Home•Fairfax General Forum•Arrest/Ticket Search•Wiki new•Pictures/Videos•Chat•Articles•Links•About
Off-Topic :  Fairfax Underground fairfax underground logo
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Goto Topic: Previous•Next
Go to: Forum List•Back to Forum•Post New Topic•Search•Log In•Print View
Foreclosures RISE 9%
Posted by: WingNut ()
Date: June 14, 2012 10:00AM

http://money.cnn.com/2012/06/14/real_estate/foreclosures/index.htm?source=yahoo_hosted


Remember students- nothing was fixed. They slowed down because of the bogus robo-signing.

The ARM resets are NOT all gone.

Deals still very available.


idontlikebeingrightaboutshitlikethisbutiam



Edited 21 time(s). Last edit at 5/31/1967 05:57AM by WingNut.

Last edit at 11/30/2015 01:37PM Last edit at 5/14/2015 03:52PM Last edit at 1/28/2014 05:57AM Last edit at 11/29/2015 01:10PM Last edit at 3/14/2011 11:52PM Last edit at 7/20/2012 04:07AM
Last edit at 6/29/2013 11:18PM Last edit at 3/19/2011 01:02PM Last edit at 3/26/2012 09:07PM


Options: Reply•Quote
Re: Foreclosures RISE 9%
Posted by: Lester ()
Date: June 14, 2012 11:39AM

there's an observed wave of foreclosure filings that comes and goes over the last two years. banks are holding back foreclosures in hopes of getting them sold at the best price.

Options: Reply•Quote
Re: Foreclosures RISE 9%
Posted by: resetsaregood ()
Date: June 14, 2012 02:00PM

WingNut Wrote:
-------------------------------------------------------
> http://money.cnn.com/2012/06/14/real_estate/forecl
> osures/index.htm?source=yahoo_hosted
>
>
> Remember students- nothing was fixed. They slowed
> down because of the bogus robo-signing.
>
> The ARM resets are NOT all gone.
>
> Deals still very available.

You should be so lucky for a ARM reset. Interests rates are going to be lower that when you got them 5-7 years ago.

Options: Reply•Quote
Re: Foreclosures RISE 9%
Posted by: Lester ()
Date: June 14, 2012 02:27PM

NOD backlog, not mortgage recast. up to 2 yrs to evict in some states.

Options: Reply•Quote
Re: Foreclosures RISE 9%
Posted by: Bill.N. ()
Date: June 14, 2012 02:31PM

WingNut Wrote:
-------------------------------------------------------
> Remember students- nothing was fixed.

That sums it up right there.

Options: Reply•Quote
Re: Foreclosures RISE 9%
Posted by: 0225-176678 ()
Date: June 15, 2012 03:27PM

There are a whole lot of reasons why foreclosures rise and fall. Lester covers some of them. Plus, there are internal financial reasons--the number of non-performing loans affects how much money a bank can lend out on new mortgages, for instance. So you might have 2 identical houses, same neighborhood, and even the same crappy mortgage. But one note is held by Bank A and the other by Bank B. It can make sense for Bank A to foreclose, and for Bank B to wait, and perhaps be more flexible on a short sale.

The entire system remains pretty much a black box. Impossible to tell what's going on, except you can assume that most of it's not good.

Options: Reply•Quote
Re: Foreclosures RISE 9%
Posted by: Barry O ()
Date: June 15, 2012 03:48PM

I blame Bush...........

Options: Reply•Quote


Go to: Forum List•Back to Forum•Search•Log In
Your Name: 
Your Email (Optional): 
Subject: 
Attach a file
  • No file can be larger than 75 MB
  • All files together cannot be larger than 300 MB
  • 30 more file(s) can be attached to this message
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 ********   **     **  **     **  **    **  **    ** 
 **     **  ***   ***  **     **  ***   **  ***   ** 
 **     **  **** ****  **     **  ****  **  ****  ** 
 ********   ** *** **  **     **  ** ** **  ** ** ** 
 **     **  **     **  **     **  **  ****  **  **** 
 **     **  **     **  **     **  **   ***  **   *** 
 ********   **     **   *******   **    **  **    **
This forum powered by Phorum.