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June 10, 2008 at 8:35 PM #13004June 10, 2008 at 11:23 PM #221110golfprozParticipant
It’s more common than they want to believe. I already know 2 people who have pulled this stunt in the last year. And in the early 90’s a fireman that lived 3 houses down from me did it then too.
June 10, 2008 at 11:23 PM #221207golfprozParticipantIt’s more common than they want to believe. I already know 2 people who have pulled this stunt in the last year. And in the early 90’s a fireman that lived 3 houses down from me did it then too.
June 10, 2008 at 11:23 PM #221221golfprozParticipantIt’s more common than they want to believe. I already know 2 people who have pulled this stunt in the last year. And in the early 90’s a fireman that lived 3 houses down from me did it then too.
June 10, 2008 at 11:23 PM #221253golfprozParticipantIt’s more common than they want to believe. I already know 2 people who have pulled this stunt in the last year. And in the early 90’s a fireman that lived 3 houses down from me did it then too.
June 10, 2008 at 11:23 PM #221272golfprozParticipantIt’s more common than they want to believe. I already know 2 people who have pulled this stunt in the last year. And in the early 90’s a fireman that lived 3 houses down from me did it then too.
June 11, 2008 at 4:44 AM #221125ferainaParticipantIf this article gets enough publicity, maybe more people will attempt the practice. But I don’t think that NAR’s argument that such buying hurts “the average consumer” holds water. These new purchases are bringing down the comps, and moreover their old home is going back to the bank as foreclosure and which will be eventually sold for even less. So as an “average consumer” waiting on the sideline for the prices to drop to more reasonable ranges, I for one am not bothered at all by this practice, at least from a market perspective. Also, presumably owners that buy-and-bail are less likely to be bitter, and therefore less likely to cause unnecessary damage to their foreclosed homes when they leave.
This is all much better than the bank quietly writing down the loan and not allowing the local market to have the benefit of a low comp, and also better than a bitter owner leaving without a new home and intent on trashing the house.
June 11, 2008 at 4:44 AM #221223ferainaParticipantIf this article gets enough publicity, maybe more people will attempt the practice. But I don’t think that NAR’s argument that such buying hurts “the average consumer” holds water. These new purchases are bringing down the comps, and moreover their old home is going back to the bank as foreclosure and which will be eventually sold for even less. So as an “average consumer” waiting on the sideline for the prices to drop to more reasonable ranges, I for one am not bothered at all by this practice, at least from a market perspective. Also, presumably owners that buy-and-bail are less likely to be bitter, and therefore less likely to cause unnecessary damage to their foreclosed homes when they leave.
This is all much better than the bank quietly writing down the loan and not allowing the local market to have the benefit of a low comp, and also better than a bitter owner leaving without a new home and intent on trashing the house.
June 11, 2008 at 4:44 AM #221237ferainaParticipantIf this article gets enough publicity, maybe more people will attempt the practice. But I don’t think that NAR’s argument that such buying hurts “the average consumer” holds water. These new purchases are bringing down the comps, and moreover their old home is going back to the bank as foreclosure and which will be eventually sold for even less. So as an “average consumer” waiting on the sideline for the prices to drop to more reasonable ranges, I for one am not bothered at all by this practice, at least from a market perspective. Also, presumably owners that buy-and-bail are less likely to be bitter, and therefore less likely to cause unnecessary damage to their foreclosed homes when they leave.
This is all much better than the bank quietly writing down the loan and not allowing the local market to have the benefit of a low comp, and also better than a bitter owner leaving without a new home and intent on trashing the house.
June 11, 2008 at 4:44 AM #221269ferainaParticipantIf this article gets enough publicity, maybe more people will attempt the practice. But I don’t think that NAR’s argument that such buying hurts “the average consumer” holds water. These new purchases are bringing down the comps, and moreover their old home is going back to the bank as foreclosure and which will be eventually sold for even less. So as an “average consumer” waiting on the sideline for the prices to drop to more reasonable ranges, I for one am not bothered at all by this practice, at least from a market perspective. Also, presumably owners that buy-and-bail are less likely to be bitter, and therefore less likely to cause unnecessary damage to their foreclosed homes when they leave.
This is all much better than the bank quietly writing down the loan and not allowing the local market to have the benefit of a low comp, and also better than a bitter owner leaving without a new home and intent on trashing the house.
June 11, 2008 at 4:44 AM #221288ferainaParticipantIf this article gets enough publicity, maybe more people will attempt the practice. But I don’t think that NAR’s argument that such buying hurts “the average consumer” holds water. These new purchases are bringing down the comps, and moreover their old home is going back to the bank as foreclosure and which will be eventually sold for even less. So as an “average consumer” waiting on the sideline for the prices to drop to more reasonable ranges, I for one am not bothered at all by this practice, at least from a market perspective. Also, presumably owners that buy-and-bail are less likely to be bitter, and therefore less likely to cause unnecessary damage to their foreclosed homes when they leave.
This is all much better than the bank quietly writing down the loan and not allowing the local market to have the benefit of a low comp, and also better than a bitter owner leaving without a new home and intent on trashing the house.
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