[ucodegen]

Another situation that people need to watch out for is the way in which a lender releases the lien. In some cases the lender will accept the short sale AND release the owner from the deficiency and in other cases the lender will accept the short sale BUT they will ask the owner to sign a new note that is basically unsecured but does obligate the owner to repay the deficiency.

I am a little surprised that this is happening. If the mortgage is not a first, then it is recourse.. which means that banks can go after the previous owner on a deficiency judgement. The banks only have to either threaten to push for or push for foreclosure to break the logjam.

They might also be able to take the approach of a version of reduced deficiency for keys..

[ucodegen]

Another situation that people need to watch out for is the way in which a lender releases the lien. In some cases the lender will accept the short sale AND release the owner from the deficiency and in other cases the lender will accept the short sale BUT they will ask the owner to sign a new note that is basically unsecured but does obligate the owner to repay the deficiency.

I am a little surprised that this is happening. If the mortgage is not a first, then it is recourse.. which means that banks can go after the previous owner on a deficiency judgement. The banks only have to either threaten to push for or push for foreclosure to break the logjam.

They might also be able to take the approach of a version of reduced deficiency for keys..

[ucodegen]

Another situation that people need to watch out for is the way in which a lender releases the lien. In some cases the lender will accept the short sale AND release the owner from the deficiency and in other cases the lender will accept the short sale BUT they will ask the owner to sign a new note that is basically unsecured but does obligate the owner to repay the deficiency.

I am a little surprised that this is happening. If the mortgage is not a first, then it is recourse.. which means that banks can go after the previous owner on a deficiency judgement. The banks only have to either threaten to push for or push for foreclosure to break the logjam.

They might also be able to take the approach of a version of reduced deficiency for keys..

[ucodegen]

..deleted.. There is no delete button though to unpost a comment.

[ucodegen]

..deleted.. There is no delete button though to unpost a comment.

[ucodegen]

..deleted.. There is no delete button though to unpost a comment.

[ucodegen]

..deleted.. There is no delete button though to unpost a comment.

[ucodegen]

..deleted.. There is no delete button though to unpost a comment.

[ucodegen]

Just for the fun of it, here is a picture of a very old redwood aqueduct that is still in use..

http://en.wikipedia.org/wiki/Image:Aqueduct_Tokatee_Hydro_Project.jpg

found when I was trying to get pictures of Aqueduct Tunnel

[ucodegen]

Just for the fun of it, here is a picture of a very old redwood aqueduct that is still in use..

http://en.wikipedia.org/wiki/Image:Aqueduct_Tokatee_Hydro_Project.jpg

found when I was trying to get pictures of Aqueduct Tunnel

[ucodegen]

Just for the fun of it, here is a picture of a very old redwood aqueduct that is still in use..

http://en.wikipedia.org/wiki/Image:Aqueduct_Tokatee_Hydro_Project.jpg

found when I was trying to get pictures of Aqueduct Tunnel

[ucodegen]

Just for the fun of it, here is a picture of a very old redwood aqueduct that is still in use..

http://en.wikipedia.org/wiki/Image:Aqueduct_Tokatee_Hydro_Project.jpg

found when I was trying to get pictures of Aqueduct Tunnel

[ucodegen]

Just for the fun of it, here is a picture of a very old redwood aqueduct that is still in use..

http://en.wikipedia.org/wiki/Image:Aqueduct_Tokatee_Hydro_Project.jpg

found when I was trying to get pictures of Aqueduct Tunnel

[ucodegen]

and considering the enormous amount of energy needed to pump that water from either the Colorado river, or from the Delta and over the grapevine

Actually it goes through the grapevine. There is a long tunnel going through the mountains there.

http://www.hellolosangeles.com/Landmarks/Tunnel/269567/Aqueduct_Tunnel.cfm

I tried to find pictures of it before it was put into use. I found them once before. In addition, energy reclamation techniques such as siphoning (the water going downhill in the pipe is used to push/pull the water up the hill) and using the downfall to generate electricity are used. Even so, moving water around CA requires an incredible amount of energy.

http://www.spannertech.com/water/
http://wsoweb.ladwp.com/Aqueduct/historyoflaa/worldrecords.htm
http://www.ladwp.com/ladwp/cms/ladwp004409.jsp

[ucodegen]

and considering the enormous amount of energy needed to pump that water from either the Colorado river, or from the Delta and over the grapevine

Actually it goes through the grapevine. There is a long tunnel going through the mountains there.

http://www.hellolosangeles.com/Landmarks/Tunnel/269567/Aqueduct_Tunnel.cfm

I tried to find pictures of it before it was put into use. I found them once before. In addition, energy reclamation techniques such as siphoning (the water going downhill in the pipe is used to push/pull the water up the hill) and using the downfall to generate electricity are used. Even so, moving water around CA requires an incredible amount of energy.

http://www.spannertech.com/water/
http://wsoweb.ladwp.com/Aqueduct/historyoflaa/worldrecords.htm
http://www.ladwp.com/ladwp/cms/ladwp004409.jsp

[Author]

Posts