pr
You obviously have very limited knowledge of RE so let me clarify. The lenders doing BPO/Appraiasals and holding things up with a lengthly appraisal process are on the sellers side NOT the buyers side. They are the ones that have to approve the property selling for less than the underlying liens. In a short sale, many of the lenders spend 3 to 6 months to approve the short sale. Interestingly, there are lenders that can do them in a week!
Clearly you were questioning the qualifications of buyers out there so you seem to fit in that camp also. Didnt here a plausible denial from you.
As for the buyer that cancelled 2 weeks before closing, they were going to put about 30% down, had at least 1 year of reserves and had a loan amount about 2X annual income. Very conservative buyer indeed.
As for the comment of many piggs having a hard time understanding there are plenty of folks out there with more money in the bank and higher incomes this has been debated and discussed for a couple years around here by many posters. Nothing new there and not an insult to the piggs, just reality. There are simply alot more people making more money and with more cash than many people on these want to beleive. Both SD R and I see it over and over again.
As for my business, my deals close and the fact that I have all those listings is what gives me time. I dont spend my time driving around buyers but rather on my computer/blackberry coordinating the team I’ve built behind me. I am not here for business and never was. I am here to learn and to share with my fellow and mostly like minded piggs. Sure we give each other the business but in anonymous online forum unless you are boisterous you will never be heard above the din.
Gotta laugh about the HLS not making cheap personal insults as he does as much as anyone around here when he posts. I suspect he understands that being heard is a challenge in a forum like this so being a charicature online helps.
