Foreclosure and distressed property topics

NEW -> Contingent Buyer Assistance Program
<em>OK guys, when I'm ready to hop the fence, you'll be my first call !





</em>ROFL! Awe... now I am jealous, I thought it was going to be me and Eff.
 
<p>Our favorite Woodbury loser just got their NOD:</p>

<p><img height="270" alt="" width="376" src="http://i-0.rfimg.us/photo/46/bigphoto/898/S506898_2.jpg" /></p>

<p>Ah, 33 Triple Leaf, wonder if it will sell before the bank takes it back?</p>

<p>Their $24K per year prop tax bill makes me want to puke.</p>
 
<p>Of all the houses shown, I like this the best.</p>

<p>In this one, the young atty father died suddenly of a heart attack.</p>

<p>Bad feng s?</p>
 
<p class="MsoNormal">Hey Ipop,</p>

<p class="MsoNormal">I noticed on the NOD list you posted for Woodbury, the amount of $26,716 was listed next to 33 Triple Leaf. Could you comment on what that figure represents? </p>

<p class="MsoNormal">I’m guessing that it’s the amount they owe but not sure. Thanks!</p>

<p class="MsoNormal">Skek, </p>

<p class="MsoNormal">Nice post, that was a very funny clip. Although that dude looks nothing like me. </p>

Way better physique, don’t drive a truck, and look like Freddie Ljungberg.
 
<p class="MsoNormal">Ipop,</p>

<p class="MsoNormal">I thought that as well. However, if you look at the listing above Triple Leaf, 28 Yorktown shows an amount of $204K.</p>

Further down, 20 Bamboo shows a $709K figure. Those numbers seem awful large to be three-month totals. This is new to me, so any help interpreting these numbers would be appreciated.
 
<p>Sometimes the NODs show the entire mortgage amount vs. the the payments in arrears. The $709K is likely to be the amount of a 1st TD. Maybe Graph can explain the different kinds of NODs. I'm not sure why some show certain data while others different amounts... </p>
 
<p class="MsoNormal">Ipop,</p>

<p class="MsoNormal">Appreciate your reply to my question. Yeah, it seems like the numbers are all over the place. Some are relatively small figures, while others are quite large. It's rather diffcult trying to decipher what's what.</p>

<p class="MsoNormal"> </p>
 
<p>Most HOAs will be a lien on the property, so in the case of short sale, the HOA will need to be made whole. With REOs, I imagine they probably have to eat the loss. </p>
 
<p>April 2nd NODs per realtytrac.com. Mostly old or smaller places. Couple of repeat NODs as well. Spanish Lace, which is Stonetree in WB, is the most expensive property on the list I believe with the 2006 purchase price in the $900s.</p>

<p>



<colgroup><col style="WIDTH: 122pt; mso-width-source: userset; mso-width-alt: 5924" width="162"></col></colgroup>





7 Deerwood E





148 Saint James # 56





33 Visalia





3141 Michelson Dr # 309





19 Trapani





120 Spanish Lace





24 Burlingame





27 Lucero E





143 Briarwood





80 Greenfield





10 Woodpine Dr





1154 Scholarship # 172





51 Duet





181 Huntington





236 Lantern Ln







</p>
 
<em><strong>3141 Michelson Dr # 309





</strong></em>And so it begins, and this isn't someone that I know is going to jail either. Like I said, that I know of.
 
Hey graph, whatever happened to 50 Winding Way? Realtytrac still shows "awaiting update". Do you know if it went back to the bank?
 
Went to a foreclosure summary judgment today in Miami-Dade.

I actually had some defenses.



The foreclosing lawfirm did not even show up and didn't have

the courtesy to call and tell me they weren't coming. So I drop

200 miles thru a virtual moonsoon to get here last nite.



But I'm happy because my client has more time to refi, and of

course, so is she.



OT, but my developer buddy who has, to my knowledge, never got

turned down for a loan, just did, after months of ditherings. He

was told, no problem by the branch manager 4 or 5 months ago.

We don't understand why he wasn't told he wouldn't qualify when

he first applied, so his time wasn't wasted.



He is livid.
 
The credit crunch is far worse than most people realize. Lenders are just not lending right now. They are hording capital and bracing for the next round of write downs (and the one after that and the one after that.)
 
[quote author="IrvineRenter" date=1207629948]The credit crunch is far worse than most people realize. Lenders are just not lending right now. They are hording capital and bracing for the next round of write downs (and the one after that and the one after that.)</blockquote>


Fortunately they fought over each other to do my refi... Then again, my LTV is 63% and my DTI on the refi would be around 12%, so its pretty easy to chase that kind of business.
 
[quote author="IrvineRenter" date=1207629948]The credit crunch is far worse than most people realize. Lenders are just not lending right now. They are hording capital and bracing for the next round of write downs (and the one after that and the one after that.)</blockquote>


Correct.



(Wishes I had the 'Thanks' button!)
 
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