Forum Replies Created
-
AuthorPosts
-
temeculaguy
Participant[quote=Ricechex][quote=Aecetia]Go buy the biggest television they have and enjoy it. No one I know deserves it more. You need to do this. [/quote]
Aecetia–were you being sarcastic? I have never quite understood this “you deserve it” mantra. Who says a person “deserves” anything? My basic philosophy is: if you can’t afford to pay in cash, then you don’t deserve it.[/quote]
She wasn’t being sarcastic, she actually has known me in the real world long before piggington existed and knows my quirks, one of them being that I am overly conservative financially. It’s a personality flaw, she knows it and her advice only applies to me, it is far from what she was taken to task as ecouraging a consumerism mentality. Without boring you with the details of my financial situation, I suffer from buyers remorse, I’m afraid that if i buy big tv’s, they will become cheaper, even though I’d benefit from one, even though I can easily afford to pay cash, even though that cash has no other purpose, I have no debts, no cc bills, no car payments and a 401k that I’ll never live long enough to spend, yet I still can’t bring myself to spending money on something I can live without. I’m an inverted shopaholic, I find happiness in eating hot dogs on a steak budget, she knows this and thinks I would benefit from letting loose a little and buying something I want, not just need. At some point I’ll realize I can’t take it with me, but black friday came and went and I didn’t buy anything for myself, still have the little cheapo t.v., still can’t read the score of the laker game on it.
We all have our issues, that one is mine, it could be worse. I did pretty good, I went to three stores, measured the space where it would go, compared prices, looked at the screens, but ended up wussing out. My daughter teased me in the store as i toiled with the decision, she remarked that I’ve spent more on picking up the tab for a birthday party, buying cars or college funds for my kids, but $600 for a t.v. and I almost have a seizure. Who says we have to make sense all the time? Who on these boards can say that they don’t have at least one personality flaw that they rationalize?
Participant[quote=Ricechex][quote=Aecetia]Go buy the biggest television they have and enjoy it. No one I know deserves it more. You need to do this. [/quote]
Aecetia–were you being sarcastic? I have never quite understood this “you deserve it” mantra. Who says a person “deserves” anything? My basic philosophy is: if you can’t afford to pay in cash, then you don’t deserve it.[/quote]
She wasn’t being sarcastic, she actually has known me in the real world long before piggington existed and knows my quirks, one of them being that I am overly conservative financially. It’s a personality flaw, she knows it and her advice only applies to me, it is far from what she was taken to task as ecouraging a consumerism mentality. Without boring you with the details of my financial situation, I suffer from buyers remorse, I’m afraid that if i buy big tv’s, they will become cheaper, even though I’d benefit from one, even though I can easily afford to pay cash, even though that cash has no other purpose, I have no debts, no cc bills, no car payments and a 401k that I’ll never live long enough to spend, yet I still can’t bring myself to spending money on something I can live without. I’m an inverted shopaholic, I find happiness in eating hot dogs on a steak budget, she knows this and thinks I would benefit from letting loose a little and buying something I want, not just need. At some point I’ll realize I can’t take it with me, but black friday came and went and I didn’t buy anything for myself, still have the little cheapo t.v., still can’t read the score of the laker game on it.
We all have our issues, that one is mine, it could be worse. I did pretty good, I went to three stores, measured the space where it would go, compared prices, looked at the screens, but ended up wussing out. My daughter teased me in the store as i toiled with the decision, she remarked that I’ve spent more on picking up the tab for a birthday party, buying cars or college funds for my kids, but $600 for a t.v. and I almost have a seizure. Who says we have to make sense all the time? Who on these boards can say that they don’t have at least one personality flaw that they rationalize?
Participant[quote=Ricechex][quote=Aecetia]Go buy the biggest television they have and enjoy it. No one I know deserves it more. You need to do this. [/quote]
Aecetia–were you being sarcastic? I have never quite understood this “you deserve it” mantra. Who says a person “deserves” anything? My basic philosophy is: if you can’t afford to pay in cash, then you don’t deserve it.[/quote]
She wasn’t being sarcastic, she actually has known me in the real world long before piggington existed and knows my quirks, one of them being that I am overly conservative financially. It’s a personality flaw, she knows it and her advice only applies to me, it is far from what she was taken to task as ecouraging a consumerism mentality. Without boring you with the details of my financial situation, I suffer from buyers remorse, I’m afraid that if i buy big tv’s, they will become cheaper, even though I’d benefit from one, even though I can easily afford to pay cash, even though that cash has no other purpose, I have no debts, no cc bills, no car payments and a 401k that I’ll never live long enough to spend, yet I still can’t bring myself to spending money on something I can live without. I’m an inverted shopaholic, I find happiness in eating hot dogs on a steak budget, she knows this and thinks I would benefit from letting loose a little and buying something I want, not just need. At some point I’ll realize I can’t take it with me, but black friday came and went and I didn’t buy anything for myself, still have the little cheapo t.v., still can’t read the score of the laker game on it.
We all have our issues, that one is mine, it could be worse. I did pretty good, I went to three stores, measured the space where it would go, compared prices, looked at the screens, but ended up wussing out. My daughter teased me in the store as i toiled with the decision, she remarked that I’ve spent more on picking up the tab for a birthday party, buying cars or college funds for my kids, but $600 for a t.v. and I almost have a seizure. Who says we have to make sense all the time? Who on these boards can say that they don’t have at least one personality flaw that they rationalize?
ParticipantI vote better than last year but not great. I admit I am biased and I only have my own perspective. I know too many hoarders, planners, fear mongers. These people, like myself, spent the last year or two changing their spending habits or having their habits suddenly become chic. Of the 20 or so friends and relatives that I actually know the details about their finances, here are my observations. It’s all anectodotal and they all pay their mortgages because I check, for fun of course.
-Some have recenlty bought the nicest cars they have ever bought, not trading in clunkers but paying new honda accord prices for barley used e-class or 5 series, mid range luxo rides, people who pay cash for a new honda every 5 years, now talking about 20″ rims, it’s odd but true.
-people bragging about zero credit card debt and having a cash allotment for this christmas, people who never had cash in the last two decades, at least not when the bar tab showed up, suddenly they have money.
-most got scared a year or two ago, never lost their job or had their income affected and are now finally feeling okay about buying something, especially now that it’s cheaper.
-and since someone mentioned televisions, this one struck a nerve with me. I’ve been fighting this forever and I’m about to pump some money into the economy. Last year or the year before i wrote about refusing to pay a grand or two to buy a tv, that my tube tv’s were fine. I ended up buying a cheapo 26″ lcd for my bedroom and a used, old school, dlp for the livingroom that I have to pull all the drapes and turn off all the lights to see. Now here I am, every day I get an e-mail from costco about 40 inchers for $500, even saw a sharp for 650 today, and other bigger ones for under a grand. I literally cannot see my television without my glasses because it’s so small and I don’t owe a freaking nickel to anyone other than my mortgage and I have the cash to buy bigger tv’s. With my new mcmansion, the bedroom tv is 21 1/2 feet away from my eyes (I just measured it). I have but a few pleasures in life, the nfl and the nba are two of them, I cannot read the score or the time left on the clock, even with glasses, because I am a cheap bastard. I’m done with being scared, I am sick of the spam and ammo posts, I have plenty of money and I can pay cash for big tv’s, and in the next 90 days, I’m gonna do it.
So that’s my justification, I think the savers and the scrimpers start breaking down and getting what they deprived themselves of, that they realize that this is is as bad as it is going to get and they survived, so it’s time to be able to see how much time is left on the clock, that it’s o.k. to come out of the bomb shelter, enough time has passed.
I could be wrong, the retail sector might only sell two big tv’s, but i can guarantee two, cause that’s how many I’m getting.
Lastly, I predict that Keurig, the company that makes those K-cup single cup coffee makers, will sell a shitload of them. That’s what I’m getting everyone on my christmas list that doesn’t already have one, I resisted those for a long time too, I broke down, now i love it.
ParticipantI vote better than last year but not great. I admit I am biased and I only have my own perspective. I know too many hoarders, planners, fear mongers. These people, like myself, spent the last year or two changing their spending habits or having their habits suddenly become chic. Of the 20 or so friends and relatives that I actually know the details about their finances, here are my observations. It’s all anectodotal and they all pay their mortgages because I check, for fun of course.
-Some have recenlty bought the nicest cars they have ever bought, not trading in clunkers but paying new honda accord prices for barley used e-class or 5 series, mid range luxo rides, people who pay cash for a new honda every 5 years, now talking about 20″ rims, it’s odd but true.
-people bragging about zero credit card debt and having a cash allotment for this christmas, people who never had cash in the last two decades, at least not when the bar tab showed up, suddenly they have money.
-most got scared a year or two ago, never lost their job or had their income affected and are now finally feeling okay about buying something, especially now that it’s cheaper.
-and since someone mentioned televisions, this one struck a nerve with me. I’ve been fighting this forever and I’m about to pump some money into the economy. Last year or the year before i wrote about refusing to pay a grand or two to buy a tv, that my tube tv’s were fine. I ended up buying a cheapo 26″ lcd for my bedroom and a used, old school, dlp for the livingroom that I have to pull all the drapes and turn off all the lights to see. Now here I am, every day I get an e-mail from costco about 40 inchers for $500, even saw a sharp for 650 today, and other bigger ones for under a grand. I literally cannot see my television without my glasses because it’s so small and I don’t owe a freaking nickel to anyone other than my mortgage and I have the cash to buy bigger tv’s. With my new mcmansion, the bedroom tv is 21 1/2 feet away from my eyes (I just measured it). I have but a few pleasures in life, the nfl and the nba are two of them, I cannot read the score or the time left on the clock, even with glasses, because I am a cheap bastard. I’m done with being scared, I am sick of the spam and ammo posts, I have plenty of money and I can pay cash for big tv’s, and in the next 90 days, I’m gonna do it.
So that’s my justification, I think the savers and the scrimpers start breaking down and getting what they deprived themselves of, that they realize that this is is as bad as it is going to get and they survived, so it’s time to be able to see how much time is left on the clock, that it’s o.k. to come out of the bomb shelter, enough time has passed.
I could be wrong, the retail sector might only sell two big tv’s, but i can guarantee two, cause that’s how many I’m getting.
Lastly, I predict that Keurig, the company that makes those K-cup single cup coffee makers, will sell a shitload of them. That’s what I’m getting everyone on my christmas list that doesn’t already have one, I resisted those for a long time too, I broke down, now i love it.
ParticipantI vote better than last year but not great. I admit I am biased and I only have my own perspective. I know too many hoarders, planners, fear mongers. These people, like myself, spent the last year or two changing their spending habits or having their habits suddenly become chic. Of the 20 or so friends and relatives that I actually know the details about their finances, here are my observations. It’s all anectodotal and they all pay their mortgages because I check, for fun of course.
-Some have recenlty bought the nicest cars they have ever bought, not trading in clunkers but paying new honda accord prices for barley used e-class or 5 series, mid range luxo rides, people who pay cash for a new honda every 5 years, now talking about 20″ rims, it’s odd but true.
-people bragging about zero credit card debt and having a cash allotment for this christmas, people who never had cash in the last two decades, at least not when the bar tab showed up, suddenly they have money.
-most got scared a year or two ago, never lost their job or had their income affected and are now finally feeling okay about buying something, especially now that it’s cheaper.
-and since someone mentioned televisions, this one struck a nerve with me. I’ve been fighting this forever and I’m about to pump some money into the economy. Last year or the year before i wrote about refusing to pay a grand or two to buy a tv, that my tube tv’s were fine. I ended up buying a cheapo 26″ lcd for my bedroom and a used, old school, dlp for the livingroom that I have to pull all the drapes and turn off all the lights to see. Now here I am, every day I get an e-mail from costco about 40 inchers for $500, even saw a sharp for 650 today, and other bigger ones for under a grand. I literally cannot see my television without my glasses because it’s so small and I don’t owe a freaking nickel to anyone other than my mortgage and I have the cash to buy bigger tv’s. With my new mcmansion, the bedroom tv is 21 1/2 feet away from my eyes (I just measured it). I have but a few pleasures in life, the nfl and the nba are two of them, I cannot read the score or the time left on the clock, even with glasses, because I am a cheap bastard. I’m done with being scared, I am sick of the spam and ammo posts, I have plenty of money and I can pay cash for big tv’s, and in the next 90 days, I’m gonna do it.
So that’s my justification, I think the savers and the scrimpers start breaking down and getting what they deprived themselves of, that they realize that this is is as bad as it is going to get and they survived, so it’s time to be able to see how much time is left on the clock, that it’s o.k. to come out of the bomb shelter, enough time has passed.
I could be wrong, the retail sector might only sell two big tv’s, but i can guarantee two, cause that’s how many I’m getting.
Lastly, I predict that Keurig, the company that makes those K-cup single cup coffee makers, will sell a shitload of them. That’s what I’m getting everyone on my christmas list that doesn’t already have one, I resisted those for a long time too, I broke down, now i love it.
ParticipantI vote better than last year but not great. I admit I am biased and I only have my own perspective. I know too many hoarders, planners, fear mongers. These people, like myself, spent the last year or two changing their spending habits or having their habits suddenly become chic. Of the 20 or so friends and relatives that I actually know the details about their finances, here are my observations. It’s all anectodotal and they all pay their mortgages because I check, for fun of course.
-Some have recenlty bought the nicest cars they have ever bought, not trading in clunkers but paying new honda accord prices for barley used e-class or 5 series, mid range luxo rides, people who pay cash for a new honda every 5 years, now talking about 20″ rims, it’s odd but true.
-people bragging about zero credit card debt and having a cash allotment for this christmas, people who never had cash in the last two decades, at least not when the bar tab showed up, suddenly they have money.
-most got scared a year or two ago, never lost their job or had their income affected and are now finally feeling okay about buying something, especially now that it’s cheaper.
-and since someone mentioned televisions, this one struck a nerve with me. I’ve been fighting this forever and I’m about to pump some money into the economy. Last year or the year before i wrote about refusing to pay a grand or two to buy a tv, that my tube tv’s were fine. I ended up buying a cheapo 26″ lcd for my bedroom and a used, old school, dlp for the livingroom that I have to pull all the drapes and turn off all the lights to see. Now here I am, every day I get an e-mail from costco about 40 inchers for $500, even saw a sharp for 650 today, and other bigger ones for under a grand. I literally cannot see my television without my glasses because it’s so small and I don’t owe a freaking nickel to anyone other than my mortgage and I have the cash to buy bigger tv’s. With my new mcmansion, the bedroom tv is 21 1/2 feet away from my eyes (I just measured it). I have but a few pleasures in life, the nfl and the nba are two of them, I cannot read the score or the time left on the clock, even with glasses, because I am a cheap bastard. I’m done with being scared, I am sick of the spam and ammo posts, I have plenty of money and I can pay cash for big tv’s, and in the next 90 days, I’m gonna do it.
So that’s my justification, I think the savers and the scrimpers start breaking down and getting what they deprived themselves of, that they realize that this is is as bad as it is going to get and they survived, so it’s time to be able to see how much time is left on the clock, that it’s o.k. to come out of the bomb shelter, enough time has passed.
I could be wrong, the retail sector might only sell two big tv’s, but i can guarantee two, cause that’s how many I’m getting.
Lastly, I predict that Keurig, the company that makes those K-cup single cup coffee makers, will sell a shitload of them. That’s what I’m getting everyone on my christmas list that doesn’t already have one, I resisted those for a long time too, I broke down, now i love it.
ParticipantI vote better than last year but not great. I admit I am biased and I only have my own perspective. I know too many hoarders, planners, fear mongers. These people, like myself, spent the last year or two changing their spending habits or having their habits suddenly become chic. Of the 20 or so friends and relatives that I actually know the details about their finances, here are my observations. It’s all anectodotal and they all pay their mortgages because I check, for fun of course.
-Some have recenlty bought the nicest cars they have ever bought, not trading in clunkers but paying new honda accord prices for barley used e-class or 5 series, mid range luxo rides, people who pay cash for a new honda every 5 years, now talking about 20″ rims, it’s odd but true.
-people bragging about zero credit card debt and having a cash allotment for this christmas, people who never had cash in the last two decades, at least not when the bar tab showed up, suddenly they have money.
-most got scared a year or two ago, never lost their job or had their income affected and are now finally feeling okay about buying something, especially now that it’s cheaper.
-and since someone mentioned televisions, this one struck a nerve with me. I’ve been fighting this forever and I’m about to pump some money into the economy. Last year or the year before i wrote about refusing to pay a grand or two to buy a tv, that my tube tv’s were fine. I ended up buying a cheapo 26″ lcd for my bedroom and a used, old school, dlp for the livingroom that I have to pull all the drapes and turn off all the lights to see. Now here I am, every day I get an e-mail from costco about 40 inchers for $500, even saw a sharp for 650 today, and other bigger ones for under a grand. I literally cannot see my television without my glasses because it’s so small and I don’t owe a freaking nickel to anyone other than my mortgage and I have the cash to buy bigger tv’s. With my new mcmansion, the bedroom tv is 21 1/2 feet away from my eyes (I just measured it). I have but a few pleasures in life, the nfl and the nba are two of them, I cannot read the score or the time left on the clock, even with glasses, because I am a cheap bastard. I’m done with being scared, I am sick of the spam and ammo posts, I have plenty of money and I can pay cash for big tv’s, and in the next 90 days, I’m gonna do it.
So that’s my justification, I think the savers and the scrimpers start breaking down and getting what they deprived themselves of, that they realize that this is is as bad as it is going to get and they survived, so it’s time to be able to see how much time is left on the clock, that it’s o.k. to come out of the bomb shelter, enough time has passed.
I could be wrong, the retail sector might only sell two big tv’s, but i can guarantee two, cause that’s how many I’m getting.
Lastly, I predict that Keurig, the company that makes those K-cup single cup coffee makers, will sell a shitload of them. That’s what I’m getting everyone on my christmas list that doesn’t already have one, I resisted those for a long time too, I broke down, now i love it.
ParticipantI agree Rt.66, with some caveats. I don’t know the OP’s level of sophistication, but most piggies know the game enough to pull off an REO unrepresented, however most people should not try it. Reo agents play by the book, some just have a secret book, it’s called having that unrepresented client shifted to their friend/associate/relative so it looks like an independant two sided deal. This only applies to first day listed REO’s and it is worth it to have a pro take a look see at your deal and paperwork for a set fee, but it needs to be set up in advance and done within minutes.
Waitinghawk reported similar experiences, but in my journey, especially with a few houses that got away, if you had a realtor, your offer never made it to the seller in those first few critical days, they stall them for the legal amount of time, 24 or 48 hours, they ignore the fax machine and get their pocket buyer in first, even if it’s a lower offer.
It may be risky, it may be illegal, it is definately unscrupulous. But I made about a dozen offers in 2008 and at least three times i personally stood in a driveway with the listing agent and was told that if I went with their associate, they would make sure my offer was the only one seen for a day or two and sometimes the bank just takes it if it is at or above list, they thwart the bidding war. One time I decided to do it but within ten minutes another buyer did the same thing with the listing agent, there were 10+ offers the first day but it was really just between me and the other pocket buyer, who bid more than I was willing to. I was glad i didn’t win (that house wasn’t right for me), i needed a long shower to make the icky feeling go away. In the end I still went unrepresented but went with a high volume, no games or cheating listing agent and felt better but it took work on my part and some luck. It also helped to be out shopping around this time of year, during the holidays. But it does happen, probably 25% of the time there’s a backdoor game going on.
In no way does my agreeing with rt.66 endorse any kind of permission for a fued between him and any realtors, I only participated because there were no insults hurled thus far, let’s keep it that way.
ParticipantI agree Rt.66, with some caveats. I don’t know the OP’s level of sophistication, but most piggies know the game enough to pull off an REO unrepresented, however most people should not try it. Reo agents play by the book, some just have a secret book, it’s called having that unrepresented client shifted to their friend/associate/relative so it looks like an independant two sided deal. This only applies to first day listed REO’s and it is worth it to have a pro take a look see at your deal and paperwork for a set fee, but it needs to be set up in advance and done within minutes.
Waitinghawk reported similar experiences, but in my journey, especially with a few houses that got away, if you had a realtor, your offer never made it to the seller in those first few critical days, they stall them for the legal amount of time, 24 or 48 hours, they ignore the fax machine and get their pocket buyer in first, even if it’s a lower offer.
It may be risky, it may be illegal, it is definately unscrupulous. But I made about a dozen offers in 2008 and at least three times i personally stood in a driveway with the listing agent and was told that if I went with their associate, they would make sure my offer was the only one seen for a day or two and sometimes the bank just takes it if it is at or above list, they thwart the bidding war. One time I decided to do it but within ten minutes another buyer did the same thing with the listing agent, there were 10+ offers the first day but it was really just between me and the other pocket buyer, who bid more than I was willing to. I was glad i didn’t win (that house wasn’t right for me), i needed a long shower to make the icky feeling go away. In the end I still went unrepresented but went with a high volume, no games or cheating listing agent and felt better but it took work on my part and some luck. It also helped to be out shopping around this time of year, during the holidays. But it does happen, probably 25% of the time there’s a backdoor game going on.
In no way does my agreeing with rt.66 endorse any kind of permission for a fued between him and any realtors, I only participated because there were no insults hurled thus far, let’s keep it that way.
ParticipantI agree Rt.66, with some caveats. I don’t know the OP’s level of sophistication, but most piggies know the game enough to pull off an REO unrepresented, however most people should not try it. Reo agents play by the book, some just have a secret book, it’s called having that unrepresented client shifted to their friend/associate/relative so it looks like an independant two sided deal. This only applies to first day listed REO’s and it is worth it to have a pro take a look see at your deal and paperwork for a set fee, but it needs to be set up in advance and done within minutes.
Waitinghawk reported similar experiences, but in my journey, especially with a few houses that got away, if you had a realtor, your offer never made it to the seller in those first few critical days, they stall them for the legal amount of time, 24 or 48 hours, they ignore the fax machine and get their pocket buyer in first, even if it’s a lower offer.
It may be risky, it may be illegal, it is definately unscrupulous. But I made about a dozen offers in 2008 and at least three times i personally stood in a driveway with the listing agent and was told that if I went with their associate, they would make sure my offer was the only one seen for a day or two and sometimes the bank just takes it if it is at or above list, they thwart the bidding war. One time I decided to do it but within ten minutes another buyer did the same thing with the listing agent, there were 10+ offers the first day but it was really just between me and the other pocket buyer, who bid more than I was willing to. I was glad i didn’t win (that house wasn’t right for me), i needed a long shower to make the icky feeling go away. In the end I still went unrepresented but went with a high volume, no games or cheating listing agent and felt better but it took work on my part and some luck. It also helped to be out shopping around this time of year, during the holidays. But it does happen, probably 25% of the time there’s a backdoor game going on.
In no way does my agreeing with rt.66 endorse any kind of permission for a fued between him and any realtors, I only participated because there were no insults hurled thus far, let’s keep it that way.
ParticipantI agree Rt.66, with some caveats. I don’t know the OP’s level of sophistication, but most piggies know the game enough to pull off an REO unrepresented, however most people should not try it. Reo agents play by the book, some just have a secret book, it’s called having that unrepresented client shifted to their friend/associate/relative so it looks like an independant two sided deal. This only applies to first day listed REO’s and it is worth it to have a pro take a look see at your deal and paperwork for a set fee, but it needs to be set up in advance and done within minutes.
Waitinghawk reported similar experiences, but in my journey, especially with a few houses that got away, if you had a realtor, your offer never made it to the seller in those first few critical days, they stall them for the legal amount of time, 24 or 48 hours, they ignore the fax machine and get their pocket buyer in first, even if it’s a lower offer.
It may be risky, it may be illegal, it is definately unscrupulous. But I made about a dozen offers in 2008 and at least three times i personally stood in a driveway with the listing agent and was told that if I went with their associate, they would make sure my offer was the only one seen for a day or two and sometimes the bank just takes it if it is at or above list, they thwart the bidding war. One time I decided to do it but within ten minutes another buyer did the same thing with the listing agent, there were 10+ offers the first day but it was really just between me and the other pocket buyer, who bid more than I was willing to. I was glad i didn’t win (that house wasn’t right for me), i needed a long shower to make the icky feeling go away. In the end I still went unrepresented but went with a high volume, no games or cheating listing agent and felt better but it took work on my part and some luck. It also helped to be out shopping around this time of year, during the holidays. But it does happen, probably 25% of the time there’s a backdoor game going on.
In no way does my agreeing with rt.66 endorse any kind of permission for a fued between him and any realtors, I only participated because there were no insults hurled thus far, let’s keep it that way.
ParticipantI agree Rt.66, with some caveats. I don’t know the OP’s level of sophistication, but most piggies know the game enough to pull off an REO unrepresented, however most people should not try it. Reo agents play by the book, some just have a secret book, it’s called having that unrepresented client shifted to their friend/associate/relative so it looks like an independant two sided deal. This only applies to first day listed REO’s and it is worth it to have a pro take a look see at your deal and paperwork for a set fee, but it needs to be set up in advance and done within minutes.
Waitinghawk reported similar experiences, but in my journey, especially with a few houses that got away, if you had a realtor, your offer never made it to the seller in those first few critical days, they stall them for the legal amount of time, 24 or 48 hours, they ignore the fax machine and get their pocket buyer in first, even if it’s a lower offer.
It may be risky, it may be illegal, it is definately unscrupulous. But I made about a dozen offers in 2008 and at least three times i personally stood in a driveway with the listing agent and was told that if I went with their associate, they would make sure my offer was the only one seen for a day or two and sometimes the bank just takes it if it is at or above list, they thwart the bidding war. One time I decided to do it but within ten minutes another buyer did the same thing with the listing agent, there were 10+ offers the first day but it was really just between me and the other pocket buyer, who bid more than I was willing to. I was glad i didn’t win (that house wasn’t right for me), i needed a long shower to make the icky feeling go away. In the end I still went unrepresented but went with a high volume, no games or cheating listing agent and felt better but it took work on my part and some luck. It also helped to be out shopping around this time of year, during the holidays. But it does happen, probably 25% of the time there’s a backdoor game going on.
In no way does my agreeing with rt.66 endorse any kind of permission for a fued between him and any realtors, I only participated because there were no insults hurled thus far, let’s keep it that way.
November 20, 2009 at 6:56 PM in reply to: When does it make financial sense to just dump your house??? #484937ParticipantIf we had a referee, the penalty flag, yellow card, flagrant 2, whatever penalty you want to call is clearly justified for asserting that mark hanson/mr mortgage is a respected real estate analyst. I followed that link and noticed there 26k google hits, but then added the word “wrong” at the end and it hit 1.7 million.
http://www.google.com/search?hl=en&q=mark+hanson+Mr.+mortgage+wrong&btnG=Search&aq=f&oq=&aqi=
the first hit happens to be from here
http://piggington.com/ot_mr_mortgage_where_are_you
and the third hit is his old site
http://www.fieldcheckgroup.com/2009/08/18/marks-latest-now-at-www-mhanson-com/
which has numerous comments from his own readers attacking him for being wrong and changing websites to reset his predictions, they also dislike that his new site does not have the ability for anyone to leave comments.
Even if someone sides with you rt.66, the wheels come off your argument once you reference mr mortgage. If you really want facts and examples, give me a little time, I’ve been busy but if I had a few hours I could send you his old predictions in which he was mostly wrong, maybe someone else will take the challenge. His old site blog has people wondering why he pulled his #7 video called “the quickening” from youtube because it was the only video where he made specific predictions and gave specific timelines.
On a side note, that newer foreclosure site (realquest) you posted a month ago has been passing the smell test, it’s turning out to be more accurate than the other three from my personal research. I also read a news story that they were the data engine behind some of the other sites and got into some legal/finacial squabbles with those sites so went on their own. My spot checks have shown them to take down bad data pretty quick, I’ll keep checking it here and there, but so far, thumbs up.
-
AuthorPosts
