[Rich Toscano]

You already got some suggestions but I will throw in one more — my colleague from my “day job” is a mortgage broker among other things. John Simon, [email protected]. He’s extremely honorable and smart, and he’s never written a neg-am or IO loan (and I think maybe only one or two adjustable rate loans).

Rich

[Rich Toscano]

You already got some suggestions but I will throw in one more — my colleague from my “day job” is a mortgage broker among other things. John Simon, [email protected]. He’s extremely honorable and smart, and he’s never written a neg-am or IO loan (and I think maybe only one or two adjustable rate loans).

Rich

[Rich Toscano]

You already got some suggestions but I will throw in one more — my colleague from my “day job” is a mortgage broker among other things. John Simon, [email protected]. He’s extremely honorable and smart, and he’s never written a neg-am or IO loan (and I think maybe only one or two adjustable rate loans).

Rich

[Rich Toscano]

I don’t have anything planned but I’d be down for a meetup… what do people think?

rich

[Rich Toscano]

I don’t have anything planned but I’d be down for a meetup… what do people think?

rich

[Rich Toscano]

I don’t have anything planned but I’d be down for a meetup… what do people think?

rich

[Rich Toscano]

I don’t have anything planned but I’d be down for a meetup… what do people think?

rich

[Rich Toscano]

I don’t have anything planned but I’d be down for a meetup… what do people think?

rich

[Rich Toscano]

Sorry, not buying it. None of these things are “priced in” to the housing market because as recent history has made extremely clear, price is the most lagging indicator when it comes to housing. The “technicals” (months of supply, NODs, volume, etc) have continued to get worse, and the prices have continued to follow the technicals down months later.

Also, homes are still quite overpriced based on their historical valuations and income earning potential, so trying to make it sound like they are some sort of screaming bargain doesn’t hold up.

Finally, your posting via multiple logins is a transparent attempt to make it seem like your ideas, such as they are, have widespread support. If the ideas are so great why do you need to resort to such tactics?

Sorry to feed the trolls, everyone, but I just can’t believe these guy/gal went through the trouble to snoop on me instead of researching the most rudimentary facts about the market itself. I couldn’t help myself!

Rich

[Rich Toscano]

Sorry, not buying it. None of these things are “priced in” to the housing market because as recent history has made extremely clear, price is the most lagging indicator when it comes to housing. The “technicals” (months of supply, NODs, volume, etc) have continued to get worse, and the prices have continued to follow the technicals down months later.

Also, homes are still quite overpriced based on their historical valuations and income earning potential, so trying to make it sound like they are some sort of screaming bargain doesn’t hold up.

Finally, your posting via multiple logins is a transparent attempt to make it seem like your ideas, such as they are, have widespread support. If the ideas are so great why do you need to resort to such tactics?

Sorry to feed the trolls, everyone, but I just can’t believe these guy/gal went through the trouble to snoop on me instead of researching the most rudimentary facts about the market itself. I couldn’t help myself!

Rich

[Rich Toscano]

Sorry, not buying it. None of these things are “priced in” to the housing market because as recent history has made extremely clear, price is the most lagging indicator when it comes to housing. The “technicals” (months of supply, NODs, volume, etc) have continued to get worse, and the prices have continued to follow the technicals down months later.

Also, homes are still quite overpriced based on their historical valuations and income earning potential, so trying to make it sound like they are some sort of screaming bargain doesn’t hold up.

Finally, your posting via multiple logins is a transparent attempt to make it seem like your ideas, such as they are, have widespread support. If the ideas are so great why do you need to resort to such tactics?

Sorry to feed the trolls, everyone, but I just can’t believe these guy/gal went through the trouble to snoop on me instead of researching the most rudimentary facts about the market itself. I couldn’t help myself!

Rich

[Rich Toscano]

Sorry, not buying it. None of these things are “priced in” to the housing market because as recent history has made extremely clear, price is the most lagging indicator when it comes to housing. The “technicals” (months of supply, NODs, volume, etc) have continued to get worse, and the prices have continued to follow the technicals down months later.

Also, homes are still quite overpriced based on their historical valuations and income earning potential, so trying to make it sound like they are some sort of screaming bargain doesn’t hold up.

Finally, your posting via multiple logins is a transparent attempt to make it seem like your ideas, such as they are, have widespread support. If the ideas are so great why do you need to resort to such tactics?

Sorry to feed the trolls, everyone, but I just can’t believe these guy/gal went through the trouble to snoop on me instead of researching the most rudimentary facts about the market itself. I couldn’t help myself!

Rich

[Rich Toscano]

Sorry, not buying it. None of these things are “priced in” to the housing market because as recent history has made extremely clear, price is the most lagging indicator when it comes to housing. The “technicals” (months of supply, NODs, volume, etc) have continued to get worse, and the prices have continued to follow the technicals down months later.

Also, homes are still quite overpriced based on their historical valuations and income earning potential, so trying to make it sound like they are some sort of screaming bargain doesn’t hold up.

Finally, your posting via multiple logins is a transparent attempt to make it seem like your ideas, such as they are, have widespread support. If the ideas are so great why do you need to resort to such tactics?

Sorry to feed the trolls, everyone, but I just can’t believe these guy/gal went through the trouble to snoop on me instead of researching the most rudimentary facts about the market itself. I couldn’t help myself!

Rich

[Rich Toscano]

Dude, you have got way too much free time.

Yes, it’s true that my prior landlord defaulted on his mortgage. He also defaulted on about 7 other mortgages, all serially refinanced at 100% LTV (and often more) with the proceeds used to buy more rental properties until the game came to an end.

As for my specific property, he has been holding up the foreclosure process through legal tactics. But given the amount he owes vs. what the home is worth (including the amount in arrears he owes almost double what zillow says the home is worth) there is no way he is getting the home back.

It is a sure REO, yet along with many other of his and others’ sure REOs it hasn’t even hit the market yet. So I ask you: how exactly is this a sign of the bottom?

There is just no data to justify that this is the bottom. Instead of snooping about my personal information, maybe you can research this: how is this the bottom with homes still overpriced, 13 months of inventory on the market, and huge amount of REOs in the pipeline?

[Rich Toscano]

Dude, you have got way too much free time.

Yes, it’s true that my prior landlord defaulted on his mortgage. He also defaulted on about 7 other mortgages, all serially refinanced at 100% LTV (and often more) with the proceeds used to buy more rental properties until the game came to an end.

As for my specific property, he has been holding up the foreclosure process through legal tactics. But given the amount he owes vs. what the home is worth (including the amount in arrears he owes almost double what zillow says the home is worth) there is no way he is getting the home back.

It is a sure REO, yet along with many other of his and others’ sure REOs it hasn’t even hit the market yet. So I ask you: how exactly is this a sign of the bottom?

There is just no data to justify that this is the bottom. Instead of snooping about my personal information, maybe you can research this: how is this the bottom with homes still overpriced, 13 months of inventory on the market, and huge amount of REOs in the pipeline?

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