Comments on: Frustration In An Upside Down Real Estate World

By: Doug

Doug — Sun, 03 Apr 2011 20:05:37 +0000

Amazed at the lack of criminal charges or even what seems to be empathy for banks on this blog. Don’t you understand that their greedy, dishonest, unlawful practices just caused a financial crash worldwide. Not yours, not mine, not Juan or
Pedro whom put their hard earned life savings down only to lose it Have you ever sold a car to someone because you know it is about to need costly repairs? Crook! Thief! dishonest bastard. You are the ones thinking the banks do not have blame & should not be punished. Don’t you know the individuals most responsible for this debacle have profitted beyond your wilsdest imagination by way of your tax dollars. Did you not blame the banks for the run up in prices by opening the flood gates to anyone. Do you really blame the public on not being financial wizards & trusting the banks with their life savings. Our failure as a financial leader in the world is owed to greed & power driven government & to big to fail banks / crooks that stole our past & future wealth & you idiots blame the public. What a bunch of stupid sheep. This country is screwed because of this mentality of acceptable dishonesty amongst the powerful & Rich. Oh, yea, our wonderful leader just gave 35 million to a solar panel company that looses as much money as the goverment does. The company had contributed to his campaign. Thats okay. Oh wait, GE almighty paid less taxes for last year than you thanks to our leader that had the rules changed for GE’s benefit. But thats okay too, because GE hired 3 x-congressmen that new the ropes & contributed to the right people. All this in a week. I know you all (on this blog) think this is just fine.

By: Paul in Las Vegas

Paul in Las Vegas — Tue, 16 Sep 2008 22:47:29 +0000

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.

By: Ron

Ron — Tue, 16 Sep 2008 19:20:17 +0000

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.

By: Ron

Ron — Tue, 16 Sep 2008 08:56:55 +0000

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.

By: Anonymous

Anonymous — Mon, 15 Sep 2008 17:36:39 +0000

These are some good analagies to explain the real estate and mortgage market.