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June 21, 2007 at 3:42 PM in reply to: Now back to our regularly scheduled programming on NOD’s #61127
no_such_reality
Participantdeath of the 1st born
Wouldn’t that be the condo market? I think we pronounced that dead this time last year…
June 21, 2007 at 3:42 PM in reply to: Now back to our regularly scheduled programming on NOD’s #61164Participantdeath of the 1st born
Wouldn’t that be the condo market? I think we pronounced that dead this time last year…
Participantit’s not Fraud.
It’s Barratry.
No, I think it’s fraudulent.
Barratry is filing chronic frivalous lawsuits. Fraud is a deception for gain. This falls under a deception of a non-market transaction to gain the advantage of delaying contract execution.
Participantit’s not Fraud.
It’s Barratry.
No, I think it’s fraudulent.
Barratry is filing chronic frivalous lawsuits. Fraud is a deception for gain. This falls under a deception of a non-market transaction to gain the advantage of delaying contract execution.
June 21, 2007 at 10:32 AM in reply to: Now back to our regularly scheduled programming on NOD’s #60993ParticipantI suspect it will get much worse. When the rates were trending flat and people had a chance at a refi, our NOD to NOT rate was bad at 30%+. When the market continuing to soften, rates and loan service requirement tightening, I’m suspecting the NOD to NOT rate will likewise rise.
Now the question is will the banks step up the process on the foreclosure to move them back to REO and for sale status and get them on the market come January or will they languish and get them on the market come next June.
Imagine the potential perfect storm coming for San Diego in the spring. Annual year over year losses in the median, official recession in the economy, 1200+ foreclosures per month hitting the MLS and interest rates above 7% for great credit…
June 21, 2007 at 10:32 AM in reply to: Now back to our regularly scheduled programming on NOD’s #61030ParticipantI suspect it will get much worse. When the rates were trending flat and people had a chance at a refi, our NOD to NOT rate was bad at 30%+. When the market continuing to soften, rates and loan service requirement tightening, I’m suspecting the NOD to NOT rate will likewise rise.
Now the question is will the banks step up the process on the foreclosure to move them back to REO and for sale status and get them on the market come January or will they languish and get them on the market come next June.
Imagine the potential perfect storm coming for San Diego in the spring. Annual year over year losses in the median, official recession in the economy, 1200+ foreclosures per month hitting the MLS and interest rates above 7% for great credit…
ParticipantTwo thoughts cross my mind on it.
since they’ve provided a 1/8th interest, how does that affect the sale if they get it sold? Does the escrow need to forward the 1/8th proceeds to the bankrupt entity? Why not just provide a 1% interest?
Second thought, is the loan an original purchase loan? If not and the lender has recourse, I would think they’re legal department would stomp all over it to squash the behavior in the general public.
ParticipantTwo thoughts cross my mind on it.
since they’ve provided a 1/8th interest, how does that affect the sale if they get it sold? Does the escrow need to forward the 1/8th proceeds to the bankrupt entity? Why not just provide a 1% interest?
Second thought, is the loan an original purchase loan? If not and the lender has recourse, I would think they’re legal department would stomp all over it to squash the behavior in the general public.
ParticipantSo in a nutshell, fraud.
They are transferring a partial interest at far below market value to a shell corporation that then declares bankruptcy to prevent due process of the default allowing them to continue skipping payments.
ParticipantSo in a nutshell, fraud.
They are transferring a partial interest at far below market value to a shell corporation that then declares bankruptcy to prevent due process of the default allowing them to continue skipping payments.
ParticipantThere are links off our site
Your site deletes any opposing view, not just the hate spewers. As such any information you present on it is corrupted by the censorship.
The poster Snoop on your site summed it up well in a response before you deleted it. Snoop’s words were clear: if it had worked, we’d all want in…
Nobody that was cleanly scammed thinks of it as “if it had worked”.
It may have ended in forgeries, but I fail to see anything that indicates it isn’t a bunch thinking like Casey Serin and bending laws like Casey Serin and crying fowl when it imploded like Casey Serin.
ParticipantThere are links off our site
Your site deletes any opposing view, not just the hate spewers. As such any information you present on it is corrupted by the censorship.
The poster Snoop on your site summed it up well in a response before you deleted it. Snoop’s words were clear: if it had worked, we’d all want in…
Nobody that was cleanly scammed thinks of it as “if it had worked”.
It may have ended in forgeries, but I fail to see anything that indicates it isn’t a bunch thinking like Casey Serin and bending laws like Casey Serin and crying fowl when it imploded like Casey Serin.
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