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SD Realtor
ParticipantPerhaps they got some feedback from the lender that the BPO came in higher then the original listing price so they repriced it so as not to waste anyones time. It is a short sale.
SD Realtor
ParticipantPerhaps they got some feedback from the lender that the BPO came in higher then the original listing price so they repriced it so as not to waste anyones time. It is a short sale.
SD Realtor
ParticipantPerhaps they got some feedback from the lender that the BPO came in higher then the original listing price so they repriced it so as not to waste anyones time. It is a short sale.
SD Realtor
ParticipantWell nostra –
You got the answers! Sorry but I was off line today. My first guess would have been landlocked. Second guess was mitigation land as well. The two best buyers would be either neighbor.
SD Realtor
ParticipantWell nostra –
You got the answers! Sorry but I was off line today. My first guess would have been landlocked. Second guess was mitigation land as well. The two best buyers would be either neighbor.
SD Realtor
ParticipantWell nostra –
You got the answers! Sorry but I was off line today. My first guess would have been landlocked. Second guess was mitigation land as well. The two best buyers would be either neighbor.
SD Realtor
ParticipantWell nostra –
You got the answers! Sorry but I was off line today. My first guess would have been landlocked. Second guess was mitigation land as well. The two best buyers would be either neighbor.
SD Realtor
ParticipantWell nostra –
You got the answers! Sorry but I was off line today. My first guess would have been landlocked. Second guess was mitigation land as well. The two best buyers would be either neighbor.
SD Realtor
ParticipantPasadena Broker I am glad you chimed in. I almost passed out when I got the email.
I have spoke to a few brokers today and I have received a variety of stories. The bottom line is that it all sounds somewhat subjective until we actually see the legislation 100% passed.
Let me be clear on this for everyone, I am by no means in favor of any of this. It is bad in just so many ways that I cannot begin to start.
JWM your point about nobody in the secondary market would buy this crud rings clear but dude… they are FHA insured man. FHA insured. FHA insured. See what I am saying?
Pasadena I am glad that these loans are all full doc but by the same token, if you compare lending guidelines that are in place right now as we type, with the guidelines that will be in affect once this legislation goes through, it will be easier for buyers to qualify tomorrow then it is today. Also there are new homebuyers that effectively are locked out of the market today that will not be tomorrow.
As for myself something like this really bums me out. Hopefully the effects will not be pronounced. I am not advocating for anyone to buy now but to say this will not result in some additional sales is something I do not agree with.
SD Realtor
ParticipantPasadena Broker I am glad you chimed in. I almost passed out when I got the email.
I have spoke to a few brokers today and I have received a variety of stories. The bottom line is that it all sounds somewhat subjective until we actually see the legislation 100% passed.
Let me be clear on this for everyone, I am by no means in favor of any of this. It is bad in just so many ways that I cannot begin to start.
JWM your point about nobody in the secondary market would buy this crud rings clear but dude… they are FHA insured man. FHA insured. FHA insured. See what I am saying?
Pasadena I am glad that these loans are all full doc but by the same token, if you compare lending guidelines that are in place right now as we type, with the guidelines that will be in affect once this legislation goes through, it will be easier for buyers to qualify tomorrow then it is today. Also there are new homebuyers that effectively are locked out of the market today that will not be tomorrow.
As for myself something like this really bums me out. Hopefully the effects will not be pronounced. I am not advocating for anyone to buy now but to say this will not result in some additional sales is something I do not agree with.
SD Realtor
ParticipantPasadena Broker I am glad you chimed in. I almost passed out when I got the email.
I have spoke to a few brokers today and I have received a variety of stories. The bottom line is that it all sounds somewhat subjective until we actually see the legislation 100% passed.
Let me be clear on this for everyone, I am by no means in favor of any of this. It is bad in just so many ways that I cannot begin to start.
JWM your point about nobody in the secondary market would buy this crud rings clear but dude… they are FHA insured man. FHA insured. FHA insured. See what I am saying?
Pasadena I am glad that these loans are all full doc but by the same token, if you compare lending guidelines that are in place right now as we type, with the guidelines that will be in affect once this legislation goes through, it will be easier for buyers to qualify tomorrow then it is today. Also there are new homebuyers that effectively are locked out of the market today that will not be tomorrow.
As for myself something like this really bums me out. Hopefully the effects will not be pronounced. I am not advocating for anyone to buy now but to say this will not result in some additional sales is something I do not agree with.
SD Realtor
ParticipantPasadena Broker I am glad you chimed in. I almost passed out when I got the email.
I have spoke to a few brokers today and I have received a variety of stories. The bottom line is that it all sounds somewhat subjective until we actually see the legislation 100% passed.
Let me be clear on this for everyone, I am by no means in favor of any of this. It is bad in just so many ways that I cannot begin to start.
JWM your point about nobody in the secondary market would buy this crud rings clear but dude… they are FHA insured man. FHA insured. FHA insured. See what I am saying?
Pasadena I am glad that these loans are all full doc but by the same token, if you compare lending guidelines that are in place right now as we type, with the guidelines that will be in affect once this legislation goes through, it will be easier for buyers to qualify tomorrow then it is today. Also there are new homebuyers that effectively are locked out of the market today that will not be tomorrow.
As for myself something like this really bums me out. Hopefully the effects will not be pronounced. I am not advocating for anyone to buy now but to say this will not result in some additional sales is something I do not agree with.
SD Realtor
ParticipantPasadena Broker I am glad you chimed in. I almost passed out when I got the email.
I have spoke to a few brokers today and I have received a variety of stories. The bottom line is that it all sounds somewhat subjective until we actually see the legislation 100% passed.
Let me be clear on this for everyone, I am by no means in favor of any of this. It is bad in just so many ways that I cannot begin to start.
JWM your point about nobody in the secondary market would buy this crud rings clear but dude… they are FHA insured man. FHA insured. FHA insured. See what I am saying?
Pasadena I am glad that these loans are all full doc but by the same token, if you compare lending guidelines that are in place right now as we type, with the guidelines that will be in affect once this legislation goes through, it will be easier for buyers to qualify tomorrow then it is today. Also there are new homebuyers that effectively are locked out of the market today that will not be tomorrow.
As for myself something like this really bums me out. Hopefully the effects will not be pronounced. I am not advocating for anyone to buy now but to say this will not result in some additional sales is something I do not agree with.
SD Realtor
ParticipantLike I said, I don’t do loans… This was sent to me but it would be interesting to hear from some who do loans to comment.
Once again, I am sure many will chime in that of course this is not going to affect the slowdown at all. I have always consistently voiced concern over programs like this and others with a belief that they will indeed affect the slowdown. I don’t believe they will halt the slowdown but to continue to say they will not affect things is something I do not agree with.
I am hoping a mortgage broker reads the above and chimes in that none of it is true. Again, this is all speculative at this point. Yet it is much less speculative then it used to be.
SD Realtor
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