http://mrmortgage.ml-implode.com/2008/10/29/wall-st-journal-on-the-ca-housing-meltdown/ Your personal tour guide through the housing finance "misinformation maze". Thu, 14 May 2009 13:28:04 -0400 http://wordpress.org/?v=2.8.1 hourly 1 http://mrmortgage.ml-implode.com/2008/10/29/wall-st-journal-on-the-ca-housing-meltdown/comment-page-1/#comment-7474 admin Thu, 30 Oct 2008 04:09:12 +0000 http://mrmortgage.ml-implode.com/?p=394#comment-7474 J - they could. With 20% down self financed REO would be great. J – they could. With 20% down self financed REO would be great.

]]> http://mrmortgage.ml-implode.com/2008/10/29/wall-st-journal-on-the-ca-housing-meltdown/comment-page-1/#comment-7462 peterb Wed, 29 Oct 2008 21:53:54 +0000 http://mrmortgage.ml-implode.com/?p=394#comment-7462 MM, nice work. You should be syndicated. But of course, MSM would never allow your "spin" on the facts. Is there a way to determine how many of these recent purchase were 1st time buyers or investors or second homes? I have a feeling that many of these purchases are not all that organic. In other words, investors buying from banks in order to flip or rent out. But I dont know. It would be interesting to see who the real buyers are for these homes. MM, nice work. You should be syndicated. But of course, MSM would never allow your “spin” on the facts.
Is there a way to determine how many of these recent purchase were 1st time buyers or investors or second homes? I have a feeling that many of these purchases are not all that organic. In other words, investors buying from banks in order to flip or rent out. But I dont know. It would be interesting to see who the real buyers are for these homes.

]]> http://mrmortgage.ml-implode.com/2008/10/29/wall-st-journal-on-the-ca-housing-meltdown/comment-page-1/#comment-7455 j Wed, 29 Oct 2008 20:39:04 +0000 http://mrmortgage.ml-implode.com/?p=394#comment-7455 hey Mr Mortgage, quick question, do you think the banks will ever establish a "first time buyer program" for their REOs if the banks just get twice as overwhelmed as they are now? I've been looking to buy a REO house in So Cal but it seems, at least where I'm looking got buy, that a REO buyer will need col hard cash and maybe if a REO buyer is luck 20% down. Am I wishful thinking here? Thanks! hey Mr Mortgage, quick question, do you think the banks will ever establish a “first time buyer program” for their REOs if the banks just get twice as overwhelmed as they are now? I’ve been looking to buy a REO house in So Cal but it seems, at least where I’m looking got buy, that a REO buyer will need col hard cash and maybe if a REO buyer is luck 20% down. Am I wishful thinking here? Thanks!

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