[1stimebuy]

Insurance companies getting worried about their existence? I hear in Germany, they are prohibited from making any profit (that’s right, 0 profit) but they still do business.

Don’t be afraid of doom scenario – because it can’t possibly be worse than this.

I wish republicans played a more constructive role in these debates – like limiting coverage exploits and excessive malpractice lawsuits… but they stopped being a responsible party long ago. it’s a shame.

[1stimebuy]

Insurance companies getting worried about their existence? I hear in Germany, they are prohibited from making any profit (that’s right, 0 profit) but they still do business.

Don’t be afraid of doom scenario – because it can’t possibly be worse than this.

I wish republicans played a more constructive role in these debates – like limiting coverage exploits and excessive malpractice lawsuits… but they stopped being a responsible party long ago. it’s a shame.

[1stimebuy]

Insurance companies getting worried about their existence? I hear in Germany, they are prohibited from making any profit (that’s right, 0 profit) but they still do business.

Don’t be afraid of doom scenario – because it can’t possibly be worse than this.

I wish republicans played a more constructive role in these debates – like limiting coverage exploits and excessive malpractice lawsuits… but they stopped being a responsible party long ago. it’s a shame.

[1stimebuy]

Insurance companies getting worried about their existence? I hear in Germany, they are prohibited from making any profit (that’s right, 0 profit) but they still do business.

Don’t be afraid of doom scenario – because it can’t possibly be worse than this.

I wish republicans played a more constructive role in these debates – like limiting coverage exploits and excessive malpractice lawsuits… but they stopped being a responsible party long ago. it’s a shame.

[1stimebuy]

Insurance companies getting worried about their existence? I hear in Germany, they are prohibited from making any profit (that’s right, 0 profit) but they still do business.

Don’t be afraid of doom scenario – because it can’t possibly be worse than this.

I wish republicans played a more constructive role in these debates – like limiting coverage exploits and excessive malpractice lawsuits… but they stopped being a responsible party long ago. it’s a shame.

[1stimebuy]

Are you sure the current overhead is 60%? It’s much higher than 30% which I heard…

And 30% is also still high. Let the insurance companies raise rates – it’ll only pave way for socialized medicine. (which I want) In my opinion, they still make too much money with too much waste – it’s not really efficient system.

don’t get me wrong – I have the most generous insurance from my company, according to the hospitals I visit, and it’ll cost me thousands to buy premiums myself.

But comparing my experience with the level of health care I received back in Korea, this American system is broken. And Korea is not really a top tier country, much more incompetent than the US gov’t – yet they can provide much better service, at much lower cost, to virtually everyone. I think America can do so much better than this.

Anyone who’s been outside US knows this – single payer system is nothing to be feared about and ANY alternative to current U.S. insurance companies would be better.

[1stimebuy]

Are you sure the current overhead is 60%? It’s much higher than 30% which I heard…

And 30% is also still high. Let the insurance companies raise rates – it’ll only pave way for socialized medicine. (which I want) In my opinion, they still make too much money with too much waste – it’s not really efficient system.

don’t get me wrong – I have the most generous insurance from my company, according to the hospitals I visit, and it’ll cost me thousands to buy premiums myself.

But comparing my experience with the level of health care I received back in Korea, this American system is broken. And Korea is not really a top tier country, much more incompetent than the US gov’t – yet they can provide much better service, at much lower cost, to virtually everyone. I think America can do so much better than this.

Anyone who’s been outside US knows this – single payer system is nothing to be feared about and ANY alternative to current U.S. insurance companies would be better.

[1stimebuy]

Are you sure the current overhead is 60%? It’s much higher than 30% which I heard…

And 30% is also still high. Let the insurance companies raise rates – it’ll only pave way for socialized medicine. (which I want) In my opinion, they still make too much money with too much waste – it’s not really efficient system.

don’t get me wrong – I have the most generous insurance from my company, according to the hospitals I visit, and it’ll cost me thousands to buy premiums myself.

But comparing my experience with the level of health care I received back in Korea, this American system is broken. And Korea is not really a top tier country, much more incompetent than the US gov’t – yet they can provide much better service, at much lower cost, to virtually everyone. I think America can do so much better than this.

Anyone who’s been outside US knows this – single payer system is nothing to be feared about and ANY alternative to current U.S. insurance companies would be better.

[1stimebuy]

Are you sure the current overhead is 60%? It’s much higher than 30% which I heard…

And 30% is also still high. Let the insurance companies raise rates – it’ll only pave way for socialized medicine. (which I want) In my opinion, they still make too much money with too much waste – it’s not really efficient system.

don’t get me wrong – I have the most generous insurance from my company, according to the hospitals I visit, and it’ll cost me thousands to buy premiums myself.

But comparing my experience with the level of health care I received back in Korea, this American system is broken. And Korea is not really a top tier country, much more incompetent than the US gov’t – yet they can provide much better service, at much lower cost, to virtually everyone. I think America can do so much better than this.

Anyone who’s been outside US knows this – single payer system is nothing to be feared about and ANY alternative to current U.S. insurance companies would be better.

[1stimebuy]

Are you sure the current overhead is 60%? It’s much higher than 30% which I heard…

And 30% is also still high. Let the insurance companies raise rates – it’ll only pave way for socialized medicine. (which I want) In my opinion, they still make too much money with too much waste – it’s not really efficient system.

don’t get me wrong – I have the most generous insurance from my company, according to the hospitals I visit, and it’ll cost me thousands to buy premiums myself.

But comparing my experience with the level of health care I received back in Korea, this American system is broken. And Korea is not really a top tier country, much more incompetent than the US gov’t – yet they can provide much better service, at much lower cost, to virtually everyone. I think America can do so much better than this.

Anyone who’s been outside US knows this – single payer system is nothing to be feared about and ANY alternative to current U.S. insurance companies would be better.

[1stimebuy]

I have placed 2 offers (and lost)… and came to following conclusion.

Important thing is that you like the property first.

* There is no negotiation – You put in your best & final offer the first time

* Do basic stuff – pre-approval letter or cash offers, no strings attached.

* Forget your own buyer’s agent, and go with the REO listing agent. If the house is good, you’ll be in multiple offer situation, and it’ll increase your chances, plus you do not have to worry if your offer’s forwarded to the bank or not!

* If you insist on your own agent, then he needs to be good with REO transactions. Then again, you wouldn’t be asking it here…

* Be prepared to get some repair bills – 3K & up is minimum I think.

As for the price – it depends on area & how long it’s been on the market. (disclaimer: I’m not a professional but just a prospective buyer)

Listing price seems to get reduced about 5% every 2 weeks of market time. Just my observation. Plus it’s a sellers market – so I wouldn’t expect 20% off unless the property is really ugly.

If the price is significantly below market price, and it just came out, then I would add 15k over asking.

Foreclosure radar or realtytrac shows the loan amount – but I read from internet that it has no bearing in the bank’s decision. They will sell at fair market price, or more if possible, but not that much lower.

[1stimebuy]

I have placed 2 offers (and lost)… and came to following conclusion.

Important thing is that you like the property first.

* There is no negotiation – You put in your best & final offer the first time

* Do basic stuff – pre-approval letter or cash offers, no strings attached.

* Forget your own buyer’s agent, and go with the REO listing agent. If the house is good, you’ll be in multiple offer situation, and it’ll increase your chances, plus you do not have to worry if your offer’s forwarded to the bank or not!

* If you insist on your own agent, then he needs to be good with REO transactions. Then again, you wouldn’t be asking it here…

* Be prepared to get some repair bills – 3K & up is minimum I think.

As for the price – it depends on area & how long it’s been on the market. (disclaimer: I’m not a professional but just a prospective buyer)

Listing price seems to get reduced about 5% every 2 weeks of market time. Just my observation. Plus it’s a sellers market – so I wouldn’t expect 20% off unless the property is really ugly.

If the price is significantly below market price, and it just came out, then I would add 15k over asking.

Foreclosure radar or realtytrac shows the loan amount – but I read from internet that it has no bearing in the bank’s decision. They will sell at fair market price, or more if possible, but not that much lower.

[1stimebuy]

I have placed 2 offers (and lost)… and came to following conclusion.

Important thing is that you like the property first.

* There is no negotiation – You put in your best & final offer the first time

* Do basic stuff – pre-approval letter or cash offers, no strings attached.

* Forget your own buyer’s agent, and go with the REO listing agent. If the house is good, you’ll be in multiple offer situation, and it’ll increase your chances, plus you do not have to worry if your offer’s forwarded to the bank or not!

* If you insist on your own agent, then he needs to be good with REO transactions. Then again, you wouldn’t be asking it here…

* Be prepared to get some repair bills – 3K & up is minimum I think.

As for the price – it depends on area & how long it’s been on the market. (disclaimer: I’m not a professional but just a prospective buyer)

Listing price seems to get reduced about 5% every 2 weeks of market time. Just my observation. Plus it’s a sellers market – so I wouldn’t expect 20% off unless the property is really ugly.

If the price is significantly below market price, and it just came out, then I would add 15k over asking.

Foreclosure radar or realtytrac shows the loan amount – but I read from internet that it has no bearing in the bank’s decision. They will sell at fair market price, or more if possible, but not that much lower.

[1stimebuy]

I have placed 2 offers (and lost)… and came to following conclusion.

Important thing is that you like the property first.

* There is no negotiation – You put in your best & final offer the first time

* Do basic stuff – pre-approval letter or cash offers, no strings attached.

* Forget your own buyer’s agent, and go with the REO listing agent. If the house is good, you’ll be in multiple offer situation, and it’ll increase your chances, plus you do not have to worry if your offer’s forwarded to the bank or not!

* If you insist on your own agent, then he needs to be good with REO transactions. Then again, you wouldn’t be asking it here…

* Be prepared to get some repair bills – 3K & up is minimum I think.

As for the price – it depends on area & how long it’s been on the market. (disclaimer: I’m not a professional but just a prospective buyer)

Listing price seems to get reduced about 5% every 2 weeks of market time. Just my observation. Plus it’s a sellers market – so I wouldn’t expect 20% off unless the property is really ugly.

If the price is significantly below market price, and it just came out, then I would add 15k over asking.

Foreclosure radar or realtytrac shows the loan amount – but I read from internet that it has no bearing in the bank’s decision. They will sell at fair market price, or more if possible, but not that much lower.

[1stimebuy]

I have placed 2 offers (and lost)… and came to following conclusion.

Important thing is that you like the property first.

* There is no negotiation – You put in your best & final offer the first time

* Do basic stuff – pre-approval letter or cash offers, no strings attached.

* Forget your own buyer’s agent, and go with the REO listing agent. If the house is good, you’ll be in multiple offer situation, and it’ll increase your chances, plus you do not have to worry if your offer’s forwarded to the bank or not!

* If you insist on your own agent, then he needs to be good with REO transactions. Then again, you wouldn’t be asking it here…

* Be prepared to get some repair bills – 3K & up is minimum I think.

As for the price – it depends on area & how long it’s been on the market. (disclaimer: I’m not a professional but just a prospective buyer)

Listing price seems to get reduced about 5% every 2 weeks of market time. Just my observation. Plus it’s a sellers market – so I wouldn’t expect 20% off unless the property is really ugly.

If the price is significantly below market price, and it just came out, then I would add 15k over asking.

Foreclosure radar or realtytrac shows the loan amount – but I read from internet that it has no bearing in the bank’s decision. They will sell at fair market price, or more if possible, but not that much lower.

[Author]

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