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June 19, 2007 at 2:21 PM in reply to: San Diego RE inventory has stabilized and begun to shrink = have we arrived at the bottom???? #60503June 19, 2007 at 2:21 PM in reply to: San Diego RE inventory has stabilized and begun to shrink = have we arrived at the bottom???? #60537
no_such_reality
Participantwhat do mean by “can’t afford the short sale?” Can’t someone submit a deal to the lender where there is little if any $$ out of pocket from the seller?
They can, but as Bugs pointed out, the banks aren’t biting. In fact, many of the banks are in as denial as the delusional sellers asking 20% more than peak prices.
If you don’t have enough money to make the loan whole on sale, a short sale is very low probability at this point.
Bugs brings up an interesting point regarding halting the 2nd, I wonder if they could buy time doing it, or if penalties compound too quickly. Or more likely, much like tax provisions, if a defaulted second becomes a reason for the 1st to call the loan?
Participantone small feather in the scale of justice against your cause
All posts questioning the innocence of the plaintiffs are gone. That smacks of deceit.
Anger was the typical emotion displayed by the pro-plaintiff posters.
In my experience, anger is often a bully response of those that know they are wrong, combine it with deceit and that feather becomes a stone on the scale of justice. Think about every scammer you see getting outted by the TV news. What do you see? Lies and anger.
Participantone small feather in the scale of justice against your cause
All posts questioning the innocence of the plaintiffs are gone. That smacks of deceit.
Anger was the typical emotion displayed by the pro-plaintiff posters.
In my experience, anger is often a bully response of those that know they are wrong, combine it with deceit and that feather becomes a stone on the scale of justice. Think about every scammer you see getting outted by the TV news. What do you see? Lies and anger.
ParticipantWhich is simpler possibility?
A) everybody involved bent the rules “a little bit” in the pursuit of quick profits.
B) the ring leader and cohorts with the aid of numerous appaisers, escrow companies, RE agents and mortgage brokers conspired to defraud 100s out of their homes and then committed and passed forgeries to commit those hundreds of investors to multiple fraudulent purchases to bilk them.
ParticipantWhich is simpler possibility?
A) everybody involved bent the rules “a little bit” in the pursuit of quick profits.
B) the ring leader and cohorts with the aid of numerous appaisers, escrow companies, RE agents and mortgage brokers conspired to defraud 100s out of their homes and then committed and passed forgeries to commit those hundreds of investors to multiple fraudulent purchases to bilk them.
ParticipantWe want you to see what we see.
A multi-BILLION dollar fraud setup in the pursuit of greed that will wreck and has wrecked the community for thousands for years to come.
On one hand, we have a pied piper allegedly leading the charge with hundreds of “investors” for the fleecing in a very complicated and very slow real estate deals that involves many verifications along the way.
On the other, “victims” claiming the pied piper and his conspiracy did this fraud ring, and did it to hundreds bilking untold millions.
The catch? If the victims aren’t victims, they’re participants in multi-million dollar cases of mortgage fraud themselves. Do you really wonder why the rest of us cast a jaundiced eye on those claiming to be scammed?
If they’ve forged your signatures through all the purchases, you’ve been wronged. Maybe we’ll be wrong in the end, and it is a grand conspiracy forging signatures and involving dozens in a criminal enterprise bilking innocents.
Or as my gut tells me, maybe at best, the naive investors are negligent to the point of criminally aiding and abetting in the pursuit easy profits and at worse, active participants in committing serial mortgage fraud wrecking the American dream for tens of thousands of Southern Californians.
ParticipantWe want you to see what we see.
A multi-BILLION dollar fraud setup in the pursuit of greed that will wreck and has wrecked the community for thousands for years to come.
On one hand, we have a pied piper allegedly leading the charge with hundreds of “investors” for the fleecing in a very complicated and very slow real estate deals that involves many verifications along the way.
On the other, “victims” claiming the pied piper and his conspiracy did this fraud ring, and did it to hundreds bilking untold millions.
The catch? If the victims aren’t victims, they’re participants in multi-million dollar cases of mortgage fraud themselves. Do you really wonder why the rest of us cast a jaundiced eye on those claiming to be scammed?
If they’ve forged your signatures through all the purchases, you’ve been wronged. Maybe we’ll be wrong in the end, and it is a grand conspiracy forging signatures and involving dozens in a criminal enterprise bilking innocents.
Or as my gut tells me, maybe at best, the naive investors are negligent to the point of criminally aiding and abetting in the pursuit easy profits and at worse, active participants in committing serial mortgage fraud wrecking the American dream for tens of thousands of Southern Californians.
ParticipantBellwhether, coalmine canary.
To-ma-toe, To-mah-toe.
ParticipantBellwhether, coalmine canary.
To-ma-toe, To-mah-toe.
ParticipantI’ll second Cadillac Desert.
As a minor aside, if you can get the PBS documentary on Cadillac Desert, some of interviews with key players is really enlightening. I still remember the interview of a surviving BLM manager who still was pushing the justification to dam every drop of water and piss on the environmental do gooders.
ParticipantI’ll second Cadillac Desert.
As a minor aside, if you can get the PBS documentary on Cadillac Desert, some of interviews with key players is really enlightening. I still remember the interview of a surviving BLM manager who still was pushing the justification to dam every drop of water and piss on the environmental do gooders.
June 18, 2007 at 2:13 PM in reply to: San Diego RE inventory has stabilized and begun to shrink = have we arrived at the bottom???? #60133ParticipantWhy bother listing if you did 100% financing and are already 20% underwater and can’t afford the short sale?
June 18, 2007 at 2:13 PM in reply to: San Diego RE inventory has stabilized and begun to shrink = have we arrived at the bottom???? #60166ParticipantWhy bother listing if you did 100% financing and are already 20% underwater and can’t afford the short sale?
ParticipantThere is miles and miles of nothing in between temecula and san diego.
There is?
Hmm, seem to be about 3 miles to Fallbrook. That’s center of town Fallbrook. And about 1.5 miles to the canyon roads and all the homes built off of Mission Rd. Winterwarm, San luis Rey, Ranch Bernardo, Escondido, Poway,Carmel Valley, Del Mar, heck, it’s one long suburban strip with little pocket of too be built land.
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