[urbanrealtor]

You kind of have to play hardball.
If your lender decides its not worth what you are paying, they can rescind your loan (though, without further info I don’t know if that is really in the cards).

Either way, that appraisal now becomes part of the minimum disclosures for the bank to give to any buyer.

Ergo, you will probably get it for the lower amount.

If you don’t end up paying 9 less, someone else will.

Some banks still try to play hardball on this (as this seller may).

Good luck.

[urbanrealtor]

You kind of have to play hardball.
If your lender decides its not worth what you are paying, they can rescind your loan (though, without further info I don’t know if that is really in the cards).

Either way, that appraisal now becomes part of the minimum disclosures for the bank to give to any buyer.

Ergo, you will probably get it for the lower amount.

If you don’t end up paying 9 less, someone else will.

Some banks still try to play hardball on this (as this seller may).

Good luck.

[urbanrealtor]

[quote=SD Realtor]No he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.[/quote]

As an example my HAFA is in a building where all short sales close for about 115k.
The Short sale bank stated that the price needed to be $123k.

That is what they are talking about.
And its a fair point.
I will keep you posted.

[urbanrealtor]

[quote=SD Realtor]No he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.[/quote]

As an example my HAFA is in a building where all short sales close for about 115k.
The Short sale bank stated that the price needed to be $123k.

That is what they are talking about.
And its a fair point.
I will keep you posted.

[urbanrealtor]

[quote=SD Realtor]No he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.[/quote]

As an example my HAFA is in a building where all short sales close for about 115k.
The Short sale bank stated that the price needed to be $123k.

That is what they are talking about.
And its a fair point.
I will keep you posted.

[urbanrealtor]

[quote=SD Realtor]No he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.[/quote]

As an example my HAFA is in a building where all short sales close for about 115k.
The Short sale bank stated that the price needed to be $123k.

That is what they are talking about.
And its a fair point.
I will keep you posted.

[urbanrealtor]

[quote=SD Realtor]No he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.[/quote]

As an example my HAFA is in a building where all short sales close for about 115k.
The Short sale bank stated that the price needed to be $123k.

That is what they are talking about.
And its a fair point.
I will keep you posted.

[urbanrealtor]

CAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.

[urbanrealtor]

CAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.

[urbanrealtor]

CAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.

[urbanrealtor]

CAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.

[urbanrealtor]

CAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.

[urbanrealtor]

[quote=MadeInTaiwan][quote=Allan from Fallbrook]

Brian: It doesn’t have anything to do with being ashamed of slavery. It has to do with the causes (note the plural) of the war, of which slavery was only one (but NOT the most important one).

And, yeah, State’s Rights were definitely in there (which, if you read “For Cause and Comrades”, you’ll see)…[/quote]

Allan,

You are well learned in many areas, but you are wrong about the cause of Civil War. Slavery was the main driving force.

This is but one primary source.

http://www.civil-war.net/pages/mississippi_declaration.asp

What was the State’s right that the South was concerned about? Slavery[/quote]

Here is the Confederate Constitution.
http://en.wikisource.org/wiki/Constitution_of_the_Confederate_States_of_America

Fun trick:
do a ctrl f for “negro” and “slave”.

Enjoy.

[urbanrealtor]

[quote=MadeInTaiwan][quote=Allan from Fallbrook]

Brian: It doesn’t have anything to do with being ashamed of slavery. It has to do with the causes (note the plural) of the war, of which slavery was only one (but NOT the most important one).

And, yeah, State’s Rights were definitely in there (which, if you read “For Cause and Comrades”, you’ll see)…[/quote]

Allan,

You are well learned in many areas, but you are wrong about the cause of Civil War. Slavery was the main driving force.

This is but one primary source.

http://www.civil-war.net/pages/mississippi_declaration.asp

What was the State’s right that the South was concerned about? Slavery[/quote]

Here is the Confederate Constitution.
http://en.wikisource.org/wiki/Constitution_of_the_Confederate_States_of_America

Fun trick:
do a ctrl f for “negro” and “slave”.

Enjoy.

[urbanrealtor]

[quote=MadeInTaiwan][quote=Allan from Fallbrook]

Brian: It doesn’t have anything to do with being ashamed of slavery. It has to do with the causes (note the plural) of the war, of which slavery was only one (but NOT the most important one).

And, yeah, State’s Rights were definitely in there (which, if you read “For Cause and Comrades”, you’ll see)…[/quote]

Allan,

You are well learned in many areas, but you are wrong about the cause of Civil War. Slavery was the main driving force.

This is but one primary source.

http://www.civil-war.net/pages/mississippi_declaration.asp

What was the State’s right that the South was concerned about? Slavery[/quote]

Here is the Confederate Constitution.
http://en.wikisource.org/wiki/Constitution_of_the_Confederate_States_of_America

Fun trick:
do a ctrl f for “negro” and “slave”.

Enjoy.

[Author]

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