http://www.biggerpockets.com/renewsblog/2008/09/15/frustration-in-an-upside-down-real-estate-world/ Learn, Network, Invest Tue, 24 Nov 2009 00:55:06 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.biggerpockets.com/renewsblog/2008/09/15/frustration-in-an-upside-down-real-estate-world/comment-page-1/#comment-60025 Paul in Las Vegas Tue, 16 Sep 2008 22:47:29 +0000 http://www.biggerpockets.com/renewsblog/?p=1380#comment-60025 Everybody has caught on about prices going up due to easy credit except for some banks that won't approve a short sale... and would rather let the home go into foreclosure. Everybody has caught on about prices going up due to easy credit except for some banks that won’t approve a short sale… and would rather let the home go into foreclosure.

]]> http://www.biggerpockets.com/renewsblog/2008/09/15/frustration-in-an-upside-down-real-estate-world/comment-page-1/#comment-60023 Ron Tue, 16 Sep 2008 19:20:17 +0000 http://www.biggerpockets.com/renewsblog/?p=1380#comment-60023 The main problem here is that the banks aren’t equipped to handle the volume of short sale requests. The process can drag on for months with foreclosure looming ever closer. The main problem here is that the banks aren’t equipped to handle the volume of short sale requests. The process can drag on for months with foreclosure looming ever closer.

]]> http://www.biggerpockets.com/renewsblog/2008/09/15/frustration-in-an-upside-down-real-estate-world/comment-page-1/#comment-60010 Ron Tue, 16 Sep 2008 08:56:55 +0000 http://www.biggerpockets.com/renewsblog/?p=1380#comment-60010 Many buyers are unwilling to deal with the headaches of a short sale and choose to look elsewhere. All of the foreclosures have resulted in a tremendous number of opportunities if the buyer has cash or the ability to obtain financing. But what about the investors who don’t have access to capital? They will pursue deals involving seller financing or try to acquire the property “subject to” the existing financing. There are huge problems here as well. Many buyers are unwilling to deal with the headaches of a short sale and choose to look elsewhere. All of the foreclosures have resulted in a tremendous number of opportunities if the buyer has cash or the ability to obtain financing. But what about the investors who don’t have access to capital? They will pursue deals involving seller financing or try to acquire the property “subject to” the existing financing. There are huge problems here as well.

]]> http://www.biggerpockets.com/renewsblog/2008/09/15/frustration-in-an-upside-down-real-estate-world/comment-page-1/#comment-60001 St George Rental Mon, 15 Sep 2008 17:36:39 +0000 http://www.biggerpockets.com/renewsblog/?p=1380#comment-60001 These are some good analagies to explain the real estate and mortgage market. These are some good analagies to explain the real estate and mortgage market.

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