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Prufrock.
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November 2, 2007 at 9:08 AM #94590November 2, 2007 at 9:08 AM #94640
Anonymous
GuestDistressed Seller Paradox (retitled after the above post came in while I was drafting)
What is the moral problem with buying from a distressed owner.
It will be sold by the seller or the lender. If everyone avoids buying from a distress buyer, the property will have no value.There may be a legal dilemma. If you are an investor do not buy a home from a seller who has received a Notice of Default unless you are very cognizant of the laws sanctioning things like home equity skimming and “foreclosure advisors”. The home equity law is particularly onerous.
John McConnin, Esq.
November 2, 2007 at 9:08 AM #94641GuestDistressed Seller Paradox (retitled after the above post came in while I was drafting)
What is the moral problem with buying from a distressed owner.
It will be sold by the seller or the lender. If everyone avoids buying from a distress buyer, the property will have no value.There may be a legal dilemma. If you are an investor do not buy a home from a seller who has received a Notice of Default unless you are very cognizant of the laws sanctioning things like home equity skimming and “foreclosure advisors”. The home equity law is particularly onerous.
John McConnin, Esq.
November 2, 2007 at 9:08 AM #94651GuestDistressed Seller Paradox (retitled after the above post came in while I was drafting)
What is the moral problem with buying from a distressed owner.
It will be sold by the seller or the lender. If everyone avoids buying from a distress buyer, the property will have no value.There may be a legal dilemma. If you are an investor do not buy a home from a seller who has received a Notice of Default unless you are very cognizant of the laws sanctioning things like home equity skimming and “foreclosure advisors”. The home equity law is particularly onerous.
John McConnin, Esq.
November 2, 2007 at 9:19 AM #94594raptorduck
ParticipantAlexAngel. Come on, I have read your other posts. I know you are flavorful and all, but you can’t be that ignorant.
So I can afford a house in RSF, BFD. I have nothing to brag about. I am paying 20% down like everybody else, have to finance it like everbody else, and will never pay the mortgage down past 33% of its value.
Last time I checked, I don’t have a degree in real estate and folks here know a lot about the market I am interested in. I have learned a lot here. Need I say more?
November 2, 2007 at 9:19 AM #94644ParticipantAlexAngel. Come on, I have read your other posts. I know you are flavorful and all, but you can’t be that ignorant.
So I can afford a house in RSF, BFD. I have nothing to brag about. I am paying 20% down like everybody else, have to finance it like everbody else, and will never pay the mortgage down past 33% of its value.
Last time I checked, I don’t have a degree in real estate and folks here know a lot about the market I am interested in. I have learned a lot here. Need I say more?
November 2, 2007 at 9:19 AM #94646ParticipantAlexAngel. Come on, I have read your other posts. I know you are flavorful and all, but you can’t be that ignorant.
So I can afford a house in RSF, BFD. I have nothing to brag about. I am paying 20% down like everybody else, have to finance it like everbody else, and will never pay the mortgage down past 33% of its value.
Last time I checked, I don’t have a degree in real estate and folks here know a lot about the market I am interested in. I have learned a lot here. Need I say more?
November 2, 2007 at 9:19 AM #94654ParticipantAlexAngel. Come on, I have read your other posts. I know you are flavorful and all, but you can’t be that ignorant.
So I can afford a house in RSF, BFD. I have nothing to brag about. I am paying 20% down like everybody else, have to finance it like everbody else, and will never pay the mortgage down past 33% of its value.
Last time I checked, I don’t have a degree in real estate and folks here know a lot about the market I am interested in. I have learned a lot here. Need I say more?
November 2, 2007 at 9:39 AM #94618Alex_angel
ParticipantRD. I just don’t beleive that my CEO who lives in RSF was on a blog asking for advice as to which area to buy. I just find it funny. You want knowledge any RE book on Amazon would help.
As you can tell, there are a lot of freaks on this board that post some real BS. You need to dissect through a lot of crap and the nostradumbasses that post here.
November 2, 2007 at 9:39 AM #94668ParticipantRD. I just don’t beleive that my CEO who lives in RSF was on a blog asking for advice as to which area to buy. I just find it funny. You want knowledge any RE book on Amazon would help.
As you can tell, there are a lot of freaks on this board that post some real BS. You need to dissect through a lot of crap and the nostradumbasses that post here.
November 2, 2007 at 9:39 AM #94670ParticipantRD. I just don’t beleive that my CEO who lives in RSF was on a blog asking for advice as to which area to buy. I just find it funny. You want knowledge any RE book on Amazon would help.
As you can tell, there are a lot of freaks on this board that post some real BS. You need to dissect through a lot of crap and the nostradumbasses that post here.
November 2, 2007 at 9:39 AM #94679ParticipantRD. I just don’t beleive that my CEO who lives in RSF was on a blog asking for advice as to which area to buy. I just find it funny. You want knowledge any RE book on Amazon would help.
As you can tell, there are a lot of freaks on this board that post some real BS. You need to dissect through a lot of crap and the nostradumbasses that post here.
November 2, 2007 at 9:42 AM #94622nostradamus
ParticipantRaptorduck you don’t need an RE license to know how silly your wife’s argument is. Imagine if you were living in San Diego and considering moving elsewhere because:
1. Housing is ridiculously overpriced
2. Everything in San Diego is expensive (we pay the highest in the nation for gas)
3. The local economy is driven in a large part by construction, and will be on a sorry downward slope for a whileNow we have this fire, as we did in 2003 and before. It may be just the thing to send you out of SD for good.
November 2, 2007 at 9:42 AM #94674ParticipantRaptorduck you don’t need an RE license to know how silly your wife’s argument is. Imagine if you were living in San Diego and considering moving elsewhere because:
1. Housing is ridiculously overpriced
2. Everything in San Diego is expensive (we pay the highest in the nation for gas)
3. The local economy is driven in a large part by construction, and will be on a sorry downward slope for a whileNow we have this fire, as we did in 2003 and before. It may be just the thing to send you out of SD for good.
November 2, 2007 at 9:42 AM #94675ParticipantRaptorduck you don’t need an RE license to know how silly your wife’s argument is. Imagine if you were living in San Diego and considering moving elsewhere because:
1. Housing is ridiculously overpriced
2. Everything in San Diego is expensive (we pay the highest in the nation for gas)
3. The local economy is driven in a large part by construction, and will be on a sorry downward slope for a whileNow we have this fire, as we did in 2003 and before. It may be just the thing to send you out of SD for good.
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