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March 18, 2008 at 10:57 PM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #172778
Doofrat
ParticipantI wouldn’t worry about having to move in a month. Look at it from your landlord’s point of view. She wants you to stay there and pay her each month.
She’s probably pretty desperate at this point if she is asking you if you are interested because now she risks losing you as a renter. If she goes into foreclosure you’ll be able to stay there until it all gets sorted out and then a bank may want to keep you as a renter, or maybe not, but it’ll take months for everything to happen.
Is it the ideal situation, no, but if your main worry is staying for a few more months, I wouldn’t worry.March 18, 2008 at 10:57 PM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #173115Doofrat
ParticipantI wouldn’t worry about having to move in a month. Look at it from your landlord’s point of view. She wants you to stay there and pay her each month.
She’s probably pretty desperate at this point if she is asking you if you are interested because now she risks losing you as a renter. If she goes into foreclosure you’ll be able to stay there until it all gets sorted out and then a bank may want to keep you as a renter, or maybe not, but it’ll take months for everything to happen.
Is it the ideal situation, no, but if your main worry is staying for a few more months, I wouldn’t worry.March 18, 2008 at 10:57 PM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #173119Doofrat
ParticipantI wouldn’t worry about having to move in a month. Look at it from your landlord’s point of view. She wants you to stay there and pay her each month.
She’s probably pretty desperate at this point if she is asking you if you are interested because now she risks losing you as a renter. If she goes into foreclosure you’ll be able to stay there until it all gets sorted out and then a bank may want to keep you as a renter, or maybe not, but it’ll take months for everything to happen.
Is it the ideal situation, no, but if your main worry is staying for a few more months, I wouldn’t worry.March 18, 2008 at 10:57 PM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #173141Doofrat
ParticipantI wouldn’t worry about having to move in a month. Look at it from your landlord’s point of view. She wants you to stay there and pay her each month.
She’s probably pretty desperate at this point if she is asking you if you are interested because now she risks losing you as a renter. If she goes into foreclosure you’ll be able to stay there until it all gets sorted out and then a bank may want to keep you as a renter, or maybe not, but it’ll take months for everything to happen.
Is it the ideal situation, no, but if your main worry is staying for a few more months, I wouldn’t worry.March 18, 2008 at 10:57 PM in reply to: HELP! Landlord asking if we want to buy our rental as “short sale” #173222Doofrat
ParticipantI wouldn’t worry about having to move in a month. Look at it from your landlord’s point of view. She wants you to stay there and pay her each month.
She’s probably pretty desperate at this point if she is asking you if you are interested because now she risks losing you as a renter. If she goes into foreclosure you’ll be able to stay there until it all gets sorted out and then a bank may want to keep you as a renter, or maybe not, but it’ll take months for everything to happen.
Is it the ideal situation, no, but if your main worry is staying for a few more months, I wouldn’t worry.Doofrat
ParticipantWe salute you freshly minted Realtor. Twenty years ago you would have been an Amway salesperson, annoyingly hawking your expensive wares to friends and family. Back then your friends and family may have paid too much for their dish soap but now you have burdened them with thirty years of debt slavery.
We salute you house flipping reality television show producer. The worst Mark Burnett did was give somebody the idea to strand themselves on a desert island and come home sunburned and hungry. But you have talked thousands into leaving their productive jobs to take on a business they know nothing about at exactly the worst time to take on such folly. Your cleverly edited 30 minute show makes driving around in a Hummer, hitting walls with sledge hammers, and installing granite counter tops look like nothing but a real swell time.
We salute you Mr. Mortgage Broker. You singlehandedly upped the ante’ for everyone in RSF. No longer can one tool about in a CL600 coupe and be identified as the well heeled surgeon, famous lawyer, or minor celebrity, no – now one must move up to the Bentley, Rolls, or exotic so as not to be mistaken for a dealer in credit products.
Doofrat
ParticipantWe salute you freshly minted Realtor. Twenty years ago you would have been an Amway salesperson, annoyingly hawking your expensive wares to friends and family. Back then your friends and family may have paid too much for their dish soap but now you have burdened them with thirty years of debt slavery.
We salute you house flipping reality television show producer. The worst Mark Burnett did was give somebody the idea to strand themselves on a desert island and come home sunburned and hungry. But you have talked thousands into leaving their productive jobs to take on a business they know nothing about at exactly the worst time to take on such folly. Your cleverly edited 30 minute show makes driving around in a Hummer, hitting walls with sledge hammers, and installing granite counter tops look like nothing but a real swell time.
We salute you Mr. Mortgage Broker. You singlehandedly upped the ante’ for everyone in RSF. No longer can one tool about in a CL600 coupe and be identified as the well heeled surgeon, famous lawyer, or minor celebrity, no – now one must move up to the Bentley, Rolls, or exotic so as not to be mistaken for a dealer in credit products.
Doofrat
ParticipantWe salute you freshly minted Realtor. Twenty years ago you would have been an Amway salesperson, annoyingly hawking your expensive wares to friends and family. Back then your friends and family may have paid too much for their dish soap but now you have burdened them with thirty years of debt slavery.
We salute you house flipping reality television show producer. The worst Mark Burnett did was give somebody the idea to strand themselves on a desert island and come home sunburned and hungry. But you have talked thousands into leaving their productive jobs to take on a business they know nothing about at exactly the worst time to take on such folly. Your cleverly edited 30 minute show makes driving around in a Hummer, hitting walls with sledge hammers, and installing granite counter tops look like nothing but a real swell time.
We salute you Mr. Mortgage Broker. You singlehandedly upped the ante’ for everyone in RSF. No longer can one tool about in a CL600 coupe and be identified as the well heeled surgeon, famous lawyer, or minor celebrity, no – now one must move up to the Bentley, Rolls, or exotic so as not to be mistaken for a dealer in credit products.
Doofrat
ParticipantWe salute you freshly minted Realtor. Twenty years ago you would have been an Amway salesperson, annoyingly hawking your expensive wares to friends and family. Back then your friends and family may have paid too much for their dish soap but now you have burdened them with thirty years of debt slavery.
We salute you house flipping reality television show producer. The worst Mark Burnett did was give somebody the idea to strand themselves on a desert island and come home sunburned and hungry. But you have talked thousands into leaving their productive jobs to take on a business they know nothing about at exactly the worst time to take on such folly. Your cleverly edited 30 minute show makes driving around in a Hummer, hitting walls with sledge hammers, and installing granite counter tops look like nothing but a real swell time.
We salute you Mr. Mortgage Broker. You singlehandedly upped the ante’ for everyone in RSF. No longer can one tool about in a CL600 coupe and be identified as the well heeled surgeon, famous lawyer, or minor celebrity, no – now one must move up to the Bentley, Rolls, or exotic so as not to be mistaken for a dealer in credit products.
Doofrat
ParticipantWe salute you freshly minted Realtor. Twenty years ago you would have been an Amway salesperson, annoyingly hawking your expensive wares to friends and family. Back then your friends and family may have paid too much for their dish soap but now you have burdened them with thirty years of debt slavery.
We salute you house flipping reality television show producer. The worst Mark Burnett did was give somebody the idea to strand themselves on a desert island and come home sunburned and hungry. But you have talked thousands into leaving their productive jobs to take on a business they know nothing about at exactly the worst time to take on such folly. Your cleverly edited 30 minute show makes driving around in a Hummer, hitting walls with sledge hammers, and installing granite counter tops look like nothing but a real swell time.
We salute you Mr. Mortgage Broker. You singlehandedly upped the ante’ for everyone in RSF. No longer can one tool about in a CL600 coupe and be identified as the well heeled surgeon, famous lawyer, or minor celebrity, no – now one must move up to the Bentley, Rolls, or exotic so as not to be mistaken for a dealer in credit products.
Doofrat
ParticipantJP,
A lot of people think the housing market has flattened out. If it was true that it has flattened out (I don’t think we’re close to the bottom for a few years at least), then it’d be a good time to buy since it can only go up. People hear that prices have dropped and that the market has flattened out and they think they can get a good deal.
They haven’t really heard about the number of foreclosures, they just heard a blurb about it on the news, but they haven’t looked at Realtytrac and seen the insane number of foreclosures mapped out.
They don’t have any idea that the tightening of credit means fewer sales and lower home prices.
They haven’t seen the Credit Suisse ARM reset schedule.
They haven’t read the Professor’s Bubble Primer.They probably just talked to a Realtor who told them that prices have flattened out and that it’s a good time to buy (which happened to my wife yesterday in talking to a Realtor friend).
Doofrat
ParticipantJP,
A lot of people think the housing market has flattened out. If it was true that it has flattened out (I don’t think we’re close to the bottom for a few years at least), then it’d be a good time to buy since it can only go up. People hear that prices have dropped and that the market has flattened out and they think they can get a good deal.
They haven’t really heard about the number of foreclosures, they just heard a blurb about it on the news, but they haven’t looked at Realtytrac and seen the insane number of foreclosures mapped out.
They don’t have any idea that the tightening of credit means fewer sales and lower home prices.
They haven’t seen the Credit Suisse ARM reset schedule.
They haven’t read the Professor’s Bubble Primer.They probably just talked to a Realtor who told them that prices have flattened out and that it’s a good time to buy (which happened to my wife yesterday in talking to a Realtor friend).
Doofrat
ParticipantJP,
A lot of people think the housing market has flattened out. If it was true that it has flattened out (I don’t think we’re close to the bottom for a few years at least), then it’d be a good time to buy since it can only go up. People hear that prices have dropped and that the market has flattened out and they think they can get a good deal.
They haven’t really heard about the number of foreclosures, they just heard a blurb about it on the news, but they haven’t looked at Realtytrac and seen the insane number of foreclosures mapped out.
They don’t have any idea that the tightening of credit means fewer sales and lower home prices.
They haven’t seen the Credit Suisse ARM reset schedule.
They haven’t read the Professor’s Bubble Primer.They probably just talked to a Realtor who told them that prices have flattened out and that it’s a good time to buy (which happened to my wife yesterday in talking to a Realtor friend).
Doofrat
ParticipantJP,
A lot of people think the housing market has flattened out. If it was true that it has flattened out (I don’t think we’re close to the bottom for a few years at least), then it’d be a good time to buy since it can only go up. People hear that prices have dropped and that the market has flattened out and they think they can get a good deal.
They haven’t really heard about the number of foreclosures, they just heard a blurb about it on the news, but they haven’t looked at Realtytrac and seen the insane number of foreclosures mapped out.
They don’t have any idea that the tightening of credit means fewer sales and lower home prices.
They haven’t seen the Credit Suisse ARM reset schedule.
They haven’t read the Professor’s Bubble Primer.They probably just talked to a Realtor who told them that prices have flattened out and that it’s a good time to buy (which happened to my wife yesterday in talking to a Realtor friend).
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