[Deal Hunter]

That’s not crazy. At least you are not going negative on your savings with dollar devaluation and inflation. Besides, ING is not FDIC insured, so keeping it under your mattress may be safer.

I had $14K in a TD Ameritrade savings account in June of 2005. I withdrew it and bought 2 vending machines and put them in an outdoor mall. I clear $650 a month. Doesn’t sound like much, but that’s a 56% annualized return on my $14K. After you factor in 17% inflation for the past 2 years, that’s still 39% return.

[Deal Hunter]

This looks like a bail out, but it’s not. Bear Stearns could not open for business today. The Fed got JP Morgan to come in and put their hand on the gushing wound, but it is just a temporary measure for others to come in with buckets to collect any viable body parts.

Call it a “Term Fire Sale Facility” that only looks like a bail out. Make no mistake. Bear Stearns is done. It will be bought, absorbed or taken apart and sold for parts. Doing this for an investment bank (whose main business in 2007 was backing subprime hedge funds), is just to make the “bail outs” to come not look like a total collapse of the financial markets.

JP Morgan is next. If Citigroup doesn’t fall first. The next one to get run through the egg slicer on the investment bank side will be Merrill Lynch.

Remember LTCM? Central Banks have up to $1-2 Trillion to do this (LTCM was $1 Trillion in 1998). The CBs have plenty of “bail out” left in them.

[Deal Hunter]

This looks like a bail out, but it’s not. Bear Stearns could not open for business today. The Fed got JP Morgan to come in and put their hand on the gushing wound, but it is just a temporary measure for others to come in with buckets to collect any viable body parts.

Call it a “Term Fire Sale Facility” that only looks like a bail out. Make no mistake. Bear Stearns is done. It will be bought, absorbed or taken apart and sold for parts. Doing this for an investment bank (whose main business in 2007 was backing subprime hedge funds), is just to make the “bail outs” to come not look like a total collapse of the financial markets.

JP Morgan is next. If Citigroup doesn’t fall first. The next one to get run through the egg slicer on the investment bank side will be Merrill Lynch.

Remember LTCM? Central Banks have up to $1-2 Trillion to do this (LTCM was $1 Trillion in 1998). The CBs have plenty of “bail out” left in them.

[Deal Hunter]

This looks like a bail out, but it’s not. Bear Stearns could not open for business today. The Fed got JP Morgan to come in and put their hand on the gushing wound, but it is just a temporary measure for others to come in with buckets to collect any viable body parts.

Call it a “Term Fire Sale Facility” that only looks like a bail out. Make no mistake. Bear Stearns is done. It will be bought, absorbed or taken apart and sold for parts. Doing this for an investment bank (whose main business in 2007 was backing subprime hedge funds), is just to make the “bail outs” to come not look like a total collapse of the financial markets.

JP Morgan is next. If Citigroup doesn’t fall first. The next one to get run through the egg slicer on the investment bank side will be Merrill Lynch.

Remember LTCM? Central Banks have up to $1-2 Trillion to do this (LTCM was $1 Trillion in 1998). The CBs have plenty of “bail out” left in them.

[Deal Hunter]

This looks like a bail out, but it’s not. Bear Stearns could not open for business today. The Fed got JP Morgan to come in and put their hand on the gushing wound, but it is just a temporary measure for others to come in with buckets to collect any viable body parts.

Call it a “Term Fire Sale Facility” that only looks like a bail out. Make no mistake. Bear Stearns is done. It will be bought, absorbed or taken apart and sold for parts. Doing this for an investment bank (whose main business in 2007 was backing subprime hedge funds), is just to make the “bail outs” to come not look like a total collapse of the financial markets.

JP Morgan is next. If Citigroup doesn’t fall first. The next one to get run through the egg slicer on the investment bank side will be Merrill Lynch.

Remember LTCM? Central Banks have up to $1-2 Trillion to do this (LTCM was $1 Trillion in 1998). The CBs have plenty of “bail out” left in them.

[Deal Hunter]

This looks like a bail out, but it’s not. Bear Stearns could not open for business today. The Fed got JP Morgan to come in and put their hand on the gushing wound, but it is just a temporary measure for others to come in with buckets to collect any viable body parts.

Call it a “Term Fire Sale Facility” that only looks like a bail out. Make no mistake. Bear Stearns is done. It will be bought, absorbed or taken apart and sold for parts. Doing this for an investment bank (whose main business in 2007 was backing subprime hedge funds), is just to make the “bail outs” to come not look like a total collapse of the financial markets.

JP Morgan is next. If Citigroup doesn’t fall first. The next one to get run through the egg slicer on the investment bank side will be Merrill Lynch.

Remember LTCM? Central Banks have up to $1-2 Trillion to do this (LTCM was $1 Trillion in 1998). The CBs have plenty of “bail out” left in them.

[Deal Hunter]

If you are really in love with the house, then stick to your price and have your realtors provide you with:

1) BPO
2) Net Sheet

These 2 things will tell you if your offer is viable to the bank. Also, follow up on your realtor as well as the realtor listing the short sale. Short sales require ALOT of follow up with the banks to make sure they are not putting your file away. Call daily if you have to.

Don’t put all the blame on your realtor. Lenders are acting like idiots right now and should jump at any offer on a home in default. Why don’t you ask if either of the realtors have ever done a short sale. If not, you can find a short sale negotiator to handle all the communication with the banks. The negotiator is paid by the lender so the realtors don’t have to stress about losing their comission.

Good luck on your endeavor – but please let me part some advice before I go. NEVER NEVER NEVER fall in love with a house you are bidding on. Not in this market and not at these prices. Get over it and get over it FAST! Use your head or your heart will lead you to financial hardship.

[Deal Hunter]

If you are really in love with the house, then stick to your price and have your realtors provide you with:

1) BPO
2) Net Sheet

These 2 things will tell you if your offer is viable to the bank. Also, follow up on your realtor as well as the realtor listing the short sale. Short sales require ALOT of follow up with the banks to make sure they are not putting your file away. Call daily if you have to.

Don’t put all the blame on your realtor. Lenders are acting like idiots right now and should jump at any offer on a home in default. Why don’t you ask if either of the realtors have ever done a short sale. If not, you can find a short sale negotiator to handle all the communication with the banks. The negotiator is paid by the lender so the realtors don’t have to stress about losing their comission.

Good luck on your endeavor – but please let me part some advice before I go. NEVER NEVER NEVER fall in love with a house you are bidding on. Not in this market and not at these prices. Get over it and get over it FAST! Use your head or your heart will lead you to financial hardship.

[Deal Hunter]

If you are really in love with the house, then stick to your price and have your realtors provide you with:

1) BPO
2) Net Sheet

These 2 things will tell you if your offer is viable to the bank. Also, follow up on your realtor as well as the realtor listing the short sale. Short sales require ALOT of follow up with the banks to make sure they are not putting your file away. Call daily if you have to.

Don’t put all the blame on your realtor. Lenders are acting like idiots right now and should jump at any offer on a home in default. Why don’t you ask if either of the realtors have ever done a short sale. If not, you can find a short sale negotiator to handle all the communication with the banks. The negotiator is paid by the lender so the realtors don’t have to stress about losing their comission.

Good luck on your endeavor – but please let me part some advice before I go. NEVER NEVER NEVER fall in love with a house you are bidding on. Not in this market and not at these prices. Get over it and get over it FAST! Use your head or your heart will lead you to financial hardship.

[Deal Hunter]

If you are really in love with the house, then stick to your price and have your realtors provide you with:

1) BPO
2) Net Sheet

These 2 things will tell you if your offer is viable to the bank. Also, follow up on your realtor as well as the realtor listing the short sale. Short sales require ALOT of follow up with the banks to make sure they are not putting your file away. Call daily if you have to.

Don’t put all the blame on your realtor. Lenders are acting like idiots right now and should jump at any offer on a home in default. Why don’t you ask if either of the realtors have ever done a short sale. If not, you can find a short sale negotiator to handle all the communication with the banks. The negotiator is paid by the lender so the realtors don’t have to stress about losing their comission.

Good luck on your endeavor – but please let me part some advice before I go. NEVER NEVER NEVER fall in love with a house you are bidding on. Not in this market and not at these prices. Get over it and get over it FAST! Use your head or your heart will lead you to financial hardship.

[Deal Hunter]

If you are really in love with the house, then stick to your price and have your realtors provide you with:

1) BPO
2) Net Sheet

These 2 things will tell you if your offer is viable to the bank. Also, follow up on your realtor as well as the realtor listing the short sale. Short sales require ALOT of follow up with the banks to make sure they are not putting your file away. Call daily if you have to.

Don’t put all the blame on your realtor. Lenders are acting like idiots right now and should jump at any offer on a home in default. Why don’t you ask if either of the realtors have ever done a short sale. If not, you can find a short sale negotiator to handle all the communication with the banks. The negotiator is paid by the lender so the realtors don’t have to stress about losing their comission.

Good luck on your endeavor – but please let me part some advice before I go. NEVER NEVER NEVER fall in love with a house you are bidding on. Not in this market and not at these prices. Get over it and get over it FAST! Use your head or your heart will lead you to financial hardship.

[Deal Hunter]

Vulture waiting to be a Turkey – in San Diego. I’ve been circling for 5 years waiting for an opportunity to own in San Diego. Despite all the “distress,” it’s still pricey down there!

I want to buy soon – I don’t want to miss the dip. I’ve been thinking that if I miss and buy on the upswing and end up upside down on my mortgage in 3-5 years, I figure at least I’m in beautiful San Diego. I wouldn’t consider it “misfortune.”

Now, being upside down in Detroit… now, THAT’s misfortune!

[Deal Hunter]

Vulture waiting to be a Turkey – in San Diego. I’ve been circling for 5 years waiting for an opportunity to own in San Diego. Despite all the “distress,” it’s still pricey down there!

I want to buy soon – I don’t want to miss the dip. I’ve been thinking that if I miss and buy on the upswing and end up upside down on my mortgage in 3-5 years, I figure at least I’m in beautiful San Diego. I wouldn’t consider it “misfortune.”

Now, being upside down in Detroit… now, THAT’s misfortune!

[Deal Hunter]

Vulture waiting to be a Turkey – in San Diego. I’ve been circling for 5 years waiting for an opportunity to own in San Diego. Despite all the “distress,” it’s still pricey down there!

I want to buy soon – I don’t want to miss the dip. I’ve been thinking that if I miss and buy on the upswing and end up upside down on my mortgage in 3-5 years, I figure at least I’m in beautiful San Diego. I wouldn’t consider it “misfortune.”

Now, being upside down in Detroit… now, THAT’s misfortune!

[Deal Hunter]

Vulture waiting to be a Turkey – in San Diego. I’ve been circling for 5 years waiting for an opportunity to own in San Diego. Despite all the “distress,” it’s still pricey down there!

I want to buy soon – I don’t want to miss the dip. I’ve been thinking that if I miss and buy on the upswing and end up upside down on my mortgage in 3-5 years, I figure at least I’m in beautiful San Diego. I wouldn’t consider it “misfortune.”

Now, being upside down in Detroit… now, THAT’s misfortune!

[Author]

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