define “speculator”

[davelj]

Yeah, I’d start with the issue of the home being owner occupied. Then I’d add one more criterion: Did the the buyer put down at least a 10% down payment. Despite the fact that many people may have made a horrible decision to buy at the top and put down 10%, I would not put these folks into the speculator bucket. And if we’ve resigned ourselves to the fact that we’re going to bail folks out (with which I disagree), then let’s at least have the decency to limit it to folks who put some money down and are actually living in their homes. Anything non-owner occupied or having less than a 10% down payment, in my opinion, should not be bailed out. Period.

[yooklid]

Was there a down payment?
Was this the primary residence?
Was there an attempt to sell within 1 year of purchase?
Was exotic financing used?

[yooklid]

Was there a down payment?
Was this the primary residence?
Was there an attempt to sell within 1 year of purchase?
Was exotic financing used?

[yooklid]

Was there a down payment?
Was this the primary residence?
Was there an attempt to sell within 1 year of purchase?
Was exotic financing used?

[yooklid]

Was there a down payment?
Was this the primary residence?
Was there an attempt to sell within 1 year of purchase?
Was exotic financing used?

[yooklid]

Was there a down payment?
Was this the primary residence?
Was there an attempt to sell within 1 year of purchase?
Was exotic financing used?

[Peace]

So why don’t they just say that:

“This bail-out is not for ‘non-owner-occupied’ properties”

[Peace]

So why don’t they just say that:

“This bail-out is not for ‘non-owner-occupied’ properties”

[Peace]

So why don’t they just say that:

“This bail-out is not for ‘non-owner-occupied’ properties”

[Peace]

So why don’t they just say that:

“This bail-out is not for ‘non-owner-occupied’ properties”

[Peace]

So why don’t they just say that:

“This bail-out is not for ‘non-owner-occupied’ properties”

[ltokuda]

First, I would ask if the house is owner occupied. If not, then I would view the property as a business investment.

Next, I would ask if the owner had the income necessary to service the mortgage payments (after any teaser rates expire) when he purchased the house. If not, then the owner was either betting that the house would appreciate in value or that he would somehow earn more money in the future. Either way, its speculative.

[ltokuda]

First, I would ask if the house is owner occupied. If not, then I would view the property as a business investment.

Next, I would ask if the owner had the income necessary to service the mortgage payments (after any teaser rates expire) when he purchased the house. If not, then the owner was either betting that the house would appreciate in value or that he would somehow earn more money in the future. Either way, its speculative.

[ltokuda]

First, I would ask if the house is owner occupied. If not, then I would view the property as a business investment.

Next, I would ask if the owner had the income necessary to service the mortgage payments (after any teaser rates expire) when he purchased the house. If not, then the owner was either betting that the house would appreciate in value or that he would somehow earn more money in the future. Either way, its speculative.

[ltokuda]

First, I would ask if the house is owner occupied. If not, then I would view the property as a business investment.

Next, I would ask if the owner had the income necessary to service the mortgage payments (after any teaser rates expire) when he purchased the house. If not, then the owner was either betting that the house would appreciate in value or that he would somehow earn more money in the future. Either way, its speculative.

[Author]

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