Mr Mortgage - Home Sales and Foreclosure Update
Posted on March 4, 2009
Filed Under Home Foreclosures |
Check out my site at http://mrmortgage.ml-implode.com
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Don’t Get …
Don’t Get Foreclosed On Modify Your Loan go to homesaver(DOT)tk
thehelpfund.blogspot
thehelpfund.blogspot
I like Mr Mortgage …
I like Mr Mortgage but he’s not in the same vein as the other two. He’s part of the system and continues to think that somehow this credit score based system will continue….Can you reinflate a popped balloon Mr mortage? that’s what we are talking about…
I have a question …
I have a question for you. Your stupidity, was it accident induced or biological?
The only people …
The only people stupid enough to buy those stick homes for 500,000 dollars were illegal immigrants which was orchestrated by Fannie and Freddie which is run by the democrats to implode America to bring about Obama socialism. Wake up America, this crisis has been planned for years and its fail proof.
This is all great …
This is all great news!! Homes need to keep dropping until the average home is 3x the cost of a household income. A household making $50k should be able to afford a $150k home. Instead there’s too many $300-500k houses. I wish all of these houses would tank in foreclosures.
in spite of all the …
in spite of all the bad stuff happening, it does make you feel better to see a few honest people such as Mr Mortgage, Don Harrold, Man of Truth, Vision Victory and others who are telling the truth and helping others, what a concept
I though that these …
I though that these loan products were insured, if they were then the insurance company should be taking action not the federal government. These are private investments not federal investments so the federal government should not bailing them out the insurance companies that insured the loan products should be bailing them out.
zillow gets the …
zillow gets the exact home locations wrong a lot, I have 3 on the same block and they give the value for the one across the street as the other and the one as another one down the block, its an imperfect system
I’m from Texas.The …
I’m from Texas.The boom skipped us. We actually only had a short boom created from the transfer of equity from CA people in 05 and 06. Our turn around occured when investors flew to our foreclosures like flies on chit. Once frclsurs were gone, things were great, so I’m not sure I agree with the “organic” sales as the cure. I did dozens of loans with countrywide. They were big on the interest only and heloc ect. They had some crafty crap going on. ethics were traded for numbers etc. 90%+? yep
Your an awesome …
Your an awesome presenter on this topic. Its slightly depressing of course with all the blue days ahead. Will prices ever get back to bubble levels?
Already started. …
Already started. Here in Britain new car sales are down 40% up to now.
My home is going …
My home is going into foreclosure in the next week. I loved my home. It looks like prices are going up on Zillow. I wonder if Zillow or maybe the banks are manipulating…i.e. am wondering if the banks are buying their properties back at a higher price so it looks like the prices are higher. Zillow had the absolute WORST house in the neighborhood (and it’s a mixed neighborhood - a junky drug addict house for $383k and my home which was beautiful shows $164k.
Thank you, Mr. …
Thank you, Mr. Mortgage. I love your insight. I’m saving up to buy a home late 2009, if not 2010, because of forecasts by honest professionals like yourself.
Excellent… …
Excellent…Although my condo is a bomb investment. Im sitting renting it out saving for a down payment on one of “Mark’s” bank REO houses. Keep up the stats Mark. You Rock!
G
Excellent analysis. …
Excellent analysis. Keep up the good work.
awesome info keep …
awesome info keep it coming..wink wink
Hey Mark, here’s …
Hey Mark, here’s what the banks are pullin.
Sept. 4 (Bloomberg) — Lehman Brothers Holdings Inc. may shift about $32 billion of commercial mortgages and real estate to a new company that will be spun off in a move similar to the good-bank-bad-bank model used in the 1980s banking crisis.
I can’t follow all …
I can’t follow all these rapid-fire numbers he’s spewing. Is there a Power Point Chart to go with this?
car business is …
car business is next.
Welcome back Mark.
…
Welcome back Mark.
Good to see you my friend.
Frag
Right on the money!
Right on the money!
Glad to see you …
Glad to see you again Mr Mortgage. Great work and thank you for your analysis jammed packed with data. And like a few others, still renting and patiently waiting.
Great work as …
Great work as always. Still renting and loving it. My landlord just forclosed on my property this month. No problems, just had to move into a 2/2 instead of my old 1/1 for $30 more a month!!!!
Nice to hear from …
Nice to hear from you again Mr.M!! What are your thoughts on the “new” housing bill and what effect, if any, it will have on the present market. Also, is it conceivable that eventually the market could actually start working in reverse of what it historically had done?
Instead of buyers “moving up” to gain the larger, fancier, “better dressed” homes, buyers may start “moving down” to get out from under the negative equity or to avoid a nasty reset.
Interested to hear/see your thoughts.