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ParticipantIf it is an exception the bank owned will likely be thrown away as deficient by most buyers and all agents.
I had a chance to talk to a guy who purchased model match to a bank-owned that sold two months earlier for 20% less. He was confident that there is either something wrong with the house or with the transaction.
The listing agents I talked to shared the sentiment for the bank-owned houses. You bring up a bank-owned comp, they dismiss it as irrelevant.
Now, if you have one coming online every week that will cause a problem since your potential buyer would have a chance to go for that one instead of yours (obviously, they cannot purchase that one that is already in escrow).
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ParticipantIf it is an exception the bank owned will likely be thrown away as deficient by most buyers and all agents.
I had a chance to talk to a guy who purchased model match to a bank-owned that sold two months earlier for 20% less. He was confident that there is either something wrong with the house or with the transaction.
The listing agents I talked to shared the sentiment for the bank-owned houses. You bring up a bank-owned comp, they dismiss it as irrelevant.
Now, if you have one coming online every week that will cause a problem since your potential buyer would have a chance to go for that one instead of yours (obviously, they cannot purchase that one that is already in escrow).
all
ParticipantIf it is an exception the bank owned will likely be thrown away as deficient by most buyers and all agents.
I had a chance to talk to a guy who purchased model match to a bank-owned that sold two months earlier for 20% less. He was confident that there is either something wrong with the house or with the transaction.
The listing agents I talked to shared the sentiment for the bank-owned houses. You bring up a bank-owned comp, they dismiss it as irrelevant.
Now, if you have one coming online every week that will cause a problem since your potential buyer would have a chance to go for that one instead of yours (obviously, they cannot purchase that one that is already in escrow).
all
ParticipantIf it is an exception the bank owned will likely be thrown away as deficient by most buyers and all agents.
I had a chance to talk to a guy who purchased model match to a bank-owned that sold two months earlier for 20% less. He was confident that there is either something wrong with the house or with the transaction.
The listing agents I talked to shared the sentiment for the bank-owned houses. You bring up a bank-owned comp, they dismiss it as irrelevant.
Now, if you have one coming online every week that will cause a problem since your potential buyer would have a chance to go for that one instead of yours (obviously, they cannot purchase that one that is already in escrow).
September 11, 2010 at 10:34 PM in reply to: Question: For a refinance, what is the reasonable overlap between the two loans? #603909all
ParticipantNew lender wants to get paid as soon as they release the money to the escrow. The escrow won’t pass the money along to the current lender until after the new note records, which is usually on the next day. So, if the new loan closes on Monday and records on Tuesday you’ll pay interest for Monday and Tuesday to both the new and the old lender.
September 11, 2010 at 10:34 PM in reply to: Question: For a refinance, what is the reasonable overlap between the two loans? #603997all
ParticipantNew lender wants to get paid as soon as they release the money to the escrow. The escrow won’t pass the money along to the current lender until after the new note records, which is usually on the next day. So, if the new loan closes on Monday and records on Tuesday you’ll pay interest for Monday and Tuesday to both the new and the old lender.
September 11, 2010 at 10:34 PM in reply to: Question: For a refinance, what is the reasonable overlap between the two loans? #604546all
ParticipantNew lender wants to get paid as soon as they release the money to the escrow. The escrow won’t pass the money along to the current lender until after the new note records, which is usually on the next day. So, if the new loan closes on Monday and records on Tuesday you’ll pay interest for Monday and Tuesday to both the new and the old lender.
September 11, 2010 at 10:34 PM in reply to: Question: For a refinance, what is the reasonable overlap between the two loans? #604654all
ParticipantNew lender wants to get paid as soon as they release the money to the escrow. The escrow won’t pass the money along to the current lender until after the new note records, which is usually on the next day. So, if the new loan closes on Monday and records on Tuesday you’ll pay interest for Monday and Tuesday to both the new and the old lender.
September 11, 2010 at 10:34 PM in reply to: Question: For a refinance, what is the reasonable overlap between the two loans? #604970all
ParticipantNew lender wants to get paid as soon as they release the money to the escrow. The escrow won’t pass the money along to the current lender until after the new note records, which is usually on the next day. So, if the new loan closes on Monday and records on Tuesday you’ll pay interest for Monday and Tuesday to both the new and the old lender.
all
Participant[quote=deadzone]
Bigger picture, learing additonal languages here in U.S. is totally worthless if you don’t actually spend significant amount of time overseas actually using the language.[/quote]There is some value in being able to consume original literature. Books like Also sprach Zaratustra and Das Kapital or concepts like Dasein do not translate easily.
[Edit] Same for Rammstein lyrics.
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Participant[quote=deadzone]
Bigger picture, learing additonal languages here in U.S. is totally worthless if you don’t actually spend significant amount of time overseas actually using the language.[/quote]There is some value in being able to consume original literature. Books like Also sprach Zaratustra and Das Kapital or concepts like Dasein do not translate easily.
[Edit] Same for Rammstein lyrics.
all
Participant[quote=deadzone]
Bigger picture, learing additonal languages here in U.S. is totally worthless if you don’t actually spend significant amount of time overseas actually using the language.[/quote]There is some value in being able to consume original literature. Books like Also sprach Zaratustra and Das Kapital or concepts like Dasein do not translate easily.
[Edit] Same for Rammstein lyrics.
all
Participant[quote=deadzone]
Bigger picture, learing additonal languages here in U.S. is totally worthless if you don’t actually spend significant amount of time overseas actually using the language.[/quote]There is some value in being able to consume original literature. Books like Also sprach Zaratustra and Das Kapital or concepts like Dasein do not translate easily.
[Edit] Same for Rammstein lyrics.
all
Participant[quote=deadzone]
Bigger picture, learing additonal languages here in U.S. is totally worthless if you don’t actually spend significant amount of time overseas actually using the language.[/quote]There is some value in being able to consume original literature. Books like Also sprach Zaratustra and Das Kapital or concepts like Dasein do not translate easily.
[Edit] Same for Rammstein lyrics.
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