[Bugs]

I think the main thing that has caught me by surprise has been the relative ease with which these lenders have given up over the last few months. I fully expected them to put up more of a fight.

It’s clear that these portions of the market are being dominated and driven by expectations of the lenders. In addition to pricing the REOs, which set the pace for the decline, they also control the pricing on the short sales. A short sale can’t go any lower than it’s lender will allow it to go.

Right now, the REOs and shorts comprise fully 70% of a few of these markets, and I expect that trend to spread. They’re completely in the driver’s seat and everyone else is just along for the ride.

[Bugs]

I think the main thing that has caught me by surprise has been the relative ease with which these lenders have given up over the last few months. I fully expected them to put up more of a fight.

It’s clear that these portions of the market are being dominated and driven by expectations of the lenders. In addition to pricing the REOs, which set the pace for the decline, they also control the pricing on the short sales. A short sale can’t go any lower than it’s lender will allow it to go.

Right now, the REOs and shorts comprise fully 70% of a few of these markets, and I expect that trend to spread. They’re completely in the driver’s seat and everyone else is just along for the ride.

[Bugs]

I think the main thing that has caught me by surprise has been the relative ease with which these lenders have given up over the last few months. I fully expected them to put up more of a fight.

It’s clear that these portions of the market are being dominated and driven by expectations of the lenders. In addition to pricing the REOs, which set the pace for the decline, they also control the pricing on the short sales. A short sale can’t go any lower than it’s lender will allow it to go.

Right now, the REOs and shorts comprise fully 70% of a few of these markets, and I expect that trend to spread. They’re completely in the driver’s seat and everyone else is just along for the ride.

[Bugs]

I think the main thing that has caught me by surprise has been the relative ease with which these lenders have given up over the last few months. I fully expected them to put up more of a fight.

It’s clear that these portions of the market are being dominated and driven by expectations of the lenders. In addition to pricing the REOs, which set the pace for the decline, they also control the pricing on the short sales. A short sale can’t go any lower than it’s lender will allow it to go.

Right now, the REOs and shorts comprise fully 70% of a few of these markets, and I expect that trend to spread. They’re completely in the driver’s seat and everyone else is just along for the ride.

[Bugs]

I think the main thing that has caught me by surprise has been the relative ease with which these lenders have given up over the last few months. I fully expected them to put up more of a fight.

It’s clear that these portions of the market are being dominated and driven by expectations of the lenders. In addition to pricing the REOs, which set the pace for the decline, they also control the pricing on the short sales. A short sale can’t go any lower than it’s lender will allow it to go.

Right now, the REOs and shorts comprise fully 70% of a few of these markets, and I expect that trend to spread. They’re completely in the driver’s seat and everyone else is just along for the ride.

[Bugs]

The builder had a construction defect that was covered under their warranty, and they are honoring the terms of that warranty. I think that asking for cash above and beyond your contractual agreements is unseemly at best.

This was an accident, a fluke. If the damage is adequately repaired then there’s no reason for anyone to think this can ever happen again because of this accident.

The one thing I would suggest is that you persuade the company to pay for a home inspection by an outside home inspector of your choice. Look around until you can find one that has some expertise with the infrared scopes. They can use the infrared to “look” through the walls and floor coverings to see if there are any remaining areas of moisture. If there are going to be any further complications from this accident, it’ll probably be moisture-related.

Such an inspection is not expensive and given the circumstances the builder will probably be happy to cooperate. If they don’t pay for the inspection, get one anyways and considered it a small price to pay for your piece of mind.

[Bugs]

The builder had a construction defect that was covered under their warranty, and they are honoring the terms of that warranty. I think that asking for cash above and beyond your contractual agreements is unseemly at best.

This was an accident, a fluke. If the damage is adequately repaired then there’s no reason for anyone to think this can ever happen again because of this accident.

The one thing I would suggest is that you persuade the company to pay for a home inspection by an outside home inspector of your choice. Look around until you can find one that has some expertise with the infrared scopes. They can use the infrared to “look” through the walls and floor coverings to see if there are any remaining areas of moisture. If there are going to be any further complications from this accident, it’ll probably be moisture-related.

Such an inspection is not expensive and given the circumstances the builder will probably be happy to cooperate. If they don’t pay for the inspection, get one anyways and considered it a small price to pay for your piece of mind.

[Bugs]

The builder had a construction defect that was covered under their warranty, and they are honoring the terms of that warranty. I think that asking for cash above and beyond your contractual agreements is unseemly at best.

This was an accident, a fluke. If the damage is adequately repaired then there’s no reason for anyone to think this can ever happen again because of this accident.

The one thing I would suggest is that you persuade the company to pay for a home inspection by an outside home inspector of your choice. Look around until you can find one that has some expertise with the infrared scopes. They can use the infrared to “look” through the walls and floor coverings to see if there are any remaining areas of moisture. If there are going to be any further complications from this accident, it’ll probably be moisture-related.

Such an inspection is not expensive and given the circumstances the builder will probably be happy to cooperate. If they don’t pay for the inspection, get one anyways and considered it a small price to pay for your piece of mind.

[Bugs]

The builder had a construction defect that was covered under their warranty, and they are honoring the terms of that warranty. I think that asking for cash above and beyond your contractual agreements is unseemly at best.

This was an accident, a fluke. If the damage is adequately repaired then there’s no reason for anyone to think this can ever happen again because of this accident.

The one thing I would suggest is that you persuade the company to pay for a home inspection by an outside home inspector of your choice. Look around until you can find one that has some expertise with the infrared scopes. They can use the infrared to “look” through the walls and floor coverings to see if there are any remaining areas of moisture. If there are going to be any further complications from this accident, it’ll probably be moisture-related.

Such an inspection is not expensive and given the circumstances the builder will probably be happy to cooperate. If they don’t pay for the inspection, get one anyways and considered it a small price to pay for your piece of mind.

[Bugs]

The builder had a construction defect that was covered under their warranty, and they are honoring the terms of that warranty. I think that asking for cash above and beyond your contractual agreements is unseemly at best.

This was an accident, a fluke. If the damage is adequately repaired then there’s no reason for anyone to think this can ever happen again because of this accident.

The one thing I would suggest is that you persuade the company to pay for a home inspection by an outside home inspector of your choice. Look around until you can find one that has some expertise with the infrared scopes. They can use the infrared to “look” through the walls and floor coverings to see if there are any remaining areas of moisture. If there are going to be any further complications from this accident, it’ll probably be moisture-related.

Such an inspection is not expensive and given the circumstances the builder will probably be happy to cooperate. If they don’t pay for the inspection, get one anyways and considered it a small price to pay for your piece of mind.

[Bugs]

I was reading on one of the mortgage broker blogs a few weeks back, and you wouldn’t believe some of the stories that are going around about how hard it is for some of these people to get new jobs.

A couple of them noted that despite sending out hundreds of resumes they couldn’t even get interviews for the $10/hour jobs. According to them nobody wants to hire a former mortgage broker right now. Part of it is the fear that they’ll leave for greener pastures the first chance they get and part of it is that people don’t trust them.

[Bugs]

I was reading on one of the mortgage broker blogs a few weeks back, and you wouldn’t believe some of the stories that are going around about how hard it is for some of these people to get new jobs.

A couple of them noted that despite sending out hundreds of resumes they couldn’t even get interviews for the $10/hour jobs. According to them nobody wants to hire a former mortgage broker right now. Part of it is the fear that they’ll leave for greener pastures the first chance they get and part of it is that people don’t trust them.

[Bugs]

I was reading on one of the mortgage broker blogs a few weeks back, and you wouldn’t believe some of the stories that are going around about how hard it is for some of these people to get new jobs.

A couple of them noted that despite sending out hundreds of resumes they couldn’t even get interviews for the $10/hour jobs. According to them nobody wants to hire a former mortgage broker right now. Part of it is the fear that they’ll leave for greener pastures the first chance they get and part of it is that people don’t trust them.

[Bugs]

I was reading on one of the mortgage broker blogs a few weeks back, and you wouldn’t believe some of the stories that are going around about how hard it is for some of these people to get new jobs.

A couple of them noted that despite sending out hundreds of resumes they couldn’t even get interviews for the $10/hour jobs. According to them nobody wants to hire a former mortgage broker right now. Part of it is the fear that they’ll leave for greener pastures the first chance they get and part of it is that people don’t trust them.

[Bugs]

I was reading on one of the mortgage broker blogs a few weeks back, and you wouldn’t believe some of the stories that are going around about how hard it is for some of these people to get new jobs.

A couple of them noted that despite sending out hundreds of resumes they couldn’t even get interviews for the $10/hour jobs. According to them nobody wants to hire a former mortgage broker right now. Part of it is the fear that they’ll leave for greener pastures the first chance they get and part of it is that people don’t trust them.

[Author]

Posts