Thursday 1/13/2011

Thursday

Picking up where I left off yesterday, more like slightly altering the path, I just got done through reading that this year will be the WORST yet since the housing meltdown. I have heard this for about a year now, I finally have seen it in print. 

Ahh, yes, and there are a number of junk mobiles in my neighborhood, a thing that I had considered - moving into one of those - but have now since decided that being a landlord and renting out rooms in my current house versus moving out and into a pathetically nasty old mobile home - not very palatable. 

Actually, there is one for sale that has BEEN for sale for well over a year now. I don't know what they want for it or if it might be owner carry, but it is actually in decent shape from the outside with a chain link fenced yard. 

Well, I'm not going there - yet. 

I was watching the "Memorial" yesterday, perhaps I shouldn't start dousing it with water, but I have never seen a memorial that sounded more like a political rallying party. I mean, I just went to a memorial, it was somber event, I just didn't quite get that last night, as if the people in attendance had been instructed to hoot and holler and shout like a person that just won the lottery. 

Well, anyway, I am going to go for the HAMP thing even though it isn't going to help very much. It isn't going to hurt anything, either. I do understand now why so many people say they didn't qualify for it: you have a short window of time to fill out their form and get it back to them. If you don't get it back in time, your application is cancelled and you do NOT get a second chance. This, anyway, coming from the individual I was talking with yesterday. The reports I have seen, and much of it directed at Bank of America who is not, thankfully, my lender, is that people would send in the required paperwork and later find out that BofA didn't receive it, somehow. You might expect that along the way, SOME paperwork gets lost in the system, but hundreds or even thousands of people? 

BTW, the stats given today is that 5 million homes are at least 2 months behind in mortgage payments. It's just the fact that this economic environment we are in is far from over. Arizona, and most notably the Phoenix area, already has a glut of empty, vacant homes. Add thousands more to that? 

G'day.

ben