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waterboy
ParticipantCould the bank made a little more money….maybe? I think it is most important for them to move these properties off their books right away and if a bulk investor group can do it than great. Those investors are still taking on risk and I’m not so sure they always have this attractive of an outcome.
Banks get screwed some of the time when they list hwith realtors anyway, because some just get sold to those realtors friends at a low bid. Others are priced to high at first and have to chase back down for a few months thus having the carrying costs. Did I mention the time it takes some banks to even get the home listed…its not an efficient system for most banks.
Are the investors purchasing a bulk of properties are are spread out, or newer homes that are all in one development? How many do you have to purchase at a time to be considered bulk investor?
ParticipantCould the bank made a little more money….maybe? I think it is most important for them to move these properties off their books right away and if a bulk investor group can do it than great. Those investors are still taking on risk and I’m not so sure they always have this attractive of an outcome.
Banks get screwed some of the time when they list hwith realtors anyway, because some just get sold to those realtors friends at a low bid. Others are priced to high at first and have to chase back down for a few months thus having the carrying costs. Did I mention the time it takes some banks to even get the home listed…its not an efficient system for most banks.
Are the investors purchasing a bulk of properties are are spread out, or newer homes that are all in one development? How many do you have to purchase at a time to be considered bulk investor?
ParticipantCould the bank made a little more money….maybe? I think it is most important for them to move these properties off their books right away and if a bulk investor group can do it than great. Those investors are still taking on risk and I’m not so sure they always have this attractive of an outcome.
Banks get screwed some of the time when they list hwith realtors anyway, because some just get sold to those realtors friends at a low bid. Others are priced to high at first and have to chase back down for a few months thus having the carrying costs. Did I mention the time it takes some banks to even get the home listed…its not an efficient system for most banks.
Are the investors purchasing a bulk of properties are are spread out, or newer homes that are all in one development? How many do you have to purchase at a time to be considered bulk investor?
ParticipantCould the bank made a little more money….maybe? I think it is most important for them to move these properties off their books right away and if a bulk investor group can do it than great. Those investors are still taking on risk and I’m not so sure they always have this attractive of an outcome.
Banks get screwed some of the time when they list hwith realtors anyway, because some just get sold to those realtors friends at a low bid. Others are priced to high at first and have to chase back down for a few months thus having the carrying costs. Did I mention the time it takes some banks to even get the home listed…its not an efficient system for most banks.
Are the investors purchasing a bulk of properties are are spread out, or newer homes that are all in one development? How many do you have to purchase at a time to be considered bulk investor?
March 17, 2009 at 8:05 PM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368346ParticipantLa Jolla & PB still have lots of downside risk as they didn’t decline much in 08. Tons of inventory.
March 17, 2009 at 8:05 PM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368632ParticipantLa Jolla & PB still have lots of downside risk as they didn’t decline much in 08. Tons of inventory.
March 17, 2009 at 8:05 PM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368799ParticipantLa Jolla & PB still have lots of downside risk as they didn’t decline much in 08. Tons of inventory.
March 17, 2009 at 8:05 PM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368837ParticipantLa Jolla & PB still have lots of downside risk as they didn’t decline much in 08. Tons of inventory.
March 17, 2009 at 8:05 PM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368953ParticipantLa Jolla & PB still have lots of downside risk as they didn’t decline much in 08. Tons of inventory.
ParticipantYes, I don’t understand her logic as even if we decided to bail her out and offer a very reasonable 4% 40yr loan why would she take it as she pulled so much out in refi that she owes around $750k.
She says she wants her house back, but is she also wanting a principal reduction? It isn’t the rate increases that did her in but rather the money she so happily spent from the refi.
I would like to interview her on CNN so that America can hear what her plan is to keep the house long term. She is just wasting all our time.
ParticipantYes, I don’t understand her logic as even if we decided to bail her out and offer a very reasonable 4% 40yr loan why would she take it as she pulled so much out in refi that she owes around $750k.
She says she wants her house back, but is she also wanting a principal reduction? It isn’t the rate increases that did her in but rather the money she so happily spent from the refi.
I would like to interview her on CNN so that America can hear what her plan is to keep the house long term. She is just wasting all our time.
ParticipantYes, I don’t understand her logic as even if we decided to bail her out and offer a very reasonable 4% 40yr loan why would she take it as she pulled so much out in refi that she owes around $750k.
She says she wants her house back, but is she also wanting a principal reduction? It isn’t the rate increases that did her in but rather the money she so happily spent from the refi.
I would like to interview her on CNN so that America can hear what her plan is to keep the house long term. She is just wasting all our time.
ParticipantYes, I don’t understand her logic as even if we decided to bail her out and offer a very reasonable 4% 40yr loan why would she take it as she pulled so much out in refi that she owes around $750k.
She says she wants her house back, but is she also wanting a principal reduction? It isn’t the rate increases that did her in but rather the money she so happily spent from the refi.
I would like to interview her on CNN so that America can hear what her plan is to keep the house long term. She is just wasting all our time.
ParticipantYes, I don’t understand her logic as even if we decided to bail her out and offer a very reasonable 4% 40yr loan why would she take it as she pulled so much out in refi that she owes around $750k.
She says she wants her house back, but is she also wanting a principal reduction? It isn’t the rate increases that did her in but rather the money she so happily spent from the refi.
I would like to interview her on CNN so that America can hear what her plan is to keep the house long term. She is just wasting all our time.
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