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permabearParticipant
You have to be insane to get into bonds right now. They continue to sell off like crazy due to inflationary fears. I would wait a week or so to see what happens personally.
permabearParticipantYou have to be insane to get into bonds right now. They continue to sell off like crazy due to inflationary fears. I would wait a week or so to see what happens personally.
December 23, 2010 at 5:56 PM in reply to: Should my friend attempt a loan mod or do a short sale? #644402permabearParticipantWell, either way they have to miss payments to get the bank’s attention. So why not just start missing payments and see how long it takes for the bank to contact them and attempt foreclosure. The current average is 492 days, as insane as that is:
http://dailybail.com/home/national-average-492-days-from-default-to-foreclosure.html
Between the massive loss the bank would have to write down on that property, plus the slow process made slower by the robo-signing fiasco, they might get 2-3+ years of no payments. I would stash the mortgage money in a savings account, and if the husband finds new work, try a loan mod then. Otherwise enjoy living for free!
December 23, 2010 at 5:56 PM in reply to: Should my friend attempt a loan mod or do a short sale? #644474permabearParticipantWell, either way they have to miss payments to get the bank’s attention. So why not just start missing payments and see how long it takes for the bank to contact them and attempt foreclosure. The current average is 492 days, as insane as that is:
http://dailybail.com/home/national-average-492-days-from-default-to-foreclosure.html
Between the massive loss the bank would have to write down on that property, plus the slow process made slower by the robo-signing fiasco, they might get 2-3+ years of no payments. I would stash the mortgage money in a savings account, and if the husband finds new work, try a loan mod then. Otherwise enjoy living for free!
December 23, 2010 at 5:56 PM in reply to: Should my friend attempt a loan mod or do a short sale? #645053permabearParticipantWell, either way they have to miss payments to get the bank’s attention. So why not just start missing payments and see how long it takes for the bank to contact them and attempt foreclosure. The current average is 492 days, as insane as that is:
http://dailybail.com/home/national-average-492-days-from-default-to-foreclosure.html
Between the massive loss the bank would have to write down on that property, plus the slow process made slower by the robo-signing fiasco, they might get 2-3+ years of no payments. I would stash the mortgage money in a savings account, and if the husband finds new work, try a loan mod then. Otherwise enjoy living for free!
December 23, 2010 at 5:56 PM in reply to: Should my friend attempt a loan mod or do a short sale? #645190permabearParticipantWell, either way they have to miss payments to get the bank’s attention. So why not just start missing payments and see how long it takes for the bank to contact them and attempt foreclosure. The current average is 492 days, as insane as that is:
http://dailybail.com/home/national-average-492-days-from-default-to-foreclosure.html
Between the massive loss the bank would have to write down on that property, plus the slow process made slower by the robo-signing fiasco, they might get 2-3+ years of no payments. I would stash the mortgage money in a savings account, and if the husband finds new work, try a loan mod then. Otherwise enjoy living for free!
December 23, 2010 at 5:56 PM in reply to: Should my friend attempt a loan mod or do a short sale? #645512permabearParticipantWell, either way they have to miss payments to get the bank’s attention. So why not just start missing payments and see how long it takes for the bank to contact them and attempt foreclosure. The current average is 492 days, as insane as that is:
http://dailybail.com/home/national-average-492-days-from-default-to-foreclosure.html
Between the massive loss the bank would have to write down on that property, plus the slow process made slower by the robo-signing fiasco, they might get 2-3+ years of no payments. I would stash the mortgage money in a savings account, and if the husband finds new work, try a loan mod then. Otherwise enjoy living for free!
permabearParticipantKucinich and Ron Paul work closely hand-in-hand. My pet theory is Kucinich introduced this bill so that people went “oh my god that’s preposterous!” That way, when Ron Paul introduces a bill to only remove the Fed, without nationalizing banking or replacing our money, it will be seen as more moderate: “oh, now that’s ok, we’re just going to do away with the Fed”.
permabearParticipantKucinich and Ron Paul work closely hand-in-hand. My pet theory is Kucinich introduced this bill so that people went “oh my god that’s preposterous!” That way, when Ron Paul introduces a bill to only remove the Fed, without nationalizing banking or replacing our money, it will be seen as more moderate: “oh, now that’s ok, we’re just going to do away with the Fed”.
permabearParticipantKucinich and Ron Paul work closely hand-in-hand. My pet theory is Kucinich introduced this bill so that people went “oh my god that’s preposterous!” That way, when Ron Paul introduces a bill to only remove the Fed, without nationalizing banking or replacing our money, it will be seen as more moderate: “oh, now that’s ok, we’re just going to do away with the Fed”.
permabearParticipantKucinich and Ron Paul work closely hand-in-hand. My pet theory is Kucinich introduced this bill so that people went “oh my god that’s preposterous!” That way, when Ron Paul introduces a bill to only remove the Fed, without nationalizing banking or replacing our money, it will be seen as more moderate: “oh, now that’s ok, we’re just going to do away with the Fed”.
permabearParticipantKucinich and Ron Paul work closely hand-in-hand. My pet theory is Kucinich introduced this bill so that people went “oh my god that’s preposterous!” That way, when Ron Paul introduces a bill to only remove the Fed, without nationalizing banking or replacing our money, it will be seen as more moderate: “oh, now that’s ok, we’re just going to do away with the Fed”.
permabearParticipantLMAO. Seriously.
[quote]I could live in S.D. but ever since viagra/ciallis came out I’ve adjusted my strategy.[/quote]
permabearParticipantLMAO. Seriously.
[quote]I could live in S.D. but ever since viagra/ciallis came out I’ve adjusted my strategy.[/quote]
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