tag:blogger.com,1999:blog-31506519.post5753470905818692405..comments2023-06-15T04:06:33.971-07:00Comments on Sacramento Area Flippers In Trouble: REOs In Trouble: Countrywide EditionUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-31506519.post-83045272400366356252007-04-04T05:34:00.000-07:002007-04-04T05:34:00.000-07:00Floppers? Fraudsters?Actually, the last "sale date...<I>Floppers? Fraudsters?</I><BR/><BR/>Actually, the last "sale date" is most likely the date CFC took over title through foreclosure. <BR/><BR/>Sorry about the confusion.Joshhttps://www.blogger.com/profile/17949325302740106702noreply@blogger.comtag:blogger.com,1999:blog-31506519.post-11491884636834986992007-04-04T00:27:00.000-07:002007-04-04T00:27:00.000-07:00How is it so many houses that were bought only a m...How is it so many houses that were bought only a month or two ago are back on the market, and at a loss, so soon? Floppers? Fraudsters?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-44150036088601561112007-04-03T09:02:00.000-07:002007-04-03T09:02:00.000-07:00bubble sitter is right on the money, The servicing...bubble sitter is right on the money, <BR/><BR/>The servicing departments are being overwhelemed by all the OREO's. Making loans is really an easy process, especially with no doc liar loans. Look at all these 20 somethings highschool drop outs making loans. <BR/><BR/>Taking back property is not as easy. These guys are making less money and pissing more money away on foreclosures. Serves the Perfect Stormhttps://www.blogger.com/profile/06521241284113043005noreply@blogger.comtag:blogger.com,1999:blog-31506519.post-84092258205047419002007-04-03T06:58:00.000-07:002007-04-03T06:58:00.000-07:00Max, another great observation. If you look at th...Max, another great observation. If you look at the underlying foreclosing lender, it is not always CFC, so they may just be servicing these property loans, and not making the asking price decisions.<BR/><BR/>I do think it is interesting the lenders can not see the market for what it is (yet). If the original seller can not sell and clear the mortgage amount, it should be a good clue. The Anonymousnoreply@blogger.com