[Scarlett]

I agree with DWCAP,

The comments here were a little sharp, but in general correct. Most likely the fact you own a house right now is the reason. I am sure HLS will be able to me more specific.

Our situation is somewhat similar, though we don’t have your great income, and we only have 10% down (but we are looking at 500K houses). And probably much leass money aside. But the main difference is, we don’t have any debt. We owned a 3 bdr townhouse until Fall 2007 and we are renting a nice large 2 bdr apt since then, waiting for the air over the house market to clear. It’s a bit tight, but it’s worth the peace of mind. Anyhow, the point is, we would be able to get a 500K loan with 10% down. Of course with PMI. A 2nd loan apparently it was almost impossible to find. I am sure you could get easily a loan for under $546K (or whatever was the limit) with your income.

I think HLS would be a great help here. The only solutions are
1.sell your current place and rent at least for a short while until you can buy a new place.
2.if that’s too much trouble – wait until you have or are willing to put 20% down; the prices will decrease more by then too.
3.if it’s really urgent to move now, then put 20% down – you seem like you have other savings and you could do that. See if you can get a loan then. You should be able to, IMO.

[Scarlett]

The drop last year of those mid-price houses in those areas didn’t seem to be more than 5-10%. Does anybody have hard(er) data on this particular market segment?

I am afraid they will not drop more than another 10%-15% before THEY hit ‘bottom’.
Nevertheless, I shall wait another year at least to get a clearer picture. Nothing to lose, I don’t think they will go UP in the next few years…

[Scarlett]

The drop last year of those mid-price houses in those areas didn’t seem to be more than 5-10%. Does anybody have hard(er) data on this particular market segment?

I am afraid they will not drop more than another 10%-15% before THEY hit ‘bottom’.
Nevertheless, I shall wait another year at least to get a clearer picture. Nothing to lose, I don’t think they will go UP in the next few years…

[Scarlett]

The drop last year of those mid-price houses in those areas didn’t seem to be more than 5-10%. Does anybody have hard(er) data on this particular market segment?

I am afraid they will not drop more than another 10%-15% before THEY hit ‘bottom’.
Nevertheless, I shall wait another year at least to get a clearer picture. Nothing to lose, I don’t think they will go UP in the next few years…

[Scarlett]

The drop last year of those mid-price houses in those areas didn’t seem to be more than 5-10%. Does anybody have hard(er) data on this particular market segment?

I am afraid they will not drop more than another 10%-15% before THEY hit ‘bottom’.
Nevertheless, I shall wait another year at least to get a clearer picture. Nothing to lose, I don’t think they will go UP in the next few years…

[Scarlett]

The drop last year of those mid-price houses in those areas didn’t seem to be more than 5-10%. Does anybody have hard(er) data on this particular market segment?

I am afraid they will not drop more than another 10%-15% before THEY hit ‘bottom’.
Nevertheless, I shall wait another year at least to get a clearer picture. Nothing to lose, I don’t think they will go UP in the next few years…

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

SD Realtor, I’ve read some of your other posts about short sales. Very useful to know. I am one of those that think short sales are too much of a pain… but some may be worth pursuing.
[quote=Scarlett][quote=sdrealtor] Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes!
[/quote]
And SD realtor as buyer’s agent – wouldn’t that make a nice gathering of Piggs?!

[Scarlett]

[quote=sdrealtor]HLS, I didnt say a larger down means a stronger buyer, I said it means a perceived stronger buyer. (…)large down payments rule the day. We can verify the money is there via bank statements. A piece of paper from you or any other pre-approval letter is worthless to me unless I have a solid history and experience with you that I can base trust upon. (…)

Scarlet doesnt need to pay more, she needs a good agent. In choosing which buyer to go with, the agent who represents them and how they keep in contact with me through the short sale approval process is the single most important factor to me beyond a fair price and solidly qualified buyer. I never tell a buyer that I represent with a smaller down payment that they have to pay more. I tell them they might get trumped by another buyer with more cash and there is probably little they can do to overcome that and its OK. Make an offer you are comfortable with and stick with it. If not this house, there will be another.[/quote]

That’s what my realtor told me, more or less. Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes sdr!

[Scarlett]

[quote=sdrealtor]HLS, I didnt say a larger down means a stronger buyer, I said it means a perceived stronger buyer. (…)large down payments rule the day. We can verify the money is there via bank statements. A piece of paper from you or any other pre-approval letter is worthless to me unless I have a solid history and experience with you that I can base trust upon. (…)

Scarlet doesnt need to pay more, she needs a good agent. In choosing which buyer to go with, the agent who represents them and how they keep in contact with me through the short sale approval process is the single most important factor to me beyond a fair price and solidly qualified buyer. I never tell a buyer that I represent with a smaller down payment that they have to pay more. I tell them they might get trumped by another buyer with more cash and there is probably little they can do to overcome that and its OK. Make an offer you are comfortable with and stick with it. If not this house, there will be another.[/quote]

That’s what my realtor told me, more or less. Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes sdr!

[Scarlett]

[quote=sdrealtor]HLS, I didnt say a larger down means a stronger buyer, I said it means a perceived stronger buyer. (…)large down payments rule the day. We can verify the money is there via bank statements. A piece of paper from you or any other pre-approval letter is worthless to me unless I have a solid history and experience with you that I can base trust upon. (…)

Scarlet doesnt need to pay more, she needs a good agent. In choosing which buyer to go with, the agent who represents them and how they keep in contact with me through the short sale approval process is the single most important factor to me beyond a fair price and solidly qualified buyer. I never tell a buyer that I represent with a smaller down payment that they have to pay more. I tell them they might get trumped by another buyer with more cash and there is probably little they can do to overcome that and its OK. Make an offer you are comfortable with and stick with it. If not this house, there will be another.[/quote]

That’s what my realtor told me, more or less. Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes sdr!

[Scarlett]

[quote=sdrealtor]HLS, I didnt say a larger down means a stronger buyer, I said it means a perceived stronger buyer. (…)large down payments rule the day. We can verify the money is there via bank statements. A piece of paper from you or any other pre-approval letter is worthless to me unless I have a solid history and experience with you that I can base trust upon. (…)

Scarlet doesnt need to pay more, she needs a good agent. In choosing which buyer to go with, the agent who represents them and how they keep in contact with me through the short sale approval process is the single most important factor to me beyond a fair price and solidly qualified buyer. I never tell a buyer that I represent with a smaller down payment that they have to pay more. I tell them they might get trumped by another buyer with more cash and there is probably little they can do to overcome that and its OK. Make an offer you are comfortable with and stick with it. If not this house, there will be another.[/quote]

That’s what my realtor told me, more or less. Hey, ideally I should have HLS for my loan, and buy one of your (short sale) properties 🙂 I may try to arrange that, when the time comes sdr!

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