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SD Realtor.
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November 30, 2007 at 5:56 PM #106080November 30, 2007 at 6:09 PM #105938
sandiego
ParticipantThanks for the econ lesson CITYRENTER. Good thing you aren’t an economist becasue none of your assumptions is correct.
When your banker becomes your adversary and your competition it is time to rethink the relationship.
Refinancing is not the issue. I got a 10 year fixed @ 5.75% and still have 6 years on it. Why would I have chosen a 30 year at 6.25% (at the time)? How many people live in a condo for 30 years?
The bank didn’t loan ME anywhere near $1 million but they may have loaned 80% of that to several of my neighbors (using fradulent appraisals and very loose lending standards). Now they are “writing off” $200-$300k per unit by dumping these problem properties on the market and killing the comparible values.
I’ve decided that I may take a “writeoff” of my own.
November 30, 2007 at 6:09 PM #106031ParticipantThanks for the econ lesson CITYRENTER. Good thing you aren’t an economist becasue none of your assumptions is correct.
When your banker becomes your adversary and your competition it is time to rethink the relationship.
Refinancing is not the issue. I got a 10 year fixed @ 5.75% and still have 6 years on it. Why would I have chosen a 30 year at 6.25% (at the time)? How many people live in a condo for 30 years?
The bank didn’t loan ME anywhere near $1 million but they may have loaned 80% of that to several of my neighbors (using fradulent appraisals and very loose lending standards). Now they are “writing off” $200-$300k per unit by dumping these problem properties on the market and killing the comparible values.
I’ve decided that I may take a “writeoff” of my own.
November 30, 2007 at 6:09 PM #106064ParticipantThanks for the econ lesson CITYRENTER. Good thing you aren’t an economist becasue none of your assumptions is correct.
When your banker becomes your adversary and your competition it is time to rethink the relationship.
Refinancing is not the issue. I got a 10 year fixed @ 5.75% and still have 6 years on it. Why would I have chosen a 30 year at 6.25% (at the time)? How many people live in a condo for 30 years?
The bank didn’t loan ME anywhere near $1 million but they may have loaned 80% of that to several of my neighbors (using fradulent appraisals and very loose lending standards). Now they are “writing off” $200-$300k per unit by dumping these problem properties on the market and killing the comparible values.
I’ve decided that I may take a “writeoff” of my own.
November 30, 2007 at 6:09 PM #106073ParticipantThanks for the econ lesson CITYRENTER. Good thing you aren’t an economist becasue none of your assumptions is correct.
When your banker becomes your adversary and your competition it is time to rethink the relationship.
Refinancing is not the issue. I got a 10 year fixed @ 5.75% and still have 6 years on it. Why would I have chosen a 30 year at 6.25% (at the time)? How many people live in a condo for 30 years?
The bank didn’t loan ME anywhere near $1 million but they may have loaned 80% of that to several of my neighbors (using fradulent appraisals and very loose lending standards). Now they are “writing off” $200-$300k per unit by dumping these problem properties on the market and killing the comparible values.
I’ve decided that I may take a “writeoff” of my own.
November 30, 2007 at 6:09 PM #106090ParticipantThanks for the econ lesson CITYRENTER. Good thing you aren’t an economist becasue none of your assumptions is correct.
When your banker becomes your adversary and your competition it is time to rethink the relationship.
Refinancing is not the issue. I got a 10 year fixed @ 5.75% and still have 6 years on it. Why would I have chosen a 30 year at 6.25% (at the time)? How many people live in a condo for 30 years?
The bank didn’t loan ME anywhere near $1 million but they may have loaned 80% of that to several of my neighbors (using fradulent appraisals and very loose lending standards). Now they are “writing off” $200-$300k per unit by dumping these problem properties on the market and killing the comparible values.
I’ve decided that I may take a “writeoff” of my own.
November 30, 2007 at 6:15 PM #105943NotCranky
ParticipantChris your post is kind of vague are you referring to the OP , 4-plex’s link, both or something else?
November 30, 2007 at 6:15 PM #106036ParticipantChris your post is kind of vague are you referring to the OP , 4-plex’s link, both or something else?
November 30, 2007 at 6:15 PM #106069ParticipantChris your post is kind of vague are you referring to the OP , 4-plex’s link, both or something else?
November 30, 2007 at 6:15 PM #106078ParticipantChris your post is kind of vague are you referring to the OP , 4-plex’s link, both or something else?
November 30, 2007 at 6:15 PM #106095ParticipantChris your post is kind of vague are you referring to the OP , 4-plex’s link, both or something else?
November 30, 2007 at 6:28 PM #105948desmond
ParticipantThe right to eliminate any one ding from your credit report.
Now I haven’t thought through all implications…No you have not, what if they owed you the money? ding ding ding
November 30, 2007 at 6:28 PM #106041ParticipantThe right to eliminate any one ding from your credit report.
Now I haven’t thought through all implications…No you have not, what if they owed you the money? ding ding ding
November 30, 2007 at 6:28 PM #106074ParticipantThe right to eliminate any one ding from your credit report.
Now I haven’t thought through all implications…No you have not, what if they owed you the money? ding ding ding
November 30, 2007 at 6:28 PM #106083ParticipantThe right to eliminate any one ding from your credit report.
Now I haven’t thought through all implications…No you have not, what if they owed you the money? ding ding ding
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