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donaldduckmoore
ParticipantNationalization is the answer at least for now. These banks are going the extremes and they do not cooperate most of the time. Even when in this crisis, they still think they own the world.
ParticipantNationalization is the answer at least for now. These banks are going the extremes and they do not cooperate most of the time. Even when in this crisis, they still think they own the world.
ParticipantNationalization is the answer at least for now. These banks are going the extremes and they do not cooperate most of the time. Even when in this crisis, they still think they own the world.
ParticipantNationalization is the answer at least for now. These banks are going the extremes and they do not cooperate most of the time. Even when in this crisis, they still think they own the world.
ParticipantNationalization is the answer at least for now. These banks are going the extremes and they do not cooperate most of the time. Even when in this crisis, they still think they own the world.
Participant[quote=SD Realtor]No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties. [/quote]
Why are they so dumb they had to go thro’ MLS? That is creating a bunch of trouble to themselves being bad.
Participant[quote=SD Realtor]No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties. [/quote]
Why are they so dumb they had to go thro’ MLS? That is creating a bunch of trouble to themselves being bad.
Participant[quote=SD Realtor]No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties. [/quote]
Why are they so dumb they had to go thro’ MLS? That is creating a bunch of trouble to themselves being bad.
Participant[quote=SD Realtor]No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties. [/quote]
Why are they so dumb they had to go thro’ MLS? That is creating a bunch of trouble to themselves being bad.
Participant[quote=SD Realtor]No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties. [/quote]
Why are they so dumb they had to go thro’ MLS? That is creating a bunch of trouble to themselves being bad.
Participant[quote=dd123]Here is one forclosure prevented by Bank/Govt:
One of my colleague bought a house for half a million 4 years back and his monthly payment was $4K. With the recent divorce, he was unable to make mortgage payments and for the last 6/7 months he was not making payments hoping to do short sale.
He is a very nice/easy going simple guy but financially irresponsible who likes to drive $40k car with toy like $8K in his driveway.
Last week he told me that, bank did some deal with him taking advantage of bailout, now he is able to keep his house paying just $2k/month for next 30 years which is what he can afford.
I am very happy for my colleague since I like him personally though I know that we all are footing the bill for this bailout.
At the same time, I think I have missed an opportunity to get bail out from govt.
Sometimes, I think I should have bought a million dollar house in 2006 though I cant afford it but anyway I would have been bailed out by bank/govt.
Being over analytical/financial responsible kind of kicked me back.[/quote]DD, that is a big difference in payment. Did the bank reduce his principle amt. I thought they do not like the idea of reducing priciple.
Participant[quote=dd123]Here is one forclosure prevented by Bank/Govt:
One of my colleague bought a house for half a million 4 years back and his monthly payment was $4K. With the recent divorce, he was unable to make mortgage payments and for the last 6/7 months he was not making payments hoping to do short sale.
He is a very nice/easy going simple guy but financially irresponsible who likes to drive $40k car with toy like $8K in his driveway.
Last week he told me that, bank did some deal with him taking advantage of bailout, now he is able to keep his house paying just $2k/month for next 30 years which is what he can afford.
I am very happy for my colleague since I like him personally though I know that we all are footing the bill for this bailout.
At the same time, I think I have missed an opportunity to get bail out from govt.
Sometimes, I think I should have bought a million dollar house in 2006 though I cant afford it but anyway I would have been bailed out by bank/govt.
Being over analytical/financial responsible kind of kicked me back.[/quote]DD, that is a big difference in payment. Did the bank reduce his principle amt. I thought they do not like the idea of reducing priciple.
Participant[quote=dd123]Here is one forclosure prevented by Bank/Govt:
One of my colleague bought a house for half a million 4 years back and his monthly payment was $4K. With the recent divorce, he was unable to make mortgage payments and for the last 6/7 months he was not making payments hoping to do short sale.
He is a very nice/easy going simple guy but financially irresponsible who likes to drive $40k car with toy like $8K in his driveway.
Last week he told me that, bank did some deal with him taking advantage of bailout, now he is able to keep his house paying just $2k/month for next 30 years which is what he can afford.
I am very happy for my colleague since I like him personally though I know that we all are footing the bill for this bailout.
At the same time, I think I have missed an opportunity to get bail out from govt.
Sometimes, I think I should have bought a million dollar house in 2006 though I cant afford it but anyway I would have been bailed out by bank/govt.
Being over analytical/financial responsible kind of kicked me back.[/quote]DD, that is a big difference in payment. Did the bank reduce his principle amt. I thought they do not like the idea of reducing priciple.
Participant[quote=dd123]Here is one forclosure prevented by Bank/Govt:
One of my colleague bought a house for half a million 4 years back and his monthly payment was $4K. With the recent divorce, he was unable to make mortgage payments and for the last 6/7 months he was not making payments hoping to do short sale.
He is a very nice/easy going simple guy but financially irresponsible who likes to drive $40k car with toy like $8K in his driveway.
Last week he told me that, bank did some deal with him taking advantage of bailout, now he is able to keep his house paying just $2k/month for next 30 years which is what he can afford.
I am very happy for my colleague since I like him personally though I know that we all are footing the bill for this bailout.
At the same time, I think I have missed an opportunity to get bail out from govt.
Sometimes, I think I should have bought a million dollar house in 2006 though I cant afford it but anyway I would have been bailed out by bank/govt.
Being over analytical/financial responsible kind of kicked me back.[/quote]DD, that is a big difference in payment. Did the bank reduce his principle amt. I thought they do not like the idea of reducing priciple.
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