Comments on: Fannie, Freddie Quietly Lift Moratorium on Foreclosures

By: webtasarimi

webtasarimi — Mon, 23 Nov 2009 09:14:25 +0000

Are you really complaining that the victims of rent skimming landlords need to have 24 hr notice before you bring random people through the house that they are living in and invade their privacy?

By: markmincey

markmincey — Thu, 22 Oct 2009 08:34:35 +0000

I don't understand. It seems in tis mess we are in that everyone wants to help out the home owner. What about the renters. We have no help and no one offering any. Why is there not a bail out or a program to help the renters stay in their homes?

By: Addie

Addie — Fri, 11 Sep 2009 12:03:17 +0000

Here's a Northern CA situation: What about people like myself. Hardworking, never late once, usually paid EARLY in fact. The CA governor, in his great wisdom, took my income down nearly 15% (I am in civil service in Northern CA, providing staff support services for a chemistry group in environmental laboratory accreditation) – within 6 months I could not pay my credit balances, so tried minimum payments but soon learned the banks are cruel and lowered my lines but upped my percentages! Soon I could not afford my HOA payments, and the rest, as they say, is now history. I sit in my new tiny apt, pretty much shell shocked and afraid to spend one penny. In my case, home ownership afforded me such great pride and contentment that I was taking care of my rapidly approaching retirement future. To my dismay, I found it it probably better now for me, as I approach sixty, to adopt the attitude of – rent and don't think about tomorrow anymore, complain about every little detail on the rental to get money off. Get what you can get. Get all you can in repairs no matter how. Get all you can and then move on. To me, this is childish and wrong but it seems to be all I can afford now with my newly demolished credit score – down 200 points. My lovely upgrades (all paid for and done with licensed workers) sit unnoticed as the huge glut of similar condos sit unsold – Meanwhile buyers “cherry pick” the upgraded units and then “low ball offer” the hapless (I can relate) sellers. I tried to list my place but five agents looked at it and said “It would sell for so little now that it's not worth the time we would take to list and show it”. What great service there! It makes me just sick. I feel like it is wrong to just walk away but I definitely will very soon.

By: bestcbstore

bestcbstore — Fri, 11 Sep 2009 06:23:05 +0000

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By: Twitter Trackbacks for Fannie, Freddie Quietly Lift Moratorium on Foreclosures | The Washington Independent [washingtonindependent.com] on Topsy.com

Sat, 29 Aug 2009 16:55:16 +0000

[...] Fannie, Freddie Quietly Lift Moratorium on Foreclosures | The Washington Independent washingtonindependent.com/37160/fannie-freddie-quietly-lift-moratorium-on-foreclosures – view page – cached Mortgage giants made no public effort to inform housing attorneys of changes to anti-foreclosure and eviction program. — From the page [...]

By: ronsullivan

ronsullivan — Tue, 28 Jul 2009 19:56:45 +0000

As an REO agent in Bakersfield California and doing BPO's each week I can say that most local agents in my shoes are not low balling home values to move them or lower value for personal gain. We are governed by a code of ethic that would not allow us to distort value. I see problems when I see an out of town company being used for BPO's and as listing agents by an asset management company or banks as a medium to move their REO's. How can someone sitting in San Diego California in possible give an honest Broker Price Opinion to an asset in Bakersfield California having never set foot here? My operating range for BPOs is a radius of 65 miles. Part of the reason we are where we are was extorted values by out of town appraisers in the past 7 years. Banks make loans on an opinion of value not BPO values. Let’s keep the valuation process at home and we may see a better BPO product

By: US housing optimists: watch the foreclosures resume | Import Blog

US housing optimists: watch the foreclosures resume | Import Blog — Sun, 05 Jul 2009 15:24:24 +0000

[...] of inventory: Fannie and Freddie, and a few other lenders, ended a moratorium on foreclosures in March that had been in place since last [...]

By: There Is A Window Of Opportunity Open In Today’s Real Estate Market

There Is A Window Of Opportunity Open In Today’s Real Estate Market — Fri, 03 Jul 2009 15:07:34 +0000

[...] home supply, at least for the present, should continue. The Obama Administration has allowed the Freddie Mac/Fannie Mae moratorium on foreclosures to expire on March 1st of this year. This should allow more foreclosed [...]

By: The Washington Independent Â» Fannie, Freddie Quietly Lift Moratorium on Foreclosures « Scottfriedson’s Blog

Sat, 13 Jun 2009 02:04:31 +0000

[...] June 13, 2009 · No Comments The Washington Independent Â» Fannie, Freddie Quietly Lift Moratorium on Foreclosures [...]

By: Renee Burrows

Renee Burrows — Sun, 03 May 2009 11:08:17 +0000

Bruce you are the only one I have heard say something like this but myself. Where is the money (on all of these repeated refinances) on these homes that were foreclosed on.

I am a Realtor here in Las Vegas, we have the same conditions and we are in dire need of inventory. I am at a loss on what to tell the ready, willing and able buyers what to do and how to act.