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Registered Jun 03, 2009
insmarket's most recent comments:
- On 29 Aug 2009
Short sale rejected,
I have a question for anyone that may have an answer. Why are lenders taking so looooong to foreclose on properties? I have an offer on a house that is a short sale (practically every home out there is a short sale). The owner has been living in the house without making a payment to the lender since Feb 2008! He also wants to continue living there as long as possible so there is no interest on his part to even get this going! His realtor is his friend so naturally, he's helping him with delays in getting paperwork to the lender. It's been over 60 days since I made the offer and to this date, there is still no BPO scheduled to take place. I have an attorney representing me and not even he can get anywhere with the seller!
- On 2 Jun 2009
Planning Perfect Escape From Underwater House,
Im glad I came to this site. Like Cashmonger, I too bought in 2005 and now my house is down 50%. I have the cash (not as much as cashmonger) to buy another with a large downpayment. I would like very much to send the keys of this one back to Citigroup, as it"s a sinking ship also. I'm mortified, however, of losing my good credit. I took out a 30yr conventional loan on this property and everyone assured me (family also) that prices in S. Florida would NEVER go down.
Over the past weekend I was outbid on an offer I made on a short sale. Now that I read your site, I think it was all for the better and it's wise to wait and see how much lower home prices sink.
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