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SD Realtor
ParticipantMake no mistakes about it, there will be more sales activity due to this stimulus whether we are talking FHA or the conforming limits. To be sure, to me this simply represents a further burden to the taxpayers…. it is just delaying the inevitable….we will pay though, it doesn’t matter how prudent we are.
SD Realtor
ParticipantMake no mistakes about it, there will be more sales activity due to this stimulus whether we are talking FHA or the conforming limits. To be sure, to me this simply represents a further burden to the taxpayers…. it is just delaying the inevitable….we will pay though, it doesn’t matter how prudent we are.
SD Realtor
ParticipantMake no mistakes about it, there will be more sales activity due to this stimulus whether we are talking FHA or the conforming limits. To be sure, to me this simply represents a further burden to the taxpayers…. it is just delaying the inevitable….we will pay though, it doesn’t matter how prudent we are.
SD Realtor
ParticipantThus, this is the reason why I think it will take quite awhile to reach the bottom in certain areas.
SD Realtor
ParticipantThus, this is the reason why I think it will take quite awhile to reach the bottom in certain areas.
SD Realtor
ParticipantThus, this is the reason why I think it will take quite awhile to reach the bottom in certain areas.
SD Realtor
ParticipantThus, this is the reason why I think it will take quite awhile to reach the bottom in certain areas.
SD Realtor
ParticipantThus, this is the reason why I think it will take quite awhile to reach the bottom in certain areas.
SD Realtor
ParticipantYou can call Jeff Karchin. Look him up on line. If you are going for that type of quality why not just FSBO it?
Also there is Help U Sell. Try them. Rustico posts here and he is low cost as I am as well. However if you are looking for someone that is gonna do it for a few hundred bucks then stick with Karchin.
SD Realtor
ParticipantYou can call Jeff Karchin. Look him up on line. If you are going for that type of quality why not just FSBO it?
Also there is Help U Sell. Try them. Rustico posts here and he is low cost as I am as well. However if you are looking for someone that is gonna do it for a few hundred bucks then stick with Karchin.
SD Realtor
ParticipantYou can call Jeff Karchin. Look him up on line. If you are going for that type of quality why not just FSBO it?
Also there is Help U Sell. Try them. Rustico posts here and he is low cost as I am as well. However if you are looking for someone that is gonna do it for a few hundred bucks then stick with Karchin.
SD Realtor
ParticipantYou can call Jeff Karchin. Look him up on line. If you are going for that type of quality why not just FSBO it?
Also there is Help U Sell. Try them. Rustico posts here and he is low cost as I am as well. However if you are looking for someone that is gonna do it for a few hundred bucks then stick with Karchin.
SD Realtor
ParticipantYou can call Jeff Karchin. Look him up on line. If you are going for that type of quality why not just FSBO it?
Also there is Help U Sell. Try them. Rustico posts here and he is low cost as I am as well. However if you are looking for someone that is gonna do it for a few hundred bucks then stick with Karchin.
SD Realtor
February 10, 2008 at 9:29 AM in reply to: How come no talk of the 2nd wave of mortgage resets (ie. option ARMs) in 2009-2012?!? #150769ParticipantFirst off, I believe the lag time is longer then 6 months regarding a reset and then a foreclosure. I think in reality it is closer to 9 months. The banks are so overwhelmed that it seems NODs don’t even go out until the 4th or 5th month after the first missed payment. Then there is another 3 months for the NOT. It is now becoming commonplace for NOTs to get postponed. I have a listing right now and we just received our 4th postponement while the lender reviews another offer.
So I think the shift to the right is greater then suspected.
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I give odds of at least 50/50 that we WILL see a socialization of housing coming with the next president. If it is Billary then those odds are higher. If it is Mcopentheborders the odds are a little lower. The program arraya posted about is a perfect example. Don’t be surprised if YOUR government subsidizes these homes.
The BEST CASE will indeed be if this second wave hits. In the end yeah we would see another 2 years of very nice price declines in areas that most of us want to live in thus pushing a bottom out until 2012.
4plex your example is a good one however don’t underestimate the establishment to get around the catch you posed. If the gov and banks can simply change the rules. Why not amortize the loan over 50 years, 100 years? Why not just have the taxpayers suck up more then the 180k that is owed in your example where they continue to subsidize the difference between what the owner can afford and what the real payment should be?
Don’t underestimate our next president.
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