All Forum Posts by: John Andre

Bottom line Lee and Jon, That is why I invest! I can not afford for the government to be or not to be there with my $1,200 a month when I turn 65. If we are given the chance to live, and make our own choices at what level we will live, no one can expect someone else to pick up the tab and keep us at that level. When a person decides to stop working, at 40, 50, or 60, they should have the ability to take care of them self. One of the saddest and real things I saw when I moved to Florida, was 70 to 75ish maybe older, men bagging my groceries. I can not believe they all wanted to work because they needed something to do. Some of them had a hard enough time bagging my groceries, but when they always asked me "do you need help out with that" I could only smile and say no, I can take care of it myself.

The difference between SS and a ponzi is, SS is government backed, that makes it legal. That put Madoff as a competitor of the government, and he was more successful. Some of his investors made more than they put in. The government can not compete at that level. So, that makes the ponzi illegal.
Depositor "c" pays for depositor "a" ... investor "c" pays for investor "a"
SOS no matter how you look at it. Just never thought about it till you brought it up Lee.

Look how much money you are going to save on lawn maintenance

Thanks Minna, Tim already pointed out I did not refer to my wife as a Realtor. Florida, the shortsales seem to be a piece of cake. I got docs on another one today, to close next week. Everything was submitted in Oct. California is another story.

Joshua,
Once again you prove to be the MAN with the answers.
Thanks for your efforts, this place rocks!! :groovy:

Call from your cell as you drive away. The call is logged and can be proof of "doing something"

David,
This is what I am seeing, do you see it this way also. I lived in SW Florida and still go back every couple months. So I see both markets.There is such a back log of pre foreclosures in Florida, the bank is not eager to take them back and are happier to sort sale them. In Southern California, especially a never lived in model home, there is not an over supply of homes. The banks are not eager to talk and do not mind taking it, in all their wisdom, they might feel they can make more money for a house in demand. Also look at the time to complete the SS after all paper is turned in. Ca., nine plus months, Florida 4 to 5 on average for my friends down there.

My wife is not a garbage Realtor!! Did you see this part:

"Talking to the assigned AM for the file daily, and sometimes, multiple times a day, nothing was ever said about a possible sale date."

There is nothing that can be done with an incompetent, over worked, salaried bank employee. My wife thought she had everything worked out, and the deal closing, when an hour into the phone call, the rep says " tomorrow is my birthday, I am taking the rest of the week off and going fishing." After letting him know she needed a name and phone number for someone that will be familiar with the file, he gave her Bob's number. Bob did not exist! This was on a Thursday, It was Tuesday before the concerned banker was available to answer the Phone again. I say let them all foreclose. Nine months talking to banks and re faxing the docs 5 times because, "it did not come through yet" is not worth 2.5 %. work it out, a short sale agent would make more money being a greeter at Walmart. The leads would be great too!

In this culture of blaming everything on the other guy, I would not even get involved. But, If I heard a man betting a woman, or wife, I would 911 it in a heart beat. Anomalously, of course!

Yes, My wife. Working with an investor that buys most of a national builders, model homes here in California. The builder closed out a project and handed the three models back to the investor. He bought for 1.2 to 1.4M Current values were under 1M.
Had all cash, and back up cash offers on all properties. Bank took 7 months before any movement was made. In month 9 she closed the first, two weeks later, the buyer calls and said, do you know they foreclosed plan #1 last night?
No one knew anything. Talking to the assigned AM for the file daily, and sometimes, multiple times a day, nothing was ever said about a possible sale date.
After 8 months the first buyer walked. Submitted the 2nd all cash offer same day. Because BPO's were more than 6 months old, new ones had to be ordered. It took more than a month to get the 2nd BPO completed. In the mean time the second did not have an accepted offer on the table, so they foreclosed. It was a classic case of one department not talking to the other, or just how screwed up the banks are.