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SD Realtor
Participant5697 meredith went pending last week. It is in escrow.
SD RealtorParticipant5697 meredith went pending last week. It is in escrow.
SD RealtorParticipant5697 meredith went pending last week. It is in escrow.
SD RealtorParticipant5697 meredith went pending last week. It is in escrow.
SD RealtorNovember 30, 2007 at 1:40 PM in reply to: Someone please explain this rate lock thing to me!!! #105675ParticipantAgreed with gn and bsr… Think about it… the investors have the following alternatives… Watch the investments they made go basically down the tubes or accept a much lower rate of return with no gaurantee of what will happen in the future. The investors have absolutely no (or very little) recourse here. Even if they went all the way back to prove that the orginator was at fault during the underwriting process and tried to get the loans returned eventually the lender will just go belly up (see new century) so that path is dead as well.
So the alternative is to modify, stretch out the timeline and hope in 5 years the climate has changed.
Seems like a no brainer to me.
SD Realtor
November 30, 2007 at 1:40 PM in reply to: Someone please explain this rate lock thing to me!!! #105765ParticipantAgreed with gn and bsr… Think about it… the investors have the following alternatives… Watch the investments they made go basically down the tubes or accept a much lower rate of return with no gaurantee of what will happen in the future. The investors have absolutely no (or very little) recourse here. Even if they went all the way back to prove that the orginator was at fault during the underwriting process and tried to get the loans returned eventually the lender will just go belly up (see new century) so that path is dead as well.
So the alternative is to modify, stretch out the timeline and hope in 5 years the climate has changed.
Seems like a no brainer to me.
SD Realtor
November 30, 2007 at 1:40 PM in reply to: Someone please explain this rate lock thing to me!!! #105798ParticipantAgreed with gn and bsr… Think about it… the investors have the following alternatives… Watch the investments they made go basically down the tubes or accept a much lower rate of return with no gaurantee of what will happen in the future. The investors have absolutely no (or very little) recourse here. Even if they went all the way back to prove that the orginator was at fault during the underwriting process and tried to get the loans returned eventually the lender will just go belly up (see new century) so that path is dead as well.
So the alternative is to modify, stretch out the timeline and hope in 5 years the climate has changed.
Seems like a no brainer to me.
SD Realtor
November 30, 2007 at 1:40 PM in reply to: Someone please explain this rate lock thing to me!!! #105807ParticipantAgreed with gn and bsr… Think about it… the investors have the following alternatives… Watch the investments they made go basically down the tubes or accept a much lower rate of return with no gaurantee of what will happen in the future. The investors have absolutely no (or very little) recourse here. Even if they went all the way back to prove that the orginator was at fault during the underwriting process and tried to get the loans returned eventually the lender will just go belly up (see new century) so that path is dead as well.
So the alternative is to modify, stretch out the timeline and hope in 5 years the climate has changed.
Seems like a no brainer to me.
SD Realtor
November 30, 2007 at 1:40 PM in reply to: Someone please explain this rate lock thing to me!!! #105826ParticipantAgreed with gn and bsr… Think about it… the investors have the following alternatives… Watch the investments they made go basically down the tubes or accept a much lower rate of return with no gaurantee of what will happen in the future. The investors have absolutely no (or very little) recourse here. Even if they went all the way back to prove that the orginator was at fault during the underwriting process and tried to get the loans returned eventually the lender will just go belly up (see new century) so that path is dead as well.
So the alternative is to modify, stretch out the timeline and hope in 5 years the climate has changed.
Seems like a no brainer to me.
SD Realtor
ParticipantPW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?
SD Realtor
ParticipantPW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?
SD Realtor
ParticipantPW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?
SD Realtor
ParticipantPW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?
SD Realtor
ParticipantPW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?
SD Realtor
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