[urbanrealtor]

[quote=sdrealtor]Daniel
Definitely not taking part in any fraud. The lenders ask for certain things and you provide them. I’m shocked that they dont ask for more but they don’t. The seller typically signs something that says all the information I have provided is truthful and accurate, which it is.
sdr[/quote]

The bank sets this up so that they don’t look at more than one offer at a time.

In some ways it is similar to how they evaluate reo offers.

sdr is totally accurate.

The banks have very specific items they want and really seem to value certainty and simplicity over accuracy.

But again, the banks are not our clients.

[urbanrealtor]

[quote=sdrealtor]Daniel
Definitely not taking part in any fraud. The lenders ask for certain things and you provide them. I’m shocked that they dont ask for more but they don’t. The seller typically signs something that says all the information I have provided is truthful and accurate, which it is.
sdr[/quote]

The bank sets this up so that they don’t look at more than one offer at a time.

In some ways it is similar to how they evaluate reo offers.

sdr is totally accurate.

The banks have very specific items they want and really seem to value certainty and simplicity over accuracy.

But again, the banks are not our clients.

[urbanrealtor]

I don’t recall the exact number of units there.

It is very confusing because the project developers included like 4 apartment buildings.

But assuming it is at least 70, that would mean an assessment of 1000 would add 70k to the complex portfolio.

Further, I don’t think that new buyers have a very high likelihood of going delinquent or being unable to pay assessments.

My point here is that sometimes these meltdowns can bring a measure of stability to broken projects.

Using the 20k number referenced above, that would mean that 1.4M would be needed to catch up on bills and then still need to pay the 240 fees.

That seems high to me.

Do some of the posters here know more than they are letting on?

Is there some piece of this I am not seeing?

[urbanrealtor]

I don’t recall the exact number of units there.

It is very confusing because the project developers included like 4 apartment buildings.

But assuming it is at least 70, that would mean an assessment of 1000 would add 70k to the complex portfolio.

Further, I don’t think that new buyers have a very high likelihood of going delinquent or being unable to pay assessments.

My point here is that sometimes these meltdowns can bring a measure of stability to broken projects.

Using the 20k number referenced above, that would mean that 1.4M would be needed to catch up on bills and then still need to pay the 240 fees.

That seems high to me.

Do some of the posters here know more than they are letting on?

Is there some piece of this I am not seeing?

[urbanrealtor]

I don’t recall the exact number of units there.

It is very confusing because the project developers included like 4 apartment buildings.

But assuming it is at least 70, that would mean an assessment of 1000 would add 70k to the complex portfolio.

Further, I don’t think that new buyers have a very high likelihood of going delinquent or being unable to pay assessments.

My point here is that sometimes these meltdowns can bring a measure of stability to broken projects.

Using the 20k number referenced above, that would mean that 1.4M would be needed to catch up on bills and then still need to pay the 240 fees.

That seems high to me.

Do some of the posters here know more than they are letting on?

Is there some piece of this I am not seeing?

[urbanrealtor]

I don’t recall the exact number of units there.

It is very confusing because the project developers included like 4 apartment buildings.

But assuming it is at least 70, that would mean an assessment of 1000 would add 70k to the complex portfolio.

Further, I don’t think that new buyers have a very high likelihood of going delinquent or being unable to pay assessments.

My point here is that sometimes these meltdowns can bring a measure of stability to broken projects.

Using the 20k number referenced above, that would mean that 1.4M would be needed to catch up on bills and then still need to pay the 240 fees.

That seems high to me.

Do some of the posters here know more than they are letting on?

Is there some piece of this I am not seeing?

[urbanrealtor]

I don’t recall the exact number of units there.

It is very confusing because the project developers included like 4 apartment buildings.

But assuming it is at least 70, that would mean an assessment of 1000 would add 70k to the complex portfolio.

Further, I don’t think that new buyers have a very high likelihood of going delinquent or being unable to pay assessments.

My point here is that sometimes these meltdowns can bring a measure of stability to broken projects.

Using the 20k number referenced above, that would mean that 1.4M would be needed to catch up on bills and then still need to pay the 240 fees.

That seems high to me.

Do some of the posters here know more than they are letting on?

Is there some piece of this I am not seeing?

[urbanrealtor]

[quote=SD Realtor]
It would be interesting to hear what the other realtors experience is with regards to the short sales as well. [/quote]

I have listed 6 shorts (2 as assists). One has closed. Another is in escrow. One seller decided he wanted to walk away (its about to go to a trustee sale). One negotiator forgot to tell the trustee we had an accepted offer(it sold at trustee sale). 2 are still active (though one of those has a verbal negotiator acceptance).

I think the most accurate version of what I am seeing is that which sdr describes. The diligence of the listing agent is really the primary deciding factor. Competence is as competence does.

What has had the most effect for me has been a fax (or 3) every day with a phone call following it. What I have seen in other agents leads me to believe that the trick is persistence and imagination. I have been working for a while with an agent who specializes as a short sale consultant. His recipe really seems to be a more developed version of what I do.

Getting good with specific negotiators certainly seems to be relevant but the real trick is learning
to how make progress before losing heart. It really can be discouraging.

My opinions and observations fwiw.

[urbanrealtor]

[quote=SD Realtor]
It would be interesting to hear what the other realtors experience is with regards to the short sales as well. [/quote]

I have listed 6 shorts (2 as assists). One has closed. Another is in escrow. One seller decided he wanted to walk away (its about to go to a trustee sale). One negotiator forgot to tell the trustee we had an accepted offer(it sold at trustee sale). 2 are still active (though one of those has a verbal negotiator acceptance).

I think the most accurate version of what I am seeing is that which sdr describes. The diligence of the listing agent is really the primary deciding factor. Competence is as competence does.

What has had the most effect for me has been a fax (or 3) every day with a phone call following it. What I have seen in other agents leads me to believe that the trick is persistence and imagination. I have been working for a while with an agent who specializes as a short sale consultant. His recipe really seems to be a more developed version of what I do.

Getting good with specific negotiators certainly seems to be relevant but the real trick is learning
to how make progress before losing heart. It really can be discouraging.

My opinions and observations fwiw.

[urbanrealtor]

[quote=SD Realtor]
It would be interesting to hear what the other realtors experience is with regards to the short sales as well. [/quote]

I have listed 6 shorts (2 as assists). One has closed. Another is in escrow. One seller decided he wanted to walk away (its about to go to a trustee sale). One negotiator forgot to tell the trustee we had an accepted offer(it sold at trustee sale). 2 are still active (though one of those has a verbal negotiator acceptance).

I think the most accurate version of what I am seeing is that which sdr describes. The diligence of the listing agent is really the primary deciding factor. Competence is as competence does.

What has had the most effect for me has been a fax (or 3) every day with a phone call following it. What I have seen in other agents leads me to believe that the trick is persistence and imagination. I have been working for a while with an agent who specializes as a short sale consultant. His recipe really seems to be a more developed version of what I do.

Getting good with specific negotiators certainly seems to be relevant but the real trick is learning
to how make progress before losing heart. It really can be discouraging.

My opinions and observations fwiw.

[urbanrealtor]

[quote=SD Realtor]
It would be interesting to hear what the other realtors experience is with regards to the short sales as well. [/quote]

I have listed 6 shorts (2 as assists). One has closed. Another is in escrow. One seller decided he wanted to walk away (its about to go to a trustee sale). One negotiator forgot to tell the trustee we had an accepted offer(it sold at trustee sale). 2 are still active (though one of those has a verbal negotiator acceptance).

I think the most accurate version of what I am seeing is that which sdr describes. The diligence of the listing agent is really the primary deciding factor. Competence is as competence does.

What has had the most effect for me has been a fax (or 3) every day with a phone call following it. What I have seen in other agents leads me to believe that the trick is persistence and imagination. I have been working for a while with an agent who specializes as a short sale consultant. His recipe really seems to be a more developed version of what I do.

Getting good with specific negotiators certainly seems to be relevant but the real trick is learning
to how make progress before losing heart. It really can be discouraging.

My opinions and observations fwiw.

[urbanrealtor]

[quote=SD Realtor]
It would be interesting to hear what the other realtors experience is with regards to the short sales as well. [/quote]

I have listed 6 shorts (2 as assists). One has closed. Another is in escrow. One seller decided he wanted to walk away (its about to go to a trustee sale). One negotiator forgot to tell the trustee we had an accepted offer(it sold at trustee sale). 2 are still active (though one of those has a verbal negotiator acceptance).

I think the most accurate version of what I am seeing is that which sdr describes. The diligence of the listing agent is really the primary deciding factor. Competence is as competence does.

What has had the most effect for me has been a fax (or 3) every day with a phone call following it. What I have seen in other agents leads me to believe that the trick is persistence and imagination. I have been working for a while with an agent who specializes as a short sale consultant. His recipe really seems to be a more developed version of what I do.

Getting good with specific negotiators certainly seems to be relevant but the real trick is learning
to how make progress before losing heart. It really can be discouraging.

My opinions and observations fwiw.

[urbanrealtor]

[quote=socrattt]If they sing long enough rates will be at 4.5% and all realtors will have 3 months of trying to find a melody. Rich you give Urbanrealtor way too much credit! [/quote]

Socrattt I dont even understand your post. I understand all the individual words and even the reference to the 4.5 percent but the humor escapes me. Please explain.

BTW, the authority as far as the steve austin theme song is one I emailed to him. Truly one of the best pieces of a capella music ever.

It is also in one episode of scrubs.
http://en.wikipedia.org/wiki/My_Nightingale#Season_2:_2002-2003

I think I missed my calling as a guest member of Revco or pigface. Possibly as a walk on for they might be giants.

BTW
Has anyone noticed that the daily show theme song is they might be giants covering Husker Du?

Does anyone have a suggestion about turning duct tape into a song????

(I mean other than the obvious move of “I wanna new duck” by Weird Al)

EDIT:
So I finally clicked on fredo’s link.

Good gawd that is awful.

I think my jingle would be more Nietzsche-esqe. Something about simulacra or darkness looking back or something.

[urbanrealtor]

[quote=socrattt]If they sing long enough rates will be at 4.5% and all realtors will have 3 months of trying to find a melody. Rich you give Urbanrealtor way too much credit! [/quote]

Socrattt I dont even understand your post. I understand all the individual words and even the reference to the 4.5 percent but the humor escapes me. Please explain.

BTW, the authority as far as the steve austin theme song is one I emailed to him. Truly one of the best pieces of a capella music ever.

It is also in one episode of scrubs.
http://en.wikipedia.org/wiki/My_Nightingale#Season_2:_2002-2003

I think I missed my calling as a guest member of Revco or pigface. Possibly as a walk on for they might be giants.

BTW
Has anyone noticed that the daily show theme song is they might be giants covering Husker Du?

Does anyone have a suggestion about turning duct tape into a song????

(I mean other than the obvious move of “I wanna new duck” by Weird Al)

EDIT:
So I finally clicked on fredo’s link.

Good gawd that is awful.

I think my jingle would be more Nietzsche-esqe. Something about simulacra or darkness looking back or something.

[urbanrealtor]

[quote=socrattt]If they sing long enough rates will be at 4.5% and all realtors will have 3 months of trying to find a melody. Rich you give Urbanrealtor way too much credit! [/quote]

Socrattt I dont even understand your post. I understand all the individual words and even the reference to the 4.5 percent but the humor escapes me. Please explain.

BTW, the authority as far as the steve austin theme song is one I emailed to him. Truly one of the best pieces of a capella music ever.

It is also in one episode of scrubs.
http://en.wikipedia.org/wiki/My_Nightingale#Season_2:_2002-2003

I think I missed my calling as a guest member of Revco or pigface. Possibly as a walk on for they might be giants.

BTW
Has anyone noticed that the daily show theme song is they might be giants covering Husker Du?

Does anyone have a suggestion about turning duct tape into a song????

(I mean other than the obvious move of “I wanna new duck” by Weird Al)

EDIT:
So I finally clicked on fredo’s link.

Good gawd that is awful.

I think my jingle would be more Nietzsche-esqe. Something about simulacra or darkness looking back or something.

[Author]

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