[SD Squatter]

I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…

[SD Squatter]

I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…

[SD Squatter]

I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…

[SD Squatter]

I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…

[SD Squatter]

You want to know who’s getting the really good prices? Here is the answer for you:

Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect.
“It has been very successful — very strong,” John Lawrence, the company’s head of loan servicing, told Mr. Kurland one recent morning in a glass-walled boardroom here at PennyMac’s spacious headquarters, opened last year in the same Los Angeles suburb where Countrywide once flourished.
“In fact, it’s off-the-charts good,” he told Mr. Kurland, who was leaning back comfortably in his leather boardroom chair, even as the financial markets in New York were plunging.

http://www.nytimes.com/2009/03/04/business/04penny.html?_r=2&partner=rss&emc=rss

Nothing ever changes, you don’t get to play with the “big boyz” running the business. Of course it’s YOUR tax money that allowed their big bank friends to offer these heavy discounts on bulk home sales with little regard. They get bailed out anyway.

So you want to know where YOUR tax money spent on bailout went? To line the pockets of the same “big boyz” that started it all. Now go cry in the corner…

[SD Squatter]

You want to know who’s getting the really good prices? Here is the answer for you:

Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect.
“It has been very successful — very strong,” John Lawrence, the company’s head of loan servicing, told Mr. Kurland one recent morning in a glass-walled boardroom here at PennyMac’s spacious headquarters, opened last year in the same Los Angeles suburb where Countrywide once flourished.
“In fact, it’s off-the-charts good,” he told Mr. Kurland, who was leaning back comfortably in his leather boardroom chair, even as the financial markets in New York were plunging.

http://www.nytimes.com/2009/03/04/business/04penny.html?_r=2&partner=rss&emc=rss

Nothing ever changes, you don’t get to play with the “big boyz” running the business. Of course it’s YOUR tax money that allowed their big bank friends to offer these heavy discounts on bulk home sales with little regard. They get bailed out anyway.

So you want to know where YOUR tax money spent on bailout went? To line the pockets of the same “big boyz” that started it all. Now go cry in the corner…

[SD Squatter]

You want to know who’s getting the really good prices? Here is the answer for you:

Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect.
“It has been very successful — very strong,” John Lawrence, the company’s head of loan servicing, told Mr. Kurland one recent morning in a glass-walled boardroom here at PennyMac’s spacious headquarters, opened last year in the same Los Angeles suburb where Countrywide once flourished.
“In fact, it’s off-the-charts good,” he told Mr. Kurland, who was leaning back comfortably in his leather boardroom chair, even as the financial markets in New York were plunging.

http://www.nytimes.com/2009/03/04/business/04penny.html?_r=2&partner=rss&emc=rss

Nothing ever changes, you don’t get to play with the “big boyz” running the business. Of course it’s YOUR tax money that allowed their big bank friends to offer these heavy discounts on bulk home sales with little regard. They get bailed out anyway.

So you want to know where YOUR tax money spent on bailout went? To line the pockets of the same “big boyz” that started it all. Now go cry in the corner…

[SD Squatter]

You want to know who’s getting the really good prices? Here is the answer for you:

Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect.
“It has been very successful — very strong,” John Lawrence, the company’s head of loan servicing, told Mr. Kurland one recent morning in a glass-walled boardroom here at PennyMac’s spacious headquarters, opened last year in the same Los Angeles suburb where Countrywide once flourished.
“In fact, it’s off-the-charts good,” he told Mr. Kurland, who was leaning back comfortably in his leather boardroom chair, even as the financial markets in New York were plunging.

http://www.nytimes.com/2009/03/04/business/04penny.html?_r=2&partner=rss&emc=rss

Nothing ever changes, you don’t get to play with the “big boyz” running the business. Of course it’s YOUR tax money that allowed their big bank friends to offer these heavy discounts on bulk home sales with little regard. They get bailed out anyway.

So you want to know where YOUR tax money spent on bailout went? To line the pockets of the same “big boyz” that started it all. Now go cry in the corner…

[SD Squatter]

You want to know who’s getting the really good prices? Here is the answer for you:

Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect.
“It has been very successful — very strong,” John Lawrence, the company’s head of loan servicing, told Mr. Kurland one recent morning in a glass-walled boardroom here at PennyMac’s spacious headquarters, opened last year in the same Los Angeles suburb where Countrywide once flourished.
“In fact, it’s off-the-charts good,” he told Mr. Kurland, who was leaning back comfortably in his leather boardroom chair, even as the financial markets in New York were plunging.

http://www.nytimes.com/2009/03/04/business/04penny.html?_r=2&partner=rss&emc=rss

Nothing ever changes, you don’t get to play with the “big boyz” running the business. Of course it’s YOUR tax money that allowed their big bank friends to offer these heavy discounts on bulk home sales with little regard. They get bailed out anyway.

So you want to know where YOUR tax money spent on bailout went? To line the pockets of the same “big boyz” that started it all. Now go cry in the corner…

[SD Squatter]

Well, depends if you consider Clairemont “bad”:

http://www.sdlookup.com/MLS-080051510-4445_Gila_Ave_San_Diego_Ca_92117

http://www.sdlookup.com/MLS-080052003-4227_Moraga_San_Diego_Ca_92117

Also, notice the choice of magazines in the bathroom: Rifleman 🙂

[quote=ibjames][quote=ibjames][quote=SD Squatter]How about these two “gems”:

A “fixer-upper” investment property (can’t believe it went for $358k…):

http://www.sdlookup.com/Pictures-080052003

This one comes with a free car parked in the backyard:

http://www.sdlookup.com/Pictures-080051510

[/quote]

wow.. 358! I love the guy sitting on the couch in one of those pictures

Nice car, why would you take a pic of that? Maybe so people know what to expect when they get there?
[/quote]

Are those bad areas those properties are in?
[/quote]

[SD Squatter]

Well, depends if you consider Clairemont “bad”:

http://www.sdlookup.com/MLS-080051510-4445_Gila_Ave_San_Diego_Ca_92117

http://www.sdlookup.com/MLS-080052003-4227_Moraga_San_Diego_Ca_92117

Also, notice the choice of magazines in the bathroom: Rifleman 🙂

[quote=ibjames][quote=ibjames][quote=SD Squatter]How about these two “gems”:

A “fixer-upper” investment property (can’t believe it went for $358k…):

http://www.sdlookup.com/Pictures-080052003

This one comes with a free car parked in the backyard:

http://www.sdlookup.com/Pictures-080051510

[/quote]

wow.. 358! I love the guy sitting on the couch in one of those pictures

Nice car, why would you take a pic of that? Maybe so people know what to expect when they get there?
[/quote]

Are those bad areas those properties are in?
[/quote]

[SD Squatter]

Well, depends if you consider Clairemont “bad”:

http://www.sdlookup.com/MLS-080051510-4445_Gila_Ave_San_Diego_Ca_92117

http://www.sdlookup.com/MLS-080052003-4227_Moraga_San_Diego_Ca_92117

Also, notice the choice of magazines in the bathroom: Rifleman 🙂

[quote=ibjames][quote=ibjames][quote=SD Squatter]How about these two “gems”:

A “fixer-upper” investment property (can’t believe it went for $358k…):

http://www.sdlookup.com/Pictures-080052003

This one comes with a free car parked in the backyard:

http://www.sdlookup.com/Pictures-080051510

[/quote]

wow.. 358! I love the guy sitting on the couch in one of those pictures

Nice car, why would you take a pic of that? Maybe so people know what to expect when they get there?
[/quote]

Are those bad areas those properties are in?
[/quote]

[SD Squatter]

Well, depends if you consider Clairemont “bad”:

http://www.sdlookup.com/MLS-080051510-4445_Gila_Ave_San_Diego_Ca_92117

http://www.sdlookup.com/MLS-080052003-4227_Moraga_San_Diego_Ca_92117

Also, notice the choice of magazines in the bathroom: Rifleman 🙂

[quote=ibjames][quote=ibjames][quote=SD Squatter]How about these two “gems”:

A “fixer-upper” investment property (can’t believe it went for $358k…):

http://www.sdlookup.com/Pictures-080052003

This one comes with a free car parked in the backyard:

http://www.sdlookup.com/Pictures-080051510

[/quote]

wow.. 358! I love the guy sitting on the couch in one of those pictures

Nice car, why would you take a pic of that? Maybe so people know what to expect when they get there?
[/quote]

Are those bad areas those properties are in?
[/quote]

[SD Squatter]

Well, depends if you consider Clairemont “bad”:

http://www.sdlookup.com/MLS-080051510-4445_Gila_Ave_San_Diego_Ca_92117

http://www.sdlookup.com/MLS-080052003-4227_Moraga_San_Diego_Ca_92117

Also, notice the choice of magazines in the bathroom: Rifleman 🙂

[quote=ibjames][quote=ibjames][quote=SD Squatter]How about these two “gems”:

A “fixer-upper” investment property (can’t believe it went for $358k…):

http://www.sdlookup.com/Pictures-080052003

This one comes with a free car parked in the backyard:

http://www.sdlookup.com/Pictures-080051510

[/quote]

wow.. 358! I love the guy sitting on the couch in one of those pictures

Nice car, why would you take a pic of that? Maybe so people know what to expect when they get there?
[/quote]

Are those bad areas those properties are in?
[/quote]

[SD Squatter]

How about these two “gems”:

A “fixer-upper” investment property (can’t believe it went for $358k…):

http://www.sdlookup.com/Pictures-080052003

This one comes with a free car parked in the backyard:

http://www.sdlookup.com/Pictures-080051510

[Author]

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