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UCGal
Participant[quote=patientrenter][quote=UCGal]From a taxpayer point of view… isn’t moving these homes off the fannie mae holdings a good thing? ….[/quote]
How is lending someone all (or almost all) the money to ‘buy’ a house from the taxpayers, with no recourse beyond the home if they fail to repay the loan, letting taxpayers off the hook?
[/quote]I would assume at least some percentage will pay the mortgages. Presumably more than 50% of these sales (very conservative number) will result in mortgages paid. That’s better than ZERO percent.
It’s not ideal… but it’s better than fannie sitting with the houses, not for sale, not for rent, not doing anything.
Participant[quote=patientrenter][quote=UCGal]From a taxpayer point of view… isn’t moving these homes off the fannie mae holdings a good thing? ….[/quote]
How is lending someone all (or almost all) the money to ‘buy’ a house from the taxpayers, with no recourse beyond the home if they fail to repay the loan, letting taxpayers off the hook?
[/quote]I would assume at least some percentage will pay the mortgages. Presumably more than 50% of these sales (very conservative number) will result in mortgages paid. That’s better than ZERO percent.
It’s not ideal… but it’s better than fannie sitting with the houses, not for sale, not for rent, not doing anything.
Participantunbelievable.
Participantunbelievable.
Participantunbelievable.
Participantunbelievable.
Participantunbelievable.
ParticipantFrom a taxpayer point of view… isn’t moving these homes off the fannie mae holdings a good thing?
Of course buyer beware.
ParticipantFrom a taxpayer point of view… isn’t moving these homes off the fannie mae holdings a good thing?
Of course buyer beware.
ParticipantFrom a taxpayer point of view… isn’t moving these homes off the fannie mae holdings a good thing?
Of course buyer beware.
ParticipantFrom a taxpayer point of view… isn’t moving these homes off the fannie mae holdings a good thing?
Of course buyer beware.
ParticipantFrom a taxpayer point of view… isn’t moving these homes off the fannie mae holdings a good thing?
Of course buyer beware.
Participant[quote=flu]tread very lightly here. As OCRenter pointed out in the past…Freedom isn’t really free.
The links were public searchable records (hit returns from google)..
[/quote]If you plug in the address from craigslist into google, you come up with two names. (Same last name, two first names.) If you plug those names into the grantee/grantor document search on the county website you get info.
If you plug the address from the craigslist ad into the county property tax search, you get the same 2 names, and additional info about their tax status.Do you think I need to remove my previous comments?
Participant[quote=flu]tread very lightly here. As OCRenter pointed out in the past…Freedom isn’t really free.
The links were public searchable records (hit returns from google)..
[/quote]If you plug in the address from craigslist into google, you come up with two names. (Same last name, two first names.) If you plug those names into the grantee/grantor document search on the county website you get info.
If you plug the address from the craigslist ad into the county property tax search, you get the same 2 names, and additional info about their tax status.Do you think I need to remove my previous comments?
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