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HLS
ParticipantIn 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.
ParticipantDo 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.ParticipantDo 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.ParticipantDo 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.ParticipantDo 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.ParticipantDo 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.ParticipantTemec…
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!ParticipantTemec…
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!ParticipantTemec…
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!ParticipantTemec…
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!ParticipantTemec…
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!ParticipantSD..
I believe that S-R is a therapist dealing with counseling people with major stress in their lives. I don’t think they are asking about their personal situation, but possibly for patients.Anything can happen, but I don’t think that most employers will run a credit check OR if they do, let someone go due to FC.
It’s not a felony or even a misdemeanor, it’s not even a crime.
Businesses walk away from bad deals all the time. It shouldn’t be a shame when an individual does the same thing.
For people who see the light, I commend them.For an employer, it could be looked at as a wise decision (which is good)rather than an emotional one (which is bad).
Some people CAN afford a house, just not one that has a loan that is 8x their gross income.
ParticipantSD..
I believe that S-R is a therapist dealing with counseling people with major stress in their lives. I don’t think they are asking about their personal situation, but possibly for patients.Anything can happen, but I don’t think that most employers will run a credit check OR if they do, let someone go due to FC.
It’s not a felony or even a misdemeanor, it’s not even a crime.
Businesses walk away from bad deals all the time. It shouldn’t be a shame when an individual does the same thing.
For people who see the light, I commend them.For an employer, it could be looked at as a wise decision (which is good)rather than an emotional one (which is bad).
Some people CAN afford a house, just not one that has a loan that is 8x their gross income.
ParticipantSD..
I believe that S-R is a therapist dealing with counseling people with major stress in their lives. I don’t think they are asking about their personal situation, but possibly for patients.Anything can happen, but I don’t think that most employers will run a credit check OR if they do, let someone go due to FC.
It’s not a felony or even a misdemeanor, it’s not even a crime.
Businesses walk away from bad deals all the time. It shouldn’t be a shame when an individual does the same thing.
For people who see the light, I commend them.For an employer, it could be looked at as a wise decision (which is good)rather than an emotional one (which is bad).
Some people CAN afford a house, just not one that has a loan that is 8x their gross income.
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