[Bob]

[quote=jpinpb]Also – it would have been nice if Mr. Mortgage would have mentioned SBX2 7 Senate Bill in California (especially since I emailed him)[/quote]

I’m not here to defend Mr.Mortgage, but I believe his predictions regarding the next foreclosure wave includes the entire country, not just California. And the California bill “SBX2 7” doesn’t go into effect until July 1st, which means it will have little, or no, influence on foreclosures already in the pipeline that should hit the market this spring/summer. In fact, the California bill will only repeat what an earlier version did, which was to delay the inevitable.

A far more important modification program that could put a serious dent in future foreclosures is the Obama plan to modify 2’nds. If servicers go along with the bribes, sorry, I mean “plan”, that could slow the foreclosure market to the point of being irrelevant.

[Bob]

[quote=jpinpb]Also – it would have been nice if Mr. Mortgage would have mentioned SBX2 7 Senate Bill in California (especially since I emailed him)[/quote]

I’m not here to defend Mr.Mortgage, but I believe his predictions regarding the next foreclosure wave includes the entire country, not just California. And the California bill “SBX2 7” doesn’t go into effect until July 1st, which means it will have little, or no, influence on foreclosures already in the pipeline that should hit the market this spring/summer. In fact, the California bill will only repeat what an earlier version did, which was to delay the inevitable.

A far more important modification program that could put a serious dent in future foreclosures is the Obama plan to modify 2’nds. If servicers go along with the bribes, sorry, I mean “plan”, that could slow the foreclosure market to the point of being irrelevant.

[Bob]

[quote=jpinpb]Also – it would have been nice if Mr. Mortgage would have mentioned SBX2 7 Senate Bill in California (especially since I emailed him)[/quote]

I’m not here to defend Mr.Mortgage, but I believe his predictions regarding the next foreclosure wave includes the entire country, not just California. And the California bill “SBX2 7” doesn’t go into effect until July 1st, which means it will have little, or no, influence on foreclosures already in the pipeline that should hit the market this spring/summer. In fact, the California bill will only repeat what an earlier version did, which was to delay the inevitable.

A far more important modification program that could put a serious dent in future foreclosures is the Obama plan to modify 2’nds. If servicers go along with the bribes, sorry, I mean “plan”, that could slow the foreclosure market to the point of being irrelevant.

[Bob]

[quote=jpinpb]Also – it would have been nice if Mr. Mortgage would have mentioned SBX2 7 Senate Bill in California (especially since I emailed him)[/quote]

I’m not here to defend Mr.Mortgage, but I believe his predictions regarding the next foreclosure wave includes the entire country, not just California. And the California bill “SBX2 7” doesn’t go into effect until July 1st, which means it will have little, or no, influence on foreclosures already in the pipeline that should hit the market this spring/summer. In fact, the California bill will only repeat what an earlier version did, which was to delay the inevitable.

A far more important modification program that could put a serious dent in future foreclosures is the Obama plan to modify 2’nds. If servicers go along with the bribes, sorry, I mean “plan”, that could slow the foreclosure market to the point of being irrelevant.

[Bob]

[quote=jpinpb]Also – it would have been nice if Mr. Mortgage would have mentioned SBX2 7 Senate Bill in California (especially since I emailed him)[/quote]

I’m not here to defend Mr.Mortgage, but I believe his predictions regarding the next foreclosure wave includes the entire country, not just California. And the California bill “SBX2 7” doesn’t go into effect until July 1st, which means it will have little, or no, influence on foreclosures already in the pipeline that should hit the market this spring/summer. In fact, the California bill will only repeat what an earlier version did, which was to delay the inevitable.

A far more important modification program that could put a serious dent in future foreclosures is the Obama plan to modify 2’nds. If servicers go along with the bribes, sorry, I mean “plan”, that could slow the foreclosure market to the point of being irrelevant.

[Bob]

It might be useful for those of you who are claiming the bottom has arrived to give the rest of us your definition of bottom.

All I know is that I just saw another fantastic TV REO sitting on a golf course listed at $259K. The exact same model down the street sold for $325K earlier in the year…and $705K three years ago. Could it be the bottom has arrived but TG forgot to tell the banks ? LOL

[Bob]

It might be useful for those of you who are claiming the bottom has arrived to give the rest of us your definition of bottom.

All I know is that I just saw another fantastic TV REO sitting on a golf course listed at $259K. The exact same model down the street sold for $325K earlier in the year…and $705K three years ago. Could it be the bottom has arrived but TG forgot to tell the banks ? LOL

[Bob]

It might be useful for those of you who are claiming the bottom has arrived to give the rest of us your definition of bottom.

All I know is that I just saw another fantastic TV REO sitting on a golf course listed at $259K. The exact same model down the street sold for $325K earlier in the year…and $705K three years ago. Could it be the bottom has arrived but TG forgot to tell the banks ? LOL

[Bob]

It might be useful for those of you who are claiming the bottom has arrived to give the rest of us your definition of bottom.

All I know is that I just saw another fantastic TV REO sitting on a golf course listed at $259K. The exact same model down the street sold for $325K earlier in the year…and $705K three years ago. Could it be the bottom has arrived but TG forgot to tell the banks ? LOL

[Bob]

It might be useful for those of you who are claiming the bottom has arrived to give the rest of us your definition of bottom.

All I know is that I just saw another fantastic TV REO sitting on a golf course listed at $259K. The exact same model down the street sold for $325K earlier in the year…and $705K three years ago. Could it be the bottom has arrived but TG forgot to tell the banks ? LOL

[Bob]

[quote=ocrenter]no, the demise of the GOP is definitely not a good thing.

moderates will continue their exit, leaving the party firmly and fully in the Christian Right. The Christian Right GOP will pick Palin for 2012, Obama wins 70% of the popular vote. [/quote]

Oh please….

Although I’m not a member of either party, I do follow politics closely. The fact is, Arlen Specter didn’t leave the republicans after 45 years because of the right wing influence. Rather, he left the party to save his own ass. Recent polls showed Specter well behind his republican challenger in the 2010 primary. And the reason he is well behind in the polls is due to his support for the bailouts and other big government interventionist programs. In 2010 there will be a huge opportunity for the republicans to regain congress if they start acting like responsible fiscal conservatives. The reason republicans lost control of congress in 2006 was due to their lack of fiscal contraint, as well as their interventionist foreign policy which turned sour in Iraq.

If anything, the republicans became the big government party they so often campaigned against.

[Bob]

[quote=ocrenter]no, the demise of the GOP is definitely not a good thing.

moderates will continue their exit, leaving the party firmly and fully in the Christian Right. The Christian Right GOP will pick Palin for 2012, Obama wins 70% of the popular vote. [/quote]

Oh please….

Although I’m not a member of either party, I do follow politics closely. The fact is, Arlen Specter didn’t leave the republicans after 45 years because of the right wing influence. Rather, he left the party to save his own ass. Recent polls showed Specter well behind his republican challenger in the 2010 primary. And the reason he is well behind in the polls is due to his support for the bailouts and other big government interventionist programs. In 2010 there will be a huge opportunity for the republicans to regain congress if they start acting like responsible fiscal conservatives. The reason republicans lost control of congress in 2006 was due to their lack of fiscal contraint, as well as their interventionist foreign policy which turned sour in Iraq.

If anything, the republicans became the big government party they so often campaigned against.

[Bob]

[quote=ocrenter]no, the demise of the GOP is definitely not a good thing.

moderates will continue their exit, leaving the party firmly and fully in the Christian Right. The Christian Right GOP will pick Palin for 2012, Obama wins 70% of the popular vote. [/quote]

Oh please….

Although I’m not a member of either party, I do follow politics closely. The fact is, Arlen Specter didn’t leave the republicans after 45 years because of the right wing influence. Rather, he left the party to save his own ass. Recent polls showed Specter well behind his republican challenger in the 2010 primary. And the reason he is well behind in the polls is due to his support for the bailouts and other big government interventionist programs. In 2010 there will be a huge opportunity for the republicans to regain congress if they start acting like responsible fiscal conservatives. The reason republicans lost control of congress in 2006 was due to their lack of fiscal contraint, as well as their interventionist foreign policy which turned sour in Iraq.

If anything, the republicans became the big government party they so often campaigned against.

[Bob]

[quote=ocrenter]no, the demise of the GOP is definitely not a good thing.

moderates will continue their exit, leaving the party firmly and fully in the Christian Right. The Christian Right GOP will pick Palin for 2012, Obama wins 70% of the popular vote. [/quote]

Oh please….

Although I’m not a member of either party, I do follow politics closely. The fact is, Arlen Specter didn’t leave the republicans after 45 years because of the right wing influence. Rather, he left the party to save his own ass. Recent polls showed Specter well behind his republican challenger in the 2010 primary. And the reason he is well behind in the polls is due to his support for the bailouts and other big government interventionist programs. In 2010 there will be a huge opportunity for the republicans to regain congress if they start acting like responsible fiscal conservatives. The reason republicans lost control of congress in 2006 was due to their lack of fiscal contraint, as well as their interventionist foreign policy which turned sour in Iraq.

If anything, the republicans became the big government party they so often campaigned against.

[Bob]

[quote=ocrenter]no, the demise of the GOP is definitely not a good thing.

moderates will continue their exit, leaving the party firmly and fully in the Christian Right. The Christian Right GOP will pick Palin for 2012, Obama wins 70% of the popular vote. [/quote]

Oh please….

Although I’m not a member of either party, I do follow politics closely. The fact is, Arlen Specter didn’t leave the republicans after 45 years because of the right wing influence. Rather, he left the party to save his own ass. Recent polls showed Specter well behind his republican challenger in the 2010 primary. And the reason he is well behind in the polls is due to his support for the bailouts and other big government interventionist programs. In 2010 there will be a huge opportunity for the republicans to regain congress if they start acting like responsible fiscal conservatives. The reason republicans lost control of congress in 2006 was due to their lack of fiscal contraint, as well as their interventionist foreign policy which turned sour in Iraq.

If anything, the republicans became the big government party they so often campaigned against.

[Author]

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