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SD Realtor
ParticipantFLU I have to admit that I tend to agree with Eugene. I think that even if a goat were president, economies do cycle and in a few years the natural cycle will turn up again. I hope it is not the case but I really do think it will be that way.
One thing that is somewhat ironic is the president of France seems to have more of a backbone then our president. This is a strange world we live in.
As for the game being rigged?
How can that be news to anyone? The lady in PB who is a default queen… do you guys think she is dumb… or perhaps she is pretty smart. I would assume she knows exactly what she is doing. Also it is quite convenient to blame speculators and people like her for running the market up. However consider that many people who did not speculate but simply bought something they couldn’t afford were just as responsible for pricing you and I out of the market.
We are in an era where people have thrown in the towel and said screw it, government “take care of me”. Get as large as you have to get, tax us as much as you have to, just take care of us. Guys like Barney Frank and his boy Chuckie and Dodd have more power now then they have ever had. The game was rigged in the Bush years and now it is even more rigged. I agree and am angry as well.
The best thing I can propose is to try to figure out a way to make money off it rather then fight it.
ParticipantFLU I have to admit that I tend to agree with Eugene. I think that even if a goat were president, economies do cycle and in a few years the natural cycle will turn up again. I hope it is not the case but I really do think it will be that way.
One thing that is somewhat ironic is the president of France seems to have more of a backbone then our president. This is a strange world we live in.
As for the game being rigged?
How can that be news to anyone? The lady in PB who is a default queen… do you guys think she is dumb… or perhaps she is pretty smart. I would assume she knows exactly what she is doing. Also it is quite convenient to blame speculators and people like her for running the market up. However consider that many people who did not speculate but simply bought something they couldn’t afford were just as responsible for pricing you and I out of the market.
We are in an era where people have thrown in the towel and said screw it, government “take care of me”. Get as large as you have to get, tax us as much as you have to, just take care of us. Guys like Barney Frank and his boy Chuckie and Dodd have more power now then they have ever had. The game was rigged in the Bush years and now it is even more rigged. I agree and am angry as well.
The best thing I can propose is to try to figure out a way to make money off it rather then fight it.
ParticipantFLU I have to admit that I tend to agree with Eugene. I think that even if a goat were president, economies do cycle and in a few years the natural cycle will turn up again. I hope it is not the case but I really do think it will be that way.
One thing that is somewhat ironic is the president of France seems to have more of a backbone then our president. This is a strange world we live in.
As for the game being rigged?
How can that be news to anyone? The lady in PB who is a default queen… do you guys think she is dumb… or perhaps she is pretty smart. I would assume she knows exactly what she is doing. Also it is quite convenient to blame speculators and people like her for running the market up. However consider that many people who did not speculate but simply bought something they couldn’t afford were just as responsible for pricing you and I out of the market.
We are in an era where people have thrown in the towel and said screw it, government “take care of me”. Get as large as you have to get, tax us as much as you have to, just take care of us. Guys like Barney Frank and his boy Chuckie and Dodd have more power now then they have ever had. The game was rigged in the Bush years and now it is even more rigged. I agree and am angry as well.
The best thing I can propose is to try to figure out a way to make money off it rather then fight it.
ParticipantNobody is forcing you to compete. Just wait.
ParticipantNobody is forcing you to compete. Just wait.
ParticipantNobody is forcing you to compete. Just wait.
ParticipantNobody is forcing you to compete. Just wait.
ParticipantNobody is forcing you to compete. Just wait.
ParticipantAldante there is alot of buying pressure out there.
Why does reporting of facts have to be confused with being bullish or bearish about the market. If you want to hold your head in the sand that is okay with me. If you are in any way, shape or form a serious buyer then you would see how terribly frustrating it is out there for buyers right now.
Don’t confuse knowing what is going on with the market with what you want the market to do.
A statement of fact with regards to conditions to buy is orthogonal to shadow inventory, and mortgage recasts, lender writedowns, Obama bailouts and whatever else both bulls and bears want to dredge up.
It is very simple, if you want to buy now prepare to deal with an insidious market. My advice is to wait.
ParticipantAldante there is alot of buying pressure out there.
Why does reporting of facts have to be confused with being bullish or bearish about the market. If you want to hold your head in the sand that is okay with me. If you are in any way, shape or form a serious buyer then you would see how terribly frustrating it is out there for buyers right now.
Don’t confuse knowing what is going on with the market with what you want the market to do.
A statement of fact with regards to conditions to buy is orthogonal to shadow inventory, and mortgage recasts, lender writedowns, Obama bailouts and whatever else both bulls and bears want to dredge up.
It is very simple, if you want to buy now prepare to deal with an insidious market. My advice is to wait.
ParticipantAldante there is alot of buying pressure out there.
Why does reporting of facts have to be confused with being bullish or bearish about the market. If you want to hold your head in the sand that is okay with me. If you are in any way, shape or form a serious buyer then you would see how terribly frustrating it is out there for buyers right now.
Don’t confuse knowing what is going on with the market with what you want the market to do.
A statement of fact with regards to conditions to buy is orthogonal to shadow inventory, and mortgage recasts, lender writedowns, Obama bailouts and whatever else both bulls and bears want to dredge up.
It is very simple, if you want to buy now prepare to deal with an insidious market. My advice is to wait.
ParticipantAldante there is alot of buying pressure out there.
Why does reporting of facts have to be confused with being bullish or bearish about the market. If you want to hold your head in the sand that is okay with me. If you are in any way, shape or form a serious buyer then you would see how terribly frustrating it is out there for buyers right now.
Don’t confuse knowing what is going on with the market with what you want the market to do.
A statement of fact with regards to conditions to buy is orthogonal to shadow inventory, and mortgage recasts, lender writedowns, Obama bailouts and whatever else both bulls and bears want to dredge up.
It is very simple, if you want to buy now prepare to deal with an insidious market. My advice is to wait.
ParticipantAldante there is alot of buying pressure out there.
Why does reporting of facts have to be confused with being bullish or bearish about the market. If you want to hold your head in the sand that is okay with me. If you are in any way, shape or form a serious buyer then you would see how terribly frustrating it is out there for buyers right now.
Don’t confuse knowing what is going on with the market with what you want the market to do.
A statement of fact with regards to conditions to buy is orthogonal to shadow inventory, and mortgage recasts, lender writedowns, Obama bailouts and whatever else both bulls and bears want to dredge up.
It is very simple, if you want to buy now prepare to deal with an insidious market. My advice is to wait.
ParticipantWowsers…
Okay I do not KNOW FOR SURE the answer to your questions. Number 1, the FHA waiver, by common sense should apply to you. However I am not sure if it will. In reality it is going to be up to your lender. If they say that the seasoning is going to be needed then there is not much you can do about that… sorry to say. This is definitely something you need to talk to your mortgage broker about.
Why the seller did the transfer? Well if the home is part of a corporation but then the corp declares bankruptcy… you see where I am going with this? Basically it sounds as if he was contemplating a stall tactic. Then at some point found it perhaps would not work because even though the title was in the corporate name, the loan was not. Anyways that is just speculation on my part and may be totally wrong.
Also you talked about escrow. So I take it your offer was accepted by the lender and they sent an agreement to release the lien correct? That is good. So when they did that, I assume you then opened escrow right? After that you then did your inspection and appraisal. Yeah I would agree… kind of a mess.
As far as the fha waiver expiration… yeah that is bad news. If it was before 6/9 you were good to go but after 6/9… Honestly again, I would have to defer to your broker. However take heart because by the time an reo gets processed and relisted, you are close to the 90 days anyways.
Conventional verses fha? Well my experience is that sellers, both regular resale, and lenders who are short selling and reo sellers prefer conventional over fha but that doesnt mean they will turn down fha…
I probably didn’t answer much…
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