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TwitterI know that its debts and assets will be sold to other banks. The question is when? Will the sale of its mortgages have to wait until the bankruptcy proceedings are over and it is decided what goes to what bank?
If so, what would happen with delinquent mortgages during this time which is sometimes more than a year ?
Another example would be New Century Financial which has already started bankruptcy last year in April. What happened with some of their mortgages that became delinquent while the bankruptcy was going on?
Posts Tagged ‘happens’
If Countrywide goes bankrupt, what happens to its mortgages during during the bankruptcy process?
December 2nd, 2009 
Pete 
Posted in Uncategorized 
Tags: bankrupt, bankruptcy, Countrywide, during, goes, happens, Mortgages, process 
1 Comment »Sexy Foreclosure REO Homes for sale in Hot Panorama City California – Real Estate Happens eps.#106
December 2nd, 2009 Pete
Foreclosures are still on the rise and REO properties listed for sale can offer real value for the money. This epsiode of Real Estate Happens eps.#106 features lovely Panorama City shot on a beautiful hot and sunny day. Serving all your Real Estate needs from the Mountains to the Sea! I specialize in homes and estate properties throughout Los Angeles including The Sunset Strip, Hollywood Hills, West Hollywood, Santa Monica, Venice Beach, Van Nuys, Studio City, Sherman Oaks, Encino, Tarzana …
Posted in Uncategorized Tags: California, City, eps.#106, Estate, Foreclosure, happens, HOMES, Panorama, Real, Sale, Sexy 18 Comments »What happens to mortgages if the bank goes out of business and no one wants to buy them?
November 10th, 2009 Pete I hear that if a bank goes under other banks will buy these mortgages. But with so many mortgages exceeding values of homes, many banks might not want to buy the mortgages. What would happen if a bank goes under, and no one wants to buy their crappy mortgages?
What happens when you sell your home for less than you paid?
November 8th, 2009 Pete My wife and I bought a condo for about 96k in 2006. Since then, the other units are selling for about 86k. There are plans still to build an additional 48 units, in our association, but because of the housing market, things have slowed down. We do not need to move right now but would like to have single family home in the next 2 to 3 years. What happens when you sell your home for less than what you paid?
arizona home buying process
March 21st, 2005 Pete
termite treatment cost in arizona?
We are in the process of buying a home which is 3 years old and we noted there is a 3 foot long termite tunnel on an outside wall about 2 feet from the ground. The house is on a slab. Incidentally we had the house inspected and there are no other major problems.
Since the seller wont pay for it, and we want the house, can someone tell us an approximate cost to apply a treatment for the termites. Thanks.
You don’t say the size of the outside of your perimeter, that is a huge factor. I have around 1700 sq feet inside, so around 2100 outside. Orkin quoted me 2,000 bucks and Terminix quoted me 2,200 dollars.
If there are termites, they eat wood. So there most likely needs to be wood replacement. I’d ask for another inspection and truly get someone in there, paid by you, who has nothing to do with the real estate agents. Some inspectors aren’t as honest as they should be.
If there are enough termites to actually make a tunnel on the outside of the house, i just have to wonder that there is no damage on the inside.
We had a very tiny amount of termites get into a shed and nearly destroyed the floor within a few months. It takes termites quite some time to make a tunnel and they don’t normally do it unless they are eating well. If there’s no food for them to be eating, they wouldn’t be building at this home. Might be worth the cost to have it double checked.
AB Mortgage Corp. in Chandler AZ-House Buying or Refinancing
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