[urbanrealtor]

[quote=Russell]Deleted for fear of reprisals.[/quote]
Not cool.

[urbanrealtor]

[quote=Russell]Deleted for fear of reprisals.[/quote]
Not cool.

[urbanrealtor]

[quote=sdrealtor]I get emails almost daily from short sale companies looking to pull these kinds of shenanigans. They are slimebags. From what I see in the SD market there isnt alot of this going on. Thhe market is strong enough that the lenders recognize they can get full retail on the properties so there isnt much margin to facilitate these things on short sales. Not to say it doesnt happen here (I’m sure it does to some degreee) just that it isnt all that prevalent in this market.[/quote]

I actually managed to have a sit down with an Escondido atty who was doing this.

Its pretty easy.
She did not even have MLS access.

Instead, she just went through the UT announcements about the NOT’s and knocked on the door.
The borrower was happy at avoiding a foreclosure.
The bank was happy to have cash instead of a property.
The atty was happy because she found a new buyer while in escrow to buy and sold it about a week after buying (with a healthy markup).
The new buyer was happy because it was a small premium for not having to deal with a short sale or an REO.

Honestly, I think the only one acting dumb or unethical here are the banks for the following reasons:

-They aren’t doing research prior to contracting to sell and thereby getting low prices for their collaterals (thus costing shareholders and possibly taxpayers)

-They aren’t being proactive regarding foreclosure alternatives (thus leaving it to others to figure out how to avoid it.)

They set it up as a sink-or-swim for borrowers with fucked up loans and then feign surprise when the borrowers look after their own well-being.

It seems to me that everyone other than the banks are looking after their own interests in a fair way.

[urbanrealtor]

[quote=sdrealtor]I get emails almost daily from short sale companies looking to pull these kinds of shenanigans. They are slimebags. From what I see in the SD market there isnt alot of this going on. Thhe market is strong enough that the lenders recognize they can get full retail on the properties so there isnt much margin to facilitate these things on short sales. Not to say it doesnt happen here (I’m sure it does to some degreee) just that it isnt all that prevalent in this market.[/quote]

I actually managed to have a sit down with an Escondido atty who was doing this.

Its pretty easy.
She did not even have MLS access.

Instead, she just went through the UT announcements about the NOT’s and knocked on the door.
The borrower was happy at avoiding a foreclosure.
The bank was happy to have cash instead of a property.
The atty was happy because she found a new buyer while in escrow to buy and sold it about a week after buying (with a healthy markup).
The new buyer was happy because it was a small premium for not having to deal with a short sale or an REO.

Honestly, I think the only one acting dumb or unethical here are the banks for the following reasons:

-They aren’t doing research prior to contracting to sell and thereby getting low prices for their collaterals (thus costing shareholders and possibly taxpayers)

-They aren’t being proactive regarding foreclosure alternatives (thus leaving it to others to figure out how to avoid it.)

They set it up as a sink-or-swim for borrowers with fucked up loans and then feign surprise when the borrowers look after their own well-being.

It seems to me that everyone other than the banks are looking after their own interests in a fair way.

[urbanrealtor]

[quote=sdrealtor]I get emails almost daily from short sale companies looking to pull these kinds of shenanigans. They are slimebags. From what I see in the SD market there isnt alot of this going on. Thhe market is strong enough that the lenders recognize they can get full retail on the properties so there isnt much margin to facilitate these things on short sales. Not to say it doesnt happen here (I’m sure it does to some degreee) just that it isnt all that prevalent in this market.[/quote]

I actually managed to have a sit down with an Escondido atty who was doing this.

Its pretty easy.
She did not even have MLS access.

Instead, she just went through the UT announcements about the NOT’s and knocked on the door.
The borrower was happy at avoiding a foreclosure.
The bank was happy to have cash instead of a property.
The atty was happy because she found a new buyer while in escrow to buy and sold it about a week after buying (with a healthy markup).
The new buyer was happy because it was a small premium for not having to deal with a short sale or an REO.

Honestly, I think the only one acting dumb or unethical here are the banks for the following reasons:

-They aren’t doing research prior to contracting to sell and thereby getting low prices for their collaterals (thus costing shareholders and possibly taxpayers)

-They aren’t being proactive regarding foreclosure alternatives (thus leaving it to others to figure out how to avoid it.)

They set it up as a sink-or-swim for borrowers with fucked up loans and then feign surprise when the borrowers look after their own well-being.

It seems to me that everyone other than the banks are looking after their own interests in a fair way.

[urbanrealtor]

[quote=sdrealtor]I get emails almost daily from short sale companies looking to pull these kinds of shenanigans. They are slimebags. From what I see in the SD market there isnt alot of this going on. Thhe market is strong enough that the lenders recognize they can get full retail on the properties so there isnt much margin to facilitate these things on short sales. Not to say it doesnt happen here (I’m sure it does to some degreee) just that it isnt all that prevalent in this market.[/quote]

I actually managed to have a sit down with an Escondido atty who was doing this.

Its pretty easy.
She did not even have MLS access.

Instead, she just went through the UT announcements about the NOT’s and knocked on the door.
The borrower was happy at avoiding a foreclosure.
The bank was happy to have cash instead of a property.
The atty was happy because she found a new buyer while in escrow to buy and sold it about a week after buying (with a healthy markup).
The new buyer was happy because it was a small premium for not having to deal with a short sale or an REO.

Honestly, I think the only one acting dumb or unethical here are the banks for the following reasons:

-They aren’t doing research prior to contracting to sell and thereby getting low prices for their collaterals (thus costing shareholders and possibly taxpayers)

-They aren’t being proactive regarding foreclosure alternatives (thus leaving it to others to figure out how to avoid it.)

They set it up as a sink-or-swim for borrowers with fucked up loans and then feign surprise when the borrowers look after their own well-being.

It seems to me that everyone other than the banks are looking after their own interests in a fair way.

[urbanrealtor]

[quote=sdrealtor]I get emails almost daily from short sale companies looking to pull these kinds of shenanigans. They are slimebags. From what I see in the SD market there isnt alot of this going on. Thhe market is strong enough that the lenders recognize they can get full retail on the properties so there isnt much margin to facilitate these things on short sales. Not to say it doesnt happen here (I’m sure it does to some degreee) just that it isnt all that prevalent in this market.[/quote]

I actually managed to have a sit down with an Escondido atty who was doing this.

Its pretty easy.
She did not even have MLS access.

Instead, she just went through the UT announcements about the NOT’s and knocked on the door.
The borrower was happy at avoiding a foreclosure.
The bank was happy to have cash instead of a property.
The atty was happy because she found a new buyer while in escrow to buy and sold it about a week after buying (with a healthy markup).
The new buyer was happy because it was a small premium for not having to deal with a short sale or an REO.

Honestly, I think the only one acting dumb or unethical here are the banks for the following reasons:

-They aren’t doing research prior to contracting to sell and thereby getting low prices for their collaterals (thus costing shareholders and possibly taxpayers)

-They aren’t being proactive regarding foreclosure alternatives (thus leaving it to others to figure out how to avoid it.)

They set it up as a sink-or-swim for borrowers with fucked up loans and then feign surprise when the borrowers look after their own well-being.

It seems to me that everyone other than the banks are looking after their own interests in a fair way.

[urbanrealtor]

[quote=afx114]Speaking of Djarum — I’m finally convinced that Obama is the Nazi everyone’s been claiming he is ever since he banned them. WTF?[/quote]
Djarums are illegal?

[urbanrealtor]

[quote=afx114]Speaking of Djarum — I’m finally convinced that Obama is the Nazi everyone’s been claiming he is ever since he banned them. WTF?[/quote]
Djarums are illegal?

[urbanrealtor]

[quote=afx114]Speaking of Djarum — I’m finally convinced that Obama is the Nazi everyone’s been claiming he is ever since he banned them. WTF?[/quote]
Djarums are illegal?

[urbanrealtor]

[quote=afx114]Speaking of Djarum — I’m finally convinced that Obama is the Nazi everyone’s been claiming he is ever since he banned them. WTF?[/quote]
Djarums are illegal?

[urbanrealtor]

[quote=afx114]Speaking of Djarum — I’m finally convinced that Obama is the Nazi everyone’s been claiming he is ever since he banned them. WTF?[/quote]
Djarums are illegal?

[urbanrealtor]

[quote=Allan from Fallbrook]

Dan: That was the year JFK was shot, right? So, yeah, I think so.

Actually, it was around 1982 – 1983. Bijou closed in 1985. Don’t be a hater, man. You were hanging out in downtown Mountain View back then, weren’t you? Over by Colonel Lee’s Mongolian BBQ? Had your Ramones shirt on and driving your big brother’s VW Microbus?[/quote]
Okay, I am from the north bay.
I say San Francisco because if I say I am from an area where people freely wear a hammer-and-sickle next to their confederate flag sticker on their bumper, it makes their heads explode.

For those of you who don’t know, the far north of this state is where a lot of hippie types moved after the whole Haight-ashbury thing started winding down.

The results were mixed.
Generally, if somebody has a hippie name, it means their parents are hippies and they are shit-kicking hicks. Nothing is lamer than explaining that you got beat up by a black toothed illiterate named “Harvest” who drives an old chevy with a gun rack (and who worships crystals).

Further, there is no easy way to explain to somebody that being gay really excludes them from wearing a swastika on their jacket.

I have been to birthday parties as a teenager where booze and red meat were not allowed but mom was baking pot brownies.

The usual associations are all fucked up if you are not from there. EG: the point at which I realized my old coffee shop had become a major exchange and meeting point for people making investments in marijuana ventures. Or, perhaps the point at which I realized the most dangerous gangsters were the ones who wear rasta hats and keep .45’s tucked under their flannel.

Its kind of like “The Wire” and Nirvana and Appalachia had a very confused child.

Still…I do miss it.

[urbanrealtor]

[quote=Allan from Fallbrook]

Dan: That was the year JFK was shot, right? So, yeah, I think so.

Actually, it was around 1982 – 1983. Bijou closed in 1985. Don’t be a hater, man. You were hanging out in downtown Mountain View back then, weren’t you? Over by Colonel Lee’s Mongolian BBQ? Had your Ramones shirt on and driving your big brother’s VW Microbus?[/quote]
Okay, I am from the north bay.
I say San Francisco because if I say I am from an area where people freely wear a hammer-and-sickle next to their confederate flag sticker on their bumper, it makes their heads explode.

For those of you who don’t know, the far north of this state is where a lot of hippie types moved after the whole Haight-ashbury thing started winding down.

The results were mixed.
Generally, if somebody has a hippie name, it means their parents are hippies and they are shit-kicking hicks. Nothing is lamer than explaining that you got beat up by a black toothed illiterate named “Harvest” who drives an old chevy with a gun rack (and who worships crystals).

Further, there is no easy way to explain to somebody that being gay really excludes them from wearing a swastika on their jacket.

I have been to birthday parties as a teenager where booze and red meat were not allowed but mom was baking pot brownies.

The usual associations are all fucked up if you are not from there. EG: the point at which I realized my old coffee shop had become a major exchange and meeting point for people making investments in marijuana ventures. Or, perhaps the point at which I realized the most dangerous gangsters were the ones who wear rasta hats and keep .45’s tucked under their flannel.

Its kind of like “The Wire” and Nirvana and Appalachia had a very confused child.

Still…I do miss it.

[urbanrealtor]

[quote=Allan from Fallbrook]

Dan: That was the year JFK was shot, right? So, yeah, I think so.

Actually, it was around 1982 – 1983. Bijou closed in 1985. Don’t be a hater, man. You were hanging out in downtown Mountain View back then, weren’t you? Over by Colonel Lee’s Mongolian BBQ? Had your Ramones shirt on and driving your big brother’s VW Microbus?[/quote]
Okay, I am from the north bay.
I say San Francisco because if I say I am from an area where people freely wear a hammer-and-sickle next to their confederate flag sticker on their bumper, it makes their heads explode.

For those of you who don’t know, the far north of this state is where a lot of hippie types moved after the whole Haight-ashbury thing started winding down.

The results were mixed.
Generally, if somebody has a hippie name, it means their parents are hippies and they are shit-kicking hicks. Nothing is lamer than explaining that you got beat up by a black toothed illiterate named “Harvest” who drives an old chevy with a gun rack (and who worships crystals).

Further, there is no easy way to explain to somebody that being gay really excludes them from wearing a swastika on their jacket.

I have been to birthday parties as a teenager where booze and red meat were not allowed but mom was baking pot brownies.

The usual associations are all fucked up if you are not from there. EG: the point at which I realized my old coffee shop had become a major exchange and meeting point for people making investments in marijuana ventures. Or, perhaps the point at which I realized the most dangerous gangsters were the ones who wear rasta hats and keep .45’s tucked under their flannel.

Its kind of like “The Wire” and Nirvana and Appalachia had a very confused child.

Still…I do miss it.

[Author]

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