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  • August 28, 2008 at 5:42 PM in reply to: Alt A Not such a problem? #263113
    PadreBrian
    Participant

    The stats I have seen only show less than 20% of the alt-a’s being option loans. So a good 80% could never go negative.

    BUT, that only buys them a year or 2 at most. They will have to refinance either through the new Oct 1st FHA bail-out loans, or through loan re-negotiations.

    August 27, 2008 at 8:43 PM in reply to: Sesena Spain…kind of like Temecula. #262552
    PadreBrian
    Participant

    Bad title…but Temecula area suffers from over build…too many houses for not enough peop0le. Basically, the “free” money from the banks let the builders kept building which caused the speculators kept buying which kept the builders kept building…

    But why the hell did the Spanish developers build a city of 13.5k condos (buyable apartments) and think people would move out in the middle of no-where?

    August 27, 2008 at 8:43 PM in reply to: Sesena Spain…kind of like Temecula. #262757
    PadreBrian
    Participant

    Bad title…but Temecula area suffers from over build…too many houses for not enough peop0le. Basically, the “free” money from the banks let the builders kept building which caused the speculators kept buying which kept the builders kept building…

    But why the hell did the Spanish developers build a city of 13.5k condos (buyable apartments) and think people would move out in the middle of no-where?

    August 27, 2008 at 8:43 PM in reply to: Sesena Spain…kind of like Temecula. #262764
    PadreBrian
    Participant

    Bad title…but Temecula area suffers from over build…too many houses for not enough peop0le. Basically, the “free” money from the banks let the builders kept building which caused the speculators kept buying which kept the builders kept building…

    But why the hell did the Spanish developers build a city of 13.5k condos (buyable apartments) and think people would move out in the middle of no-where?

    August 27, 2008 at 8:43 PM in reply to: Sesena Spain…kind of like Temecula. #262815
    PadreBrian
    Participant

    Bad title…but Temecula area suffers from over build…too many houses for not enough peop0le. Basically, the “free” money from the banks let the builders kept building which caused the speculators kept buying which kept the builders kept building…

    But why the hell did the Spanish developers build a city of 13.5k condos (buyable apartments) and think people would move out in the middle of no-where?

    August 27, 2008 at 8:43 PM in reply to: Sesena Spain…kind of like Temecula. #262853
    PadreBrian
    Participant

    Bad title…but Temecula area suffers from over build…too many houses for not enough peop0le. Basically, the “free” money from the banks let the builders kept building which caused the speculators kept buying which kept the builders kept building…

    But why the hell did the Spanish developers build a city of 13.5k condos (buyable apartments) and think people would move out in the middle of no-where?

    August 26, 2008 at 10:42 AM in reply to: Sympathy for this couple??? #261928
    PadreBrian
    Participant

    She knew they were lying for her.

    There’s a huge number of these liar loans out there. A good amount will be cleaned up thanks to FHA Oct 1st. A quarter have already foreclosed, and the other quarter will either do the payments and keep the house or foreclose.

    August 26, 2008 at 10:42 AM in reply to: Sympathy for this couple??? #262130
    PadreBrian
    Participant

    She knew they were lying for her.

    There’s a huge number of these liar loans out there. A good amount will be cleaned up thanks to FHA Oct 1st. A quarter have already foreclosed, and the other quarter will either do the payments and keep the house or foreclose.

    August 26, 2008 at 10:42 AM in reply to: Sympathy for this couple??? #262138
    PadreBrian
    Participant

    She knew they were lying for her.

    There’s a huge number of these liar loans out there. A good amount will be cleaned up thanks to FHA Oct 1st. A quarter have already foreclosed, and the other quarter will either do the payments and keep the house or foreclose.

    August 26, 2008 at 10:42 AM in reply to: Sympathy for this couple??? #262191
    PadreBrian
    Participant

    She knew they were lying for her.

    There’s a huge number of these liar loans out there. A good amount will be cleaned up thanks to FHA Oct 1st. A quarter have already foreclosed, and the other quarter will either do the payments and keep the house or foreclose.

    August 26, 2008 at 10:42 AM in reply to: Sympathy for this couple??? #262229
    PadreBrian
    Participant

    She knew they were lying for her.

    There’s a huge number of these liar loans out there. A good amount will be cleaned up thanks to FHA Oct 1st. A quarter have already foreclosed, and the other quarter will either do the payments and keep the house or foreclose.

    August 25, 2008 at 10:21 PM in reply to: Knife catchers jump in #261748
    PadreBrian
    Participant

    This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

    August 25, 2008 at 10:21 PM in reply to: Knife catchers jump in #261950
    PadreBrian
    Participant

    This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

    August 25, 2008 at 10:21 PM in reply to: Knife catchers jump in #261957
    PadreBrian
    Participant

    This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

    August 25, 2008 at 10:21 PM in reply to: Knife catchers jump in #262011
    PadreBrian
    Participant

    This is more of a slowing down off the crazy 30-50% fall we have seen. Not absolute bottom.

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Viewing 15 posts - 1,486 through 1,500 (of 3,127 total)
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