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urbanrealtor
ParticipantYes sdnativeson,
You actually have a good point here (though you really take yourself far too seriously; don’t worry, we’ll fix that for you).
As someone who grew up in the SF area, I have found the most irksome hypocrisy to be that which is tinged with self-righteousness. Writ large (and yes this is a broad generalization) the feeling among many in the left is that we are enlightened. This is amplified in places (geographic or otherwise) where there are more of us. Unfortunately, that often blinds us to our own stupidity. Ignorance of one’s own faults often opens the door to all manner of dumb extremism (sort of the left version of the stupidity after 9/11) For example, there is nothing funnier than someone who owns a Lexus describing the need to move to a barter economy and complaining how conservative southerners are ignorant. Its like a study in situational irony. This actually is a description of a conversation I had a couple years ago with a relative. Steinbeck could not have written it better.ParticipantDon’t say this often but ditto.
The other option is to get the deposit back now and explain you will pay rent to him on a weekly basis.
Remind him of how hard it will be to evict when he is not the owner. You really have nothing to fear here. Just need to work out the deposit with this dude. Honestly, if you can get the deposit back it is to your benefit to stay. The bank will offer you cash to move once they own the place again.
ParticipantDon’t say this often but ditto.
The other option is to get the deposit back now and explain you will pay rent to him on a weekly basis.
Remind him of how hard it will be to evict when he is not the owner. You really have nothing to fear here. Just need to work out the deposit with this dude. Honestly, if you can get the deposit back it is to your benefit to stay. The bank will offer you cash to move once they own the place again.
ParticipantDon’t say this often but ditto.
The other option is to get the deposit back now and explain you will pay rent to him on a weekly basis.
Remind him of how hard it will be to evict when he is not the owner. You really have nothing to fear here. Just need to work out the deposit with this dude. Honestly, if you can get the deposit back it is to your benefit to stay. The bank will offer you cash to move once they own the place again.
ParticipantDon’t say this often but ditto.
The other option is to get the deposit back now and explain you will pay rent to him on a weekly basis.
Remind him of how hard it will be to evict when he is not the owner. You really have nothing to fear here. Just need to work out the deposit with this dude. Honestly, if you can get the deposit back it is to your benefit to stay. The bank will offer you cash to move once they own the place again.
ParticipantDon’t say this often but ditto.
The other option is to get the deposit back now and explain you will pay rent to him on a weekly basis.
Remind him of how hard it will be to evict when he is not the owner. You really have nothing to fear here. Just need to work out the deposit with this dude. Honestly, if you can get the deposit back it is to your benefit to stay. The bank will offer you cash to move once they own the place again.
ParticipantI would disagree with the assertion that only a small minority of defaults go on schedule. I don’t have actual numbers for this but I have a lot of anecdotal experience combing default records. Prepping a foreclosure tour (yes that’s me with the bus) is more work than it looks like.
That aside, I do think it worth mentioning that I am seeing more and more events in the foreclosure process get delayed. Sometimes they are delayed by years.
I do not know to what extent this is due to just the overwhelmingly huge number of defaults or as part of some attempt to mitigate the growing inventory.
On the topic of inventory, I had an interesting conversation with an agent I am acquainted with today. His firm handles scads of property management. He said that they are in discussions with major banks to put large portions of their repo portfolio into the rental pool.
If this is true, this means that we may see the overall inventory fall relative to the total repo inventory. In terms of sheer numbers it may continue to rise but the relationship of repo to listings may drop.
ParticipantI would disagree with the assertion that only a small minority of defaults go on schedule. I don’t have actual numbers for this but I have a lot of anecdotal experience combing default records. Prepping a foreclosure tour (yes that’s me with the bus) is more work than it looks like.
That aside, I do think it worth mentioning that I am seeing more and more events in the foreclosure process get delayed. Sometimes they are delayed by years.
I do not know to what extent this is due to just the overwhelmingly huge number of defaults or as part of some attempt to mitigate the growing inventory.
On the topic of inventory, I had an interesting conversation with an agent I am acquainted with today. His firm handles scads of property management. He said that they are in discussions with major banks to put large portions of their repo portfolio into the rental pool.
If this is true, this means that we may see the overall inventory fall relative to the total repo inventory. In terms of sheer numbers it may continue to rise but the relationship of repo to listings may drop.
ParticipantI would disagree with the assertion that only a small minority of defaults go on schedule. I don’t have actual numbers for this but I have a lot of anecdotal experience combing default records. Prepping a foreclosure tour (yes that’s me with the bus) is more work than it looks like.
That aside, I do think it worth mentioning that I am seeing more and more events in the foreclosure process get delayed. Sometimes they are delayed by years.
I do not know to what extent this is due to just the overwhelmingly huge number of defaults or as part of some attempt to mitigate the growing inventory.
On the topic of inventory, I had an interesting conversation with an agent I am acquainted with today. His firm handles scads of property management. He said that they are in discussions with major banks to put large portions of their repo portfolio into the rental pool.
If this is true, this means that we may see the overall inventory fall relative to the total repo inventory. In terms of sheer numbers it may continue to rise but the relationship of repo to listings may drop.
ParticipantI would disagree with the assertion that only a small minority of defaults go on schedule. I don’t have actual numbers for this but I have a lot of anecdotal experience combing default records. Prepping a foreclosure tour (yes that’s me with the bus) is more work than it looks like.
That aside, I do think it worth mentioning that I am seeing more and more events in the foreclosure process get delayed. Sometimes they are delayed by years.
I do not know to what extent this is due to just the overwhelmingly huge number of defaults or as part of some attempt to mitigate the growing inventory.
On the topic of inventory, I had an interesting conversation with an agent I am acquainted with today. His firm handles scads of property management. He said that they are in discussions with major banks to put large portions of their repo portfolio into the rental pool.
If this is true, this means that we may see the overall inventory fall relative to the total repo inventory. In terms of sheer numbers it may continue to rise but the relationship of repo to listings may drop.
ParticipantI would disagree with the assertion that only a small minority of defaults go on schedule. I don’t have actual numbers for this but I have a lot of anecdotal experience combing default records. Prepping a foreclosure tour (yes that’s me with the bus) is more work than it looks like.
That aside, I do think it worth mentioning that I am seeing more and more events in the foreclosure process get delayed. Sometimes they are delayed by years.
I do not know to what extent this is due to just the overwhelmingly huge number of defaults or as part of some attempt to mitigate the growing inventory.
On the topic of inventory, I had an interesting conversation with an agent I am acquainted with today. His firm handles scads of property management. He said that they are in discussions with major banks to put large portions of their repo portfolio into the rental pool.
If this is true, this means that we may see the overall inventory fall relative to the total repo inventory. In terms of sheer numbers it may continue to rise but the relationship of repo to listings may drop.
Participant[quote=Raybyrnes]Most of these companies are dependent on Federal student loans. Student loan companies are dependent on Auctions to have any value to the loans. My expectation is that it is game over for these companies. Corinthian, National University Apollo. They will prolong the agony by first electing to take on the debt themselves to continue to show investor cash flow but as these loansn defautl they will go under. JMTC
Ray
[/quote]
Actually in most of the retail education classes I had, there were few or none of students who were financing their education.Where were you seeing this, Ray?
Participant[quote=Raybyrnes]Most of these companies are dependent on Federal student loans. Student loan companies are dependent on Auctions to have any value to the loans. My expectation is that it is game over for these companies. Corinthian, National University Apollo. They will prolong the agony by first electing to take on the debt themselves to continue to show investor cash flow but as these loansn defautl they will go under. JMTC
Ray
[/quote]
Actually in most of the retail education classes I had, there were few or none of students who were financing their education.Where were you seeing this, Ray?
Participant[quote=Raybyrnes]Most of these companies are dependent on Federal student loans. Student loan companies are dependent on Auctions to have any value to the loans. My expectation is that it is game over for these companies. Corinthian, National University Apollo. They will prolong the agony by first electing to take on the debt themselves to continue to show investor cash flow but as these loansn defautl they will go under. JMTC
Ray
[/quote]
Actually in most of the retail education classes I had, there were few or none of students who were financing their education.Where were you seeing this, Ray?
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