Comments on: Some Troubled Homeowners Can't And Shouldn't Be "Saved" http://housingdoom.com/2009/01/05/some-troubled-homeowners-cant-and-shouldnt-be-saved/ Thu, 24 May 2012 17:28:21 +0000 hourly 1 http://wordpress.org/?v= By: surak http://housingdoom.com/2009/01/05/some-troubled-homeowners-cant-and-shouldnt-be-saved/#comment-15301 surak Wed, 07 Jan 2009 23:35:25 +0000 http://housingdoom.com/?p=1944#comment-15301 What a scam. Igor says "silly" Exactly What a scam.

Igor says “silly” Exactly

]]> By: azrob http://housingdoom.com/2009/01/05/some-troubled-homeowners-cant-and-shouldnt-be-saved/#comment-15300 azrob Tue, 06 Jan 2009 07:17:42 +0000 http://housingdoom.com/?p=1944#comment-15300 The appraiser is a personal friend of mine, leave him alone! His name is Bo Gus Deal and he is a good guy, me and the rest of his friends just call him Stretch. He is very busy, preparing appraisals for banks to modify loans now, and hopefully in the future, for the government to give money in order to help underwater borrowers. Appraisal is very complex, and requires literally hundreds of hours of study in order to get a license. After all, that same home could have gotten an appraised value of $1.45 if the purpose was to get a government backed principal reduction for the owner, so obviously, there are complex mathematics involved. The appraiser is a personal friend of mine, leave him alone! His name is Bo Gus Deal and he is a good guy, me and the rest of his friends just call him Stretch.

He is very busy, preparing appraisals for banks to modify loans now, and hopefully in the future, for the government to give money in order to help underwater borrowers. Appraisal is very complex, and requires literally hundreds of hours of study in order to get a license.

After all, that same home could have gotten an appraised value of $1.45 if the purpose was to get a government backed principal reduction for the owner, so obviously, there are complex mathematics involved.

]]> By: AZSALUKI http://housingdoom.com/2009/01/05/some-troubled-homeowners-cant-and-shouldnt-be-saved/#comment-15299 AZSALUKI Mon, 05 Jan 2009 16:07:43 +0000 http://housingdoom.com/?p=1944#comment-15299 my question is "where is the appraiser?" this is a PERFECT example of a bad appraisal. i'm not quite sure why we can't find the appraiser for the 103K mortgage (along with so many others) and take their license? my question is “where is the appraiser?” this is a PERFECT example of a bad appraisal. i’m not quite sure why we can’t find the appraiser for the 103K mortgage (along with so many others) and take their license?

]]> By: twist http://housingdoom.com/2009/01/05/some-troubled-homeowners-cant-and-shouldnt-be-saved/#comment-15298 twist Mon, 05 Jan 2009 14:45:24 +0000 http://housingdoom.com/?p=1944#comment-15298 John- Great find! The banner below all of these guys when they are giving "expert" advice on CNBC should read <em><b>Talking their book.</b></em> John-

Great find!

The banner below all of these guys when they are giving “expert” advice on CNBC should read Talking their book.

]]> By: toysarefun http://housingdoom.com/2009/01/05/some-troubled-homeowners-cant-and-shouldnt-be-saved/#comment-15297 toysarefun Mon, 05 Jan 2009 14:18:35 +0000 http://housingdoom.com/?p=1944#comment-15297 Stories like this come as no surprise to me, looks like an easy teardown, it's nothing more than a wooden shack. The neighbors are probably ecstatic. But yeah, the greed, the stupidity, a prime example of Americanism at it's finest. Stories like this come as no surprise to me, looks like an easy teardown, it’s nothing more than a wooden shack. The neighbors are probably ecstatic. But yeah, the greed, the stupidity, a prime example of Americanism at it’s finest.

]]> By: John M. http://housingdoom.com/2009/01/05/some-troubled-homeowners-cant-and-shouldnt-be-saved/#comment-15296 John M. Mon, 05 Jan 2009 12:55:46 +0000 http://housingdoom.com/?p=1944#comment-15296 twist - SeekingAlpha has even more to this story. <a href="http://seekingalpha.com/article/113148-little-house-on-pimcos-prairie" rel="nofollow">"Little House on PIMCO’s Prairie"</a>, by Micael Steinberg, <em>SeekingAlpha</em>, January 5, 2008.<blockquote>The Wall Street Journal, in “Would You Pay $103,000 for This Arizona Fixer-Upper?”, reports on how a 576 square foot house not fit for human occupancy wound up as a foreclosure on a triple-A rated PIMCO MBS. PIMCO’s never short for words Bill Gross and Mohamed El-Erian refused to comment for the Journal article. These are the people that advertise themselves as the “experts” endlessly on CNBC, and are always available for television comment and consultation on every potential move by the Federal Reserve and Treasury. PIMCO is held in such high esteem that they were chosen as one of the four managers for the Fed’s $500B Fannie Mae (FNM), Freddie Mac (FRE), Ginnie Mae MBS purchase program.</blockquote> twist -

SeekingAlpha has even more to this story.

“Little House on PIMCO’s Prairie”, by Micael Steinberg, SeekingAlpha, January 5, 2008.

The Wall Street Journal, in “Would You Pay $103,000 for This Arizona Fixer-Upper?”, reports on how a 576 square foot house not fit for human occupancy wound up as a foreclosure on a triple-A rated PIMCO MBS. PIMCO’s never short for words Bill Gross and Mohamed El-Erian refused to comment for the Journal article. These are the people that advertise themselves as the “experts” endlessly on CNBC, and are always available for television comment and consultation on every potential move by the Federal Reserve and Treasury. PIMCO is held in such high esteem that they were chosen as one of the four managers for the Fed’s $500B Fannie Mae (FNM), Freddie Mac (FRE), Ginnie Mae MBS purchase program.

]]>