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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (7961)	1/7/2003 1:57:29 PM
From: MSI	Respond to of 306849

I expect there's all kinds of deals being made in the banks' loan servicing depts, while people draw down remaining assets. Banks know this, and it's getting tougher to qualify in the last few months, after being ridiculously easy.

To: Lizzie Tudor who wrote (7961)	1/7/2003 2:24:38 PM
From: tony	Respond to of 306849

It is adjustable rate & renting rooms that will not start foreclosure process. Once adjustable move up which I doubt for couple of years then it will start this process. Hearing that houses are not moving even in sub 500K in silli valley. It is a long winding road to misery. I wish and I want my views to be 100% wrong.

To: Lizzie Tudor who wrote (7961)	1/7/2003 4:40:40 PM
From: JBTFD	Read Replies (1) \| Respond to of 306849

I think the banks are slow to send out the forclosure notice (which in my state sets the date of the sale) They dont want to become the owner of the house, especially if it has a high loan to value. I think they are sending out the default notices and then hoping and praying.