Head-Scratching F-Tour

by | Jun 20, 2010 | F-List, Jim TV, North County Coastal | 3 comments

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

3 Comments

  1. CB Mark
    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!

  2. shadash
    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.

  3. CB Mark
    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! 🙂

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