[sdrealtor]

I would try to negotiate with Countrywide first to accept a short pay on the 2nd trust deed. They should know by this time that they will get zero in a foreclosure. You might get them to release their lien for a grand or two. Then you will be left with a 1st that is a borderline short sale and a lender that is apt to be more willing to work with you once the 2nd trust deed is gone. For a little money you might well come out of this relatively unscathed.

Try this before you listen to the uninformed chimps on this board.

[sdrealtor]

FWIW, NOD and foreclosures are still very rare in Carlsbad unless you are looking for an older POS condo.

[sdrealtor]

FWIW, NOD and foreclosures are still very rare in Carlsbad unless you are looking for an older POS condo.

[sdrealtor]

FWIW, NOD and foreclosures are still very rare in Carlsbad unless you are looking for an older POS condo.

[sdrealtor]

FWIW, NOD and foreclosures are still very rare in Carlsbad unless you are looking for an older POS condo.

[sdrealtor]

FWIW, NOD and foreclosures are still very rare in Carlsbad unless you are looking for an older POS condo.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

unbiasedobserver,
The reason they have large cash hoards and high 700 fico’s is because they arent running around with ipod/iphones/ etc. They are driving old honda’s/toyotas and saving money to put into assets that may actually be good investments over time. Your realtors advice was good and similar to what I counsel people too. The only difference is that the income multiple has gone up a little as interest rates arent mid 8’s but rather mid 5’s right now so a 3 to 3.5 X multiple is OK rather than a 2.5X multiple.

[sdrealtor]

unbiasedobserver,
The reason they have large cash hoards and high 700 fico’s is because they arent running around with ipod/iphones/ etc. They are driving old honda’s/toyotas and saving money to put into assets that may actually be good investments over time. Your realtors advice was good and similar to what I counsel people too. The only difference is that the income multiple has gone up a little as interest rates arent mid 8’s but rather mid 5’s right now so a 3 to 3.5 X multiple is OK rather than a 2.5X multiple.

[sdrealtor]

unbiasedobserver,
The reason they have large cash hoards and high 700 fico’s is because they arent running around with ipod/iphones/ etc. They are driving old honda’s/toyotas and saving money to put into assets that may actually be good investments over time. Your realtors advice was good and similar to what I counsel people too. The only difference is that the income multiple has gone up a little as interest rates arent mid 8’s but rather mid 5’s right now so a 3 to 3.5 X multiple is OK rather than a 2.5X multiple.

[sdrealtor]

unbiasedobserver,
The reason they have large cash hoards and high 700 fico’s is because they arent running around with ipod/iphones/ etc. They are driving old honda’s/toyotas and saving money to put into assets that may actually be good investments over time. Your realtors advice was good and similar to what I counsel people too. The only difference is that the income multiple has gone up a little as interest rates arent mid 8’s but rather mid 5’s right now so a 3 to 3.5 X multiple is OK rather than a 2.5X multiple.

[Author]

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