[urbanrealtor]

I disagree with you on 2 of your points.

1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.

2:
I think that the nature of this crisis is more akin to a nuclear attack than a Tsunami. We can’t avoid the pain by moving money to other vehicles (though there is some ability to minimize it). This is a global crisis and I really can’t think of an unaffected investment. Again, some may feel a touch less. It won’t wipe us out but it will change our lives.

[urbanrealtor]

I disagree with you on 2 of your points.

1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.

2:
I think that the nature of this crisis is more akin to a nuclear attack than a Tsunami. We can’t avoid the pain by moving money to other vehicles (though there is some ability to minimize it). This is a global crisis and I really can’t think of an unaffected investment. Again, some may feel a touch less. It won’t wipe us out but it will change our lives.

[urbanrealtor]

[quote=mike92104]I blame the american people who sit by and allow corporations to buy our government. We are the only ones with the power to change the system, but we are too busy washing our gas guzzling SUV’s and watching football.[/quote]
As a resident of your neighborhood, I have to say that if you are driving a Sport Ut in 92104, you are probably carrying a vespa or selling drugs. Oh wait, thats me…

[urbanrealtor]

[quote=mike92104]I blame the american people who sit by and allow corporations to buy our government. We are the only ones with the power to change the system, but we are too busy washing our gas guzzling SUV’s and watching football.[/quote]
As a resident of your neighborhood, I have to say that if you are driving a Sport Ut in 92104, you are probably carrying a vespa or selling drugs. Oh wait, thats me…

[urbanrealtor]

[quote=mike92104]I blame the american people who sit by and allow corporations to buy our government. We are the only ones with the power to change the system, but we are too busy washing our gas guzzling SUV’s and watching football.[/quote]
As a resident of your neighborhood, I have to say that if you are driving a Sport Ut in 92104, you are probably carrying a vespa or selling drugs. Oh wait, thats me…

[urbanrealtor]

[quote=mike92104]I blame the american people who sit by and allow corporations to buy our government. We are the only ones with the power to change the system, but we are too busy washing our gas guzzling SUV’s and watching football.[/quote]
As a resident of your neighborhood, I have to say that if you are driving a Sport Ut in 92104, you are probably carrying a vespa or selling drugs. Oh wait, thats me…

[urbanrealtor]

[quote=mike92104]I blame the american people who sit by and allow corporations to buy our government. We are the only ones with the power to change the system, but we are too busy washing our gas guzzling SUV’s and watching football.[/quote]
As a resident of your neighborhood, I have to say that if you are driving a Sport Ut in 92104, you are probably carrying a vespa or selling drugs. Oh wait, thats me…

[urbanrealtor]

[quote=b]I intend to rent a 1br condo very soon in the Sabre Springs area, as there are a few decent deals out there.

However, I want to make sure that I rent from an owner who is not (and will not) foreclose on the property when I am there (I believe this is called “rent skimming”).

[/quote]
Getting a place that is not bank-owned or mid default is a good idea. However, your logic fails on the “will not” part. A remarkable amount of people who are gainfully employed and of good means are foreclosing in ways that nobody (not even Rich) would have predicted. That may change but anybody is a potential defaulter at present (even people who can totally afford their payments).

Rent skimming either involves A:buying a place (usually at 100% financed) and renting it out immediately and not making payments or B:pretending to be the owner or manager and collecting rent on behalf of an unsuspecting owner from an unsuspecting tenant. I may be wrong but I think its like civil code 890 or 891 or something.
The
[quote=b]

The only actions that I can come up with, are:
1. Check sdlookup.com to see if the condo is listed as foreclosing.
[/quote]
Don’t trust this. SDlookup has the most sketchy public records engine of the free sites. This is unfortunate because their regular search tools and database are better than sandicor. Instead either use the assessor office (1600? Pacific Hwy) or even easier, ask a friend who is an agent. The database we subscribe to for records is really pretty good. Heck ask me. It takes me all of 30 seconds.
[quote=b]
2. Make it clear to the owner that I will pursue legal action if they ever decided to foreclose. (Although, I don’t know if I could legally do anything… ?)

[/quote]
Uhhh…..no.
You don’t get a say in your landlord’s personal finances. You only get a say in your residence rental. If he falls down on his end of the bargain, then you can do something. Starting the conversation with the above line would remove you from most landlord’s list of candidates.
[quote=b]
What are your solutions?[/quote]

Honestly, its sad to say it but the law has made most of the solutions easy. If a Notice of Default appears on your door, stop paying rent until the landlord clarifies what is happening with the deposit. Getting it in writing does not suffice. Only possession of the money is sufficient. If the repo is for sure (eg: the notice of trustee sale has been posted on your door) stop paying rent immediately. While it is technically possible to get evicted during the foreclosure, no landlord who cant pay mortgage wants to hire an attorney to evict you. Also, the eviction would only be half over by the time he lost the place. Once the foreclosure has completed, the new landlord has to give you 60 days to vacate from when they get the place. During that time you pay no rent. If the new listing agent for the property (hired by the bank), wants to offer cash for keys (where they pay you to move out early) decide if it is worth forgoing 2 months free rent.

Sorry to be cynical but I have seen a lot of friends and strangers get really screwed. The best way to stay informed is to ask a friend to look up the property every 2 months or so.

[urbanrealtor]

[quote=b]I intend to rent a 1br condo very soon in the Sabre Springs area, as there are a few decent deals out there.

However, I want to make sure that I rent from an owner who is not (and will not) foreclose on the property when I am there (I believe this is called “rent skimming”).

[/quote]
Getting a place that is not bank-owned or mid default is a good idea. However, your logic fails on the “will not” part. A remarkable amount of people who are gainfully employed and of good means are foreclosing in ways that nobody (not even Rich) would have predicted. That may change but anybody is a potential defaulter at present (even people who can totally afford their payments).

Rent skimming either involves A:buying a place (usually at 100% financed) and renting it out immediately and not making payments or B:pretending to be the owner or manager and collecting rent on behalf of an unsuspecting owner from an unsuspecting tenant. I may be wrong but I think its like civil code 890 or 891 or something.
The
[quote=b]

The only actions that I can come up with, are:
1. Check sdlookup.com to see if the condo is listed as foreclosing.
[/quote]
Don’t trust this. SDlookup has the most sketchy public records engine of the free sites. This is unfortunate because their regular search tools and database are better than sandicor. Instead either use the assessor office (1600? Pacific Hwy) or even easier, ask a friend who is an agent. The database we subscribe to for records is really pretty good. Heck ask me. It takes me all of 30 seconds.
[quote=b]
2. Make it clear to the owner that I will pursue legal action if they ever decided to foreclose. (Although, I don’t know if I could legally do anything… ?)

[/quote]
Uhhh…..no.
You don’t get a say in your landlord’s personal finances. You only get a say in your residence rental. If he falls down on his end of the bargain, then you can do something. Starting the conversation with the above line would remove you from most landlord’s list of candidates.
[quote=b]
What are your solutions?[/quote]

Honestly, its sad to say it but the law has made most of the solutions easy. If a Notice of Default appears on your door, stop paying rent until the landlord clarifies what is happening with the deposit. Getting it in writing does not suffice. Only possession of the money is sufficient. If the repo is for sure (eg: the notice of trustee sale has been posted on your door) stop paying rent immediately. While it is technically possible to get evicted during the foreclosure, no landlord who cant pay mortgage wants to hire an attorney to evict you. Also, the eviction would only be half over by the time he lost the place. Once the foreclosure has completed, the new landlord has to give you 60 days to vacate from when they get the place. During that time you pay no rent. If the new listing agent for the property (hired by the bank), wants to offer cash for keys (where they pay you to move out early) decide if it is worth forgoing 2 months free rent.

Sorry to be cynical but I have seen a lot of friends and strangers get really screwed. The best way to stay informed is to ask a friend to look up the property every 2 months or so.

[urbanrealtor]

[quote=b]I intend to rent a 1br condo very soon in the Sabre Springs area, as there are a few decent deals out there.

However, I want to make sure that I rent from an owner who is not (and will not) foreclose on the property when I am there (I believe this is called “rent skimming”).

[/quote]
Getting a place that is not bank-owned or mid default is a good idea. However, your logic fails on the “will not” part. A remarkable amount of people who are gainfully employed and of good means are foreclosing in ways that nobody (not even Rich) would have predicted. That may change but anybody is a potential defaulter at present (even people who can totally afford their payments).

Rent skimming either involves A:buying a place (usually at 100% financed) and renting it out immediately and not making payments or B:pretending to be the owner or manager and collecting rent on behalf of an unsuspecting owner from an unsuspecting tenant. I may be wrong but I think its like civil code 890 or 891 or something.
The
[quote=b]

The only actions that I can come up with, are:
1. Check sdlookup.com to see if the condo is listed as foreclosing.
[/quote]
Don’t trust this. SDlookup has the most sketchy public records engine of the free sites. This is unfortunate because their regular search tools and database are better than sandicor. Instead either use the assessor office (1600? Pacific Hwy) or even easier, ask a friend who is an agent. The database we subscribe to for records is really pretty good. Heck ask me. It takes me all of 30 seconds.
[quote=b]
2. Make it clear to the owner that I will pursue legal action if they ever decided to foreclose. (Although, I don’t know if I could legally do anything… ?)

[/quote]
Uhhh…..no.
You don’t get a say in your landlord’s personal finances. You only get a say in your residence rental. If he falls down on his end of the bargain, then you can do something. Starting the conversation with the above line would remove you from most landlord’s list of candidates.
[quote=b]
What are your solutions?[/quote]

Honestly, its sad to say it but the law has made most of the solutions easy. If a Notice of Default appears on your door, stop paying rent until the landlord clarifies what is happening with the deposit. Getting it in writing does not suffice. Only possession of the money is sufficient. If the repo is for sure (eg: the notice of trustee sale has been posted on your door) stop paying rent immediately. While it is technically possible to get evicted during the foreclosure, no landlord who cant pay mortgage wants to hire an attorney to evict you. Also, the eviction would only be half over by the time he lost the place. Once the foreclosure has completed, the new landlord has to give you 60 days to vacate from when they get the place. During that time you pay no rent. If the new listing agent for the property (hired by the bank), wants to offer cash for keys (where they pay you to move out early) decide if it is worth forgoing 2 months free rent.

Sorry to be cynical but I have seen a lot of friends and strangers get really screwed. The best way to stay informed is to ask a friend to look up the property every 2 months or so.

[urbanrealtor]

[quote=b]I intend to rent a 1br condo very soon in the Sabre Springs area, as there are a few decent deals out there.

However, I want to make sure that I rent from an owner who is not (and will not) foreclose on the property when I am there (I believe this is called “rent skimming”).

[/quote]
Getting a place that is not bank-owned or mid default is a good idea. However, your logic fails on the “will not” part. A remarkable amount of people who are gainfully employed and of good means are foreclosing in ways that nobody (not even Rich) would have predicted. That may change but anybody is a potential defaulter at present (even people who can totally afford their payments).

Rent skimming either involves A:buying a place (usually at 100% financed) and renting it out immediately and not making payments or B:pretending to be the owner or manager and collecting rent on behalf of an unsuspecting owner from an unsuspecting tenant. I may be wrong but I think its like civil code 890 or 891 or something.
The
[quote=b]

The only actions that I can come up with, are:
1. Check sdlookup.com to see if the condo is listed as foreclosing.
[/quote]
Don’t trust this. SDlookup has the most sketchy public records engine of the free sites. This is unfortunate because their regular search tools and database are better than sandicor. Instead either use the assessor office (1600? Pacific Hwy) or even easier, ask a friend who is an agent. The database we subscribe to for records is really pretty good. Heck ask me. It takes me all of 30 seconds.
[quote=b]
2. Make it clear to the owner that I will pursue legal action if they ever decided to foreclose. (Although, I don’t know if I could legally do anything… ?)

[/quote]
Uhhh…..no.
You don’t get a say in your landlord’s personal finances. You only get a say in your residence rental. If he falls down on his end of the bargain, then you can do something. Starting the conversation with the above line would remove you from most landlord’s list of candidates.
[quote=b]
What are your solutions?[/quote]

Honestly, its sad to say it but the law has made most of the solutions easy. If a Notice of Default appears on your door, stop paying rent until the landlord clarifies what is happening with the deposit. Getting it in writing does not suffice. Only possession of the money is sufficient. If the repo is for sure (eg: the notice of trustee sale has been posted on your door) stop paying rent immediately. While it is technically possible to get evicted during the foreclosure, no landlord who cant pay mortgage wants to hire an attorney to evict you. Also, the eviction would only be half over by the time he lost the place. Once the foreclosure has completed, the new landlord has to give you 60 days to vacate from when they get the place. During that time you pay no rent. If the new listing agent for the property (hired by the bank), wants to offer cash for keys (where they pay you to move out early) decide if it is worth forgoing 2 months free rent.

Sorry to be cynical but I have seen a lot of friends and strangers get really screwed. The best way to stay informed is to ask a friend to look up the property every 2 months or so.

[urbanrealtor]

[quote=b]I intend to rent a 1br condo very soon in the Sabre Springs area, as there are a few decent deals out there.

However, I want to make sure that I rent from an owner who is not (and will not) foreclose on the property when I am there (I believe this is called “rent skimming”).

[/quote]
Getting a place that is not bank-owned or mid default is a good idea. However, your logic fails on the “will not” part. A remarkable amount of people who are gainfully employed and of good means are foreclosing in ways that nobody (not even Rich) would have predicted. That may change but anybody is a potential defaulter at present (even people who can totally afford their payments).

Rent skimming either involves A:buying a place (usually at 100% financed) and renting it out immediately and not making payments or B:pretending to be the owner or manager and collecting rent on behalf of an unsuspecting owner from an unsuspecting tenant. I may be wrong but I think its like civil code 890 or 891 or something.
The
[quote=b]

The only actions that I can come up with, are:
1. Check sdlookup.com to see if the condo is listed as foreclosing.
[/quote]
Don’t trust this. SDlookup has the most sketchy public records engine of the free sites. This is unfortunate because their regular search tools and database are better than sandicor. Instead either use the assessor office (1600? Pacific Hwy) or even easier, ask a friend who is an agent. The database we subscribe to for records is really pretty good. Heck ask me. It takes me all of 30 seconds.
[quote=b]
2. Make it clear to the owner that I will pursue legal action if they ever decided to foreclose. (Although, I don’t know if I could legally do anything… ?)

[/quote]
Uhhh…..no.
You don’t get a say in your landlord’s personal finances. You only get a say in your residence rental. If he falls down on his end of the bargain, then you can do something. Starting the conversation with the above line would remove you from most landlord’s list of candidates.
[quote=b]
What are your solutions?[/quote]

Honestly, its sad to say it but the law has made most of the solutions easy. If a Notice of Default appears on your door, stop paying rent until the landlord clarifies what is happening with the deposit. Getting it in writing does not suffice. Only possession of the money is sufficient. If the repo is for sure (eg: the notice of trustee sale has been posted on your door) stop paying rent immediately. While it is technically possible to get evicted during the foreclosure, no landlord who cant pay mortgage wants to hire an attorney to evict you. Also, the eviction would only be half over by the time he lost the place. Once the foreclosure has completed, the new landlord has to give you 60 days to vacate from when they get the place. During that time you pay no rent. If the new listing agent for the property (hired by the bank), wants to offer cash for keys (where they pay you to move out early) decide if it is worth forgoing 2 months free rent.

Sorry to be cynical but I have seen a lot of friends and strangers get really screwed. The best way to stay informed is to ask a friend to look up the property every 2 months or so.

[urbanrealtor]

I found it (the thread that got her banned).

I really have to think about that.

The whole concept of unstated rules kind of bothers me. Then I am newer to the blogging thing and so maybe I need to learn more.

Still, it seems considering how much argument is tolerated and considered acceptable in these forums, there should be a published policy to define the line that is not to be crossed. If there is one, I have missed it. I looked only in TOU and FAQ.

That is my 2 bits.
Anyone else’s thoughts?

[urbanrealtor]

I found it (the thread that got her banned).

I really have to think about that.

The whole concept of unstated rules kind of bothers me. Then I am newer to the blogging thing and so maybe I need to learn more.

Still, it seems considering how much argument is tolerated and considered acceptable in these forums, there should be a published policy to define the line that is not to be crossed. If there is one, I have missed it. I looked only in TOU and FAQ.

That is my 2 bits.
Anyone else’s thoughts?

[urbanrealtor]

I found it (the thread that got her banned).

I really have to think about that.

The whole concept of unstated rules kind of bothers me. Then I am newer to the blogging thing and so maybe I need to learn more.

Still, it seems considering how much argument is tolerated and considered acceptable in these forums, there should be a published policy to define the line that is not to be crossed. If there is one, I have missed it. I looked only in TOU and FAQ.

That is my 2 bits.
Anyone else’s thoughts?

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