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SD Realtor
ParticipantI call it cheating because in some situations they are not getting the top dollar for thier client the bank.
It has nothing to do with the buyer. If I have 5 days to get a buyer for a property I can gaurantee you I will get more buyers and a higher price by putting it on the MLS then not. The higher price in most cases will surpass the coop commission.
ParticipantI call it cheating because in some situations they are not getting the top dollar for thier client the bank.
It has nothing to do with the buyer. If I have 5 days to get a buyer for a property I can gaurantee you I will get more buyers and a higher price by putting it on the MLS then not. The higher price in most cases will surpass the coop commission.
ParticipantI call it cheating because in some situations they are not getting the top dollar for thier client the bank.
It has nothing to do with the buyer. If I have 5 days to get a buyer for a property I can gaurantee you I will get more buyers and a higher price by putting it on the MLS then not. The higher price in most cases will surpass the coop commission.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantPersonally I do not make any assumptions on any short sales. I have seen the same lender react in very different manners. I have seen 2nd lien holders ask for up to 50 percent of the second lien. I have seen many demands for the conversion to an unsecured note as well.
Please listen.
The final terms of any short sale for approval will vary and are independent. Don’t lump them together. Don’t make any assumptions about what a seller can or cannot do.
Another thing. I have seen second lien holders increase demands for lien releases. What has not been discussed here is that many seconds have been totally charged off already. So if I am a second lien holder and I have already charged off the loan why should I take the 3k offer from the first when I can shoot for 25k? So what if it forcloses? The first can have it because I have charged it off anyways.
sdrealtor has done a lot of shorts so he may see different things. All I know is don’t make assumptions.
ParticipantHi Jeeman
I did not consider that one. I see the drop to 196 but I cut that retracement off at the 263 level that it hit on Dec 9th in 1929. From that level it went back down to 240 and then back to the 294 level you indicated. To me (and I am by no means a technical expert) that would indicate two seperate lower lows and highs.
Again, to me the market is a rigged game.
When you go to vegas you will lose if you play long enough. You will lose everything. If you don’t play you will lose nothing. It is all about risk and the market is not any different. If you have no appetite for risk then don’t play at all. However it is far to easy to come out and say after the runup that we have had that this is a suckers rally. It is harder to say I was a sucker for not buying into the rally at 7000, or 7500 or even 8000. Nobody forces you to stay in.
Also we are in a far far far more manipulated market now more then ever and I believe it will be dictated by the powers that be that the market will not be “allowed” to fall in the same percentages as it did in 1929.
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