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December 10, 2008 at 9:52 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314066
j
ParticipantOh, I did not answer the question. Prices will be slightly higher for 6 to 8 months, but will go down to the real market price after that. Where will also be a higher risk of foreclosure by the people that buy in the first 6 to 8 month period after a “foreclosure freeze”.
December 10, 2008 at 9:52 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314425j
ParticipantOh, I did not answer the question. Prices will be slightly higher for 6 to 8 months, but will go down to the real market price after that. Where will also be a higher risk of foreclosure by the people that buy in the first 6 to 8 month period after a “foreclosure freeze”.
December 10, 2008 at 9:52 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314456j
ParticipantOh, I did not answer the question. Prices will be slightly higher for 6 to 8 months, but will go down to the real market price after that. Where will also be a higher risk of foreclosure by the people that buy in the first 6 to 8 month period after a “foreclosure freeze”.
December 10, 2008 at 9:52 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314478j
ParticipantOh, I did not answer the question. Prices will be slightly higher for 6 to 8 months, but will go down to the real market price after that. Where will also be a higher risk of foreclosure by the people that buy in the first 6 to 8 month period after a “foreclosure freeze”.
December 10, 2008 at 9:52 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314549j
ParticipantOh, I did not answer the question. Prices will be slightly higher for 6 to 8 months, but will go down to the real market price after that. Where will also be a higher risk of foreclosure by the people that buy in the first 6 to 8 month period after a “foreclosure freeze”.
December 10, 2008 at 9:40 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314061j
ParticipantNo “foreclosure freeze” will stop people from losing houses in California. Many people purchased houses at crazy and unsustainable prices, and the foreclosure process is already long in California. It takes at least 6 months for a house to get sold under foreclosure by law, because there is 3 months to file a NOD and 3 more months to sale at auction. Note the at least part, because most NODs are filed much later than after 3 months. People that are 6 to 12 months behind on their mortgage will simply not pay up.
In Georgia where a house can and sometimes is auctioned after a payment is only 30 days late a foreclosure freeze will make a difference, but in California a “foreclosure freeze” is just giving free rent to the financially changed.
The loan workouts are great proof of this. These are loans where the borrower has worked out better terms and a lower payment, but 50% fall behind in less than a year.
December 10, 2008 at 9:40 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314420j
ParticipantNo “foreclosure freeze” will stop people from losing houses in California. Many people purchased houses at crazy and unsustainable prices, and the foreclosure process is already long in California. It takes at least 6 months for a house to get sold under foreclosure by law, because there is 3 months to file a NOD and 3 more months to sale at auction. Note the at least part, because most NODs are filed much later than after 3 months. People that are 6 to 12 months behind on their mortgage will simply not pay up.
In Georgia where a house can and sometimes is auctioned after a payment is only 30 days late a foreclosure freeze will make a difference, but in California a “foreclosure freeze” is just giving free rent to the financially changed.
The loan workouts are great proof of this. These are loans where the borrower has worked out better terms and a lower payment, but 50% fall behind in less than a year.
December 10, 2008 at 9:40 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314451j
ParticipantNo “foreclosure freeze” will stop people from losing houses in California. Many people purchased houses at crazy and unsustainable prices, and the foreclosure process is already long in California. It takes at least 6 months for a house to get sold under foreclosure by law, because there is 3 months to file a NOD and 3 more months to sale at auction. Note the at least part, because most NODs are filed much later than after 3 months. People that are 6 to 12 months behind on their mortgage will simply not pay up.
In Georgia where a house can and sometimes is auctioned after a payment is only 30 days late a foreclosure freeze will make a difference, but in California a “foreclosure freeze” is just giving free rent to the financially changed.
The loan workouts are great proof of this. These are loans where the borrower has worked out better terms and a lower payment, but 50% fall behind in less than a year.
December 10, 2008 at 9:40 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314473j
ParticipantNo “foreclosure freeze” will stop people from losing houses in California. Many people purchased houses at crazy and unsustainable prices, and the foreclosure process is already long in California. It takes at least 6 months for a house to get sold under foreclosure by law, because there is 3 months to file a NOD and 3 more months to sale at auction. Note the at least part, because most NODs are filed much later than after 3 months. People that are 6 to 12 months behind on their mortgage will simply not pay up.
In Georgia where a house can and sometimes is auctioned after a payment is only 30 days late a foreclosure freeze will make a difference, but in California a “foreclosure freeze” is just giving free rent to the financially changed.
The loan workouts are great proof of this. These are loans where the borrower has worked out better terms and a lower payment, but 50% fall behind in less than a year.
December 10, 2008 at 9:40 PM in reply to: How will foreclosure freeze 3-6 months affect home price? #314544j
ParticipantNo “foreclosure freeze” will stop people from losing houses in California. Many people purchased houses at crazy and unsustainable prices, and the foreclosure process is already long in California. It takes at least 6 months for a house to get sold under foreclosure by law, because there is 3 months to file a NOD and 3 more months to sale at auction. Note the at least part, because most NODs are filed much later than after 3 months. People that are 6 to 12 months behind on their mortgage will simply not pay up.
In Georgia where a house can and sometimes is auctioned after a payment is only 30 days late a foreclosure freeze will make a difference, but in California a “foreclosure freeze” is just giving free rent to the financially changed.
The loan workouts are great proof of this. These are loans where the borrower has worked out better terms and a lower payment, but 50% fall behind in less than a year.
j
ParticipantOpen space is for native wildlife and plants. (Even though alien plants take over)
Open space allows for animals to migrate and plants survive. San Diego is a horrible place to see this in use. Developers are always swapping open spaces and the government fails to have a real plan. Go to places like Portland and you see smaller open spaces all over with beavers and birds in them.
You can go to places like Torrey Pines and see deer all the time, and I hear there are mountain lions in Torrey Pines sometimes. A good open space plan will allow animals like deer and mountain lions to migrate to the coast and allow development as well.
The best open space plan in the county is the USMC.
j
ParticipantOpen space is for native wildlife and plants. (Even though alien plants take over)
Open space allows for animals to migrate and plants survive. San Diego is a horrible place to see this in use. Developers are always swapping open spaces and the government fails to have a real plan. Go to places like Portland and you see smaller open spaces all over with beavers and birds in them.
You can go to places like Torrey Pines and see deer all the time, and I hear there are mountain lions in Torrey Pines sometimes. A good open space plan will allow animals like deer and mountain lions to migrate to the coast and allow development as well.
The best open space plan in the county is the USMC.
j
ParticipantOpen space is for native wildlife and plants. (Even though alien plants take over)
Open space allows for animals to migrate and plants survive. San Diego is a horrible place to see this in use. Developers are always swapping open spaces and the government fails to have a real plan. Go to places like Portland and you see smaller open spaces all over with beavers and birds in them.
You can go to places like Torrey Pines and see deer all the time, and I hear there are mountain lions in Torrey Pines sometimes. A good open space plan will allow animals like deer and mountain lions to migrate to the coast and allow development as well.
The best open space plan in the county is the USMC.
j
ParticipantOpen space is for native wildlife and plants. (Even though alien plants take over)
Open space allows for animals to migrate and plants survive. San Diego is a horrible place to see this in use. Developers are always swapping open spaces and the government fails to have a real plan. Go to places like Portland and you see smaller open spaces all over with beavers and birds in them.
You can go to places like Torrey Pines and see deer all the time, and I hear there are mountain lions in Torrey Pines sometimes. A good open space plan will allow animals like deer and mountain lions to migrate to the coast and allow development as well.
The best open space plan in the county is the USMC.
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