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oxfordrick
ParticipantWells Fargo have refied a first and a second on my friend’s home.
He is concerned they will exercise the power of sale on the first forgoing a deficiency (One Action Rule) but will sue him personally for a judgement on the second (= unsecured promissory note).
Anyone have any ideas/solutions?
TIA Rick.
ParticipantWells Fargo have refied a first and a second on my friend’s home.
He is concerned they will exercise the power of sale on the first forgoing a deficiency (One Action Rule) but will sue him personally for a judgement on the second (= unsecured promissory note).
Anyone have any ideas/solutions?
TIA Rick.
ParticipantWells Fargo have refied a first and a second on my friend’s home.
He is concerned they will exercise the power of sale on the first forgoing a deficiency (One Action Rule) but will sue him personally for a judgement on the second (= unsecured promissory note).
Anyone have any ideas/solutions?
TIA Rick.
ParticipantWells Fargo have refied a first and a second on my friend’s home.
He is concerned they will exercise the power of sale on the first forgoing a deficiency (One Action Rule) but will sue him personally for a judgement on the second (= unsecured promissory note).
Anyone have any ideas/solutions?
TIA Rick.
October 6, 2009 at 8:54 PM in reply to: Dropping Rents Will Drag House Prices Down with Them #464989ParticipantBasically yes.
Housing will bottom out in 2037 when the New Federalist party increases depreciation deductions for landlords.
The real estate disease will be cured, and house prices will increase forward with a 95% correlation to local income.
October 6, 2009 at 8:54 PM in reply to: Dropping Rents Will Drag House Prices Down with Them #465175ParticipantBasically yes.
Housing will bottom out in 2037 when the New Federalist party increases depreciation deductions for landlords.
The real estate disease will be cured, and house prices will increase forward with a 95% correlation to local income.
October 6, 2009 at 8:54 PM in reply to: Dropping Rents Will Drag House Prices Down with Them #465523ParticipantBasically yes.
Housing will bottom out in 2037 when the New Federalist party increases depreciation deductions for landlords.
The real estate disease will be cured, and house prices will increase forward with a 95% correlation to local income.
October 6, 2009 at 8:54 PM in reply to: Dropping Rents Will Drag House Prices Down with Them #465595ParticipantBasically yes.
Housing will bottom out in 2037 when the New Federalist party increases depreciation deductions for landlords.
The real estate disease will be cured, and house prices will increase forward with a 95% correlation to local income.
October 6, 2009 at 8:54 PM in reply to: Dropping Rents Will Drag House Prices Down with Them #465806ParticipantBasically yes.
Housing will bottom out in 2037 when the New Federalist party increases depreciation deductions for landlords.
The real estate disease will be cured, and house prices will increase forward with a 95% correlation to local income.
ParticipantGuy sounds like a lot of Piggs who feel shortchanged by a process that favors investors who can turn on a dime over would be homeowners who must attempt to jump through hoops.
So nothing wrong with an investor doing his DD, buying the home at appropriate price and lease/optioning to this guy until he can qualify for a loan.
ParticipantGuy sounds like a lot of Piggs who feel shortchanged by a process that favors investors who can turn on a dime over would be homeowners who must attempt to jump through hoops.
So nothing wrong with an investor doing his DD, buying the home at appropriate price and lease/optioning to this guy until he can qualify for a loan.
ParticipantGuy sounds like a lot of Piggs who feel shortchanged by a process that favors investors who can turn on a dime over would be homeowners who must attempt to jump through hoops.
So nothing wrong with an investor doing his DD, buying the home at appropriate price and lease/optioning to this guy until he can qualify for a loan.
ParticipantGuy sounds like a lot of Piggs who feel shortchanged by a process that favors investors who can turn on a dime over would be homeowners who must attempt to jump through hoops.
So nothing wrong with an investor doing his DD, buying the home at appropriate price and lease/optioning to this guy until he can qualify for a loan.
ParticipantGuy sounds like a lot of Piggs who feel shortchanged by a process that favors investors who can turn on a dime over would be homeowners who must attempt to jump through hoops.
So nothing wrong with an investor doing his DD, buying the home at appropriate price and lease/optioning to this guy until he can qualify for a loan.
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