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(former)FormerSanDiegan
Participant[quote=BillS78]You can stay for free for at least 90 days from the NOD date, anything after that is pushing it unless you don’t care about any of your possessions in the house.
I last made a payment June of 2008 and only received a NOD less than 2 months ago. I got a ton of mail and calls too but the only thing that is important is the NOD.
I told my renters they need to be out next month and then I’ll see what kind of cash I can get from the lender when I come back to San Diego.
I never thought it would take almost 3 years to get the NOD. Good luck.[/quote]
Niiice.
Did you charge rent while being delinquent on your loan ?
http://www.foreclosureradar.com/ca-foreclosure-law/ca-foreclosure-law-civil-code-890
May 16, 2011 at 5:32 PM in reply to: GSE limits slated to drop (PLUS bonus question for mortgage experts) #695760Participant[quote=CA renter]
Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]
I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.
If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.
The image I am referring to in Rich’s article is posted below for reference.
[img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]
Original is here …
http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html
May 16, 2011 at 5:32 PM in reply to: GSE limits slated to drop (PLUS bonus question for mortgage experts) #695848Participant[quote=CA renter]
Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]
I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.
If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.
The image I am referring to in Rich’s article is posted below for reference.
[img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]
Original is here …
http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html
May 16, 2011 at 5:32 PM in reply to: GSE limits slated to drop (PLUS bonus question for mortgage experts) #696447Participant[quote=CA renter]
Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]
I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.
If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.
The image I am referring to in Rich’s article is posted below for reference.
[img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]
Original is here …
http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html
May 16, 2011 at 5:32 PM in reply to: GSE limits slated to drop (PLUS bonus question for mortgage experts) #696594Participant[quote=CA renter]
Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]
I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.
If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.
The image I am referring to in Rich’s article is posted below for reference.
[img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]
Original is here …
http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html
May 16, 2011 at 5:32 PM in reply to: GSE limits slated to drop (PLUS bonus question for mortgage experts) #696948Participant[quote=CA renter]
Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]
I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.
If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.
The image I am referring to in Rich’s article is posted below for reference.
[img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]
Original is here …
http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html
Participant[quote=sdrealtor]A beautiful home but definitely NOT my dream home. Who wants or needs 11,000 sq ft? I feel lost in my house sometimes and it isnt even 3,000 sq ft. I’ll take 3/2 1500 sq ft with a wine cellar and great kitchen for cooking and a decent sized lot a block or two from the beach. I guess we all are entitled to our own dreams……sigh…[/quote]
No fair. You just described my dream home.
(unless your idea of a decent-sized lot is larger than about 7,500 s.f.)Participant[quote=sdrealtor]A beautiful home but definitely NOT my dream home. Who wants or needs 11,000 sq ft? I feel lost in my house sometimes and it isnt even 3,000 sq ft. I’ll take 3/2 1500 sq ft with a wine cellar and great kitchen for cooking and a decent sized lot a block or two from the beach. I guess we all are entitled to our own dreams……sigh…[/quote]
No fair. You just described my dream home.
(unless your idea of a decent-sized lot is larger than about 7,500 s.f.)Participant[quote=sdrealtor]A beautiful home but definitely NOT my dream home. Who wants or needs 11,000 sq ft? I feel lost in my house sometimes and it isnt even 3,000 sq ft. I’ll take 3/2 1500 sq ft with a wine cellar and great kitchen for cooking and a decent sized lot a block or two from the beach. I guess we all are entitled to our own dreams……sigh…[/quote]
No fair. You just described my dream home.
(unless your idea of a decent-sized lot is larger than about 7,500 s.f.)Participant[quote=sdrealtor]A beautiful home but definitely NOT my dream home. Who wants or needs 11,000 sq ft? I feel lost in my house sometimes and it isnt even 3,000 sq ft. I’ll take 3/2 1500 sq ft with a wine cellar and great kitchen for cooking and a decent sized lot a block or two from the beach. I guess we all are entitled to our own dreams……sigh…[/quote]
No fair. You just described my dream home.
(unless your idea of a decent-sized lot is larger than about 7,500 s.f.)Participant[quote=sdrealtor]A beautiful home but definitely NOT my dream home. Who wants or needs 11,000 sq ft? I feel lost in my house sometimes and it isnt even 3,000 sq ft. I’ll take 3/2 1500 sq ft with a wine cellar and great kitchen for cooking and a decent sized lot a block or two from the beach. I guess we all are entitled to our own dreams……sigh…[/quote]
No fair. You just described my dream home.
(unless your idea of a decent-sized lot is larger than about 7,500 s.f.)ParticipantYour safest assumption is to be prepared to move out tomorrow.
ParticipantYour safest assumption is to be prepared to move out tomorrow.
ParticipantYour safest assumption is to be prepared to move out tomorrow.
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