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March 28, 2010 at 9:20 AM in reply to: Lower Home Prices Can Fix What Government Can’t: Caroline Baum #532662March 28, 2010 at 9:20 AM in reply to: Lower Home Prices Can Fix What Government Can’t: Caroline Baum #533114
SD Realtor
ParticipantSorry Arraya –
You can cut and paste all the articles and quotes you want….
Quoted from the 1/27/10 State of the Union Address from our president:
That’s why we’re nearly doubling the child care tax credit, and making it easier to save for retirement by giving every worker access to a retirement account and expanding the tax credit for those who start a nest egg. That’s why we’re working to lift the value of a family’s single largest investment – their home. The steps we took last year to shore up the housing market have allowed millions of Americans to take out new loans and save an average of $1,500 on mortgage payments. This year, we will step up re-financing so that homeowners can move into more affordable mortgages. And it is precisely to relieve the burden on middle-class families that we still need health insurance reform.
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Doesn’t sound to me as if the administration is on the same page.
March 28, 2010 at 9:20 AM in reply to: Lower Home Prices Can Fix What Government Can’t: Caroline Baum #533210SD Realtor
ParticipantSorry Arraya –
You can cut and paste all the articles and quotes you want….
Quoted from the 1/27/10 State of the Union Address from our president:
That’s why we’re nearly doubling the child care tax credit, and making it easier to save for retirement by giving every worker access to a retirement account and expanding the tax credit for those who start a nest egg. That’s why we’re working to lift the value of a family’s single largest investment – their home. The steps we took last year to shore up the housing market have allowed millions of Americans to take out new loans and save an average of $1,500 on mortgage payments. This year, we will step up re-financing so that homeowners can move into more affordable mortgages. And it is precisely to relieve the burden on middle-class families that we still need health insurance reform.
*****
Doesn’t sound to me as if the administration is on the same page.
March 28, 2010 at 9:20 AM in reply to: Lower Home Prices Can Fix What Government Can’t: Caroline Baum #533471SD Realtor
ParticipantSorry Arraya –
You can cut and paste all the articles and quotes you want….
Quoted from the 1/27/10 State of the Union Address from our president:
That’s why we’re nearly doubling the child care tax credit, and making it easier to save for retirement by giving every worker access to a retirement account and expanding the tax credit for those who start a nest egg. That’s why we’re working to lift the value of a family’s single largest investment – their home. The steps we took last year to shore up the housing market have allowed millions of Americans to take out new loans and save an average of $1,500 on mortgage payments. This year, we will step up re-financing so that homeowners can move into more affordable mortgages. And it is precisely to relieve the burden on middle-class families that we still need health insurance reform.
*****
Doesn’t sound to me as if the administration is on the same page.
SD Realtor
ParticipantAwesome Rus!
SD Realtor
ParticipantAwesome Rus!
SD Realtor
ParticipantAwesome Rus!
SD Realtor
ParticipantAwesome Rus!
SD Realtor
ParticipantAwesome Rus!
SD Realtor
ParticipantIf your agent follows procedure and you really want to bail out then he/she should have already submitted a notice to perform for the seller. Since the seller would be in default it would “appear” that you could get your deposit back. HOWEVER, the addendums that the REO seller usually has the buyer sign are pretty restrictive and may bind you to the deal even though it is the seller who is in default. One thing that puzzles me is if this is the place you really want, and it is a CASH deal, (so you are not losing a loan lock) is being a few days or even a week late that much of a show stopper or are there other factors and you just want an out? (not that it matters)
Again your agent should be able to advise you on this matter.
SD Realtor
ParticipantIf your agent follows procedure and you really want to bail out then he/she should have already submitted a notice to perform for the seller. Since the seller would be in default it would “appear” that you could get your deposit back. HOWEVER, the addendums that the REO seller usually has the buyer sign are pretty restrictive and may bind you to the deal even though it is the seller who is in default. One thing that puzzles me is if this is the place you really want, and it is a CASH deal, (so you are not losing a loan lock) is being a few days or even a week late that much of a show stopper or are there other factors and you just want an out? (not that it matters)
Again your agent should be able to advise you on this matter.
SD Realtor
ParticipantIf your agent follows procedure and you really want to bail out then he/she should have already submitted a notice to perform for the seller. Since the seller would be in default it would “appear” that you could get your deposit back. HOWEVER, the addendums that the REO seller usually has the buyer sign are pretty restrictive and may bind you to the deal even though it is the seller who is in default. One thing that puzzles me is if this is the place you really want, and it is a CASH deal, (so you are not losing a loan lock) is being a few days or even a week late that much of a show stopper or are there other factors and you just want an out? (not that it matters)
Again your agent should be able to advise you on this matter.
SD Realtor
ParticipantIf your agent follows procedure and you really want to bail out then he/she should have already submitted a notice to perform for the seller. Since the seller would be in default it would “appear” that you could get your deposit back. HOWEVER, the addendums that the REO seller usually has the buyer sign are pretty restrictive and may bind you to the deal even though it is the seller who is in default. One thing that puzzles me is if this is the place you really want, and it is a CASH deal, (so you are not losing a loan lock) is being a few days or even a week late that much of a show stopper or are there other factors and you just want an out? (not that it matters)
Again your agent should be able to advise you on this matter.
SD Realtor
ParticipantIf your agent follows procedure and you really want to bail out then he/she should have already submitted a notice to perform for the seller. Since the seller would be in default it would “appear” that you could get your deposit back. HOWEVER, the addendums that the REO seller usually has the buyer sign are pretty restrictive and may bind you to the deal even though it is the seller who is in default. One thing that puzzles me is if this is the place you really want, and it is a CASH deal, (so you are not losing a loan lock) is being a few days or even a week late that much of a show stopper or are there other factors and you just want an out? (not that it matters)
Again your agent should be able to advise you on this matter.
SD Realtor
Participantsdr got the email. Thanks for that. I will send that to him. Not sure if you have already scoped the listing out or not but if you see the listing agent… well you know where I am going with it.
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