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SD Realtor
ParticipantActually it is a screw up by his agent as well. There are two MLS listings for this property with unique MLS numbers. The first is in withdrawn status as of 2/2/08 and the second expired after 28 days on 2/1/08.
Since I need to watch what I say I will not say anything disparraging.
SD Realtor
ParticipantActually it is a screw up by his agent as well. There are two MLS listings for this property with unique MLS numbers. The first is in withdrawn status as of 2/2/08 and the second expired after 28 days on 2/1/08.
Since I need to watch what I say I will not say anything disparraging.
SD Realtor
February 28, 2008 at 10:46 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162382ParticipantActually loan rewrites/forgiveness/whatever you want to call them is something that Piggs should be very much against.
1 – Will you get dinged on your credit? Maybe/Maybe not. Credit scores get dinged if your creditor makes a report to credit agencies. What follows is speculative by me but if you are simply negotiating a deal with the lender it seems that this is kind of a voluntary deal and you could most likely strike the deal where the lender will not make a report to the credit agencies that will affect your score. Again that is a SPECULATIVE STATEMENT.
2 – What is far worse though is that this is a very real way to accomodate the bearish point of view without affecting comps. What if we had tens of thousands of rewrites? There is no formal way for an appraiser to figure out which homes were forgiven. If you look at the tax roll the new loan will simply look like a refinance. Who is to say which tax rolls were forgiveness acts and which were true refinances. You see what I am saying?
From the perspective of a person who wants to buy, who wants to see the depreciation continue, I am very much against these sorts of rewrites.
SD Realtor
February 28, 2008 at 10:46 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162677ParticipantActually loan rewrites/forgiveness/whatever you want to call them is something that Piggs should be very much against.
1 – Will you get dinged on your credit? Maybe/Maybe not. Credit scores get dinged if your creditor makes a report to credit agencies. What follows is speculative by me but if you are simply negotiating a deal with the lender it seems that this is kind of a voluntary deal and you could most likely strike the deal where the lender will not make a report to the credit agencies that will affect your score. Again that is a SPECULATIVE STATEMENT.
2 – What is far worse though is that this is a very real way to accomodate the bearish point of view without affecting comps. What if we had tens of thousands of rewrites? There is no formal way for an appraiser to figure out which homes were forgiven. If you look at the tax roll the new loan will simply look like a refinance. Who is to say which tax rolls were forgiveness acts and which were true refinances. You see what I am saying?
From the perspective of a person who wants to buy, who wants to see the depreciation continue, I am very much against these sorts of rewrites.
SD Realtor
February 28, 2008 at 10:46 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162694ParticipantActually loan rewrites/forgiveness/whatever you want to call them is something that Piggs should be very much against.
1 – Will you get dinged on your credit? Maybe/Maybe not. Credit scores get dinged if your creditor makes a report to credit agencies. What follows is speculative by me but if you are simply negotiating a deal with the lender it seems that this is kind of a voluntary deal and you could most likely strike the deal where the lender will not make a report to the credit agencies that will affect your score. Again that is a SPECULATIVE STATEMENT.
2 – What is far worse though is that this is a very real way to accomodate the bearish point of view without affecting comps. What if we had tens of thousands of rewrites? There is no formal way for an appraiser to figure out which homes were forgiven. If you look at the tax roll the new loan will simply look like a refinance. Who is to say which tax rolls were forgiveness acts and which were true refinances. You see what I am saying?
From the perspective of a person who wants to buy, who wants to see the depreciation continue, I am very much against these sorts of rewrites.
SD Realtor
February 28, 2008 at 10:46 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162710ParticipantActually loan rewrites/forgiveness/whatever you want to call them is something that Piggs should be very much against.
1 – Will you get dinged on your credit? Maybe/Maybe not. Credit scores get dinged if your creditor makes a report to credit agencies. What follows is speculative by me but if you are simply negotiating a deal with the lender it seems that this is kind of a voluntary deal and you could most likely strike the deal where the lender will not make a report to the credit agencies that will affect your score. Again that is a SPECULATIVE STATEMENT.
2 – What is far worse though is that this is a very real way to accomodate the bearish point of view without affecting comps. What if we had tens of thousands of rewrites? There is no formal way for an appraiser to figure out which homes were forgiven. If you look at the tax roll the new loan will simply look like a refinance. Who is to say which tax rolls were forgiveness acts and which were true refinances. You see what I am saying?
From the perspective of a person who wants to buy, who wants to see the depreciation continue, I am very much against these sorts of rewrites.
SD Realtor
February 28, 2008 at 10:46 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162781ParticipantActually loan rewrites/forgiveness/whatever you want to call them is something that Piggs should be very much against.
1 – Will you get dinged on your credit? Maybe/Maybe not. Credit scores get dinged if your creditor makes a report to credit agencies. What follows is speculative by me but if you are simply negotiating a deal with the lender it seems that this is kind of a voluntary deal and you could most likely strike the deal where the lender will not make a report to the credit agencies that will affect your score. Again that is a SPECULATIVE STATEMENT.
2 – What is far worse though is that this is a very real way to accomodate the bearish point of view without affecting comps. What if we had tens of thousands of rewrites? There is no formal way for an appraiser to figure out which homes were forgiven. If you look at the tax roll the new loan will simply look like a refinance. Who is to say which tax rolls were forgiveness acts and which were true refinances. You see what I am saying?
From the perspective of a person who wants to buy, who wants to see the depreciation continue, I am very much against these sorts of rewrites.
SD Realtor
Participant“How do we get the word out so that the tide of people being victimized stops rising?”
I don’t think you can…
Think about it… cons prey on peoples base instinct of greed. Yes there are many who prey on the elderly and such but that is not anything we can prevent because the elderly and others are usually running through their own lives in a diminished capacity intellectually.
All you can do is to be prudent OR to acknowledge the risk and invest the appropriate amount of money knowing that the money can in all likelihood fly away.
Cons will ALWAYS be around…white collar, blue collar, whatever. They will take all sorts of shapes and forms. You are waging a battle against yours and that is great. There is no argument that you guys were swindled. Yet the argument I think that FLU and others were making to Core Client, (and I had even chimed in) was that even without the criminal element, the base instinct that drove the purchases was one of being able to take advantage of a speculative housing market.
Also there are plenty of people who are not ever the victims of some kind of crook. Lots of them. They just never give into the greed instinct. However no risk and no reward correct? Anyways in your personal case you did admit it was greed and yes it does suck that you guys were shiestered.
SD Realtor
Participant“How do we get the word out so that the tide of people being victimized stops rising?”
I don’t think you can…
Think about it… cons prey on peoples base instinct of greed. Yes there are many who prey on the elderly and such but that is not anything we can prevent because the elderly and others are usually running through their own lives in a diminished capacity intellectually.
All you can do is to be prudent OR to acknowledge the risk and invest the appropriate amount of money knowing that the money can in all likelihood fly away.
Cons will ALWAYS be around…white collar, blue collar, whatever. They will take all sorts of shapes and forms. You are waging a battle against yours and that is great. There is no argument that you guys were swindled. Yet the argument I think that FLU and others were making to Core Client, (and I had even chimed in) was that even without the criminal element, the base instinct that drove the purchases was one of being able to take advantage of a speculative housing market.
Also there are plenty of people who are not ever the victims of some kind of crook. Lots of them. They just never give into the greed instinct. However no risk and no reward correct? Anyways in your personal case you did admit it was greed and yes it does suck that you guys were shiestered.
SD Realtor
Participant“How do we get the word out so that the tide of people being victimized stops rising?”
I don’t think you can…
Think about it… cons prey on peoples base instinct of greed. Yes there are many who prey on the elderly and such but that is not anything we can prevent because the elderly and others are usually running through their own lives in a diminished capacity intellectually.
All you can do is to be prudent OR to acknowledge the risk and invest the appropriate amount of money knowing that the money can in all likelihood fly away.
Cons will ALWAYS be around…white collar, blue collar, whatever. They will take all sorts of shapes and forms. You are waging a battle against yours and that is great. There is no argument that you guys were swindled. Yet the argument I think that FLU and others were making to Core Client, (and I had even chimed in) was that even without the criminal element, the base instinct that drove the purchases was one of being able to take advantage of a speculative housing market.
Also there are plenty of people who are not ever the victims of some kind of crook. Lots of them. They just never give into the greed instinct. However no risk and no reward correct? Anyways in your personal case you did admit it was greed and yes it does suck that you guys were shiestered.
SD Realtor
Participant“How do we get the word out so that the tide of people being victimized stops rising?”
I don’t think you can…
Think about it… cons prey on peoples base instinct of greed. Yes there are many who prey on the elderly and such but that is not anything we can prevent because the elderly and others are usually running through their own lives in a diminished capacity intellectually.
All you can do is to be prudent OR to acknowledge the risk and invest the appropriate amount of money knowing that the money can in all likelihood fly away.
Cons will ALWAYS be around…white collar, blue collar, whatever. They will take all sorts of shapes and forms. You are waging a battle against yours and that is great. There is no argument that you guys were swindled. Yet the argument I think that FLU and others were making to Core Client, (and I had even chimed in) was that even without the criminal element, the base instinct that drove the purchases was one of being able to take advantage of a speculative housing market.
Also there are plenty of people who are not ever the victims of some kind of crook. Lots of them. They just never give into the greed instinct. However no risk and no reward correct? Anyways in your personal case you did admit it was greed and yes it does suck that you guys were shiestered.
SD Realtor
Participant“How do we get the word out so that the tide of people being victimized stops rising?”
I don’t think you can…
Think about it… cons prey on peoples base instinct of greed. Yes there are many who prey on the elderly and such but that is not anything we can prevent because the elderly and others are usually running through their own lives in a diminished capacity intellectually.
All you can do is to be prudent OR to acknowledge the risk and invest the appropriate amount of money knowing that the money can in all likelihood fly away.
Cons will ALWAYS be around…white collar, blue collar, whatever. They will take all sorts of shapes and forms. You are waging a battle against yours and that is great. There is no argument that you guys were swindled. Yet the argument I think that FLU and others were making to Core Client, (and I had even chimed in) was that even without the criminal element, the base instinct that drove the purchases was one of being able to take advantage of a speculative housing market.
Also there are plenty of people who are not ever the victims of some kind of crook. Lots of them. They just never give into the greed instinct. However no risk and no reward correct? Anyways in your personal case you did admit it was greed and yes it does suck that you guys were shiestered.
SD Realtor
ParticipantConned by Crooks
If you follow the link I provided the case is in court due to receivership but that has nothing to do with criminal charges.
SD Realtor
ParticipantConned by Crooks
If you follow the link I provided the case is in court due to receivership but that has nothing to do with criminal charges.
SD Realtor
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