Bank Accepted offers on 2 properties

[waiting hawk]

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

[stockstradr]

GREAT post!

Get’s us all thinking about moving on opportunities, and how best to secure bargain pricing. My wife and I are definitly in position to do same, as our now renters with good cash flow, no debts.

Also, I’ll remind everyone of my post about a month or two ago, which many didn’t take seriously. That post warned of INFLATION raising up mortgage rates, making NOW the time to buy because mortgage rates will rise so far and fast that it won’t matter if housing prices keep falling for a couple years.

My wife and I are going to start looking with intent to buy forclosed properties. If mortgage rates go much higher, I will be writing “I told you so” because already inflation (or stagflation) has since (I wrote my post) become the hottest topic on news channels.

Be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.

Read Rich’s recent posts on inflation. Very very well written, as always.

[stockstradr]

GREAT post!

Get’s us all thinking about moving on opportunities, and how best to secure bargain pricing. My wife and I are definitly in position to do same, as our now renters with good cash flow, no debts.

Also, I’ll remind everyone of my post about a month or two ago, which many didn’t take seriously. That post warned of INFLATION raising up mortgage rates, making NOW the time to buy because mortgage rates will rise so far and fast that it won’t matter if housing prices keep falling for a couple years.

My wife and I are going to start looking with intent to buy forclosed properties. If mortgage rates go much higher, I will be writing “I told you so” because already inflation (or stagflation) has since (I wrote my post) become the hottest topic on news channels.

Be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.

Read Rich’s recent posts on inflation. Very very well written, as always.

[stockstradr]

GREAT post!

Get’s us all thinking about moving on opportunities, and how best to secure bargain pricing. My wife and I are definitly in position to do same, as our now renters with good cash flow, no debts.

Also, I’ll remind everyone of my post about a month or two ago, which many didn’t take seriously. That post warned of INFLATION raising up mortgage rates, making NOW the time to buy because mortgage rates will rise so far and fast that it won’t matter if housing prices keep falling for a couple years.

My wife and I are going to start looking with intent to buy forclosed properties. If mortgage rates go much higher, I will be writing “I told you so” because already inflation (or stagflation) has since (I wrote my post) become the hottest topic on news channels.

Be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.

Read Rich’s recent posts on inflation. Very very well written, as always.

[stockstradr]

GREAT post!

Get’s us all thinking about moving on opportunities, and how best to secure bargain pricing. My wife and I are definitly in position to do same, as our now renters with good cash flow, no debts.

Also, I’ll remind everyone of my post about a month or two ago, which many didn’t take seriously. That post warned of INFLATION raising up mortgage rates, making NOW the time to buy because mortgage rates will rise so far and fast that it won’t matter if housing prices keep falling for a couple years.

My wife and I are going to start looking with intent to buy forclosed properties. If mortgage rates go much higher, I will be writing “I told you so” because already inflation (or stagflation) has since (I wrote my post) become the hottest topic on news channels.

Be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.

Read Rich’s recent posts on inflation. Very very well written, as always.

[stockstradr]

GREAT post!

Get’s us all thinking about moving on opportunities, and how best to secure bargain pricing. My wife and I are definitly in position to do same, as our now renters with good cash flow, no debts.

Also, I’ll remind everyone of my post about a month or two ago, which many didn’t take seriously. That post warned of INFLATION raising up mortgage rates, making NOW the time to buy because mortgage rates will rise so far and fast that it won’t matter if housing prices keep falling for a couple years.

My wife and I are going to start looking with intent to buy forclosed properties. If mortgage rates go much higher, I will be writing “I told you so” because already inflation (or stagflation) has since (I wrote my post) become the hottest topic on news channels.

Be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.

Read Rich’s recent posts on inflation. Very very well written, as always.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[waiting hawk]

“Take note: be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.”

I have been afraid of inflation but I am a HUGE number cruncher. The amount down on a 10% rate would put my payment lower due to what the price of the house would come down to (and more interest write off/lower property taxes). For the 3-5% down buyer I totaly agree with this statment. For the 30-50% buyer I disagree though.

[Nor-LA-SD-guy]

Hi Waiting Hawk,

Yep those sound like really good deals, I had a friend who had an offer accepted on a bank owned property in Temecula (his retirement place), it was supposed to close on June 2nd, he is still waiting to hear from them. He called the realtor he was working with as well as the Bank but got the same answer from both, Don’t call us , we will call you when we are good and ready,

Be careful, seems some of these banks maybe playing games of some sort;

Also check to see if there is a clause something like “subject to investor approval” .

[Nor-LA-SD-guy]

Hi Waiting Hawk,

Yep those sound like really good deals, I had a friend who had an offer accepted on a bank owned property in Temecula (his retirement place), it was supposed to close on June 2nd, he is still waiting to hear from them. He called the realtor he was working with as well as the Bank but got the same answer from both, Don’t call us , we will call you when we are good and ready,

Be careful, seems some of these banks maybe playing games of some sort;

Also check to see if there is a clause something like “subject to investor approval” .

[Nor-LA-SD-guy]

Hi Waiting Hawk,

Yep those sound like really good deals, I had a friend who had an offer accepted on a bank owned property in Temecula (his retirement place), it was supposed to close on June 2nd, he is still waiting to hear from them. He called the realtor he was working with as well as the Bank but got the same answer from both, Don’t call us , we will call you when we are good and ready,

Be careful, seems some of these banks maybe playing games of some sort;

Also check to see if there is a clause something like “subject to investor approval” .

[Nor-LA-SD-guy]

Hi Waiting Hawk,

Yep those sound like really good deals, I had a friend who had an offer accepted on a bank owned property in Temecula (his retirement place), it was supposed to close on June 2nd, he is still waiting to hear from them. He called the realtor he was working with as well as the Bank but got the same answer from both, Don’t call us , we will call you when we are good and ready,

Be careful, seems some of these banks maybe playing games of some sort;

Also check to see if there is a clause something like “subject to investor approval” .

[Author]

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