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Mortgage delinquencies are higher than in 08
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Date: February 28th, 2021 5:36 PM Author: Nighttime cordovan pocket flask toilet seat No one is talking about it. There aren't foreclosures right now but when things open back up, it's gonna be big. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024412) |
Date: February 28th, 2021 5:36 PM Author: slippery state goal in life Link 2 data? (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024418) |
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Date: February 28th, 2021 5:40 PM Author: Nighttime cordovan pocket flask toilet seat https://www.nasdaq.com/articles/mortgage-delinquencies-reach-20-year-high-2020-10-22 (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024433) |
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Date: February 28th, 2021 5:48 PM Author: Chrome nowag https://fred.stlouisfed.org/series/DRSFRMACBS
???
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Date: February 28th, 2021 5:53 PM Author: Nighttime cordovan pocket flask toilet seat the number of people who should be foreclosed but are in forbearance under the CARES Act isn't included in the feds numbers. real figure is much higher. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024500) |
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Date: February 28th, 2021 8:12 PM Author: Chrome nowag (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025115) |
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Date: February 28th, 2021 6:35 PM Author: comical theater electric furnace 1.4% delinquent 120 days doesn't seem like a massive catastrophe to me. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024718) |
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Date: February 28th, 2021 9:04 PM Author: saffron hospital I have a feeling that a lot of people have used home equity lines to pay their mortgages (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025437) |
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Date: February 28th, 2021 5:37 PM Author: mentally impaired factory reset button community account God I hope so (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024423) |
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Date: February 28th, 2021 5:37 PM Author: Marvelous rigpig Oh wow, if you prevent evictions then obviously tenants won't pay the rent and then landlords can't pay the mortgage. Nobody could have possibly predicted, etc. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024424) |
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Date: February 28th, 2021 5:43 PM Author: Chrome nowag Why would you mess with this if you can pay? Interest capitalises and shit. It's the worst bill to not pay, regardless of forbearance imho. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024447) |
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Date: February 28th, 2021 5:49 PM Author: fuchsia galvanic main people market Is interest not frozen at this time? Lunacy if not (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024478) |
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Date: February 28th, 2021 6:09 PM Author: Marvelous rigpig WTF are you talking about, as was obvious at the time at the "temporary" mortarium, you can live rent free for 2 or more years. Even when this at some point ends, it's not like all evictions will be instant. And even before all this, it took a year or more to evict a tenant who refused to pay on day one, and then you never actually collected the backrent.
I made the mistake of buying a home in the beforehand. If I was a renter, then of course I would have immediately stopped paying rent, rode it out as long as I could, then started over somewhere new after living 3 years rentfree.
LJL @ interest capitalizing... the "rent" during the eviction forbearance will never be collected. Tenants will just bail and it will be infeasible to try to sue them for rent. Collection on rent overdue 2 months is near 0%, let alone 2 years. |
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Date: February 28th, 2021 6:16 PM Author: vengeful parlor it must destroy your credit at least. there's no way everyone is just not paying rent right now. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024612) |
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Date: February 28th, 2021 7:33 PM Author: Marvelous rigpig It might, and a good credit score is definitely worth SOMETHING. But it's not worth three years of rent. Even assuming a relatively paltry $1,000 month/rent, then tenants are cruising cash free for $36,000. Whatever dings they get to their credit score as a result will be less than $36,000. And it comes off their credit score in seven years anyway. And even that's assuming that the landlord properly files all the shitpaper in the first instance. And even if they do, the tenant is going to keep spamming those "verification letters" to the bureaus every thirty days until they fuck up once and don't respond, then it comes off anyway.
Any tenant with half a brain cell stopped paying rent a year ago and will be cruising rent free for at least another year. |
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Date: February 28th, 2021 6:28 PM Author: cerebral cyan mother spot 8-12 days to evict a residential tenant in fl if you're a remotely decent litigator. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024681) |
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Date: February 28th, 2021 7:34 PM Author: Marvelous rigpig That might be true in FL, idk. In many jxes even during normal times it takes a year to evict a tenant who never even paid first month's rent. Blue states fuck over landlords every way possible, even if you have a valid judgment you can't execute it if it's too cold or raining. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024983) |
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Date: February 28th, 2021 8:59 PM Author: avocado soul-stirring half-breed Turn off the water and heat. Let them sue you in housing court if they like. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025390) |
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Date: February 28th, 2021 9:37 PM Author: Marvelous rigpig *bursts pipes in own house*
*appears before housing court on an 'emergency' basis*
*ordered to house tenants in hotel until such time as premises are repaired*
*owes treble damages to deadbeat tenants* |
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Date: March 1st, 2021 12:12 AM Author: avocado soul-stirring half-breed Blood from a stone, bro. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42026504) |
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Date: February 28th, 2021 5:37 PM Author: vengeful parlor (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024425) |
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Date: February 28th, 2021 5:37 PM Author: avocado soul-stirring half-breed I want to open a foreclosure mill so bad but Morgan Lewis has a near total lock on all the major servicers for the high end lit.... (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024426) |
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Date: February 28th, 2021 5:39 PM Author: mentally impaired factory reset button community account And you're retarded (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024431) |
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Date: February 28th, 2021 5:41 PM Author: avocado soul-stirring half-breed I managed foreclosures at BoA for 5 years. From 09-13. ML repped all 5 of the major servicers on the complex side. On the simple cases its shitlaw mills on flat fee but I would do even that.... (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024439) |
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Date: February 28th, 2021 5:42 PM Author: mentally impaired factory reset button community account You're also a brain damaged retard (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024441) |
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Date: February 28th, 2021 5:57 PM Author: elite location As usual, this is a retarded take.
(1) a foreclosure mill doesn’t work the complex matters. LOL at saying you want to start a mill but being discouraged because a biglaw firm is somewhere in the space light years above where a mill would reside.
(2) many other firms reside in this space. Actually, ML isn’t that major of a player compared to some others.
You really need to stop peacocking like you know shit because every time it’s dead wrong. |
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Date: February 28th, 2021 5:59 PM Author: avocado soul-stirring half-breed Mill is a relative term. ML in this area is a mill too. They take anything that is contested. Its not like the issues are novel. Just so long as the fact pattern is remotely more complex than a $5k flat fee firm wants to touch it goes to a ML. Also, who is bigger than ML on the contested side? They are default counsel for all 5 of the major servicers. Did a Chase or a BoA dump them since I left this area? BoNY left the servicing business or is in the process. That's the only change I know about in the last 2 years or so. ML always did good work FYI. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024536) |
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Date: February 28th, 2021 6:00 PM Author: elite location There are tons of firms that do escalated work. And no one in the space would call them a foreclosure mill. There are well known firms that fill that niche. Nice try. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024542) |
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Date: February 28th, 2021 6:03 PM Author: avocado soul-stirring half-breed Dude not naming a single firm. Also, its not tons of firms. Its is a very tiny niche area overall. If there are 200 lawyers on the contested lender side at firms nationally I would be amazed. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024553) |
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Date: February 28th, 2021 6:27 PM Author: mauve boyish halford field you're done here. scurry along in your Kia, Are Reptile (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024677) |
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Date: February 28th, 2021 6:28 PM Author: mentally impaired factory reset button community account He can't. It broke down months ago. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024684) |
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Date: February 28th, 2021 6:38 PM Author: turquoise wild genital piercing ljl (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024731) |
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Date: February 28th, 2021 5:38 PM Author: startled stimulating jap sandwich I had a 22 year old tell me that stocks will recover bc they always do. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024429) |
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Date: February 28th, 2021 5:49 PM Author: avocado soul-stirring half-breed 22yo who has apparently not seen what Nikkei has been up to for the last 30 years. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024476) |
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Date: February 28th, 2021 6:32 PM Author: Primrose Telephone Just keep waiting! (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024697) |
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Date: February 28th, 2021 5:41 PM Author: chestnut range unlike 2008 you have many, many willing institutional buyers to pick up the properties (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024437) |
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Date: February 28th, 2021 5:44 PM Author: chest-beating tan party of the first part principal's office (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024450) |
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Date: February 28th, 2021 5:54 PM Author: Irradiated Gaped Sex Offender Home (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024512) |
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Date: February 28th, 2021 6:06 PM Author: Fragrant crawly gunner son of senegal I'm gonna SNATCH UP a second/vacation home myself lmao (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024565) |
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Date: March 1st, 2021 5:11 AM Author: Razzle-dazzle filthpig SNATCH EM UP! (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42026984) |
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Date: February 28th, 2021 6:17 PM Author: Hateful Box Office Deer Antler So the new paradigm is there won't be crashes anymore but the rich will get progressively richer as everyone else gets progressively poorer. I think I'd prefer crashes. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024624) |
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Date: February 28th, 2021 6:18 PM Author: chestnut range the matrix is real (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024627) |
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Date: February 28th, 2021 6:26 PM Author: dashing parlour (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024673) |
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Date: February 28th, 2021 7:37 PM Author: Racy rough-skinned ticket booth dingle berry (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024992) |
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Date: February 28th, 2021 8:52 PM Author: Yellow Dopamine Shrine TCR. Fueled by low interest rates. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025337) |
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Date: February 28th, 2021 8:59 PM Author: Federal crackhouse (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025386) |
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Date: February 28th, 2021 9:39 PM Author: cerise corner (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025608) |
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Date: February 28th, 2021 11:08 PM Author: Passionate Crimson Nibblets Jewess They don't care what you prefer. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42026162) |
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Date: March 1st, 2021 9:01 AM Author: onyx concupiscible church building alpha (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42027262) |
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Date: March 1st, 2021 9:04 AM Author: mind-boggling drunken sanctuary (guy finally understanding how it works) (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42027268) |
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Date: February 28th, 2021 5:43 PM Author: bull headed meetinghouse the elites will just outlaw the foreclosures and print money to pay the mortgage holding institutions (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024449) |
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Date: February 28th, 2021 5:45 PM Author: vengeful parlor lol (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024456) |
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Date: March 1st, 2021 9:05 AM Author: Orange bawdyhouse Can you explain the joke? May have gone over my head. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42027277) |
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Date: February 28th, 2021 5:53 PM Author: cracking property (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024506) |
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Date: February 28th, 2021 6:27 PM Author: mauve boyish halford field cr (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024679) |
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Date: February 28th, 2021 8:14 PM Author: heady azure forum mad cow disease Invest in mREITs! (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025123) |
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Date: February 28th, 2021 6:39 PM Author: maize balding gaping abode I wonder what percentage are people who can't pay or are struggling to pay like in a typical default situation versus people electing to not pay for some other reason, but could otherwise pay.
I wonder how many "unsophisticated" proles took the foreclosure moratorium as an invitation to not pay, thinking that it wouldn't come back to bite them in the ass. |
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Date: February 28th, 2021 6:59 PM Author: Judgmental preventive strike plaza Pretty sure congress will pass something that tacks on the missed payments to the end of the mortgage term. They will not let real estate crash. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42024837) |
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Date: February 28th, 2021 8:56 PM Author: Sexy Feces OP is stupid af
there are absolutely NO homes for sale right now. if people get evicted that's great for the top 1%. my buddy is sitting on 100 bitcoins he can snap up dozens of homes easily with cash without a mortgage.
in some popular cities right now, there are only 6,000 or so homes for sale. it's crazy out there.
https://www.nytimes.com/2021/02/26/upshot/where-have-all-the-houses-gone.html |
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Date: February 28th, 2021 9:00 PM Author: frozen glittery bbw skinny woman this is true. im looking for a house now. there is ZERO inventory. anything halfway decent gets 10 offers the first day on the market. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025396) |
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Date: February 28th, 2021 9:28 PM Author: bull headed meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025556) |
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Date: February 28th, 2021 9:30 PM Author: saffron hospital Popular cities have always been exceptional. Just because you only look at Denver/Austin/Miami doesn’t mean the rest of the US ceases to exist. Housing everywhere else is tight for the exact reason OP is pointing out: it’s illegal to foreclose. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42025564) |
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Date: February 28th, 2021 9:41 PM Author: Nighttime cordovan pocket flask toilet seat Of course there aren't homes for sale right now. That's the point idiot. The foreclosure moratorium is preventing a ton of housing on the market. On top of that, many people aren't showing their homes due to Covid.
In a few months, we are going to have a lot of new homes on the market due to people showing their homes and foreclosures that are allowed again. This may happen in Q4 but it is going to happen. |
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Date: February 28th, 2021 11:05 PM Author: saffron hospital The “low inventory” flame is just that. We are at record high number of home sales. The low inventory isn’t because no one is selling, it’s because sales are happening quickly.
https://www.census.gov/construction/nrs/pdf/newressales.pdf
https://www.nahb.org/-/media/NAHB/news-and-economics/docs/housing-economics/sales/nationwide-sales-and-inventory.pdf |
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Date: February 28th, 2021 11:34 PM Author: Chrome nowag What the hell is wrong with you jfc. Sales are happening quickly because there is no inventory. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42026331) |
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Date: February 28th, 2021 11:48 PM Author: saffron hospital What does it matter? The point is there are record number of sellers. So people need to quit bitching about no one selling. (http://www.autoadmit.com/thread.php?thread_id=4776786&forum_id=2#42026394) |
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Date: March 1st, 2021 2:03 AM Author: chestnut range so new construction is gone and never coming back?
isn’t that great |