Forum Replies Created
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SD Realtor
ParticipantWatch me pull another rabbit out of my hat!
ParticipantWatch me pull another rabbit out of my hat!
ParticipantWatch me pull another rabbit out of my hat!
ParticipantI can understand the logic… it is simply a kick the can down the road policy and is yet a continuation of policy that will not resolve the problem and simply hopes/waits for inflation to lift valuations.
The real answer lies in letting pricing adjust to an encumbered, unmanipulated price level. This will allow housing to form a proper healthy base which is the foundation of our economy (unfortunately).
Repossession of the homes and putting them on the free market will be painful but in the end will be the best. All of the hundreds of billions and by now even trillions of dollars that have been wasted could be used to subsidize families with help for rent.
SK as a side note I do not see how the actions of either president, Bush or Obama have done anything to promote a stronger dollar. It appears to me that if anything both of their policies have severely weakened the dollar. Perhaps as you stated the intent of congress is to promote a strong dollar but I am not so sure I believe that.
ParticipantI can understand the logic… it is simply a kick the can down the road policy and is yet a continuation of policy that will not resolve the problem and simply hopes/waits for inflation to lift valuations.
The real answer lies in letting pricing adjust to an encumbered, unmanipulated price level. This will allow housing to form a proper healthy base which is the foundation of our economy (unfortunately).
Repossession of the homes and putting them on the free market will be painful but in the end will be the best. All of the hundreds of billions and by now even trillions of dollars that have been wasted could be used to subsidize families with help for rent.
SK as a side note I do not see how the actions of either president, Bush or Obama have done anything to promote a stronger dollar. It appears to me that if anything both of their policies have severely weakened the dollar. Perhaps as you stated the intent of congress is to promote a strong dollar but I am not so sure I believe that.
ParticipantI can understand the logic… it is simply a kick the can down the road policy and is yet a continuation of policy that will not resolve the problem and simply hopes/waits for inflation to lift valuations.
The real answer lies in letting pricing adjust to an encumbered, unmanipulated price level. This will allow housing to form a proper healthy base which is the foundation of our economy (unfortunately).
Repossession of the homes and putting them on the free market will be painful but in the end will be the best. All of the hundreds of billions and by now even trillions of dollars that have been wasted could be used to subsidize families with help for rent.
SK as a side note I do not see how the actions of either president, Bush or Obama have done anything to promote a stronger dollar. It appears to me that if anything both of their policies have severely weakened the dollar. Perhaps as you stated the intent of congress is to promote a strong dollar but I am not so sure I believe that.
ParticipantI can understand the logic… it is simply a kick the can down the road policy and is yet a continuation of policy that will not resolve the problem and simply hopes/waits for inflation to lift valuations.
The real answer lies in letting pricing adjust to an encumbered, unmanipulated price level. This will allow housing to form a proper healthy base which is the foundation of our economy (unfortunately).
Repossession of the homes and putting them on the free market will be painful but in the end will be the best. All of the hundreds of billions and by now even trillions of dollars that have been wasted could be used to subsidize families with help for rent.
SK as a side note I do not see how the actions of either president, Bush or Obama have done anything to promote a stronger dollar. It appears to me that if anything both of their policies have severely weakened the dollar. Perhaps as you stated the intent of congress is to promote a strong dollar but I am not so sure I believe that.
ParticipantI can understand the logic… it is simply a kick the can down the road policy and is yet a continuation of policy that will not resolve the problem and simply hopes/waits for inflation to lift valuations.
The real answer lies in letting pricing adjust to an encumbered, unmanipulated price level. This will allow housing to form a proper healthy base which is the foundation of our economy (unfortunately).
Repossession of the homes and putting them on the free market will be painful but in the end will be the best. All of the hundreds of billions and by now even trillions of dollars that have been wasted could be used to subsidize families with help for rent.
SK as a side note I do not see how the actions of either president, Bush or Obama have done anything to promote a stronger dollar. It appears to me that if anything both of their policies have severely weakened the dollar. Perhaps as you stated the intent of congress is to promote a strong dollar but I am not so sure I believe that.
ParticipantScarlett don’t mean to poop on the parade but I would pass on all three homes. The proximity to 56 is the primary reason. Both Adolphia and Pipilo are not what you would call quiet streets. They are not super busy by any means but not my personal cup of tea and I have advised my clients looking in PQ to pass on these homes and sit tight.
The “equity sale” you are referring to is with respect to 9521 based on what the loan balances are on the tax rolls. When this one goes to foreclosure it will most likely sell for much more then what is owed on the home. While the seller is in default the balances owed on the mortgages will be covered even if it sells for quite a bit under list price.
The market time for all of these properties should tell you to either stay away or seriously lowball them.
However if it were me, I would pass. Not worth spending half a million bucks to live within a stones throw of a freeway.
ParticipantScarlett don’t mean to poop on the parade but I would pass on all three homes. The proximity to 56 is the primary reason. Both Adolphia and Pipilo are not what you would call quiet streets. They are not super busy by any means but not my personal cup of tea and I have advised my clients looking in PQ to pass on these homes and sit tight.
The “equity sale” you are referring to is with respect to 9521 based on what the loan balances are on the tax rolls. When this one goes to foreclosure it will most likely sell for much more then what is owed on the home. While the seller is in default the balances owed on the mortgages will be covered even if it sells for quite a bit under list price.
The market time for all of these properties should tell you to either stay away or seriously lowball them.
However if it were me, I would pass. Not worth spending half a million bucks to live within a stones throw of a freeway.
ParticipantScarlett don’t mean to poop on the parade but I would pass on all three homes. The proximity to 56 is the primary reason. Both Adolphia and Pipilo are not what you would call quiet streets. They are not super busy by any means but not my personal cup of tea and I have advised my clients looking in PQ to pass on these homes and sit tight.
The “equity sale” you are referring to is with respect to 9521 based on what the loan balances are on the tax rolls. When this one goes to foreclosure it will most likely sell for much more then what is owed on the home. While the seller is in default the balances owed on the mortgages will be covered even if it sells for quite a bit under list price.
The market time for all of these properties should tell you to either stay away or seriously lowball them.
However if it were me, I would pass. Not worth spending half a million bucks to live within a stones throw of a freeway.
ParticipantScarlett don’t mean to poop on the parade but I would pass on all three homes. The proximity to 56 is the primary reason. Both Adolphia and Pipilo are not what you would call quiet streets. They are not super busy by any means but not my personal cup of tea and I have advised my clients looking in PQ to pass on these homes and sit tight.
The “equity sale” you are referring to is with respect to 9521 based on what the loan balances are on the tax rolls. When this one goes to foreclosure it will most likely sell for much more then what is owed on the home. While the seller is in default the balances owed on the mortgages will be covered even if it sells for quite a bit under list price.
The market time for all of these properties should tell you to either stay away or seriously lowball them.
However if it were me, I would pass. Not worth spending half a million bucks to live within a stones throw of a freeway.
ParticipantScarlett don’t mean to poop on the parade but I would pass on all three homes. The proximity to 56 is the primary reason. Both Adolphia and Pipilo are not what you would call quiet streets. They are not super busy by any means but not my personal cup of tea and I have advised my clients looking in PQ to pass on these homes and sit tight.
The “equity sale” you are referring to is with respect to 9521 based on what the loan balances are on the tax rolls. When this one goes to foreclosure it will most likely sell for much more then what is owed on the home. While the seller is in default the balances owed on the mortgages will be covered even if it sells for quite a bit under list price.
The market time for all of these properties should tell you to either stay away or seriously lowball them.
However if it were me, I would pass. Not worth spending half a million bucks to live within a stones throw of a freeway.
Participantflu I understand but what is on the tax record and what the lender requires are orthogonal. The lender will not lend to a trust, period. The lender will lend to a person or persons for residential real estate. Forget corp entities for the moment. So in order to get financing the trust deed will be in their name. No way around it. Once that is recorded then that will be on the tax record. Now, they can create a trust and move it into the trust and record that deed. However the initial financing will be done AND recorded in their name. If they wanna pay cash for the home, then it is a different story.
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