All Forum Posts by: Herm M.

The property can sell from 350-380, so 370k seems accurate for FMV.

Also, the realtor commissions doesn't really apply to me. I use my cousin as my realtor, so I get most of that money back. I just have to pay the end buyer's agent...

I offered 275k on a BofA property. They countered with 370k, which I'm guessing is their BPO.

What do I counter back at? 80% of that? 82%?

lol, WTF? Wachovia has hopped on the wagon too?!?

Nick, where did the 9k go? Did it go to Will for holding costs?

agreed.

you call them "sheep," I call them "squares." LOL.

Does the sexual predator map actually help? What site do you get that from?

If you borrowed 50k, and are paying 10% interest, than you would be paying 5k.

If you are paying 10k, then you're paying 20%.

Moe, my cousin wrote it down. I'll see if he still has it...

I can't comment on the 2 years part, but yes...properties that were short-saled and owner-occupied are supposed to be forgiven as far as taxes go.

But I think there's more to it...if you had an equity line that wasn't a purchase line, then there might be some different rules behind it.

I will make a MUCH lower offer on the next property.