not affordable prices). Besides, the state government has been kicking the budget can down the road for YEARS, and look how well THAT has turned out for us!

[DWCAP]

The point of this isnt to delay. This is a club to try to get more and more loan servicers to modify loans. The hope is that a) more loans will be modified to stop foreclosure, b)this will help stablize house values and maybe see some increases, further reducing foreclosures as fewer and fewer people are underwater.

It is a bunch of Bull$%^@, but then the people who wrote this crap actually believe that the problem is falling prices (not bubble prices), and the solution is foreclosure prevention (not affordable prices). Besides, the state government has been kicking the budget can down the road for YEARS, and look how well THAT has turned out for us!

[DWCAP]

The point of this isnt to delay. This is a club to try to get more and more loan servicers to modify loans. The hope is that a) more loans will be modified to stop foreclosure, b)this will help stablize house values and maybe see some increases, further reducing foreclosures as fewer and fewer people are underwater.

It is a bunch of Bull$%^@, but then the people who wrote this crap actually believe that the problem is falling prices (not bubble prices), and the solution is foreclosure prevention (not affordable prices). Besides, the state government has been kicking the budget can down the road for YEARS, and look how well THAT has turned out for us!

[Arraya]

[quote=peterb]Few things give up life easily. Be they institutions, nations, people, etc…But the actions of a death rattle are fierce and unusual. The things the govt is doing lately are astonishing. I never thought I’d see this kind of thing. This portends real trouble. IMO.[/quote]

I think debt rattle would be more appropriate

[Arraya]

[quote=peterb]Few things give up life easily. Be they institutions, nations, people, etc…But the actions of a death rattle are fierce and unusual. The things the govt is doing lately are astonishing. I never thought I’d see this kind of thing. This portends real trouble. IMO.[/quote]

I think debt rattle would be more appropriate

[Arraya]

[quote=peterb]Few things give up life easily. Be they institutions, nations, people, etc…But the actions of a death rattle are fierce and unusual. The things the govt is doing lately are astonishing. I never thought I’d see this kind of thing. This portends real trouble. IMO.[/quote]

I think debt rattle would be more appropriate

[Arraya]

[quote=peterb]Few things give up life easily. Be they institutions, nations, people, etc…But the actions of a death rattle are fierce and unusual. The things the govt is doing lately are astonishing. I never thought I’d see this kind of thing. This portends real trouble. IMO.[/quote]

I think debt rattle would be more appropriate

[Author]

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