Forum Replies Created
-
AuthorPosts
-
Critter
ParticipantCheck out the About section on that website:
About
This is an example of a WordPress page, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many pages like this one or sub-pages as you like and manage all of your content inside of WordPress.
No offense, but a generic “fill in the blank” page which hasn’t been populated with data says these two are pretty unprofessional. ESPECIALLY the about page – this is where people make decisions as far as how much experience and know-how the business has.
Would I hire these two to help me make the biggest financial decision in my life? Not a chance.
Oh and their condo conversion advice is moronic also.
ParticipantI saw the link, no photo and a bunch of mumbo-jumbo about how to present an offer including, “don’t discuss short sale with owner.”
4 bdrm, 3 bath, 2016 sq feet in Carlsbad for $470K – a good start.
ParticipantUrk? Disgrunteled? We’ll open our eyes and ears if you open a dictionary.
And what’s all this nonsense about working for the man? That is so 1970s.
ParticipantRe: gross commissions, I have had agents (who were protesting they didn’t make as much as it seemed) tell me that they had to hand over between 20 – 50% of their gross to the firms they represented – for example, Coldwell Banker, Prudential, and Willis Allen.
SD R, other agents or those in the know, and sdr, care to comment if this is so?
ParticipantMy dopey complaint: SDA’s comments which add nothing but angst to the discussion. I know SDA has good info to add regarding the appraisal process… how about it, SDA? Can you keep your input onto information worth sharing instead of comments on how dopey we are?
ParticipantCawireman – The first time I read your name, I read it really fast and thought you were Catwoman!
Good meeting you and everyone else – especially Rich. Lindismith, we missed you, but thanks for setting this up.
I want to see Green Acres!
ParticipantComparing Serin to a rodent is not being fair to the rodent, but I get your point. “Back in the day” (five years or more ago) we had to have 20% down, six months of reserves, a year’s worth of paycheck stubs or other verification of income, etc. All this was not to make homebuying impossible, but to see a pattern of financial prudence which would indicate the borrower had shown the ability to save and would be capable to pay back the loan.
This is what happens when lending standards turn into elastic – anyone who “thinks he can” is able to get a loan, and there are no checks and balances to put the brakes on wishful thinking.
This is also the danger behind “it’s all good, take a chance, believe in yourself” BS gurus like Rich Kiyosaki and Tony Robbins. They don’t encourage due diligence, just a wave of the magic wand to make everything happen because you believe it will all turn out well.
Positive thinking is not the same as positive action and being able to take a step back when things don’t turn out as planned – instead of continuing to think “real estate entrepreuner” is still a viable goal.
I still think Serin is a nutcase.
ParticipantCasey (aka Snowflake) is an addict. He is addicted to thinking of himself as an entrepreneur, to the point that he ignores every single indicator that he is a failure at business.
Similar to a crackhead, he keeps going to the crack dealer (loan officer, banks, CashCall)… the only thing that will stop him is when the they cut him off (which they are doing) and/or when he ends up in prison.
There is a complete disconnect between him and reality. Getting a ticket for speeding and ending up in prison for fraud are about as alike as taking a walk and running a marathon.
ParticipantNew word – tsunARMi – good thought process above, vehicle code guy!
ParticipantIt was obvious in 2000 that 1996 was a very good year to have bought.
Seriously – properties opened up to me in 1995 that weren’t possible a couple of years previously. I took a chance that things could get lower but in retrospect, anything within a two year spread was a good time to buy.
ParticipantWow – with this guaranteed renter, you’d only be underwater by a grand or so every month. And one-bdrm condos have such great resale value.
ParticipantYOU might rip up the fake note, but the previous owner may hang onto his copy and hold you responsible for it – or threaten to take you to court for fraud if you don’t pay him. I wouldn’t be surprised if he and the loan officer are in collusion.
As others have noted, the loan officer should be fired and kept from spreading his “creative financing” ideas to others. I would run from him – what he is suggesting is clearly fraud and he should be tarred and feathered if not indicted.
BTW, when it gets this twisted to buy a house, it is a big indicator that you should continue renting. If you would like to sleep at night and not fear opening the mailbox or answering the phone, I suggest you stay away from these schemes.
I think your heart is in the right place – since you are opening yourself up to opinions by posting these questions. Good for you for having the guts to ask in the first place.
ParticipantI disagree about Liarrheah’s job function. He is the chief economist of the NAR – not the chief marketing officer. He is tasked with telling the truth regarding the financial aspect of real estate, NOT talking it up rain or shine.
He has done a miserable job and his reputation, along with NAR in general, is suffering as a result. I doubt this is what he is being paid to do – being treated as a leper because his advice is so tainted.
Good point about the journalists – their job is to “afflict the comforted, and comfort the afflicted.” NOT parrot the party line!
ParticipantLimo 888-
Thanks for providing the sample letter and the links. The more noise we make, the more we will get heard, and you taking the time to give us a template makes it very easy to make a stink.
-
AuthorPosts