[bsrsharma]

I don’t think either candidate is really conservative or liberal under any definition. They are tweaking their positions to win. Look at McCain’s position on immigration (for amnesty, before against amnesty, before for amnesty), economy (against taxcuts, before for taxcuts, before against taxcuts) etc., Both would do Kerry “I voted for it, before I voted against it” proud.

[bsrsharma]

NYT has a nice series of articles on the collapse of the debt bubble:

Uncomfortable Answers to Questions on the Economy

Is America Too Big to Fail?

The Great Divide of Borrowing

[bsrsharma]

NYT has a nice series of articles on the collapse of the debt bubble:

Uncomfortable Answers to Questions on the Economy

Is America Too Big to Fail?

The Great Divide of Borrowing

[bsrsharma]

NYT has a nice series of articles on the collapse of the debt bubble:

Uncomfortable Answers to Questions on the Economy

Is America Too Big to Fail?

The Great Divide of Borrowing

[bsrsharma]

NYT has a nice series of articles on the collapse of the debt bubble:

Uncomfortable Answers to Questions on the Economy

Is America Too Big to Fail?

The Great Divide of Borrowing

[bsrsharma]

NYT has a nice series of articles on the collapse of the debt bubble:

Uncomfortable Answers to Questions on the Economy

Is America Too Big to Fail?

The Great Divide of Borrowing

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[Author]

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