[aldante]

SD Realtor,
I do not understand why it is such a stretch. The banks are working on loan modifications based on this bailout….part of the package is to reduce the principle amount.

The program’s goal is to reduce monthly payments – including taxes and association fees – to 38% of homeowners’ gross income via a combination of:

Lower mortgage rates.
Reduced principal amount.
Extended term (or duration) of loans
Some combination of the above.

So you pay 535k for a property try to sell for 598k 1 month later and if some sucker does not buy your property uncle sam will. I guess that is what I mean.

Thanks

[aldante]

SD Realtor,
I do not understand why it is such a stretch. The banks are working on loan modifications based on this bailout….part of the package is to reduce the principle amount.

The program’s goal is to reduce monthly payments – including taxes and association fees – to 38% of homeowners’ gross income via a combination of:

Lower mortgage rates.
Reduced principal amount.
Extended term (or duration) of loans
Some combination of the above.

So you pay 535k for a property try to sell for 598k 1 month later and if some sucker does not buy your property uncle sam will. I guess that is what I mean.

Thanks

[aldante]

SD Realtor,
I do not understand why it is such a stretch. The banks are working on loan modifications based on this bailout….part of the package is to reduce the principle amount.

The program’s goal is to reduce monthly payments – including taxes and association fees – to 38% of homeowners’ gross income via a combination of:

Lower mortgage rates.
Reduced principal amount.
Extended term (or duration) of loans
Some combination of the above.

So you pay 535k for a property try to sell for 598k 1 month later and if some sucker does not buy your property uncle sam will. I guess that is what I mean.

Thanks

[aldante]

Sd Realtor,
Thanks for the response and putting this in perspective. I guess what I meant by this post is not that the original leanders were bailed out. What I meant was the the new buyer obviously purchased this home with the sole purpose of flipping it for 12% in a one month period. Would they be willing to do that if this bailout had not materialized?? I doubt it. I was under the impression that if it did not work out they would be asking the bank for a bailout. I did not know that they put down that much. That makes it a pretty ballsy move or just a minor move for a really weathly person.
Thank you.

[aldante]

Sd Realtor,
Thanks for the response and putting this in perspective. I guess what I meant by this post is not that the original leanders were bailed out. What I meant was the the new buyer obviously purchased this home with the sole purpose of flipping it for 12% in a one month period. Would they be willing to do that if this bailout had not materialized?? I doubt it. I was under the impression that if it did not work out they would be asking the bank for a bailout. I did not know that they put down that much. That makes it a pretty ballsy move or just a minor move for a really weathly person.
Thank you.

[aldante]

Sd Realtor,
Thanks for the response and putting this in perspective. I guess what I meant by this post is not that the original leanders were bailed out. What I meant was the the new buyer obviously purchased this home with the sole purpose of flipping it for 12% in a one month period. Would they be willing to do that if this bailout had not materialized?? I doubt it. I was under the impression that if it did not work out they would be asking the bank for a bailout. I did not know that they put down that much. That makes it a pretty ballsy move or just a minor move for a really weathly person.
Thank you.

[aldante]

Sd Realtor,
Thanks for the response and putting this in perspective. I guess what I meant by this post is not that the original leanders were bailed out. What I meant was the the new buyer obviously purchased this home with the sole purpose of flipping it for 12% in a one month period. Would they be willing to do that if this bailout had not materialized?? I doubt it. I was under the impression that if it did not work out they would be asking the bank for a bailout. I did not know that they put down that much. That makes it a pretty ballsy move or just a minor move for a really weathly person.
Thank you.

[aldante]

Sd Realtor,
Thanks for the response and putting this in perspective. I guess what I meant by this post is not that the original leanders were bailed out. What I meant was the the new buyer obviously purchased this home with the sole purpose of flipping it for 12% in a one month period. Would they be willing to do that if this bailout had not materialized?? I doubt it. I was under the impression that if it did not work out they would be asking the bank for a bailout. I did not know that they put down that much. That makes it a pretty ballsy move or just a minor move for a really weathly person.
Thank you.

[aldante]

Thank you for this post

[aldante]

Thank you for this post

[aldante]

Thank you for this post

[aldante]

Thank you for this post

[aldante]

Thank you for this post

[aldante]

Bulls***T

They must think we are idiots. IRAN nukeing us????? Give me a break………………..

[aldante]

Bulls***T

They must think we are idiots. IRAN nukeing us????? Give me a break………………..

[Author]

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