sdr/SDR, how can this not be fraud???

[sdrealtor]

A quick note CA R. I dont disagree with any of your ideas nor do I think you lack one bit of brain power. I just have seen enough to know that although what you propose seems simple and rational it does not mean it would work. I have had approved short sales where the buyer walked and I had to go back and get it reapproved for a higher priceed new offer. How much easier could that be? Just change the name on the approval and get even more than they alreadya greed to. I have seen these requests take over a month just to get an acknowledgement. These wonderful systems to control everything that you propose create incredible barriers to getting things done. I have seen it over and over again. The real problem is not the fraud, its the lenders inability to process these things. If they had turned it around quickly the loss would have decreased. By taking 6 weeks to turn it around they increased the loss.

The other problem is that the seller is still the legal owner. With REO’s the banks own them and could do something like that more realistically. The problem with REO’s is that the big REO agents have buyers lined up with them waiting for good deals. It is very easy for them to insert their own buyer in them which I have seen happen over and over again.

[CA renter]

sdr,

This is **exactly** why I think the auction system would work more efficiently. Everything would be automated, and everything would have a standard timeline. The buyers and sellers would be pre-approved through either Fannie or Freddie (or similar govt agency), and they would have a clear understanding of their rights and obligations under the system.

It would eliminate a great portion of the numbskulls who are currently holding things up, and would create a transparent trail for all transactions.

[CA renter]

sdr,

This is **exactly** why I think the auction system would work more efficiently. Everything would be automated, and everything would have a standard timeline. The buyers and sellers would be pre-approved through either Fannie or Freddie (or similar govt agency), and they would have a clear understanding of their rights and obligations under the system.

It would eliminate a great portion of the numbskulls who are currently holding things up, and would create a transparent trail for all transactions.

[CA renter]

sdr,

This is **exactly** why I think the auction system would work more efficiently. Everything would be automated, and everything would have a standard timeline. The buyers and sellers would be pre-approved through either Fannie or Freddie (or similar govt agency), and they would have a clear understanding of their rights and obligations under the system.

It would eliminate a great portion of the numbskulls who are currently holding things up, and would create a transparent trail for all transactions.

[CA renter]

sdr,

This is **exactly** why I think the auction system would work more efficiently. Everything would be automated, and everything would have a standard timeline. The buyers and sellers would be pre-approved through either Fannie or Freddie (or similar govt agency), and they would have a clear understanding of their rights and obligations under the system.

It would eliminate a great portion of the numbskulls who are currently holding things up, and would create a transparent trail for all transactions.

[CA renter]

sdr,

This is **exactly** why I think the auction system would work more efficiently. Everything would be automated, and everything would have a standard timeline. The buyers and sellers would be pre-approved through either Fannie or Freddie (or similar govt agency), and they would have a clear understanding of their rights and obligations under the system.

It would eliminate a great portion of the numbskulls who are currently holding things up, and would create a transparent trail for all transactions.

[CA renter]

[quote=patientrenter]It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.[/quote]

Absolutely agree with you, patientrenter.

[CA renter]

[quote=patientrenter]It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.[/quote]

Absolutely agree with you, patientrenter.

[CA renter]

[quote=patientrenter]It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.[/quote]

Absolutely agree with you, patientrenter.

[CA renter]

[quote=patientrenter]It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.[/quote]

Absolutely agree with you, patientrenter.

[CA renter]

[quote=patientrenter]It’s funny how every politician and economist thinks the Fed should maintain some level of inflation, and suppress interest rates, and the Fed effectively does that, but keeps it all just below most people’s radar screen.

Why does this happen? Why isn’t it a goal of the Fed to boost interest rates, and deflate? After all, with a little deflation our savings would be a little more valuable every year without us having to launder our money through the financial system and get clipped every year for the privilege. And with higher interest rates it would be easier to support ourselves in retirement. Aren’t these worthy goals?

By having a little inflation, it forces all savers to pay fees and taxes, even when we are not earning any real return. That keeps millions of people well paid in our banks and mutual funds, and allows more govt spending.

The older I get, the more I find myself subscribing to the theory that our standard economic prescriptions are cynical schemes that use political power to take from one group of people and give to another, with a little economic logic to act as a fig leaf. We are fed doom and gloom about the dangers of deflation, decorated with Great Depression and Japan stories. “Don’t even think about it”. I’d like to think about it, and I am not immediately convinced that true price stability (without long term bias to inflation or deflation) wouldn’t be a lot better for our society in the aggregate, even if it’s much worse for the money management world and spending politicians.[/quote]

Absolutely agree with you, patientrenter.

[Ren]

[quote=CA renter]Ren,

Thank you very much for your kind post! 🙂 It’s admirable for you to point these things out, and stick up for other people. Thank you!
[/quote]

Any time. That’s me, champion of the innocent 🙂

sdr, times have changed. Maybe the bears attacked you at the beginning, but everyone here has learned a lot since then. Your opinions are now not far off from many of the bears here, so I don’t think there’s much to protect yourself from these days.

[Ren]

[quote=CA renter]Ren,

Thank you very much for your kind post! 🙂 It’s admirable for you to point these things out, and stick up for other people. Thank you!
[/quote]

Any time. That’s me, champion of the innocent 🙂

sdr, times have changed. Maybe the bears attacked you at the beginning, but everyone here has learned a lot since then. Your opinions are now not far off from many of the bears here, so I don’t think there’s much to protect yourself from these days.

[Ren]

[quote=CA renter]Ren,

Thank you very much for your kind post! 🙂 It’s admirable for you to point these things out, and stick up for other people. Thank you!
[/quote]

Any time. That’s me, champion of the innocent 🙂

sdr, times have changed. Maybe the bears attacked you at the beginning, but everyone here has learned a lot since then. Your opinions are now not far off from many of the bears here, so I don’t think there’s much to protect yourself from these days.

[Ren]

[quote=CA renter]Ren,

Thank you very much for your kind post! 🙂 It’s admirable for you to point these things out, and stick up for other people. Thank you!
[/quote]

Any time. That’s me, champion of the innocent 🙂

sdr, times have changed. Maybe the bears attacked you at the beginning, but everyone here has learned a lot since then. Your opinions are now not far off from many of the bears here, so I don’t think there’s much to protect yourself from these days.

[Author]

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