[AK]

And if you’re going with an assumable loan (I think that applies to most FHA and VA loans), buying down that rate may enhance your future resale value.

[AK]

I’m glad to hear that some people are having luck with short sales … maybe it’s just the astonishing underwater-ness of the area I’m looking in, or the particular subprime lenders that I’m working with. Or maybe I’m just running into the wrong listing agents 🙂

I do curse the “experts” who advised prospective short sellers to let their houses go to crap in order to lower its perceived value, e.g. don’t mow the lawn, don’t paint the trim, let the fungus take over the shower, don’t worry about those critters munching on your framing, etc. One way or another we’ll all be paying the price for that sort of “advice.”

[AK]

I’m glad to hear that some people are having luck with short sales … maybe it’s just the astonishing underwater-ness of the area I’m looking in, or the particular subprime lenders that I’m working with. Or maybe I’m just running into the wrong listing agents 🙂

I do curse the “experts” who advised prospective short sellers to let their houses go to crap in order to lower its perceived value, e.g. don’t mow the lawn, don’t paint the trim, let the fungus take over the shower, don’t worry about those critters munching on your framing, etc. One way or another we’ll all be paying the price for that sort of “advice.”

[AK]

I’m glad to hear that some people are having luck with short sales … maybe it’s just the astonishing underwater-ness of the area I’m looking in, or the particular subprime lenders that I’m working with. Or maybe I’m just running into the wrong listing agents 🙂

I do curse the “experts” who advised prospective short sellers to let their houses go to crap in order to lower its perceived value, e.g. don’t mow the lawn, don’t paint the trim, let the fungus take over the shower, don’t worry about those critters munching on your framing, etc. One way or another we’ll all be paying the price for that sort of “advice.”

[AK]

I’m glad to hear that some people are having luck with short sales … maybe it’s just the astonishing underwater-ness of the area I’m looking in, or the particular subprime lenders that I’m working with. Or maybe I’m just running into the wrong listing agents 🙂

I do curse the “experts” who advised prospective short sellers to let their houses go to crap in order to lower its perceived value, e.g. don’t mow the lawn, don’t paint the trim, let the fungus take over the shower, don’t worry about those critters munching on your framing, etc. One way or another we’ll all be paying the price for that sort of “advice.”

[AK]

I’m glad to hear that some people are having luck with short sales … maybe it’s just the astonishing underwater-ness of the area I’m looking in, or the particular subprime lenders that I’m working with. Or maybe I’m just running into the wrong listing agents 🙂

I do curse the “experts” who advised prospective short sellers to let their houses go to crap in order to lower its perceived value, e.g. don’t mow the lawn, don’t paint the trim, let the fungus take over the shower, don’t worry about those critters munching on your framing, etc. One way or another we’ll all be paying the price for that sort of “advice.”

[AK]

Perhaps loan mod and short sale *attempts* are taking place …

I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

#1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

#2 went pending months ago at $300K. Back on market supposedly approved at $360K …

#3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

#4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

Stuff like this makes me want to say …

I … HATE … REAL … ESTATE!!!!!! 🙂

[AK]

Perhaps loan mod and short sale *attempts* are taking place …

I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

#1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

#2 went pending months ago at $300K. Back on market supposedly approved at $360K …

#3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

#4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

Stuff like this makes me want to say …

I … HATE … REAL … ESTATE!!!!!! 🙂

[AK]

Perhaps loan mod and short sale *attempts* are taking place …

I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

#1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

#2 went pending months ago at $300K. Back on market supposedly approved at $360K …

#3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

#4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

Stuff like this makes me want to say …

I … HATE … REAL … ESTATE!!!!!! 🙂

[AK]

Perhaps loan mod and short sale *attempts* are taking place …

I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

#1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

#2 went pending months ago at $300K. Back on market supposedly approved at $360K …

#3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

#4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

Stuff like this makes me want to say …

I … HATE … REAL … ESTATE!!!!!! 🙂

[AK]

Perhaps loan mod and short sale *attempts* are taking place …

I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

#1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

#2 went pending months ago at $300K. Back on market supposedly approved at $360K …

#3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

#4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

Stuff like this makes me want to say …

I … HATE … REAL … ESTATE!!!!!! 🙂

[AK]

Yet Krugman says we’re not spending enough.

[AK]

Yet Krugman says we’re not spending enough.

[AK]

Yet Krugman says we’re not spending enough.

[AK]

Yet Krugman says we’re not spending enough.

[Author]

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