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Started By
Message
re: Mortgage Delinquencies are Spiking
Posted on 7/16/20 at 1:53 pm to AUHighPlainsDrifter
Posted on 7/16/20 at 1:53 pm to AUHighPlainsDrifter
Can you buy Bank owned property directly from the bank before it’s listed in the MLS?
1
Posted on 7/16/20 at 2:14 pm to jimbeam
quote:It was "dabigfella."
Who is our gas station mogul? Was that Fella?
He said during the Hurricane Harvey flooding around Houston, which is where most of his gas stations were located, that he didn't consider it price gouging to double his stations' gasoline prices during the flood when a lot of his competitors were flooded and couldn't open.
He was just a good businessman for doing it, he said...
Posted on 7/16/20 at 2:30 pm to LSURussian
If I remember correctly, he followed it up with much worse things in that thread and he was put in timeout.
Posted on 7/16/20 at 2:38 pm to castorinho
quote:He may have but I pretty much stopped reading his posts after he posted his "I'm not price gouging..." post.
If I remember correctly, he followed it up with much worse things in that thread and he was put in timeout.
When he posted that I thought to myself the admins who live and work in the Houston area might not appreciate his comment.
One of the admins replied to him a few minutes later, "You've made this easy for me" and POOF!! Dabigfella was gone.
Posted on 7/16/20 at 2:46 pm to jimbeam
Yes
Posted on 7/16/20 at 3:06 pm to wutangfinancial
quote:
It will take years for these loans to go through the forebearance process so keep that in mind.
Forebearance is normally 3-6 months. After that foreclosure can go into affect and that can be lengthy but the carnage should start to be known in the fall. Hard to tell how bad it will be.
Posted on 7/16/20 at 3:27 pm to cadillacattack
It’s only the beginning
Posted on 7/16/20 at 3:58 pm to cadillacattack
JBE just announced a rent assistance program for people who are behind in rent and make less than $24,000 a year. I don’t understand what stimulus and $540 a week extra money was used for with those people.
Posted on 7/16/20 at 4:37 pm to TigreB77
quote:
Can you buy Bank owned property directly from the bank before it’s listed in the MLS?
Usually at auctions on courthouse steps.
Posted on 7/16/20 at 4:54 pm to go ta hell ole miss
This is why I'm reluctant to purchase another home right now. I feel like ill buy then be upside down within a year
Posted on 7/16/20 at 5:02 pm to Jp1LSU
The housing agencies will extend of the economy is shut down though so that average forebearance processing time is probably irrelevant because this shutdown is unprecedented.
Posted on 7/16/20 at 6:59 pm to HailToTheChiz
quote:
This is why I'm reluctant to purchase another home right now. I feel like ill buy then be upside down within a year
You are making a mistake not buying
Posted on 7/16/20 at 7:11 pm to SDVTiger
Do you really think rates can't go lower?
Posted on 7/16/20 at 8:41 pm to SDVTiger
quote:
You are making a mistake not buying
How? I may still buy in the next couple of years. I just dont see how homes can get valued any higher. There are homes in my area that are priced insane. They can only go down.
Posted on 7/16/20 at 8:51 pm to HailToTheChiz
White collar cuts haven't come yet. Just be patient.
Posted on 7/16/20 at 8:59 pm to HailToTheChiz
quote:
They can only go down.
Why cant they go up? Which they will over a 10yr period
Also you are missing out on rates that are unreal and when they go up your buying power goes down
Posted on 7/16/20 at 9:00 pm to HailToTheChiz
quote:does your analysis factor in interest rates?
How? I may still buy in the next couple of years. I just dont see how homes can get valued any higher. There are homes in my area that are priced insane. They can only go down.
Posted on 7/16/20 at 9:06 pm to wutangfinancial
quote:
Do you really think rates can't go lower?
I think they can
Posted on 7/16/20 at 9:16 pm to SDVTiger
quote:
Why cant they go up? Which they will over a 10yr period
Also you are missing out on rates that are unreal and when they go up your buying power goes down
I've got a good rate. I just don't feel like wages are keeping pace with ridiculous prices. Like a house in the Birmingham area may have increased by $100k in just 5 years. That's nuts
Posted on 7/16/20 at 9:52 pm to SDVTiger
Are you an LO?
I think they can go way lower. The market is forcing rates down.
I think they can go way lower. The market is forcing rates down.
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