[urbanrealtor]

I am betting more than half will not foreclose or even be added to inventory.

It is not in the banks’ best interest to become landlords on these.

Their best bet is to write down these loans to market values or below and allow short sales or lower payments.

But no, people don’t always act in their best interest.

[urbanrealtor]

I am betting more than half will not foreclose or even be added to inventory.

It is not in the banks’ best interest to become landlords on these.

Their best bet is to write down these loans to market values or below and allow short sales or lower payments.

But no, people don’t always act in their best interest.

[urbanrealtor]

[quote=Casca]I know a bit about Detroit. Been into the city a few times on business. It is the a$$hole of North America. My guess is that these numbers reflect the city, and not the surrounding metro area.

I used to drive down Grand Ave, and marvel at the once proud mansions with sheets covering the windows.

This is what you get when socialism is liberally applied. The smart people vote with their feet, Atlas Shruggs if you will, and the parasites have the world fall on them. Imagine what the place would be like if the feds quit sending them money.

Detroit is the posterchild for what the Dems/left want to do to America. God bless Coleman Young, Nancy Pelosi, and all of the collective idiots who ever voted for them.[/quote]

Yes.

We want to make all US cities look like Detroit.

Last time I checked Detroit’s economic history is not really about communism (unless by communism you mean big capitalist corporations).

Paris, London, Oslo and Beijing are socialist cities.

Do those seem like cesspools to you?

[urbanrealtor]

[quote=Casca]I know a bit about Detroit. Been into the city a few times on business. It is the a$$hole of North America. My guess is that these numbers reflect the city, and not the surrounding metro area.

I used to drive down Grand Ave, and marvel at the once proud mansions with sheets covering the windows.

This is what you get when socialism is liberally applied. The smart people vote with their feet, Atlas Shruggs if you will, and the parasites have the world fall on them. Imagine what the place would be like if the feds quit sending them money.

Detroit is the posterchild for what the Dems/left want to do to America. God bless Coleman Young, Nancy Pelosi, and all of the collective idiots who ever voted for them.[/quote]

Yes.

We want to make all US cities look like Detroit.

Last time I checked Detroit’s economic history is not really about communism (unless by communism you mean big capitalist corporations).

Paris, London, Oslo and Beijing are socialist cities.

Do those seem like cesspools to you?

[urbanrealtor]

[quote=Casca]I know a bit about Detroit. Been into the city a few times on business. It is the a$$hole of North America. My guess is that these numbers reflect the city, and not the surrounding metro area.

I used to drive down Grand Ave, and marvel at the once proud mansions with sheets covering the windows.

This is what you get when socialism is liberally applied. The smart people vote with their feet, Atlas Shruggs if you will, and the parasites have the world fall on them. Imagine what the place would be like if the feds quit sending them money.

Detroit is the posterchild for what the Dems/left want to do to America. God bless Coleman Young, Nancy Pelosi, and all of the collective idiots who ever voted for them.[/quote]

Yes.

We want to make all US cities look like Detroit.

Last time I checked Detroit’s economic history is not really about communism (unless by communism you mean big capitalist corporations).

Paris, London, Oslo and Beijing are socialist cities.

Do those seem like cesspools to you?

[urbanrealtor]

[quote=Casca]I know a bit about Detroit. Been into the city a few times on business. It is the a$$hole of North America. My guess is that these numbers reflect the city, and not the surrounding metro area.

I used to drive down Grand Ave, and marvel at the once proud mansions with sheets covering the windows.

This is what you get when socialism is liberally applied. The smart people vote with their feet, Atlas Shruggs if you will, and the parasites have the world fall on them. Imagine what the place would be like if the feds quit sending them money.

Detroit is the posterchild for what the Dems/left want to do to America. God bless Coleman Young, Nancy Pelosi, and all of the collective idiots who ever voted for them.[/quote]

Yes.

We want to make all US cities look like Detroit.

Last time I checked Detroit’s economic history is not really about communism (unless by communism you mean big capitalist corporations).

Paris, London, Oslo and Beijing are socialist cities.

Do those seem like cesspools to you?

[urbanrealtor]

[quote=Casca]I know a bit about Detroit. Been into the city a few times on business. It is the a$$hole of North America. My guess is that these numbers reflect the city, and not the surrounding metro area.

I used to drive down Grand Ave, and marvel at the once proud mansions with sheets covering the windows.

This is what you get when socialism is liberally applied. The smart people vote with their feet, Atlas Shruggs if you will, and the parasites have the world fall on them. Imagine what the place would be like if the feds quit sending them money.

Detroit is the posterchild for what the Dems/left want to do to America. God bless Coleman Young, Nancy Pelosi, and all of the collective idiots who ever voted for them.[/quote]

Yes.

We want to make all US cities look like Detroit.

Last time I checked Detroit’s economic history is not really about communism (unless by communism you mean big capitalist corporations).

Paris, London, Oslo and Beijing are socialist cities.

Do those seem like cesspools to you?

[urbanrealtor]

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!

[urbanrealtor]

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!

[urbanrealtor]

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!

[urbanrealtor]

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!

[urbanrealtor]

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!

[urbanrealtor]

[quote=KIBU]Hi SDR, sdrealtor, and urbanrealtor,

Could you guess for some reasons why a listing agent would order termite report before mls listing? Do you order these report before hand? I thought that they want the buyer to pay for these and wouldn’t bother paying for the termite report, what are incentives for them to do the report then??

Thank you for your answers.

kibu[/quote]
I will try to add without being reiterative of the other agents.

When I represent buyers, the seller generally pays for the inspection or the clearance (meaning inspection plus repairs).

If you order an inspection ahead of time, then as a seller you know what repairs are needed and so does the buyer.
This eliminates a large amount of the unknowns for a seller figuring out what he will net with an offer.
In this way, it helps a seller better evaluate the offers he receives.
If it is a short sale or REO, then (which are typically “as-is”) then it helps the buyer determine whether or not this purchase is worth pursuing.

Also, generally termite inspectors cost less than $100 and bill out of closing (which means you don’t have to pay them to come out unless the sale actually happens).

So it has a few upsides and not much downside.

[urbanrealtor]

[quote=KIBU]Hi SDR, sdrealtor, and urbanrealtor,

Could you guess for some reasons why a listing agent would order termite report before mls listing? Do you order these report before hand? I thought that they want the buyer to pay for these and wouldn’t bother paying for the termite report, what are incentives for them to do the report then??

Thank you for your answers.

kibu[/quote]
I will try to add without being reiterative of the other agents.

When I represent buyers, the seller generally pays for the inspection or the clearance (meaning inspection plus repairs).

If you order an inspection ahead of time, then as a seller you know what repairs are needed and so does the buyer.
This eliminates a large amount of the unknowns for a seller figuring out what he will net with an offer.
In this way, it helps a seller better evaluate the offers he receives.
If it is a short sale or REO, then (which are typically “as-is”) then it helps the buyer determine whether or not this purchase is worth pursuing.

Also, generally termite inspectors cost less than $100 and bill out of closing (which means you don’t have to pay them to come out unless the sale actually happens).

So it has a few upsides and not much downside.

[urbanrealtor]

[quote=KIBU]Hi SDR, sdrealtor, and urbanrealtor,

Could you guess for some reasons why a listing agent would order termite report before mls listing? Do you order these report before hand? I thought that they want the buyer to pay for these and wouldn’t bother paying for the termite report, what are incentives for them to do the report then??

Thank you for your answers.

kibu[/quote]
I will try to add without being reiterative of the other agents.

When I represent buyers, the seller generally pays for the inspection or the clearance (meaning inspection plus repairs).

If you order an inspection ahead of time, then as a seller you know what repairs are needed and so does the buyer.
This eliminates a large amount of the unknowns for a seller figuring out what he will net with an offer.
In this way, it helps a seller better evaluate the offers he receives.
If it is a short sale or REO, then (which are typically “as-is”) then it helps the buyer determine whether or not this purchase is worth pursuing.

Also, generally termite inspectors cost less than $100 and bill out of closing (which means you don’t have to pay them to come out unless the sale actually happens).

So it has a few upsides and not much downside.

[Author]

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