[SD Realtor]

Ray –

Are you kidding me? I wish!!

This particular lender (wilshire credit corp) will not accept ANY emails. I tried that way back when with them.

I use myfax. It blows away efax.

SD Realtor

[SD Realtor]

Ray –

Are you kidding me? I wish!!

This particular lender (wilshire credit corp) will not accept ANY emails. I tried that way back when with them.

I use myfax. It blows away efax.

SD Realtor

[SD Realtor]

Ray –

Are you kidding me? I wish!!

This particular lender (wilshire credit corp) will not accept ANY emails. I tried that way back when with them.

I use myfax. It blows away efax.

SD Realtor

[SD Realtor]

Ray –

Are you kidding me? I wish!!

This particular lender (wilshire credit corp) will not accept ANY emails. I tried that way back when with them.

I use myfax. It blows away efax.

SD Realtor

[SD Realtor]

Ray –

Are you kidding me? I wish!!

This particular lender (wilshire credit corp) will not accept ANY emails. I tried that way back when with them.

I use myfax. It blows away efax.

SD Realtor

[SD Realtor]

I agree with patientrenter, it would make sense that the lender is just trying to buy some time.

SD Realtor

[SD Realtor]

I agree with patientrenter, it would make sense that the lender is just trying to buy some time.

SD Realtor

[SD Realtor]

I agree with patientrenter, it would make sense that the lender is just trying to buy some time.

SD Realtor

[SD Realtor]

I agree with patientrenter, it would make sense that the lender is just trying to buy some time.

SD Realtor

[SD Realtor]

I agree with patientrenter, it would make sense that the lender is just trying to buy some time.

SD Realtor

[SD Realtor]

kev I am not sure what your brother was referring to but this is what I think he was alluding to..

All lenders or companies servicing loans have loan workout departments that are intended to help homeowners out who are in distress. However in order to go through the loan workout process it is by all means no walk in the park. The burden of proof is on the homeowner that they are in distress. That includes a pile of documentation, tax returns, financial records, employment information, w2s… on and on and on. Based on the situation as well as your particular cash flow, the lender or shall I say loan workout department MAY go ahead and try to figure out a way to help you out. It all depends on the numbers, if they see a way that will be beneficial to THEM.

Again, the entire process is a royal pain in the ass. I know of a few people who are going through the process. Kev I don’t think that the lenders are actually actively calling everyone up and offering a loan workout to them. What is happening is that people who may have missed a payment or who are in default or who have contacted the lender to say that they need help, are getting the details on what they need to provide to the lender in order for the lender to consider a loan work out.

Now I will say that lenders are being more proactive and getting in touch with people who have impending resets so that the reset does not catch them by surprise.

*******

You brought up the more important question kev which was, how will this impact the depreciation cycle? I don’t think it will be enough to substantially change things. To me at the very most, it will simply prolong the pain and slow down the tide… but eventually the painkiller wears off, and the tide rolls in anyways… sorry to hack two metaphors.

********

SD Realtor

[SD Realtor]

kev I am not sure what your brother was referring to but this is what I think he was alluding to..

All lenders or companies servicing loans have loan workout departments that are intended to help homeowners out who are in distress. However in order to go through the loan workout process it is by all means no walk in the park. The burden of proof is on the homeowner that they are in distress. That includes a pile of documentation, tax returns, financial records, employment information, w2s… on and on and on. Based on the situation as well as your particular cash flow, the lender or shall I say loan workout department MAY go ahead and try to figure out a way to help you out. It all depends on the numbers, if they see a way that will be beneficial to THEM.

Again, the entire process is a royal pain in the ass. I know of a few people who are going through the process. Kev I don’t think that the lenders are actually actively calling everyone up and offering a loan workout to them. What is happening is that people who may have missed a payment or who are in default or who have contacted the lender to say that they need help, are getting the details on what they need to provide to the lender in order for the lender to consider a loan work out.

Now I will say that lenders are being more proactive and getting in touch with people who have impending resets so that the reset does not catch them by surprise.

*******

You brought up the more important question kev which was, how will this impact the depreciation cycle? I don’t think it will be enough to substantially change things. To me at the very most, it will simply prolong the pain and slow down the tide… but eventually the painkiller wears off, and the tide rolls in anyways… sorry to hack two metaphors.

********

SD Realtor

[SD Realtor]

kev I am not sure what your brother was referring to but this is what I think he was alluding to..

All lenders or companies servicing loans have loan workout departments that are intended to help homeowners out who are in distress. However in order to go through the loan workout process it is by all means no walk in the park. The burden of proof is on the homeowner that they are in distress. That includes a pile of documentation, tax returns, financial records, employment information, w2s… on and on and on. Based on the situation as well as your particular cash flow, the lender or shall I say loan workout department MAY go ahead and try to figure out a way to help you out. It all depends on the numbers, if they see a way that will be beneficial to THEM.

Again, the entire process is a royal pain in the ass. I know of a few people who are going through the process. Kev I don’t think that the lenders are actually actively calling everyone up and offering a loan workout to them. What is happening is that people who may have missed a payment or who are in default or who have contacted the lender to say that they need help, are getting the details on what they need to provide to the lender in order for the lender to consider a loan work out.

Now I will say that lenders are being more proactive and getting in touch with people who have impending resets so that the reset does not catch them by surprise.

*******

You brought up the more important question kev which was, how will this impact the depreciation cycle? I don’t think it will be enough to substantially change things. To me at the very most, it will simply prolong the pain and slow down the tide… but eventually the painkiller wears off, and the tide rolls in anyways… sorry to hack two metaphors.

********

SD Realtor

[SD Realtor]

kev I am not sure what your brother was referring to but this is what I think he was alluding to..

All lenders or companies servicing loans have loan workout departments that are intended to help homeowners out who are in distress. However in order to go through the loan workout process it is by all means no walk in the park. The burden of proof is on the homeowner that they are in distress. That includes a pile of documentation, tax returns, financial records, employment information, w2s… on and on and on. Based on the situation as well as your particular cash flow, the lender or shall I say loan workout department MAY go ahead and try to figure out a way to help you out. It all depends on the numbers, if they see a way that will be beneficial to THEM.

Again, the entire process is a royal pain in the ass. I know of a few people who are going through the process. Kev I don’t think that the lenders are actually actively calling everyone up and offering a loan workout to them. What is happening is that people who may have missed a payment or who are in default or who have contacted the lender to say that they need help, are getting the details on what they need to provide to the lender in order for the lender to consider a loan work out.

Now I will say that lenders are being more proactive and getting in touch with people who have impending resets so that the reset does not catch them by surprise.

*******

You brought up the more important question kev which was, how will this impact the depreciation cycle? I don’t think it will be enough to substantially change things. To me at the very most, it will simply prolong the pain and slow down the tide… but eventually the painkiller wears off, and the tide rolls in anyways… sorry to hack two metaphors.

********

SD Realtor

[SD Realtor]

kev I am not sure what your brother was referring to but this is what I think he was alluding to..

All lenders or companies servicing loans have loan workout departments that are intended to help homeowners out who are in distress. However in order to go through the loan workout process it is by all means no walk in the park. The burden of proof is on the homeowner that they are in distress. That includes a pile of documentation, tax returns, financial records, employment information, w2s… on and on and on. Based on the situation as well as your particular cash flow, the lender or shall I say loan workout department MAY go ahead and try to figure out a way to help you out. It all depends on the numbers, if they see a way that will be beneficial to THEM.

Again, the entire process is a royal pain in the ass. I know of a few people who are going through the process. Kev I don’t think that the lenders are actually actively calling everyone up and offering a loan workout to them. What is happening is that people who may have missed a payment or who are in default or who have contacted the lender to say that they need help, are getting the details on what they need to provide to the lender in order for the lender to consider a loan work out.

Now I will say that lenders are being more proactive and getting in touch with people who have impending resets so that the reset does not catch them by surprise.

*******

You brought up the more important question kev which was, how will this impact the depreciation cycle? I don’t think it will be enough to substantially change things. To me at the very most, it will simply prolong the pain and slow down the tide… but eventually the painkiller wears off, and the tide rolls in anyways… sorry to hack two metaphors.

********

SD Realtor

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