Head-Scratching F-Tour

A few on the foreclosure list in 92008, all are around Tamarack, just east of the I-5 freeway:

3 Comments

CB Mark on June 20, 2010 at 11:51 am

That lady suing Countrywide is crackers. I can’t imagine she’ll get anywhere with that nonsense.

BTW, Happy Father’s Day Jim!
shadash on June 21, 2010 at 9:36 am

CB,

The “homeowners” intention by suing Countrywide isn’t to win the case. It’s to drag out the free rent as long as possible.

A mortgage = 2k per month
Lawyer fees = 1-2k upfront and can delay the foreclosure process 6 months or more.

Throw in a bankruptcy and sprinkle with a loan mod attempt and you’ve got over 2 years of free rent.
CB Mark on June 21, 2010 at 8:49 pm

Ordinarily, a logical deduction. Except the owners don’t live there – however, they are presumably skimming some rent from someone. So perhaps you may have something. On the other hand, based on Jim’s previous characterizations of said individual, I still think she’s crackers! 🙂