All Forum Posts by: Dave P.

Ken,

I do many short sales as an agent. I have never done any as an investor, so take my advice with a grain of salt.

Having said that, it sounds to me like Chase thinks you are a shark. How much is owed on the first?

If the BPOs are in the 240-250 range, I'm not surprised that they said no.

I agree that NAR is the biggest joke going, but I don't see the connection. If they were involved, I think they would have sprained their arm patting themselves on the back by now.

82% of "fair market value".

In my opinion, FMV is whatever a ready, willing, and able buyer shows up at the closing table with.

How can people be so stupid?

Actually, controlled envorinments for honey bees is how we get our honey production we consume.
Be that as it may, how in the hell do these itmes stimulate our economy?

How, and why do you know that?

I just got approval on a four month old Indymac transaction.

Many agents do not understand that when the seller needs to avoid foreclosure, price is not the main objective. Finding a buyer who is willing to wait and one that can close is priority one.

Well said.

Obama said the other day that he has no intention of nationalizing banks. Now a few days later they’re talking about taking an even larger stake in Citibank that would be just short of nationalization.

I sincerely believe that he makes promises or statements, with excuses for not following through, planned before he has even made the promise or statement.

He is toxic and pathological.

There is absolutely no way inflation will not return. No, I'm not saying hyperinflation is a given. I think it is a chance but am not building my investing models on it. But, inflation will be a major economic factor starting later this year and continuing for a long time.

X2.

Ummm, money is pretty cheap right now...if you can get it.

I've been thinking about those letters that I got from Bank of America. At first, I thought that they were just incredibly stupid to piss off one of their best customers. But then it occurred to me that they had essentially prevented me from borrowing any more money because they probably don't have the money to lend.

This is the ONLY first hand account that I have heard of tightening credit that seems unwarranted.

I have heard from so many other sources that "credit is tight". However, after asking a couple of questions, it always becomes obvious that credit isn't really tight, the borrower just wasn't really qualified.

This story, on the other hand, is ridiculous. It's also scary as hell. Either they are completely incompetent or they know something that they won't admit. Either way, it's scary.

Mike, thanks for sharing.

I cant say as much for them "losing" my authorization every day for 2 weeks in a row.

That would be funny, if it weren't soooo true.

If you thought this was a big ripoff you aint seen nothing yet. Get used to being ripped off for the next 4 years. This country has too many gullible people and the rest of us get to suffer because of it.

You might have meant next 40 years.