[Deal Hunter]

Very funny story about a seller….I got a call from a very irrate friend who wanted to sue her realtor for “making” her buy a rental property that is now $44K upside down. She needed my help to write up her case against this realtor.

So, she bought the home in August of 2007 for $202K. The latest comps in the area show that her suggested listing price if she wanted to sell now is $155K. So she wants to sue the realtor for her $47K “loss.”

She put 0% down and the builder paid all her closing costs. Her total mortgage was $1988 per month. She rented the house immediately and was able to get $1100 so her total monthly negative was $888. Her first mortgage payment was due in October and since then she has paid $6,216 toward the mortgage. Also in October, the realtor sent her a “client reimbursement” for $2000. So now, her total out of pocket to date is $4,216. Now, on top of that, she can write off her negative and other landlording related expenses on Schedule E of her tax return and would stand to write off up to $26K from her adjusted gross income.

Now she is furious. First because she is $47K upside down and second because she really doesn’t have much of a case against her realtor. What a conundrum!

[Deal Hunter]

Very funny story about a seller….I got a call from a very irrate friend who wanted to sue her realtor for “making” her buy a rental property that is now $44K upside down. She needed my help to write up her case against this realtor.

So, she bought the home in August of 2007 for $202K. The latest comps in the area show that her suggested listing price if she wanted to sell now is $155K. So she wants to sue the realtor for her $47K “loss.”

She put 0% down and the builder paid all her closing costs. Her total mortgage was $1988 per month. She rented the house immediately and was able to get $1100 so her total monthly negative was $888. Her first mortgage payment was due in October and since then she has paid $6,216 toward the mortgage. Also in October, the realtor sent her a “client reimbursement” for $2000. So now, her total out of pocket to date is $4,216. Now, on top of that, she can write off her negative and other landlording related expenses on Schedule E of her tax return and would stand to write off up to $26K from her adjusted gross income.

Now she is furious. First because she is $47K upside down and second because she really doesn’t have much of a case against her realtor. What a conundrum!

[Deal Hunter]

Very funny story about a seller….I got a call from a very irrate friend who wanted to sue her realtor for “making” her buy a rental property that is now $44K upside down. She needed my help to write up her case against this realtor.

So, she bought the home in August of 2007 for $202K. The latest comps in the area show that her suggested listing price if she wanted to sell now is $155K. So she wants to sue the realtor for her $47K “loss.”

She put 0% down and the builder paid all her closing costs. Her total mortgage was $1988 per month. She rented the house immediately and was able to get $1100 so her total monthly negative was $888. Her first mortgage payment was due in October and since then she has paid $6,216 toward the mortgage. Also in October, the realtor sent her a “client reimbursement” for $2000. So now, her total out of pocket to date is $4,216. Now, on top of that, she can write off her negative and other landlording related expenses on Schedule E of her tax return and would stand to write off up to $26K from her adjusted gross income.

Now she is furious. First because she is $47K upside down and second because she really doesn’t have much of a case against her realtor. What a conundrum!

[Deal Hunter]

Very funny story about a seller….I got a call from a very irrate friend who wanted to sue her realtor for “making” her buy a rental property that is now $44K upside down. She needed my help to write up her case against this realtor.

So, she bought the home in August of 2007 for $202K. The latest comps in the area show that her suggested listing price if she wanted to sell now is $155K. So she wants to sue the realtor for her $47K “loss.”

She put 0% down and the builder paid all her closing costs. Her total mortgage was $1988 per month. She rented the house immediately and was able to get $1100 so her total monthly negative was $888. Her first mortgage payment was due in October and since then she has paid $6,216 toward the mortgage. Also in October, the realtor sent her a “client reimbursement” for $2000. So now, her total out of pocket to date is $4,216. Now, on top of that, she can write off her negative and other landlording related expenses on Schedule E of her tax return and would stand to write off up to $26K from her adjusted gross income.

Now she is furious. First because she is $47K upside down and second because she really doesn’t have much of a case against her realtor. What a conundrum!

[Deal Hunter]

Very funny story about a seller….I got a call from a very irrate friend who wanted to sue her realtor for “making” her buy a rental property that is now $44K upside down. She needed my help to write up her case against this realtor.

So, she bought the home in August of 2007 for $202K. The latest comps in the area show that her suggested listing price if she wanted to sell now is $155K. So she wants to sue the realtor for her $47K “loss.”

She put 0% down and the builder paid all her closing costs. Her total mortgage was $1988 per month. She rented the house immediately and was able to get $1100 so her total monthly negative was $888. Her first mortgage payment was due in October and since then she has paid $6,216 toward the mortgage. Also in October, the realtor sent her a “client reimbursement” for $2000. So now, her total out of pocket to date is $4,216. Now, on top of that, she can write off her negative and other landlording related expenses on Schedule E of her tax return and would stand to write off up to $26K from her adjusted gross income.

Now she is furious. First because she is $47K upside down and second because she really doesn’t have much of a case against her realtor. What a conundrum!

[Deal Hunter]

For real!?!?!?! “Democrats say they’re open to some GOP options, such as a bill by Sen. Johnny Isackson of Georgia to award $15,000 tax credits to people who buy and move into foreclosed homes. That would sharply boost demand, Isackson says.”

Wow, if that goes through I’m going to make bank selling homes to high-wage professionals and investors looking for tax credits. There’s a whole block of golf course homes in No. Cal that are bank-owned and selling at 44% off the original selling price.

Offering tax incentives to buy up foreclosed homes sounds like another speculator bubble waiting to happen.

[Deal Hunter]

For real!?!?!?! “Democrats say they’re open to some GOP options, such as a bill by Sen. Johnny Isackson of Georgia to award $15,000 tax credits to people who buy and move into foreclosed homes. That would sharply boost demand, Isackson says.”

Wow, if that goes through I’m going to make bank selling homes to high-wage professionals and investors looking for tax credits. There’s a whole block of golf course homes in No. Cal that are bank-owned and selling at 44% off the original selling price.

Offering tax incentives to buy up foreclosed homes sounds like another speculator bubble waiting to happen.

[Deal Hunter]

For real!?!?!?! “Democrats say they’re open to some GOP options, such as a bill by Sen. Johnny Isackson of Georgia to award $15,000 tax credits to people who buy and move into foreclosed homes. That would sharply boost demand, Isackson says.”

Wow, if that goes through I’m going to make bank selling homes to high-wage professionals and investors looking for tax credits. There’s a whole block of golf course homes in No. Cal that are bank-owned and selling at 44% off the original selling price.

Offering tax incentives to buy up foreclosed homes sounds like another speculator bubble waiting to happen.

[Deal Hunter]

For real!?!?!?! “Democrats say they’re open to some GOP options, such as a bill by Sen. Johnny Isackson of Georgia to award $15,000 tax credits to people who buy and move into foreclosed homes. That would sharply boost demand, Isackson says.”

Wow, if that goes through I’m going to make bank selling homes to high-wage professionals and investors looking for tax credits. There’s a whole block of golf course homes in No. Cal that are bank-owned and selling at 44% off the original selling price.

Offering tax incentives to buy up foreclosed homes sounds like another speculator bubble waiting to happen.

[Deal Hunter]

For real!?!?!?! “Democrats say they’re open to some GOP options, such as a bill by Sen. Johnny Isackson of Georgia to award $15,000 tax credits to people who buy and move into foreclosed homes. That would sharply boost demand, Isackson says.”

Wow, if that goes through I’m going to make bank selling homes to high-wage professionals and investors looking for tax credits. There’s a whole block of golf course homes in No. Cal that are bank-owned and selling at 44% off the original selling price.

Offering tax incentives to buy up foreclosed homes sounds like another speculator bubble waiting to happen.

[Deal Hunter]

Heh, heh…. Well, every generation needs to pass along a “poor days” story to their kids. If anyone needs the recipe for how to make ketchup packets look and taste like tomato soup, send me an email.

[Deal Hunter]

Heh, heh…. Well, every generation needs to pass along a “poor days” story to their kids. If anyone needs the recipe for how to make ketchup packets look and taste like tomato soup, send me an email.

[Deal Hunter]

Heh, heh…. Well, every generation needs to pass along a “poor days” story to their kids. If anyone needs the recipe for how to make ketchup packets look and taste like tomato soup, send me an email.

[Deal Hunter]

Heh, heh…. Well, every generation needs to pass along a “poor days” story to their kids. If anyone needs the recipe for how to make ketchup packets look and taste like tomato soup, send me an email.

[Deal Hunter]

Heh, heh…. Well, every generation needs to pass along a “poor days” story to their kids. If anyone needs the recipe for how to make ketchup packets look and taste like tomato soup, send me an email.

[Author]

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