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recordsclerk
ParticipantAs a buyer I have come across many listings with multiple offers, and I have lost my fair share of bids. This is a bank owned property, with this said the bank doesn’t have time to play games. Call their bluff and you will lose. I’m not suggesting that you bid higher, I’m just saying that they are not bluffing. Real Estate agents make money closing deals, not getting them bidded up. Losing potential buyers in this market is insane, so don’t think for one second a listing agent is going to play games with the most important part of their imcome, the buyer. I called “bullshit” many times and lost many times. I even waited for the property to close to see how much I lost by. Sometimes the winning bid falls out of escrow, so there will be a re-bid. You will think that at this time they were bullshitting, but even at re-bid I have lost. If you have done your homework for the segment of the market that you are buying and find a well priced home, many other buyers will feel the same. You should feel good that many people bid on the same property, it will confirm that you know the market well. If you want to pay less for a home then what the current market is offering you are just going to have to wait. Make your bid, and if you really want this house make a higher bid. There are no secret stratigies out there. You will not be able to change the market or make realtors sign letters for future law suits. Try and time the market as good as you can. Buy what you really want and can afford. Some bank properties come on-line at a really good price and will have multiple offers. Some bank owned properties will be overpriced and will have periodic price drops. IF you don’t want to get into a bidding war, you may want to find an overpriced bank owned property and wait for periodic price drops and wait until the 100 day mark and make a low-ball offer. If you are buying a coastal or PUSD property wait until the winter or next year.
ParticipantObviously when they got their HELOC money there was still equity in the home or the bank wouldn’t lend. So I don’t think the owner at that time had any intention of going into forclosure.
ParticipantObviously when they got their HELOC money there was still equity in the home or the bank wouldn’t lend. So I don’t think the owner at that time had any intention of going into forclosure.
ParticipantObviously when they got their HELOC money there was still equity in the home or the bank wouldn’t lend. So I don’t think the owner at that time had any intention of going into forclosure.
ParticipantObviously when they got their HELOC money there was still equity in the home or the bank wouldn’t lend. So I don’t think the owner at that time had any intention of going into forclosure.
ParticipantObviously when they got their HELOC money there was still equity in the home or the bank wouldn’t lend. So I don’t think the owner at that time had any intention of going into forclosure.
ParticipantSo if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?
ParticipantSo if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?
ParticipantSo if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?
ParticipantSo if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?
ParticipantSo if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?
ParticipantThere is no recourse for stripping a home before it gets forclosed on. So technically you are not stealing. I think it’s worse if you vandalize the property out of anger before you leave. Stealing something from a person or store for resale is wrong. I have many moral dilemmas with people stripping the property before they leave, but I’m not sure I would turn down a good deal as long as they didn’t illegally take the items. The banks made bad loans out of greed. The previous owner made easy money selling at/near the top of the the market. Who is the bad guy here? Is it the bank? Is it the previously owner? Is it the FB/seller? The loan officers/brokers took advantage of the market. The previously owner took advantage of the market. Now the FB is left holding the bag and is only taking what legally belongs to them. I’m not sure why there are so many bad feelings towards these FB’s. I’m going to take advantage of their misfortunes by buying a house at/near the bottom (hopefully), so should I have any moral conflicts for taking advantage of a bad situation?
ParticipantThere is no recourse for stripping a home before it gets forclosed on. So technically you are not stealing. I think it’s worse if you vandalize the property out of anger before you leave. Stealing something from a person or store for resale is wrong. I have many moral dilemmas with people stripping the property before they leave, but I’m not sure I would turn down a good deal as long as they didn’t illegally take the items. The banks made bad loans out of greed. The previous owner made easy money selling at/near the top of the the market. Who is the bad guy here? Is it the bank? Is it the previously owner? Is it the FB/seller? The loan officers/brokers took advantage of the market. The previously owner took advantage of the market. Now the FB is left holding the bag and is only taking what legally belongs to them. I’m not sure why there are so many bad feelings towards these FB’s. I’m going to take advantage of their misfortunes by buying a house at/near the bottom (hopefully), so should I have any moral conflicts for taking advantage of a bad situation?
ParticipantThere is no recourse for stripping a home before it gets forclosed on. So technically you are not stealing. I think it’s worse if you vandalize the property out of anger before you leave. Stealing something from a person or store for resale is wrong. I have many moral dilemmas with people stripping the property before they leave, but I’m not sure I would turn down a good deal as long as they didn’t illegally take the items. The banks made bad loans out of greed. The previous owner made easy money selling at/near the top of the the market. Who is the bad guy here? Is it the bank? Is it the previously owner? Is it the FB/seller? The loan officers/brokers took advantage of the market. The previously owner took advantage of the market. Now the FB is left holding the bag and is only taking what legally belongs to them. I’m not sure why there are so many bad feelings towards these FB’s. I’m going to take advantage of their misfortunes by buying a house at/near the bottom (hopefully), so should I have any moral conflicts for taking advantage of a bad situation?
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