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FIND YOUR DREAM HOME OR APARTMENT
10Comments
Jun 9, 2012 11:54PM
The housing market fell because develaptors built 35,000.00 dollars & sold them for 300,000.00 or more. and the realtors were selling homes from the 1960's for 250,000.00 or more, when they were new only went for 13,000.00 to 19,000.00. The banks, lenders gave the loans to non U.S. citizens, & all the interest only loans, WHY WOULD ANYONE SIGN ANYTHING LIKE THAT? Or pay 300,000.00 for a home that you can stand inbetween them and touch booth homes, Or your neyberos can look right into your masterbath, or bedroom? SO I guess the blame goes to all of you who bought the homes in the first place!!!!!!!!!!
Apr 18, 2012 8:43AM
Buying short sale is really long tedious process and time consuming. I don't find any rewards but finding nuisance because it is too much hassles and upsets. A short sale experience realtor is helpful but not always. it is depend on the banks. Some banks are faster and easy to deal with but most the banks are slow and your papers are offen getting lost due to bank workers move around. Several years ago, I submitted for a very nice property. The short sales procedure was done properly but after 6 months of waiting for the bank to approve, it approved. The owner changed mind and I lost money for a home inspection Finally she filed for a bankruptcy bank sold the property cheaper to another investor. Second one was successful because the my realtor and the seller were very motivated. They fought with the bank in court to stop foreclosure. Seller wrote letters, phoned calls. I really had a good deal with this one. Third one has been very long since November 2011 and the BAC bank lost my offer. They asked our agent to submit the offer again. Nothing has happened yet. I don't know if the bank accept my offer or just many months anxious waiting, they ask for more. If they ask for more, I of course walk away. It is upsetting.
Apr 14, 2012 8:47AM
We are all killing the market! By our continuous appetite for imports. Without
any regard as to how it will effect our future, jobs, standard of living etc.
We also pressure our markets for immediate returns on our investments, rather
the focusing on long term investments, and solid returns.
We need to stop blaming others, and do our share to improve our future!
Apr 14, 2012 8:40AM
Not only does a bank make money on past payments of mortgages but they make money on the insurance, the resale of the property, Then there is the increase of worth the house has. I don't know of too many people who don't make second mortgages to personalize the home with things they would like or need to have. But remember this. We went through the same thing with the first Bush Presidency. It is truly a Neoclown joke on We The People. Have you read the American Nazi Party has hired Lobbyists. What's next a Republican Hitler for President. The Neocons do not have Middle and Lower Class citizens in mind as they throw big corp and wealth at their Pols.
Apr 14, 2012 8:38AM
We are trying to short sell our house in So. Cal. right now (since September actually). It is hard to do because those who are in the market to buy, don't want to wait the 4 to 6 months it takes to have the sale go through. (The only reason it even takes that long is because the lender drags it out for that long.) We have had two offers that were both only $ 30K less than what we owe, but the buyers pulled out because of the time it would take for the sale to go through.
Apr 14, 2012 8:10AM
Apr 14, 2012 7:38AM
Dghuggs, Since you mention only republicans are responsible for this housing messon I can easely see how politicality ignorant or politically fake you are.
This is typical beheavior of the Liberals beacuse "Liberals are Fake, Frauds and Phonies"
If you only knew an ounce of politics then how do you explain the following names that were responsible for this mess: Barney Franks and Andrew Coumo(1998).
Do your reseach and you'll see who and how they cause this mess.
Please instruct yourself before you open your Liberal, intelectually challengedl and confused mouth.
Tm
Apr 14, 2012 6:56AM
Banks insure against bad loans by taking out policies for the full value of the loan from three or four sources: Bank of America insures loans through AGI, the FDIC, and their own private carrier. So if a loan is bad they get paid three times, plus they get whatever equity the buyers had in the house. Wonder why they were handing out so many bad loans? They truly didn't care if the loan failed, they made a huge profit anyway. And other banks are doing the same thing, Wells Fargo for one. How much did this practice contribute to the recession? Do we stand a chance when bank loans, oil prices, and the stock market are being manipulated by such evil means? Vote all Republicans out, they're eating out of the hands of these corporate monsters!
Apr 14, 2012 5:34AM
face it our government is bought and paid for by the banks and giant corporations, while the republicans rail against supposedly socialist government proposals they are all to willing to carry on with socialistic policies that protect the to big to fail financial entities that shuffle paperwork and calls it "production", I call it looting the American treasury.
Apr 14, 2012 2:26AM
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