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

To: Smiling Bob who wrote (114719)	4/4/2008 9:22:33 AM
From: coug	Respond to of 306849

Sounds like a good idea, the "borrowers" can become "caretakers" and "earn" their right to stay in the home. :) Keep it up and prevent it from being trashed. Keeps the neighborhood from going to hell and further price depreciation.. Great deal for both sides.. :)

To: Smiling Bob who wrote (114719)	4/4/2008 9:24:16 AM
From: 10K a day	Respond to of 306849

> `hasn't made a mortgage payment in eight months and hasn't heard from her lender. `Now she's afraid to mail in a payment for fear it'll come to somebody's attention,'' << LOL

To: Smiling Bob who wrote (114719)	4/4/2008 7:20:23 PM
From: bela_ghoulashi	Read Replies (1) \| Respond to of 306849

The money quote: Lenders who allow owners to stay in their homes are distorting the record foreclosure rate and delaying the worst of the housing decline, said Mark Zandi..... ``We don't have a sense of the magnitude of what's really going on because the whole process is being delayed,'' Zandi said in an interview. ``Looking at the data, we see the problems, but they are probably measurably greater than we think.''