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robyns_song
ParticipantUsually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
ParticipantUsually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
ParticipantUsually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
ParticipantUsually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
February 18, 2008 at 8:14 PM in reply to: Some Homeless People Turn to Empty Houses for Shelter Amid Nation’s Foreclosure Crisis #155215ParticipantIt’s funny that people think this is new. It’s not even cyclical; it’s always been this way but my guess is that people just don’t pay any heed until they notice it happening in their area.
Take for Detroit for instance (which is an extreme case). REO properties that get repeatedly broken in and re-occupied aren’t even worth doing the repeated evictions–usually they just get donated to the city (if the city will even take it). If the lender notices the property could be a potential problem before it forecloses, they’ll just write the property off.
Of course, I doubt we’ll lenders donating properties to the city of San Diego.
February 18, 2008 at 8:14 PM in reply to: Some Homeless People Turn to Empty Houses for Shelter Amid Nation’s Foreclosure Crisis #155493ParticipantIt’s funny that people think this is new. It’s not even cyclical; it’s always been this way but my guess is that people just don’t pay any heed until they notice it happening in their area.
Take for Detroit for instance (which is an extreme case). REO properties that get repeatedly broken in and re-occupied aren’t even worth doing the repeated evictions–usually they just get donated to the city (if the city will even take it). If the lender notices the property could be a potential problem before it forecloses, they’ll just write the property off.
Of course, I doubt we’ll lenders donating properties to the city of San Diego.
February 18, 2008 at 8:14 PM in reply to: Some Homeless People Turn to Empty Houses for Shelter Amid Nation’s Foreclosure Crisis #155500ParticipantIt’s funny that people think this is new. It’s not even cyclical; it’s always been this way but my guess is that people just don’t pay any heed until they notice it happening in their area.
Take for Detroit for instance (which is an extreme case). REO properties that get repeatedly broken in and re-occupied aren’t even worth doing the repeated evictions–usually they just get donated to the city (if the city will even take it). If the lender notices the property could be a potential problem before it forecloses, they’ll just write the property off.
Of course, I doubt we’ll lenders donating properties to the city of San Diego.
February 18, 2008 at 8:14 PM in reply to: Some Homeless People Turn to Empty Houses for Shelter Amid Nation’s Foreclosure Crisis #155517ParticipantIt’s funny that people think this is new. It’s not even cyclical; it’s always been this way but my guess is that people just don’t pay any heed until they notice it happening in their area.
Take for Detroit for instance (which is an extreme case). REO properties that get repeatedly broken in and re-occupied aren’t even worth doing the repeated evictions–usually they just get donated to the city (if the city will even take it). If the lender notices the property could be a potential problem before it forecloses, they’ll just write the property off.
Of course, I doubt we’ll lenders donating properties to the city of San Diego.
February 18, 2008 at 8:14 PM in reply to: Some Homeless People Turn to Empty Houses for Shelter Amid Nation’s Foreclosure Crisis #155593ParticipantIt’s funny that people think this is new. It’s not even cyclical; it’s always been this way but my guess is that people just don’t pay any heed until they notice it happening in their area.
Take for Detroit for instance (which is an extreme case). REO properties that get repeatedly broken in and re-occupied aren’t even worth doing the repeated evictions–usually they just get donated to the city (if the city will even take it). If the lender notices the property could be a potential problem before it forecloses, they’ll just write the property off.
Of course, I doubt we’ll lenders donating properties to the city of San Diego.
ParticipantI apologize if someone’s already mentioned this but what the loan workout or short sale may do is buy you some more time. You can always let them know you can’t afford your payments and want to do a short sale… You don’t have to be current on your loan to do a short sale and actually, they are more willing to work with people who can’t make the payments. Sometimes just seeing that you’re trying to do a short sale is enough for them to postpone the inevitable at least for little bit. Out of curiousity, can I ask who your lender is?
ParticipantI apologize if someone’s already mentioned this but what the loan workout or short sale may do is buy you some more time. You can always let them know you can’t afford your payments and want to do a short sale… You don’t have to be current on your loan to do a short sale and actually, they are more willing to work with people who can’t make the payments. Sometimes just seeing that you’re trying to do a short sale is enough for them to postpone the inevitable at least for little bit. Out of curiousity, can I ask who your lender is?
ParticipantI apologize if someone’s already mentioned this but what the loan workout or short sale may do is buy you some more time. You can always let them know you can’t afford your payments and want to do a short sale… You don’t have to be current on your loan to do a short sale and actually, they are more willing to work with people who can’t make the payments. Sometimes just seeing that you’re trying to do a short sale is enough for them to postpone the inevitable at least for little bit. Out of curiousity, can I ask who your lender is?
ParticipantI apologize if someone’s already mentioned this but what the loan workout or short sale may do is buy you some more time. You can always let them know you can’t afford your payments and want to do a short sale… You don’t have to be current on your loan to do a short sale and actually, they are more willing to work with people who can’t make the payments. Sometimes just seeing that you’re trying to do a short sale is enough for them to postpone the inevitable at least for little bit. Out of curiousity, can I ask who your lender is?
ParticipantI apologize if someone’s already mentioned this but what the loan workout or short sale may do is buy you some more time. You can always let them know you can’t afford your payments and want to do a short sale… You don’t have to be current on your loan to do a short sale and actually, they are more willing to work with people who can’t make the payments. Sometimes just seeing that you’re trying to do a short sale is enough for them to postpone the inevitable at least for little bit. Out of curiousity, can I ask who your lender is?
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