[tom]

Yeah, that’s what our agent said to (about not working around them). Once these people cut in line due to the promise of a rental, they got under contract immediately and while we were strung along for a week (the other buyers didn’t even have a preapproval originally while I did, with perfect credit) as a backup and then even when the rental deal fell apart, they were already in escrow so just kept proceeding. Of the 2 years lurking here and that place being such a good deal.. it’s the one that hurts the most to this day.

I’m now in escrow on a place in Clairemont (following all the guidelines posted here about north of balboa, west of genesee, mount street); where I’m not nearly as convinced I won’t lose money but at least has been fairly straight forward (conventional sale).

Couldn’t resist a short sales are sketchy thread though 😉 I didn’t even mention yet that the people wanted $7500 in what I would deem a bribe for their 2 year old hot tub.. they wanted $2500 for it, and then claimed the bank wanted $5k from them to even execute the short sale and they had no money. True or not, sketchy! We of course agreed to the demands as the place was a steal, but couldn’t compete with their original visions of being able to just move down the street.

[tom]

Yeah, that’s what our agent said to (about not working around them). Once these people cut in line due to the promise of a rental, they got under contract immediately and while we were strung along for a week (the other buyers didn’t even have a preapproval originally while I did, with perfect credit) as a backup and then even when the rental deal fell apart, they were already in escrow so just kept proceeding. Of the 2 years lurking here and that place being such a good deal.. it’s the one that hurts the most to this day.

I’m now in escrow on a place in Clairemont (following all the guidelines posted here about north of balboa, west of genesee, mount street); where I’m not nearly as convinced I won’t lose money but at least has been fairly straight forward (conventional sale).

Couldn’t resist a short sales are sketchy thread though 😉 I didn’t even mention yet that the people wanted $7500 in what I would deem a bribe for their 2 year old hot tub.. they wanted $2500 for it, and then claimed the bank wanted $5k from them to even execute the short sale and they had no money. True or not, sketchy! We of course agreed to the demands as the place was a steal, but couldn’t compete with their original visions of being able to just move down the street.

[tom]

Yeah, that’s what our agent said to (about not working around them). Once these people cut in line due to the promise of a rental, they got under contract immediately and while we were strung along for a week (the other buyers didn’t even have a preapproval originally while I did, with perfect credit) as a backup and then even when the rental deal fell apart, they were already in escrow so just kept proceeding. Of the 2 years lurking here and that place being such a good deal.. it’s the one that hurts the most to this day.

I’m now in escrow on a place in Clairemont (following all the guidelines posted here about north of balboa, west of genesee, mount street); where I’m not nearly as convinced I won’t lose money but at least has been fairly straight forward (conventional sale).

Couldn’t resist a short sales are sketchy thread though 😉 I didn’t even mention yet that the people wanted $7500 in what I would deem a bribe for their 2 year old hot tub.. they wanted $2500 for it, and then claimed the bank wanted $5k from them to even execute the short sale and they had no money. True or not, sketchy! We of course agreed to the demands as the place was a steal, but couldn’t compete with their original visions of being able to just move down the street.

[tom]

Yeah, that’s what our agent said to (about not working around them). Once these people cut in line due to the promise of a rental, they got under contract immediately and while we were strung along for a week (the other buyers didn’t even have a preapproval originally while I did, with perfect credit) as a backup and then even when the rental deal fell apart, they were already in escrow so just kept proceeding. Of the 2 years lurking here and that place being such a good deal.. it’s the one that hurts the most to this day.

I’m now in escrow on a place in Clairemont (following all the guidelines posted here about north of balboa, west of genesee, mount street); where I’m not nearly as convinced I won’t lose money but at least has been fairly straight forward (conventional sale).

Couldn’t resist a short sales are sketchy thread though 😉 I didn’t even mention yet that the people wanted $7500 in what I would deem a bribe for their 2 year old hot tub.. they wanted $2500 for it, and then claimed the bank wanted $5k from them to even execute the short sale and they had no money. True or not, sketchy! We of course agreed to the demands as the place was a steal, but couldn’t compete with their original visions of being able to just move down the street.

[tom]

Yeah, that’s what our agent said to (about not working around them). Once these people cut in line due to the promise of a rental, they got under contract immediately and while we were strung along for a week (the other buyers didn’t even have a preapproval originally while I did, with perfect credit) as a backup and then even when the rental deal fell apart, they were already in escrow so just kept proceeding. Of the 2 years lurking here and that place being such a good deal.. it’s the one that hurts the most to this day.

I’m now in escrow on a place in Clairemont (following all the guidelines posted here about north of balboa, west of genesee, mount street); where I’m not nearly as convinced I won’t lose money but at least has been fairly straight forward (conventional sale).

Couldn’t resist a short sales are sketchy thread though 😉 I didn’t even mention yet that the people wanted $7500 in what I would deem a bribe for their 2 year old hot tub.. they wanted $2500 for it, and then claimed the bank wanted $5k from them to even execute the short sale and they had no money. True or not, sketchy! We of course agreed to the demands as the place was a steal, but couldn’t compete with their original visions of being able to just move down the street.

[tom]

One short sale I lost out on, we were the first offer.. but before they got done signing our forms, another couple came in and promised the people living there a house swap (i.e., offered their current home as a rental to the current occupants), which was in the same neighborhood / kids stay in school, etc. That’s when we discovered what you’re discovering.. short sale is a unique circumstance where the current owners/occupants could care less what you want to pay for the home, but may be open to anything you can do for them.. they are unfortunately the gate keepers of what offer gets sent to the bank (the listing agent is their agent, not the banks). And then, of course, we found out later the deadbeats couldn’t even afford the rent on what the buyers wanted on their old home.. so the whole reason the other people cut in line evaporated. After that experience, short sales got a dim view in our eyes as just too shady. We were ready to play the “waiting game”; less prepared for the bribery part 🙂 Maybe a more dedicated buyer than we were could of somehow contacted the bank and worked around the current owners, but we didn’t pursue that.

[tom]

One short sale I lost out on, we were the first offer.. but before they got done signing our forms, another couple came in and promised the people living there a house swap (i.e., offered their current home as a rental to the current occupants), which was in the same neighborhood / kids stay in school, etc. That’s when we discovered what you’re discovering.. short sale is a unique circumstance where the current owners/occupants could care less what you want to pay for the home, but may be open to anything you can do for them.. they are unfortunately the gate keepers of what offer gets sent to the bank (the listing agent is their agent, not the banks). And then, of course, we found out later the deadbeats couldn’t even afford the rent on what the buyers wanted on their old home.. so the whole reason the other people cut in line evaporated. After that experience, short sales got a dim view in our eyes as just too shady. We were ready to play the “waiting game”; less prepared for the bribery part 🙂 Maybe a more dedicated buyer than we were could of somehow contacted the bank and worked around the current owners, but we didn’t pursue that.

[tom]

One short sale I lost out on, we were the first offer.. but before they got done signing our forms, another couple came in and promised the people living there a house swap (i.e., offered their current home as a rental to the current occupants), which was in the same neighborhood / kids stay in school, etc. That’s when we discovered what you’re discovering.. short sale is a unique circumstance where the current owners/occupants could care less what you want to pay for the home, but may be open to anything you can do for them.. they are unfortunately the gate keepers of what offer gets sent to the bank (the listing agent is their agent, not the banks). And then, of course, we found out later the deadbeats couldn’t even afford the rent on what the buyers wanted on their old home.. so the whole reason the other people cut in line evaporated. After that experience, short sales got a dim view in our eyes as just too shady. We were ready to play the “waiting game”; less prepared for the bribery part 🙂 Maybe a more dedicated buyer than we were could of somehow contacted the bank and worked around the current owners, but we didn’t pursue that.

[tom]

One short sale I lost out on, we were the first offer.. but before they got done signing our forms, another couple came in and promised the people living there a house swap (i.e., offered their current home as a rental to the current occupants), which was in the same neighborhood / kids stay in school, etc. That’s when we discovered what you’re discovering.. short sale is a unique circumstance where the current owners/occupants could care less what you want to pay for the home, but may be open to anything you can do for them.. they are unfortunately the gate keepers of what offer gets sent to the bank (the listing agent is their agent, not the banks). And then, of course, we found out later the deadbeats couldn’t even afford the rent on what the buyers wanted on their old home.. so the whole reason the other people cut in line evaporated. After that experience, short sales got a dim view in our eyes as just too shady. We were ready to play the “waiting game”; less prepared for the bribery part 🙂 Maybe a more dedicated buyer than we were could of somehow contacted the bank and worked around the current owners, but we didn’t pursue that.

[tom]

One short sale I lost out on, we were the first offer.. but before they got done signing our forms, another couple came in and promised the people living there a house swap (i.e., offered their current home as a rental to the current occupants), which was in the same neighborhood / kids stay in school, etc. That’s when we discovered what you’re discovering.. short sale is a unique circumstance where the current owners/occupants could care less what you want to pay for the home, but may be open to anything you can do for them.. they are unfortunately the gate keepers of what offer gets sent to the bank (the listing agent is their agent, not the banks). And then, of course, we found out later the deadbeats couldn’t even afford the rent on what the buyers wanted on their old home.. so the whole reason the other people cut in line evaporated. After that experience, short sales got a dim view in our eyes as just too shady. We were ready to play the “waiting game”; less prepared for the bribery part 🙂 Maybe a more dedicated buyer than we were could of somehow contacted the bank and worked around the current owners, but we didn’t pursue that.

[tom]

http://www.mercurynews.com/ci_14735679

The deal reached Monday provides $200 million in new tax credits for homebuyers, to be split evenly among those buying a home for the first time and anyone buying a newly constructed home. Anyone qualified who makes a purchase between this May and August 2011 will receive a credit for 5 percent of the home’s purchase price, up to $10,000 over three years.

well at least my plan for waiting till 2012 necessarily won’t mean I won’t get goodies..bleh.. I don’t want goodies, I want a normalized market! 🙂

[tom]

http://www.mercurynews.com/ci_14735679

The deal reached Monday provides $200 million in new tax credits for homebuyers, to be split evenly among those buying a home for the first time and anyone buying a newly constructed home. Anyone qualified who makes a purchase between this May and August 2011 will receive a credit for 5 percent of the home’s purchase price, up to $10,000 over three years.

well at least my plan for waiting till 2012 necessarily won’t mean I won’t get goodies..bleh.. I don’t want goodies, I want a normalized market! 🙂

[tom]

http://www.mercurynews.com/ci_14735679

The deal reached Monday provides $200 million in new tax credits for homebuyers, to be split evenly among those buying a home for the first time and anyone buying a newly constructed home. Anyone qualified who makes a purchase between this May and August 2011 will receive a credit for 5 percent of the home’s purchase price, up to $10,000 over three years.

well at least my plan for waiting till 2012 necessarily won’t mean I won’t get goodies..bleh.. I don’t want goodies, I want a normalized market! 🙂

[tom]

http://www.mercurynews.com/ci_14735679

The deal reached Monday provides $200 million in new tax credits for homebuyers, to be split evenly among those buying a home for the first time and anyone buying a newly constructed home. Anyone qualified who makes a purchase between this May and August 2011 will receive a credit for 5 percent of the home’s purchase price, up to $10,000 over three years.

well at least my plan for waiting till 2012 necessarily won’t mean I won’t get goodies..bleh.. I don’t want goodies, I want a normalized market! 🙂

[tom]

http://www.mercurynews.com/ci_14735679

The deal reached Monday provides $200 million in new tax credits for homebuyers, to be split evenly among those buying a home for the first time and anyone buying a newly constructed home. Anyone qualified who makes a purchase between this May and August 2011 will receive a credit for 5 percent of the home’s purchase price, up to $10,000 over three years.

well at least my plan for waiting till 2012 necessarily won’t mean I won’t get goodies..bleh.. I don’t want goodies, I want a normalized market! 🙂

[Author]

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