Random Thoughts

I’m sort of over the shock of having people you think will watch your back just sort of say “Hey, i don’t really understand this, and think I should just stay pretending I’m a bump on a log.”.

Fuck them.  There are things in life where you need someone to cover something you are doing.
My belief, in times gone by, was that there were people who would actually “cover my back”.  Meaning, they’d have the resources and the intellect to be able to determine that something I had an interest in would also provide some return for them.  Sadly, people are often restricted with what they can do by the things they know, or think they know.

I lost a friend with this bit of turmoil.  Not because of any decision to invest, or not invest, but strictly based on whether a person has the capability to express their concerns/desires to someone else.

I fully understand that everyone has different objectives, when a person changes/modifies objectives, they should be straightforward with their changes.

Enough said, I’ve got no-one to watch my back.  I’ve run that way for many years, I suppose it’s natural that things drift back in that direction.

Funny, but I got thrown under the bus today.  I’d thought that I was really past all the depending on other people to do what they said they’d do, but I put some faith in family members.

Bottom line, people want to do other things, and fuck what they said was important.  Personally, I put quite a bit of thought into commitments I make, it really pisses me off when people whimsically change their minds.

My real problem with the whimsy is that I’ve been dealing with the given project for two freaking years.  So now what, people think it’s time to take a different tack?

Fuck them.
I’m about as pissed off as  I ever get, and they blithely wander through their existence.  I can understand changing objectives and adapting to market conditions, but you just don’t decide you’re out and throw everyone else under the bus.  It’s O.K. if it’s a “let’s see if there’s a market” kind of thing, but two years and 5 figure investment?

Yeah, I’m pissed, let’s see what the little bitches come up with tomorrow.

I’ve seen recent requests for information about the process of a deed-in-lieu of foreclosure.
In it’s simplest form, it’s simply the owner of a property giving the lender a deed to the property instead of the lender completing a foreclosure action. While it might seem like a good option to the homeowner who knows they can’t keep up with their payments, lenders really do not want properties signed over to them.
It is important to note that sending the lender a deed does not transfer the property title, the lender must accept the deed.

So what are the requirements for a deed in lieu?
Typical requirements will be that the property has no other loans/liens, the owner cannot afford to continue making payments, the property must be left clean, and the owner must have tried to sell the property on the open market.

Here are some links to web pages that have a little bit more information about deed in lieu from major participants in the lending industry.
Fannie Mae Loss Mitigation Policies
Hud Deed in Lieu of Foreclosure Fact sheet
VA Deed in Lieu

Policies are pretty much equivalent across the board with a few minor differences, if you have questions or comments about a deed in lieu, they can be posted here.