[temeculaguy]

djc, I wasn’t trying to be cynical, just looking at it logically and asking myself the question, “why would a bank who is getting all of their money every month and on time, suddenly ask permission to lose money?” Even when people are in distress they don’t get deals like that, why solicit reworks from your performing loans if you are the bank?

Taking the “no free lunch approach” I assume there is a catch or a part of the scenario missing. Be sure to ask questions other than read the letter. There is one other possibility, it could be a scam of some sort from someone other than their bank or someone posing as the bank, verify the phone number with the actual mortgage servicer’s number listed online or on the bill. There are outfits fleecing people right now and there have always been mortgage companies marketing to get people out of good loans into bad ones, countrywide was notorious for this, marketing to their own clients.

[temeculaguy]

djc, I wasn’t trying to be cynical, just looking at it logically and asking myself the question, “why would a bank who is getting all of their money every month and on time, suddenly ask permission to lose money?” Even when people are in distress they don’t get deals like that, why solicit reworks from your performing loans if you are the bank?

Taking the “no free lunch approach” I assume there is a catch or a part of the scenario missing. Be sure to ask questions other than read the letter. There is one other possibility, it could be a scam of some sort from someone other than their bank or someone posing as the bank, verify the phone number with the actual mortgage servicer’s number listed online or on the bill. There are outfits fleecing people right now and there have always been mortgage companies marketing to get people out of good loans into bad ones, countrywide was notorious for this, marketing to their own clients.

[temeculaguy]

djc, I wasn’t trying to be cynical, just looking at it logically and asking myself the question, “why would a bank who is getting all of their money every month and on time, suddenly ask permission to lose money?” Even when people are in distress they don’t get deals like that, why solicit reworks from your performing loans if you are the bank?

Taking the “no free lunch approach” I assume there is a catch or a part of the scenario missing. Be sure to ask questions other than read the letter. There is one other possibility, it could be a scam of some sort from someone other than their bank or someone posing as the bank, verify the phone number with the actual mortgage servicer’s number listed online or on the bill. There are outfits fleecing people right now and there have always been mortgage companies marketing to get people out of good loans into bad ones, countrywide was notorious for this, marketing to their own clients.

[temeculaguy]

djc, I wasn’t trying to be cynical, just looking at it logically and asking myself the question, “why would a bank who is getting all of their money every month and on time, suddenly ask permission to lose money?” Even when people are in distress they don’t get deals like that, why solicit reworks from your performing loans if you are the bank?

Taking the “no free lunch approach” I assume there is a catch or a part of the scenario missing. Be sure to ask questions other than read the letter. There is one other possibility, it could be a scam of some sort from someone other than their bank or someone posing as the bank, verify the phone number with the actual mortgage servicer’s number listed online or on the bill. There are outfits fleecing people right now and there have always been mortgage companies marketing to get people out of good loans into bad ones, countrywide was notorious for this, marketing to their own clients.

[temeculaguy]

First off, casual coctail party conversation cannot be deemed reliable. People tend to ommit things and overstate the positive. Secondly, without seeing the fine print, you can’t tell if they have sold off half their potential future profits as is the case with all reworks and principal reductions thus far.

I can’t tell you how many people described the option arm loans inaccurately in 2005, most saying that they will pay it off in 30 years by paying the lowest amount, people actually think these things and can’t be faulted for not understanding complex formulas.

Don’t be envious of these people, they are in debtors prisons, none are paying the same as rent and none are building any equity, yet most wont benefit from appreciation when it does come. So far, everything I’ve seen to “keep people in their home” only serves to “keep them from ever owning their home.”

[temeculaguy]

First off, casual coctail party conversation cannot be deemed reliable. People tend to ommit things and overstate the positive. Secondly, without seeing the fine print, you can’t tell if they have sold off half their potential future profits as is the case with all reworks and principal reductions thus far.

I can’t tell you how many people described the option arm loans inaccurately in 2005, most saying that they will pay it off in 30 years by paying the lowest amount, people actually think these things and can’t be faulted for not understanding complex formulas.

Don’t be envious of these people, they are in debtors prisons, none are paying the same as rent and none are building any equity, yet most wont benefit from appreciation when it does come. So far, everything I’ve seen to “keep people in their home” only serves to “keep them from ever owning their home.”

[temeculaguy]

First off, casual coctail party conversation cannot be deemed reliable. People tend to ommit things and overstate the positive. Secondly, without seeing the fine print, you can’t tell if they have sold off half their potential future profits as is the case with all reworks and principal reductions thus far.

I can’t tell you how many people described the option arm loans inaccurately in 2005, most saying that they will pay it off in 30 years by paying the lowest amount, people actually think these things and can’t be faulted for not understanding complex formulas.

Don’t be envious of these people, they are in debtors prisons, none are paying the same as rent and none are building any equity, yet most wont benefit from appreciation when it does come. So far, everything I’ve seen to “keep people in their home” only serves to “keep them from ever owning their home.”

[temeculaguy]

First off, casual coctail party conversation cannot be deemed reliable. People tend to ommit things and overstate the positive. Secondly, without seeing the fine print, you can’t tell if they have sold off half their potential future profits as is the case with all reworks and principal reductions thus far.

I can’t tell you how many people described the option arm loans inaccurately in 2005, most saying that they will pay it off in 30 years by paying the lowest amount, people actually think these things and can’t be faulted for not understanding complex formulas.

Don’t be envious of these people, they are in debtors prisons, none are paying the same as rent and none are building any equity, yet most wont benefit from appreciation when it does come. So far, everything I’ve seen to “keep people in their home” only serves to “keep them from ever owning their home.”

[temeculaguy]

First off, casual coctail party conversation cannot be deemed reliable. People tend to ommit things and overstate the positive. Secondly, without seeing the fine print, you can’t tell if they have sold off half their potential future profits as is the case with all reworks and principal reductions thus far.

I can’t tell you how many people described the option arm loans inaccurately in 2005, most saying that they will pay it off in 30 years by paying the lowest amount, people actually think these things and can’t be faulted for not understanding complex formulas.

Don’t be envious of these people, they are in debtors prisons, none are paying the same as rent and none are building any equity, yet most wont benefit from appreciation when it does come. So far, everything I’ve seen to “keep people in their home” only serves to “keep them from ever owning their home.”

[temeculaguy]

A barrel purchased today will not be at the pump tommorrow, the stuff at the pump was bought for over $100. Oil also was under $80 for a very short time, unlikely that every oil company bought next month’s supply during that ten minutes. They average what they have to pay. Will is get passed on asap? No. Eventually it will go down, if these oil prices hold for a month and they stay around $80 every day for the next month, we will see it fall below $3 at the pump, maybe $2.75 at Costco.

Look at the average price for a month, not just closing price but the average it gets to in a day and a month. Even today, it was $79 for a little while and $83 for a while, so toady’s average was really $81, other days it may settle at $83 but spent time at $88, so you can’t use the low water mark in calculating what they got it for since we as a country buy oil every second of every day.

[temeculaguy]

A barrel purchased today will not be at the pump tommorrow, the stuff at the pump was bought for over $100. Oil also was under $80 for a very short time, unlikely that every oil company bought next month’s supply during that ten minutes. They average what they have to pay. Will is get passed on asap? No. Eventually it will go down, if these oil prices hold for a month and they stay around $80 every day for the next month, we will see it fall below $3 at the pump, maybe $2.75 at Costco.

Look at the average price for a month, not just closing price but the average it gets to in a day and a month. Even today, it was $79 for a little while and $83 for a while, so toady’s average was really $81, other days it may settle at $83 but spent time at $88, so you can’t use the low water mark in calculating what they got it for since we as a country buy oil every second of every day.

[temeculaguy]

A barrel purchased today will not be at the pump tommorrow, the stuff at the pump was bought for over $100. Oil also was under $80 for a very short time, unlikely that every oil company bought next month’s supply during that ten minutes. They average what they have to pay. Will is get passed on asap? No. Eventually it will go down, if these oil prices hold for a month and they stay around $80 every day for the next month, we will see it fall below $3 at the pump, maybe $2.75 at Costco.

Look at the average price for a month, not just closing price but the average it gets to in a day and a month. Even today, it was $79 for a little while and $83 for a while, so toady’s average was really $81, other days it may settle at $83 but spent time at $88, so you can’t use the low water mark in calculating what they got it for since we as a country buy oil every second of every day.

[temeculaguy]

A barrel purchased today will not be at the pump tommorrow, the stuff at the pump was bought for over $100. Oil also was under $80 for a very short time, unlikely that every oil company bought next month’s supply during that ten minutes. They average what they have to pay. Will is get passed on asap? No. Eventually it will go down, if these oil prices hold for a month and they stay around $80 every day for the next month, we will see it fall below $3 at the pump, maybe $2.75 at Costco.

Look at the average price for a month, not just closing price but the average it gets to in a day and a month. Even today, it was $79 for a little while and $83 for a while, so toady’s average was really $81, other days it may settle at $83 but spent time at $88, so you can’t use the low water mark in calculating what they got it for since we as a country buy oil every second of every day.

[temeculaguy]

A barrel purchased today will not be at the pump tommorrow, the stuff at the pump was bought for over $100. Oil also was under $80 for a very short time, unlikely that every oil company bought next month’s supply during that ten minutes. They average what they have to pay. Will is get passed on asap? No. Eventually it will go down, if these oil prices hold for a month and they stay around $80 every day for the next month, we will see it fall below $3 at the pump, maybe $2.75 at Costco.

Look at the average price for a month, not just closing price but the average it gets to in a day and a month. Even today, it was $79 for a little while and $83 for a while, so toady’s average was really $81, other days it may settle at $83 but spent time at $88, so you can’t use the low water mark in calculating what they got it for since we as a country buy oil every second of every day.

[temeculaguy]

Not one in my zip code. You can bookmark a page in redfin that will just list new listings and reduced listings

http://www.redfin.com/zipcode/92592

just put whatever zipcode you want at the end and you can pick the newest listing tab or reduced listing tab, a ritual I do every day. Today had four reductions, which is normal, yet none were coldwell listings.

[Author]

Posts