[kaycee]

Aw Shucks, SD R. Thanks.

[kaycee]

Aw Shucks, SD R. Thanks.

[kaycee]

Aw Shucks, SD R. Thanks.

[kaycee]

I hear what you are saying SD R, and I’m not a big believer in govermental meddling, But wasn’t the time to worry about “loss mitigation” back when they approved these crazy loans? I have NO sympathy now.

But from a strictly numbers sense, aren’t these delays and denials simply making the problem worse? They deny a sale, the owner then turns off the sprinkler, takes out the appliances and abandons the property. Then the property finally ends up on THEIR roles and then they have to sell “a brown lawn special”. In general, I would suspect they would get less than a short sale now.

So are they really “mitigating” the loss? In some cases, aren’t they making it worse? Not just for the “fb” and the economy, but also for their shareholders for whom they are suppossed to be working.

[kaycee]

I hear what you are saying SD R, and I’m not a big believer in govermental meddling, But wasn’t the time to worry about “loss mitigation” back when they approved these crazy loans? I have NO sympathy now.

But from a strictly numbers sense, aren’t these delays and denials simply making the problem worse? They deny a sale, the owner then turns off the sprinkler, takes out the appliances and abandons the property. Then the property finally ends up on THEIR roles and then they have to sell “a brown lawn special”. In general, I would suspect they would get less than a short sale now.

So are they really “mitigating” the loss? In some cases, aren’t they making it worse? Not just for the “fb” and the economy, but also for their shareholders for whom they are suppossed to be working.

[kaycee]

I hear what you are saying SD R, and I’m not a big believer in govermental meddling, But wasn’t the time to worry about “loss mitigation” back when they approved these crazy loans? I have NO sympathy now.

But from a strictly numbers sense, aren’t these delays and denials simply making the problem worse? They deny a sale, the owner then turns off the sprinkler, takes out the appliances and abandons the property. Then the property finally ends up on THEIR roles and then they have to sell “a brown lawn special”. In general, I would suspect they would get less than a short sale now.

So are they really “mitigating” the loss? In some cases, aren’t they making it worse? Not just for the “fb” and the economy, but also for their shareholders for whom they are suppossed to be working.

[kaycee]

Perhaps I’m missing something, but it seems that the governmental help that we need is not a bailout. I think we need some legislation or other incentive to change the way short sales are handled. Especially in light of the numbers of them that we believe we are about to see.

I mean if right now a buyer has to guess a listing number, get an offer, submit it to the lender and then wait for the lender to say yes or no. Then if the lender says no, I understand he just says “NO”. Not, “No, but we would accept $blank$” So then the owner has to take another guess and start the whole process all over again. Or did I misunderstand that?

It seems it would benefit all; “fb’s, “PIGG’s” and the economy in general, if the banks were forced to deal with this problem effeciently. Like say as effeciently as they were able to get a subprime, no doc, interest only loan approved in the first place.

[kaycee]

Perhaps I’m missing something, but it seems that the governmental help that we need is not a bailout. I think we need some legislation or other incentive to change the way short sales are handled. Especially in light of the numbers of them that we believe we are about to see.

I mean if right now a buyer has to guess a listing number, get an offer, submit it to the lender and then wait for the lender to say yes or no. Then if the lender says no, I understand he just says “NO”. Not, “No, but we would accept $blank$” So then the owner has to take another guess and start the whole process all over again. Or did I misunderstand that?

It seems it would benefit all; “fb’s, “PIGG’s” and the economy in general, if the banks were forced to deal with this problem effeciently. Like say as effeciently as they were able to get a subprime, no doc, interest only loan approved in the first place.

[kaycee]

Perhaps I’m missing something, but it seems that the governmental help that we need is not a bailout. I think we need some legislation or other incentive to change the way short sales are handled. Especially in light of the numbers of them that we believe we are about to see.

I mean if right now a buyer has to guess a listing number, get an offer, submit it to the lender and then wait for the lender to say yes or no. Then if the lender says no, I understand he just says “NO”. Not, “No, but we would accept $blank$” So then the owner has to take another guess and start the whole process all over again. Or did I misunderstand that?

It seems it would benefit all; “fb’s, “PIGG’s” and the economy in general, if the banks were forced to deal with this problem effeciently. Like say as effeciently as they were able to get a subprime, no doc, interest only loan approved in the first place.

[kaycee]

Actually, I liked this headline:

New-Home Sales Rose in July, But Outlook Remains Grim

http://www.cnbc.com/id/20424095

Mark Zandi, who I think is pretty fair and balanced, though he leans bullish says:

“This is July, before the freezing of the market,” Mark Zandi of Moody’s Economy.com said on CNBC. “So I’m sure we’re going to see much weaker numbers for August, September and October. The housing market is going to go down a whole other level in the next few months.”

Still, Zandi said the market is nearing a bottom.

“In terms of sales, I think the bottom is going to be the end of this year,” he said. “In terms of contruction, I don’t think there’ll be a bottom ’til the beginning of 2008. And in terms of prices, I think it won’t be until the end of ’08. And that’s nationally. Of course, in California and Florida–the markets that are in disarray–the bottom is well into 2009.”

So, in general, I would say, NO , it isn’t time to buy yet. In So California; NO! It isn’t anywhere near time to buy yet.

[kaycee]

Actually, I liked this headline:

New-Home Sales Rose in July, But Outlook Remains Grim

http://www.cnbc.com/id/20424095

Mark Zandi, who I think is pretty fair and balanced, though he leans bullish says:

“This is July, before the freezing of the market,” Mark Zandi of Moody’s Economy.com said on CNBC. “So I’m sure we’re going to see much weaker numbers for August, September and October. The housing market is going to go down a whole other level in the next few months.”

Still, Zandi said the market is nearing a bottom.

“In terms of sales, I think the bottom is going to be the end of this year,” he said. “In terms of contruction, I don’t think there’ll be a bottom ’til the beginning of 2008. And in terms of prices, I think it won’t be until the end of ’08. And that’s nationally. Of course, in California and Florida–the markets that are in disarray–the bottom is well into 2009.”

So, in general, I would say, NO , it isn’t time to buy yet. In So California; NO! It isn’t anywhere near time to buy yet.

[kaycee]

Actually, I liked this headline:

New-Home Sales Rose in July, But Outlook Remains Grim

http://www.cnbc.com/id/20424095

Mark Zandi, who I think is pretty fair and balanced, though he leans bullish says:

“This is July, before the freezing of the market,” Mark Zandi of Moody’s Economy.com said on CNBC. “So I’m sure we’re going to see much weaker numbers for August, September and October. The housing market is going to go down a whole other level in the next few months.”

Still, Zandi said the market is nearing a bottom.

“In terms of sales, I think the bottom is going to be the end of this year,” he said. “In terms of contruction, I don’t think there’ll be a bottom ’til the beginning of 2008. And in terms of prices, I think it won’t be until the end of ’08. And that’s nationally. Of course, in California and Florida–the markets that are in disarray–the bottom is well into 2009.”

So, in general, I would say, NO , it isn’t time to buy yet. In So California; NO! It isn’t anywhere near time to buy yet.

[kaycee]

That is interesting. Congrats on the closing. I guess 100 billion dollars of liquidity does make things happen.

[kaycee]

That is interesting. Congrats on the closing. I guess 100 billion dollars of liquidity does make things happen.

[kaycee]

That is interesting. Congrats on the closing. I guess 100 billion dollars of liquidity does make things happen.

[Author]

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