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TheBreeze
Participant[quote=SD Realtor]
First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?
[/quote]How did you find out about the financing? Is that information available online somewhere?
So this guy put down 23% of his own dough? If that’s the case, I’m pretty much OK with this sale. With 128K of his own money in the deal, this guy is very unlikely to default.
Are zero-down loans still available? If buyers are having to put down 20%+ nowadays, then that is very good news. I hope that’s the case.
Participant[quote=SD Realtor]
First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?
[/quote]How did you find out about the financing? Is that information available online somewhere?
So this guy put down 23% of his own dough? If that’s the case, I’m pretty much OK with this sale. With 128K of his own money in the deal, this guy is very unlikely to default.
Are zero-down loans still available? If buyers are having to put down 20%+ nowadays, then that is very good news. I hope that’s the case.
Participant[quote=SD Realtor]
First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?
[/quote]How did you find out about the financing? Is that information available online somewhere?
So this guy put down 23% of his own dough? If that’s the case, I’m pretty much OK with this sale. With 128K of his own money in the deal, this guy is very unlikely to default.
Are zero-down loans still available? If buyers are having to put down 20%+ nowadays, then that is very good news. I hope that’s the case.
Participant[quote=SD Realtor]
First off – The home was financed with 417k at a sales price of 545k. That means the buyer came in with 128k of his own money. Is that a pittance to you?
[/quote]How did you find out about the financing? Is that information available online somewhere?
So this guy put down 23% of his own dough? If that’s the case, I’m pretty much OK with this sale. With 128K of his own money in the deal, this guy is very unlikely to default.
Are zero-down loans still available? If buyers are having to put down 20%+ nowadays, then that is very good news. I hope that’s the case.
ParticipantI fail to understand why people get so worked up about it.
Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.
So yeah, crap like this pisses some of us off.
ParticipantI fail to understand why people get so worked up about it.
Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.
So yeah, crap like this pisses some of us off.
ParticipantI fail to understand why people get so worked up about it.
Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.
So yeah, crap like this pisses some of us off.
ParticipantI fail to understand why people get so worked up about it.
Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.
So yeah, crap like this pisses some of us off.
ParticipantI fail to understand why people get so worked up about it.
Maybe because our government is currently in the process of bailing out idiot buyers like this one? I wonder how much this idiot buyer had to put down? Probably a pittance and the taxpayers will end up being the ones who give this flipper his $200K profit.
So yeah, crap like this pisses some of us off.
July 14, 2008 at 9:00 PM in reply to: Will MBSes, CDOs, etc get marked-to-market due to Indymac? #239328ParticipantIs it legal for the FDIC to hold mortgages? It just seems like things keep getting crazy and crazier.
July 14, 2008 at 9:00 PM in reply to: Will MBSes, CDOs, etc get marked-to-market due to Indymac? #239464ParticipantIs it legal for the FDIC to hold mortgages? It just seems like things keep getting crazy and crazier.
July 14, 2008 at 9:00 PM in reply to: Will MBSes, CDOs, etc get marked-to-market due to Indymac? #239470ParticipantIs it legal for the FDIC to hold mortgages? It just seems like things keep getting crazy and crazier.
July 14, 2008 at 9:00 PM in reply to: Will MBSes, CDOs, etc get marked-to-market due to Indymac? #239523ParticipantIs it legal for the FDIC to hold mortgages? It just seems like things keep getting crazy and crazier.
July 14, 2008 at 9:00 PM in reply to: Will MBSes, CDOs, etc get marked-to-market due to Indymac? #239529ParticipantIs it legal for the FDIC to hold mortgages? It just seems like things keep getting crazy and crazier.
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