All Forum Posts by: Larry Moore

If you have anything with a Negotiator that is basically unmoveable: BPO is too high, doesn't want to see comps or anything else that would support a lower price. Even if you send it in anyway, he just tells you again that he didn't want to see it and that they still need that same number. If you have turned one of those guys around and have it on tape, that's the one I would really like to hear. And for whatever you share, thanks, it's a very generous offer.

Since most politicians talk out of their ***, maybe she was just getting an in depth interview.

Amen to that, Lafi. Illinois as well. Don't know if it would help with inflated BPOs unless they were extremely out of line. The last word in BPO is Opinion. But the photographers, yeah, I had to deal with one of those. Won't do that again. If a photographer shows up to take pictures for a Realtor, he is not getting in!

Thanks, Scott. Points well taken.

I have asked this question before, but I am finding more and more of the calls I receive are from homeowners with FHA loans. Between those and the BoA prospects I am turning away, it doesn't leave much to work with. Is anyone having success working FHA short sales? In the past, the main issues I have faced have been:

1. FHA Appraisers are not open to being influenced.
2. The appraisals have come in on the higher end of market value with not much of a discount.
3. Lender still wanted the property to be listed on MLS starting at full appraisal.

I am considering working with FHA loans again on properties that need enough work to make them unmarketable and better candidates for discounts, since I prefer those types of properties anyway as a fix and flip retail investor. The area I am investing in keeps me in the $80K to $90K range retail for first time home buyers.

Any thoughts, advice or experiences?

For all of the reasons listed, nope!

As I read it, it states that you cannot assign your option or transfer the deed to a third party until you have closed on the property and the deed has been recorded. So, no, not never, just not immediately with a double close. Whether or not it can be enforced has been addressed in other posts.

Driving to the gym the other day, I saw a big cat chasing a squirrel. Looked like that squirrel wanted to leave the area in a bad way.

Interesting how Jamie started out with "Without any personal attacks..." and then proceeded to impugn Mike's character. Not attacking anyone, just found it interesting.

I have to ask, dentistry work? Or, was that just a joke?