[SD Realtor]

Yeah I agree… and if you are in my age strata, which I think you are, lets go back to the early 80s! Now wouldn’t that be something?

[SD Realtor]

Yeah I agree… and if you are in my age strata, which I think you are, lets go back to the early 80s! Now wouldn’t that be something?

[SD Realtor]

Yeah I agree… and if you are in my age strata, which I think you are, lets go back to the early 80s! Now wouldn’t that be something?

[SD Realtor]

Yeah I agree… and if you are in my age strata, which I think you are, lets go back to the early 80s! Now wouldn’t that be something?

[SD Realtor]

Yes I understand what you are saying.

It will be an interesting two years. Nonetheless the hopes of an inventory tsunami driven by foreclosures to produce affordable homes in the desireable areas of San Diego seems to have not really materialized.

Maybe inflation and the bond market will have better luck.

[SD Realtor]

Yes I understand what you are saying.

It will be an interesting two years. Nonetheless the hopes of an inventory tsunami driven by foreclosures to produce affordable homes in the desireable areas of San Diego seems to have not really materialized.

Maybe inflation and the bond market will have better luck.

[SD Realtor]

Yes I understand what you are saying.

It will be an interesting two years. Nonetheless the hopes of an inventory tsunami driven by foreclosures to produce affordable homes in the desireable areas of San Diego seems to have not really materialized.

Maybe inflation and the bond market will have better luck.

[SD Realtor]

Yes I understand what you are saying.

It will be an interesting two years. Nonetheless the hopes of an inventory tsunami driven by foreclosures to produce affordable homes in the desireable areas of San Diego seems to have not really materialized.

Maybe inflation and the bond market will have better luck.

[SD Realtor]

Yes I understand what you are saying.

It will be an interesting two years. Nonetheless the hopes of an inventory tsunami driven by foreclosures to produce affordable homes in the desireable areas of San Diego seems to have not really materialized.

Maybe inflation and the bond market will have better luck.

[SD Realtor]

Well CV, I am not sure that foreclosing quickly part is or ever was part of the plan. If institutionalized foreclosures would have happened en masse then those institutions would not have been able to manipulate the books as easily as if the assets were simply not performing. Once that foreclosure is done then financially it is a different ballgame.

Incompetence yes! I will agree with you on that end but you have to make sure you have your targets correct. I think the incompetence level in the liquidation groups that handle the short sales is nothing short of incredible. However when it comes to foreclosing, the beneficiary does not foreclose nor does the servicing entity, it is the trustee that is responsible for that. Of course they can be cancelled or even postponed by the bene. Also if you look back the political outcry from both the state and federal levels was considerable. Recall the various moratoriums put in place and as you brought up the loan mods and all that other fun, (which is still going on).

I would agree with you that the show is not over by a longshot. We have a hell of alot of inventory to chew through and plenty of deadbeats still in homes. It will literally take years to push this lump through the belly of the snake. I am not as concerned about housing starts as I am about interest rates. I think builders are pretty damn smart and will be able to price to sell as they are good at looking ahead. Inventory wise it will have an effect pricing the REO properties but they will get slurped up. Once they hit investment level pricing you will see them get bought.

Stability in rates is questionable at best and to me there is a fantastic drag race going on right now. That is, can the inventory get sold off before the dollar plummets dramatically and rates respond bigtime. I do agree, it will be a tightrope act. If they can keep a lid on rates for another 2 years I think they will be in pretty good shape. I am sure we will be discussing this plenty!

[SD Realtor]

Well CV, I am not sure that foreclosing quickly part is or ever was part of the plan. If institutionalized foreclosures would have happened en masse then those institutions would not have been able to manipulate the books as easily as if the assets were simply not performing. Once that foreclosure is done then financially it is a different ballgame.

Incompetence yes! I will agree with you on that end but you have to make sure you have your targets correct. I think the incompetence level in the liquidation groups that handle the short sales is nothing short of incredible. However when it comes to foreclosing, the beneficiary does not foreclose nor does the servicing entity, it is the trustee that is responsible for that. Of course they can be cancelled or even postponed by the bene. Also if you look back the political outcry from both the state and federal levels was considerable. Recall the various moratoriums put in place and as you brought up the loan mods and all that other fun, (which is still going on).

I would agree with you that the show is not over by a longshot. We have a hell of alot of inventory to chew through and plenty of deadbeats still in homes. It will literally take years to push this lump through the belly of the snake. I am not as concerned about housing starts as I am about interest rates. I think builders are pretty damn smart and will be able to price to sell as they are good at looking ahead. Inventory wise it will have an effect pricing the REO properties but they will get slurped up. Once they hit investment level pricing you will see them get bought.

Stability in rates is questionable at best and to me there is a fantastic drag race going on right now. That is, can the inventory get sold off before the dollar plummets dramatically and rates respond bigtime. I do agree, it will be a tightrope act. If they can keep a lid on rates for another 2 years I think they will be in pretty good shape. I am sure we will be discussing this plenty!

[SD Realtor]

Well CV, I am not sure that foreclosing quickly part is or ever was part of the plan. If institutionalized foreclosures would have happened en masse then those institutions would not have been able to manipulate the books as easily as if the assets were simply not performing. Once that foreclosure is done then financially it is a different ballgame.

Incompetence yes! I will agree with you on that end but you have to make sure you have your targets correct. I think the incompetence level in the liquidation groups that handle the short sales is nothing short of incredible. However when it comes to foreclosing, the beneficiary does not foreclose nor does the servicing entity, it is the trustee that is responsible for that. Of course they can be cancelled or even postponed by the bene. Also if you look back the political outcry from both the state and federal levels was considerable. Recall the various moratoriums put in place and as you brought up the loan mods and all that other fun, (which is still going on).

I would agree with you that the show is not over by a longshot. We have a hell of alot of inventory to chew through and plenty of deadbeats still in homes. It will literally take years to push this lump through the belly of the snake. I am not as concerned about housing starts as I am about interest rates. I think builders are pretty damn smart and will be able to price to sell as they are good at looking ahead. Inventory wise it will have an effect pricing the REO properties but they will get slurped up. Once they hit investment level pricing you will see them get bought.

Stability in rates is questionable at best and to me there is a fantastic drag race going on right now. That is, can the inventory get sold off before the dollar plummets dramatically and rates respond bigtime. I do agree, it will be a tightrope act. If they can keep a lid on rates for another 2 years I think they will be in pretty good shape. I am sure we will be discussing this plenty!

[SD Realtor]

Well CV, I am not sure that foreclosing quickly part is or ever was part of the plan. If institutionalized foreclosures would have happened en masse then those institutions would not have been able to manipulate the books as easily as if the assets were simply not performing. Once that foreclosure is done then financially it is a different ballgame.

Incompetence yes! I will agree with you on that end but you have to make sure you have your targets correct. I think the incompetence level in the liquidation groups that handle the short sales is nothing short of incredible. However when it comes to foreclosing, the beneficiary does not foreclose nor does the servicing entity, it is the trustee that is responsible for that. Of course they can be cancelled or even postponed by the bene. Also if you look back the political outcry from both the state and federal levels was considerable. Recall the various moratoriums put in place and as you brought up the loan mods and all that other fun, (which is still going on).

I would agree with you that the show is not over by a longshot. We have a hell of alot of inventory to chew through and plenty of deadbeats still in homes. It will literally take years to push this lump through the belly of the snake. I am not as concerned about housing starts as I am about interest rates. I think builders are pretty damn smart and will be able to price to sell as they are good at looking ahead. Inventory wise it will have an effect pricing the REO properties but they will get slurped up. Once they hit investment level pricing you will see them get bought.

Stability in rates is questionable at best and to me there is a fantastic drag race going on right now. That is, can the inventory get sold off before the dollar plummets dramatically and rates respond bigtime. I do agree, it will be a tightrope act. If they can keep a lid on rates for another 2 years I think they will be in pretty good shape. I am sure we will be discussing this plenty!

[SD Realtor]

Well CV, I am not sure that foreclosing quickly part is or ever was part of the plan. If institutionalized foreclosures would have happened en masse then those institutions would not have been able to manipulate the books as easily as if the assets were simply not performing. Once that foreclosure is done then financially it is a different ballgame.

Incompetence yes! I will agree with you on that end but you have to make sure you have your targets correct. I think the incompetence level in the liquidation groups that handle the short sales is nothing short of incredible. However when it comes to foreclosing, the beneficiary does not foreclose nor does the servicing entity, it is the trustee that is responsible for that. Of course they can be cancelled or even postponed by the bene. Also if you look back the political outcry from both the state and federal levels was considerable. Recall the various moratoriums put in place and as you brought up the loan mods and all that other fun, (which is still going on).

I would agree with you that the show is not over by a longshot. We have a hell of alot of inventory to chew through and plenty of deadbeats still in homes. It will literally take years to push this lump through the belly of the snake. I am not as concerned about housing starts as I am about interest rates. I think builders are pretty damn smart and will be able to price to sell as they are good at looking ahead. Inventory wise it will have an effect pricing the REO properties but they will get slurped up. Once they hit investment level pricing you will see them get bought.

Stability in rates is questionable at best and to me there is a fantastic drag race going on right now. That is, can the inventory get sold off before the dollar plummets dramatically and rates respond bigtime. I do agree, it will be a tightrope act. If they can keep a lid on rates for another 2 years I think they will be in pretty good shape. I am sure we will be discussing this plenty!

[SD Realtor]

I think it is an illustration of success from the perspective of the banks and govt. They implemented a plan using taxpayer money that consisted of a slower methodical manner in which to liquidate highly depreciated assets without totally cratering the bubbled market they created. The plan is by no means complete however it seems to be chugging along just fine. What you are seeing is simply the next phase of it. It is not that hard at all to get delinquent homeowners out of homes. If you look at the chronology, if someone has been in a home a year or two without paying, taking an extra couple of months to get them out is a piece of cake.

Sorry folks, no tsunami.

[Author]

Posts