[urbanrealtor]

In my experience it is best to leave it to the short sale agent or negotiator (whichever one negotiates on your behalf).

I have seen a lot of my clients try to work something out with the bank by offering to pay some fee at closing or to carry an unsecured loan after sale.

If you do a short sale, the first lien holder will approve some paltry pay out to the second.

Typically, the second will have guidelines for what they will accept.

Its not like every short sale negotiator or agent is great (some are quite lousy) but it has been my experience that the bank negotiators prey upon the inexperience of homeowners to get promises and concessions from them.

My 2 bits.

[urbanrealtor]

In my experience it is best to leave it to the short sale agent or negotiator (whichever one negotiates on your behalf).

I have seen a lot of my clients try to work something out with the bank by offering to pay some fee at closing or to carry an unsecured loan after sale.

If you do a short sale, the first lien holder will approve some paltry pay out to the second.

Typically, the second will have guidelines for what they will accept.

Its not like every short sale negotiator or agent is great (some are quite lousy) but it has been my experience that the bank negotiators prey upon the inexperience of homeowners to get promises and concessions from them.

My 2 bits.

[urbanrealtor]

[quote=sreeb]I don’t think you will see the lines drawn across income levels. I’m expecting it to come down to the productive class vs the leaching class. Much of the financial class has now joined the leaches.

I believe we are already so far gone that default is inevitable, the only question is who gets defaulted on.

It is going to come down to either the entitled (voters) or the bond holders (foreigners and bankers). By the time the 2012 elections are over, the bond holders will realize that it won’t be the entitled. Then we become Greece. Interest rates will spiral rapidly as first risk is priced in and then the budget effect of the higher rates creates positive feed back.[/quote]

Yeah, that whole post is non-credible.

The problem with us “becoming Greece” is that all of Greece’s debt was externally denominated.
Very little of ours is.
We tend to only issue debt in the form of dollars (not exclusively but for the most part).

If we ever really had a problem paying on those bonds we could just literally print the cash and mail it to the bond holders.

It is possible that the leverage spreads will increase but I doubt it.

Pretty much you can take whatever nominal promise the US makes and treat it as gold now and forever.

We still own the presses.

What will change in the next 10 years or so is that the BRIC countries will gain prominence as consumer markets.

Just wait until Chery starts producing electric vehicles for Asia.

Then being Greece will be the least of our problems.

[urbanrealtor]

[quote=sreeb]I don’t think you will see the lines drawn across income levels. I’m expecting it to come down to the productive class vs the leaching class. Much of the financial class has now joined the leaches.

I believe we are already so far gone that default is inevitable, the only question is who gets defaulted on.

It is going to come down to either the entitled (voters) or the bond holders (foreigners and bankers). By the time the 2012 elections are over, the bond holders will realize that it won’t be the entitled. Then we become Greece. Interest rates will spiral rapidly as first risk is priced in and then the budget effect of the higher rates creates positive feed back.[/quote]

Yeah, that whole post is non-credible.

The problem with us “becoming Greece” is that all of Greece’s debt was externally denominated.
Very little of ours is.
We tend to only issue debt in the form of dollars (not exclusively but for the most part).

If we ever really had a problem paying on those bonds we could just literally print the cash and mail it to the bond holders.

It is possible that the leverage spreads will increase but I doubt it.

Pretty much you can take whatever nominal promise the US makes and treat it as gold now and forever.

We still own the presses.

What will change in the next 10 years or so is that the BRIC countries will gain prominence as consumer markets.

Just wait until Chery starts producing electric vehicles for Asia.

Then being Greece will be the least of our problems.

[urbanrealtor]

[quote=sreeb]I don’t think you will see the lines drawn across income levels. I’m expecting it to come down to the productive class vs the leaching class. Much of the financial class has now joined the leaches.

I believe we are already so far gone that default is inevitable, the only question is who gets defaulted on.

It is going to come down to either the entitled (voters) or the bond holders (foreigners and bankers). By the time the 2012 elections are over, the bond holders will realize that it won’t be the entitled. Then we become Greece. Interest rates will spiral rapidly as first risk is priced in and then the budget effect of the higher rates creates positive feed back.[/quote]

Yeah, that whole post is non-credible.

The problem with us “becoming Greece” is that all of Greece’s debt was externally denominated.
Very little of ours is.
We tend to only issue debt in the form of dollars (not exclusively but for the most part).

If we ever really had a problem paying on those bonds we could just literally print the cash and mail it to the bond holders.

It is possible that the leverage spreads will increase but I doubt it.

Pretty much you can take whatever nominal promise the US makes and treat it as gold now and forever.

We still own the presses.

What will change in the next 10 years or so is that the BRIC countries will gain prominence as consumer markets.

Just wait until Chery starts producing electric vehicles for Asia.

Then being Greece will be the least of our problems.

[urbanrealtor]

[quote=sreeb]I don’t think you will see the lines drawn across income levels. I’m expecting it to come down to the productive class vs the leaching class. Much of the financial class has now joined the leaches.

I believe we are already so far gone that default is inevitable, the only question is who gets defaulted on.

It is going to come down to either the entitled (voters) or the bond holders (foreigners and bankers). By the time the 2012 elections are over, the bond holders will realize that it won’t be the entitled. Then we become Greece. Interest rates will spiral rapidly as first risk is priced in and then the budget effect of the higher rates creates positive feed back.[/quote]

Yeah, that whole post is non-credible.

The problem with us “becoming Greece” is that all of Greece’s debt was externally denominated.
Very little of ours is.
We tend to only issue debt in the form of dollars (not exclusively but for the most part).

If we ever really had a problem paying on those bonds we could just literally print the cash and mail it to the bond holders.

It is possible that the leverage spreads will increase but I doubt it.

Pretty much you can take whatever nominal promise the US makes and treat it as gold now and forever.

We still own the presses.

What will change in the next 10 years or so is that the BRIC countries will gain prominence as consumer markets.

Just wait until Chery starts producing electric vehicles for Asia.

Then being Greece will be the least of our problems.

[urbanrealtor]

[quote=sreeb]I don’t think you will see the lines drawn across income levels. I’m expecting it to come down to the productive class vs the leaching class. Much of the financial class has now joined the leaches.

I believe we are already so far gone that default is inevitable, the only question is who gets defaulted on.

It is going to come down to either the entitled (voters) or the bond holders (foreigners and bankers). By the time the 2012 elections are over, the bond holders will realize that it won’t be the entitled. Then we become Greece. Interest rates will spiral rapidly as first risk is priced in and then the budget effect of the higher rates creates positive feed back.[/quote]

Yeah, that whole post is non-credible.

The problem with us “becoming Greece” is that all of Greece’s debt was externally denominated.
Very little of ours is.
We tend to only issue debt in the form of dollars (not exclusively but for the most part).

If we ever really had a problem paying on those bonds we could just literally print the cash and mail it to the bond holders.

It is possible that the leverage spreads will increase but I doubt it.

Pretty much you can take whatever nominal promise the US makes and treat it as gold now and forever.

We still own the presses.

What will change in the next 10 years or so is that the BRIC countries will gain prominence as consumer markets.

Just wait until Chery starts producing electric vehicles for Asia.

Then being Greece will be the least of our problems.

[urbanrealtor]

Post the address.
Its public record.
Someone will post a name shortly.

[urbanrealtor]

Post the address.
Its public record.
Someone will post a name shortly.

[urbanrealtor]

Post the address.
Its public record.
Someone will post a name shortly.

[urbanrealtor]

Post the address.
Its public record.
Someone will post a name shortly.

[urbanrealtor]

Post the address.
Its public record.
Someone will post a name shortly.

[urbanrealtor]

[quote=danielwis]Tell everyone who calls that the place is haunted. You hear voices all hours of the night. Some might be imagined but the child screaming next door is real. If you can live with it, leave the place a complete and utter disaster if and when they show the unit.

Then give your 30 days notice with a not so polite letter, and insist that they use your security deposit for the final 30 days.

They’ll be pissed, but does your friend really care if they are pissed?[/quote]
Awesome.
I would build a faux meth lab also.

[urbanrealtor]

[quote=danielwis]Tell everyone who calls that the place is haunted. You hear voices all hours of the night. Some might be imagined but the child screaming next door is real. If you can live with it, leave the place a complete and utter disaster if and when they show the unit.

Then give your 30 days notice with a not so polite letter, and insist that they use your security deposit for the final 30 days.

They’ll be pissed, but does your friend really care if they are pissed?[/quote]
Awesome.
I would build a faux meth lab also.

[urbanrealtor]

[quote=danielwis]Tell everyone who calls that the place is haunted. You hear voices all hours of the night. Some might be imagined but the child screaming next door is real. If you can live with it, leave the place a complete and utter disaster if and when they show the unit.

Then give your 30 days notice with a not so polite letter, and insist that they use your security deposit for the final 30 days.

They’ll be pissed, but does your friend really care if they are pissed?[/quote]
Awesome.
I would build a faux meth lab also.

[Author]

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