forgot password?   register

#housing #investing #politics more»
736,927 comments in 75,805 posts by 10,911 registered users, 5 online now: HEY YOU, Kepi, rpanic01, Strategist, YesYNot

new post


By EastCoastBubbleBoy   2012 Nov 19, 7:50pm   388 views   0 comments   watch (0)   quote      

I know a few people who have tired for mortgage modifications, some more successful than others. Without exception, the first thing they are told is that you need to be 60+ days delinquent to even qualify.

Thus, how much stock can we put in the delinquency numbers as it pertains to pending inventory. The presumption is that these homes will untimely end in foreclosure. Although certinaly some will still be foreclosed upon, I’d be curious to see the conversion ratio over time. In other words do 90% of homes that are 60+ plus end up in foreclosure? 70%? How many on a percentage basis make their way all the way through the pipeline? And more importantly, has that percentage changed over the past few years given that the rules of the game have been modified as this crisis has unfolded.

Anyone know if this data exists?


users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home