Forum Replies Created
-
AuthorPosts
-
urbanrealtor
Participant[quote=patientrenter]Never used it, but don’t like limitations on others’ personal, private behavior.
My room-mate in college used it constantly, when he wasn’t drinking. Graduated top of class in 3 majors, and went on to Stanford PhD and a job as a researcher at Bell Labs. That’s what slacking will do for you.[/quote]
Damn.
What grade was he hitting?For me it just made me hate housecleaning slightly less.
It certainly never empowered me.
Participant[quote=jpinpb]Okay. I just went through my weekly NOD and foreclosure search. I have noticed that a lot of properties that in January had NODs but were not listed (and still not) are scheduled for foreclosure. This surprised me. But it’s in line w/3 months. So maybe – just maybe, the banks will actually foreclose and we will see them listed soon thereafter.
If this is going to be true, then look out for the February and March NODs. It may be one heck of a summer. [/quote]
I think, considering how averse the banks are to actually repo’ing the properties, it might be a better metric to examine the NOTs rather than the NODs and evaluate the percentage of NOTs to listed REOs.
Its not that the NODs are wrong, just that more than half the NODs I see get filed these days never turn into NOTs or only turn into them after 12-18 months. Often if a homeowner is reworking a loan or negotiating with the bank for a DIL, they will not list it (because they have not interest in selling it). During this time, the bank will often file the NOD as they process whatever sort of change in contract.
I would venture to say that about half of the NODs in, say, 92103 will never get to NOT or REO stage.
The owners want to stay there and the bank wants to continue to collect payment (even at a reduced rate) from them. Such contract modifications are often in the best interest (except, perhaps, bargain hunters and realtors).
Participant[quote=jpinpb]Okay. I just went through my weekly NOD and foreclosure search. I have noticed that a lot of properties that in January had NODs but were not listed (and still not) are scheduled for foreclosure. This surprised me. But it’s in line w/3 months. So maybe – just maybe, the banks will actually foreclose and we will see them listed soon thereafter.
If this is going to be true, then look out for the February and March NODs. It may be one heck of a summer. [/quote]
I think, considering how averse the banks are to actually repo’ing the properties, it might be a better metric to examine the NOTs rather than the NODs and evaluate the percentage of NOTs to listed REOs.
Its not that the NODs are wrong, just that more than half the NODs I see get filed these days never turn into NOTs or only turn into them after 12-18 months. Often if a homeowner is reworking a loan or negotiating with the bank for a DIL, they will not list it (because they have not interest in selling it). During this time, the bank will often file the NOD as they process whatever sort of change in contract.
I would venture to say that about half of the NODs in, say, 92103 will never get to NOT or REO stage.
The owners want to stay there and the bank wants to continue to collect payment (even at a reduced rate) from them. Such contract modifications are often in the best interest (except, perhaps, bargain hunters and realtors).
Participant[quote=jpinpb]Okay. I just went through my weekly NOD and foreclosure search. I have noticed that a lot of properties that in January had NODs but were not listed (and still not) are scheduled for foreclosure. This surprised me. But it’s in line w/3 months. So maybe – just maybe, the banks will actually foreclose and we will see them listed soon thereafter.
If this is going to be true, then look out for the February and March NODs. It may be one heck of a summer. [/quote]
I think, considering how averse the banks are to actually repo’ing the properties, it might be a better metric to examine the NOTs rather than the NODs and evaluate the percentage of NOTs to listed REOs.
Its not that the NODs are wrong, just that more than half the NODs I see get filed these days never turn into NOTs or only turn into them after 12-18 months. Often if a homeowner is reworking a loan or negotiating with the bank for a DIL, they will not list it (because they have not interest in selling it). During this time, the bank will often file the NOD as they process whatever sort of change in contract.
I would venture to say that about half of the NODs in, say, 92103 will never get to NOT or REO stage.
The owners want to stay there and the bank wants to continue to collect payment (even at a reduced rate) from them. Such contract modifications are often in the best interest (except, perhaps, bargain hunters and realtors).
Participant[quote=jpinpb]Okay. I just went through my weekly NOD and foreclosure search. I have noticed that a lot of properties that in January had NODs but were not listed (and still not) are scheduled for foreclosure. This surprised me. But it’s in line w/3 months. So maybe – just maybe, the banks will actually foreclose and we will see them listed soon thereafter.
If this is going to be true, then look out for the February and March NODs. It may be one heck of a summer. [/quote]
I think, considering how averse the banks are to actually repo’ing the properties, it might be a better metric to examine the NOTs rather than the NODs and evaluate the percentage of NOTs to listed REOs.
Its not that the NODs are wrong, just that more than half the NODs I see get filed these days never turn into NOTs or only turn into them after 12-18 months. Often if a homeowner is reworking a loan or negotiating with the bank for a DIL, they will not list it (because they have not interest in selling it). During this time, the bank will often file the NOD as they process whatever sort of change in contract.
I would venture to say that about half of the NODs in, say, 92103 will never get to NOT or REO stage.
The owners want to stay there and the bank wants to continue to collect payment (even at a reduced rate) from them. Such contract modifications are often in the best interest (except, perhaps, bargain hunters and realtors).
Participant[quote=jpinpb]Okay. I just went through my weekly NOD and foreclosure search. I have noticed that a lot of properties that in January had NODs but were not listed (and still not) are scheduled for foreclosure. This surprised me. But it’s in line w/3 months. So maybe – just maybe, the banks will actually foreclose and we will see them listed soon thereafter.
If this is going to be true, then look out for the February and March NODs. It may be one heck of a summer. [/quote]
I think, considering how averse the banks are to actually repo’ing the properties, it might be a better metric to examine the NOTs rather than the NODs and evaluate the percentage of NOTs to listed REOs.
Its not that the NODs are wrong, just that more than half the NODs I see get filed these days never turn into NOTs or only turn into them after 12-18 months. Often if a homeowner is reworking a loan or negotiating with the bank for a DIL, they will not list it (because they have not interest in selling it). During this time, the bank will often file the NOD as they process whatever sort of change in contract.
I would venture to say that about half of the NODs in, say, 92103 will never get to NOT or REO stage.
The owners want to stay there and the bank wants to continue to collect payment (even at a reduced rate) from them. Such contract modifications are often in the best interest (except, perhaps, bargain hunters and realtors).
ParticipantYeah the agent was the one who purchased it at the trustee sale.
I wonder if the subsequent buyer was able to secure title insurance.
I know some govt liens have a 4 month right to assign to the property after the close.
ParticipantYeah the agent was the one who purchased it at the trustee sale.
I wonder if the subsequent buyer was able to secure title insurance.
I know some govt liens have a 4 month right to assign to the property after the close.
ParticipantYeah the agent was the one who purchased it at the trustee sale.
I wonder if the subsequent buyer was able to secure title insurance.
I know some govt liens have a 4 month right to assign to the property after the close.
ParticipantYeah the agent was the one who purchased it at the trustee sale.
I wonder if the subsequent buyer was able to secure title insurance.
I know some govt liens have a 4 month right to assign to the property after the close.
ParticipantYeah the agent was the one who purchased it at the trustee sale.
I wonder if the subsequent buyer was able to secure title insurance.
I know some govt liens have a 4 month right to assign to the property after the close.
Participant[quote=Russell]No hatred at all. ” “Primus sucks” means primus doesn’t suck. Claypool had a habit of theatrically making the pronouncement “Primus Sucks”. With this, the fans would go crazy with excitement,yelling “Primus sucks”, because they knew Primus did not suck and was about to prove it.
[/quote]
Shows how much I know.
When I was a kid, they used to play for 3 bucks a show (in Petaluma) and everyone my age who owned an airbrush would make and sell t-shirts at the show. This was like 1988.Participant[quote=Russell]No hatred at all. ” “Primus sucks” means primus doesn’t suck. Claypool had a habit of theatrically making the pronouncement “Primus Sucks”. With this, the fans would go crazy with excitement,yelling “Primus sucks”, because they knew Primus did not suck and was about to prove it.
[/quote]
Shows how much I know.
When I was a kid, they used to play for 3 bucks a show (in Petaluma) and everyone my age who owned an airbrush would make and sell t-shirts at the show. This was like 1988.Participant[quote=Russell]No hatred at all. ” “Primus sucks” means primus doesn’t suck. Claypool had a habit of theatrically making the pronouncement “Primus Sucks”. With this, the fans would go crazy with excitement,yelling “Primus sucks”, because they knew Primus did not suck and was about to prove it.
[/quote]
Shows how much I know.
When I was a kid, they used to play for 3 bucks a show (in Petaluma) and everyone my age who owned an airbrush would make and sell t-shirts at the show. This was like 1988. -
AuthorPosts
