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eavesdropper
Participant[quote=Allan from Fallbrook] O’Donnell is a lunatic moron. [/quote]
There you go again, automatically jumping to conclusions. Do you have any facts to back up your statement? Just because she’s pretty doesn’t mean she’s not smart. Sarah Palin could tell you that.
Alan, you have to be more careful about saying these things. You’re not going to have anyone to defend you when you go before the death panels one day.
Participant[quote=bearishgurl]I just looked at the listing again and the Redfin listing is misleading in that it states the asking price is “$311,542.” This is WRONG and also false advertising which is banking on the lack of sophistication in these buyers.
See below for income guidelines by household size. 1 person household: $44,001-$63,400 annual gross income. 2 person hh: $50,251-$72,500. 3 person hh: $56,551-81,550. 4 person hh: $62,801-$90,600. 5 person hh: $67,851-$97,850. Purchase price includes $18,500 down payment, $293,022 30-year fixed by approved lender. Balance of cost is in the form of over $88,000 in down payment assistance loans! Please call for terms of these loans, compete qualification criteria, and resale restrictions.
$18,500 (downpayment) + $293,022 (P&I) + $88,000+ (downpayment assistance) = $399,522+!
Piggs, how is a “low income” buyer going to pay back a “silent second, I/O second or straight-note-with-balloon second” of $88K+ if the property doesn’t appreciate and they are restricted as to WHEN they can sell it and/or WHO they can it to??
I would also venture that there is a prepayment penalty involved in the financing here. This small subdivision with its “rigged financing scheme” is a disaster waiting to happen to the most vulnerable families, IMO.[/quote]
Bearishgurl, you are awesome. Excellent post!
You do such a great job looking out for us Piggs, and always come up with good advice, and the info to back it up. I think that we should make you our Den Mother.
How are your brownies?
Participant[quote=bearishgurl]I just looked at the listing again and the Redfin listing is misleading in that it states the asking price is “$311,542.” This is WRONG and also false advertising which is banking on the lack of sophistication in these buyers.
See below for income guidelines by household size. 1 person household: $44,001-$63,400 annual gross income. 2 person hh: $50,251-$72,500. 3 person hh: $56,551-81,550. 4 person hh: $62,801-$90,600. 5 person hh: $67,851-$97,850. Purchase price includes $18,500 down payment, $293,022 30-year fixed by approved lender. Balance of cost is in the form of over $88,000 in down payment assistance loans! Please call for terms of these loans, compete qualification criteria, and resale restrictions.
$18,500 (downpayment) + $293,022 (P&I) + $88,000+ (downpayment assistance) = $399,522+!
Piggs, how is a “low income” buyer going to pay back a “silent second, I/O second or straight-note-with-balloon second” of $88K+ if the property doesn’t appreciate and they are restricted as to WHEN they can sell it and/or WHO they can it to??
I would also venture that there is a prepayment penalty involved in the financing here. This small subdivision with its “rigged financing scheme” is a disaster waiting to happen to the most vulnerable families, IMO.[/quote]
Bearishgurl, you are awesome. Excellent post!
You do such a great job looking out for us Piggs, and always come up with good advice, and the info to back it up. I think that we should make you our Den Mother.
How are your brownies?
Participant[quote=bearishgurl]I just looked at the listing again and the Redfin listing is misleading in that it states the asking price is “$311,542.” This is WRONG and also false advertising which is banking on the lack of sophistication in these buyers.
See below for income guidelines by household size. 1 person household: $44,001-$63,400 annual gross income. 2 person hh: $50,251-$72,500. 3 person hh: $56,551-81,550. 4 person hh: $62,801-$90,600. 5 person hh: $67,851-$97,850. Purchase price includes $18,500 down payment, $293,022 30-year fixed by approved lender. Balance of cost is in the form of over $88,000 in down payment assistance loans! Please call for terms of these loans, compete qualification criteria, and resale restrictions.
$18,500 (downpayment) + $293,022 (P&I) + $88,000+ (downpayment assistance) = $399,522+!
Piggs, how is a “low income” buyer going to pay back a “silent second, I/O second or straight-note-with-balloon second” of $88K+ if the property doesn’t appreciate and they are restricted as to WHEN they can sell it and/or WHO they can it to??
I would also venture that there is a prepayment penalty involved in the financing here. This small subdivision with its “rigged financing scheme” is a disaster waiting to happen to the most vulnerable families, IMO.[/quote]
Bearishgurl, you are awesome. Excellent post!
You do such a great job looking out for us Piggs, and always come up with good advice, and the info to back it up. I think that we should make you our Den Mother.
How are your brownies?
Participant[quote=bearishgurl]I just looked at the listing again and the Redfin listing is misleading in that it states the asking price is “$311,542.” This is WRONG and also false advertising which is banking on the lack of sophistication in these buyers.
See below for income guidelines by household size. 1 person household: $44,001-$63,400 annual gross income. 2 person hh: $50,251-$72,500. 3 person hh: $56,551-81,550. 4 person hh: $62,801-$90,600. 5 person hh: $67,851-$97,850. Purchase price includes $18,500 down payment, $293,022 30-year fixed by approved lender. Balance of cost is in the form of over $88,000 in down payment assistance loans! Please call for terms of these loans, compete qualification criteria, and resale restrictions.
$18,500 (downpayment) + $293,022 (P&I) + $88,000+ (downpayment assistance) = $399,522+!
Piggs, how is a “low income” buyer going to pay back a “silent second, I/O second or straight-note-with-balloon second” of $88K+ if the property doesn’t appreciate and they are restricted as to WHEN they can sell it and/or WHO they can it to??
I would also venture that there is a prepayment penalty involved in the financing here. This small subdivision with its “rigged financing scheme” is a disaster waiting to happen to the most vulnerable families, IMO.[/quote]
Bearishgurl, you are awesome. Excellent post!
You do such a great job looking out for us Piggs, and always come up with good advice, and the info to back it up. I think that we should make you our Den Mother.
How are your brownies?
Participant[quote=bearishgurl]I just looked at the listing again and the Redfin listing is misleading in that it states the asking price is “$311,542.” This is WRONG and also false advertising which is banking on the lack of sophistication in these buyers.
See below for income guidelines by household size. 1 person household: $44,001-$63,400 annual gross income. 2 person hh: $50,251-$72,500. 3 person hh: $56,551-81,550. 4 person hh: $62,801-$90,600. 5 person hh: $67,851-$97,850. Purchase price includes $18,500 down payment, $293,022 30-year fixed by approved lender. Balance of cost is in the form of over $88,000 in down payment assistance loans! Please call for terms of these loans, compete qualification criteria, and resale restrictions.
$18,500 (downpayment) + $293,022 (P&I) + $88,000+ (downpayment assistance) = $399,522+!
Piggs, how is a “low income” buyer going to pay back a “silent second, I/O second or straight-note-with-balloon second” of $88K+ if the property doesn’t appreciate and they are restricted as to WHEN they can sell it and/or WHO they can it to??
I would also venture that there is a prepayment penalty involved in the financing here. This small subdivision with its “rigged financing scheme” is a disaster waiting to happen to the most vulnerable families, IMO.[/quote]
Bearishgurl, you are awesome. Excellent post!
You do such a great job looking out for us Piggs, and always come up with good advice, and the info to back it up. I think that we should make you our Den Mother.
How are your brownies?
Participant[quote=briansd1] I have no problem with a liberal who masturbates. But I can’t forgive a conservative who does the same.[/quote]
You don’t want to let conservatives masturbate? And you call yourself a liberal, brian. For shame.
Seriously, I don’t have a problem with anyone of any political persuasion doing anything. What I DO take issue with is someone who tells the population at large that they can’t or shouldn’t do something, usually pairing it with some nonexistent endorsement by God, and then finding out that the sumbitch is doing it, likes doing it, is going to keep on doing it, is planning on leaving his spouse so that he can do it, blah, blah, blah….
THAT pisses me off.
Participant[quote=briansd1] I have no problem with a liberal who masturbates. But I can’t forgive a conservative who does the same.[/quote]
You don’t want to let conservatives masturbate? And you call yourself a liberal, brian. For shame.
Seriously, I don’t have a problem with anyone of any political persuasion doing anything. What I DO take issue with is someone who tells the population at large that they can’t or shouldn’t do something, usually pairing it with some nonexistent endorsement by God, and then finding out that the sumbitch is doing it, likes doing it, is going to keep on doing it, is planning on leaving his spouse so that he can do it, blah, blah, blah….
THAT pisses me off.
Participant[quote=briansd1] I have no problem with a liberal who masturbates. But I can’t forgive a conservative who does the same.[/quote]
You don’t want to let conservatives masturbate? And you call yourself a liberal, brian. For shame.
Seriously, I don’t have a problem with anyone of any political persuasion doing anything. What I DO take issue with is someone who tells the population at large that they can’t or shouldn’t do something, usually pairing it with some nonexistent endorsement by God, and then finding out that the sumbitch is doing it, likes doing it, is going to keep on doing it, is planning on leaving his spouse so that he can do it, blah, blah, blah….
THAT pisses me off.
Participant[quote=briansd1] I have no problem with a liberal who masturbates. But I can’t forgive a conservative who does the same.[/quote]
You don’t want to let conservatives masturbate? And you call yourself a liberal, brian. For shame.
Seriously, I don’t have a problem with anyone of any political persuasion doing anything. What I DO take issue with is someone who tells the population at large that they can’t or shouldn’t do something, usually pairing it with some nonexistent endorsement by God, and then finding out that the sumbitch is doing it, likes doing it, is going to keep on doing it, is planning on leaving his spouse so that he can do it, blah, blah, blah….
THAT pisses me off.
Participant[quote=briansd1] I have no problem with a liberal who masturbates. But I can’t forgive a conservative who does the same.[/quote]
You don’t want to let conservatives masturbate? And you call yourself a liberal, brian. For shame.
Seriously, I don’t have a problem with anyone of any political persuasion doing anything. What I DO take issue with is someone who tells the population at large that they can’t or shouldn’t do something, usually pairing it with some nonexistent endorsement by God, and then finding out that the sumbitch is doing it, likes doing it, is going to keep on doing it, is planning on leaving his spouse so that he can do it, blah, blah, blah….
THAT pisses me off.
Participant[quote=CA renter]There is no excuse for homes sitting empty. A home should be empty for no more than 90 days.
The foreclosure process can be made much more efficient. We need a public auction system where all the bidders are pre-qualified through one of the GSEs and each person/entity is assigned a bidder ID number. All transactions/entities should be tracked and audited periodically for irregularities. There should be open bids where the bid amounts, terms, and ID number of the bidder is visible to all other bidders. Mimimum 14-40 day listings on the govt-run site, and highest and best bid wins.
No middlemen, no fraud (it would be fully transparent, with HUGE penalties for anyone caught trying to scam the system), and regular end-users would be on the same footing as flippers/speculators.[/quote]
I like this, CAR. Of course, something this simple, this efficient, and this good at leveling the playing field will never be adopted. Not to mention that it involves a considerable degree of oversight which, I believe, is equated with violation of the Constitution in some circles these days.
Participant[quote=CA renter]There is no excuse for homes sitting empty. A home should be empty for no more than 90 days.
The foreclosure process can be made much more efficient. We need a public auction system where all the bidders are pre-qualified through one of the GSEs and each person/entity is assigned a bidder ID number. All transactions/entities should be tracked and audited periodically for irregularities. There should be open bids where the bid amounts, terms, and ID number of the bidder is visible to all other bidders. Mimimum 14-40 day listings on the govt-run site, and highest and best bid wins.
No middlemen, no fraud (it would be fully transparent, with HUGE penalties for anyone caught trying to scam the system), and regular end-users would be on the same footing as flippers/speculators.[/quote]
I like this, CAR. Of course, something this simple, this efficient, and this good at leveling the playing field will never be adopted. Not to mention that it involves a considerable degree of oversight which, I believe, is equated with violation of the Constitution in some circles these days.
Participant[quote=CA renter]There is no excuse for homes sitting empty. A home should be empty for no more than 90 days.
The foreclosure process can be made much more efficient. We need a public auction system where all the bidders are pre-qualified through one of the GSEs and each person/entity is assigned a bidder ID number. All transactions/entities should be tracked and audited periodically for irregularities. There should be open bids where the bid amounts, terms, and ID number of the bidder is visible to all other bidders. Mimimum 14-40 day listings on the govt-run site, and highest and best bid wins.
No middlemen, no fraud (it would be fully transparent, with HUGE penalties for anyone caught trying to scam the system), and regular end-users would be on the same footing as flippers/speculators.[/quote]
I like this, CAR. Of course, something this simple, this efficient, and this good at leveling the playing field will never be adopted. Not to mention that it involves a considerable degree of oversight which, I believe, is equated with violation of the Constitution in some circles these days.
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