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Iwog that was my email

By Bap33   Follow   Thu, 9 Dec 2010, 7:14pm   1,035 views   13 comments
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Just incase you had doubts.

Thanks

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1. Bap33 Follow Befriend (3) 12 threads 3,094 comments

   1   7:25pm Fri 10 Dec 2010   Share   Quote   Permalink   Like   Dislike (1)   Iwog must not read this area

2. iwog Follow Befriend (48) 272 threads 12,438 comments 47 male Lafayette, CA Premium

   2   3:20am Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike   Protected   Huh? You sent me email? You want my credit card numbers and mother's maiden name?

3. Bap33 Follow Befriend (3) 12 threads 3,094 comments

   3   6:24am Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike (1)   no, I sent it to the aol address. It was a real email. I'm looking for a hardmoney shortterm loan. The FHA/HUD 203b loan is going to take too long and I'll lose this house. House is $134,500 REO (actual value $160K - $180K as is) Repairs are $30,000 (have bids) (repaired value $200K - $230K) I'll pay $12K in cash up front to use the money for 6(min) to 12(max) months. (depends on time frame needed for re-fi). I'll pay $1,000 finders fee to you, if you aint able to swing it, but hook me up with someone who can. If you want $12K in cash for a fully secured, short term investment, then I'm your best bet. I have no issues with getting a loan, it's a time frame problem that brings me to this point.

4. elliemae Follow Befriend (25) 413 threads 6,976 comments Saint George, UT elliemae's website

   4   8:30am Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike   iwog says Huh? You sent me email? You want my credit card numbers and mother’s maiden name? Can I get your social, too? waiting by the phone.

5. iwog Follow Befriend (48) 272 threads 12,438 comments 47 male Lafayette, CA Premium

   5   9:42am Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike   Protected   Bap33 says no, I sent it to the aol address. It was a real email. Whoops, my bad. I didn't get your email. It actually did go in my spam folder! I sent you a reply.

6. Bap33 Follow Befriend (3) 12 threads 3,094 comments

   6   10:09am Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike (1)   got it, thanks ellie, your SSN is of no value to me .... but, I'm needing a $170K loan to keep from missing the chance of a lifetime.

7. marcus Follow Befriend (5) 166 threads 5,053 comments

   7   12:48pm Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike   Isn't it strange that it's harder to borrow money now for real estate than it was when it was so much more expensive? I was recently wondering about ways to borrow cash for short term (until mortgage was easily obtained) to bid at auctions, but realized that because of the risk of the title being encumbered by other liens, that is a tricky business. Better to find REO with clear title with higher but still distressed pricing, which can be mortgaged. But still, I too would be interested in learning whether anyone is aware of bridge loans for these types of situations (I don't mean the one day type of transaction financing), because even in these situations cash is king right ? Maybe I'll try this as a real estate thread.

8. ¥ Follow Befriend 35 threads 5,700 comments Bellingham, WA

   8   1:50pm Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike   marcus says Isn’t it strange that it’s harder to borrow money now for real estate than it was when it was so much more expensive? LOL. http://piggington.com/strawberry_picker_buys_720_000_house_on_15_000_yr_income Being a lifelong renter, my real estate education has come very slowly and incompletely. It wasn't until not too long ago that the special nature of the real estate market became clear to me. If we go by monthly outgo, real estate is the #1 thing in nearly everyone's life. They stopped making Californian land several million years ago so the supply is pretty fixed. With population and productivity growth the money chasing it is increasing. It gets so expensive we enlist the aid of the finance sector to spread the payments for it over the rest of our lives, but of course that too makes it more expensive. Non-owners have to bid against eachother for properties -- and bid against wealthier players desiring to play Monopoly for real -- which basically means housing will never be truly affordable, except in times of extreme crisis like now where many players are too afraid to enter the market, have committed their bankroll already, waiting for a bottom, or lack the resources due to the crisis itself. RIGHT NOW may in fact be the best time in the history of mankind to buy a house. Or not. Lots of shit can still be blowing up this decade, putting us more in the 1990s Japan experience rather than the 1970s happy inflationista one. It looks like Jerry Brown is going to be cutting the BS with the state budget next year -- a special election in June where the electorate gets to pick its poison: higher taxes or program cuts. We've got a $25B annual shortfall and the idiots are now selling $1B of gov't buildings to get us another two weeks of life. I don't know how much pain is going to be applied next year, but every billion of taxes or cuts is ~100,000 peoples' lives getting f---ed over. This is still year 3. Living in Japan 1992-2000 was rather educational for me, that was years 3 through 11 of their crisis.

9. Bap33 Follow Befriend (3) 12 threads 3,094 comments

   9   2:54pm Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike (1)   I have an REO in escrow, and I'm getting to watch it slip through my fingers because FHA/HUD 203 loan system absolutly has no organization and killed my escrow time. I only went this way to put repairs on the 30 year note. I am soooooo F-ed right now. $1,000 in fees and inspections shot to hell. No time to just get a convential and secure the house. Absolutly F-ed. So, I'm looking for a 1yr hard loan

10. elliemae Follow Befriend (25) 413 threads 6,976 comments Saint George, UT elliemae's website

    10   3:23pm Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike   Bap33 says I have an REO in escrow, and I’m getting to watch it slip through my fingers because FHA/HUD 203 loan system absolutly has no organization and killed my escrow time. I only went this way to put repairs on the 30 year note. I am soooooo F-ed right now. $1,000 in fees and inspections shot to hell. No time to just get a convential and secure the house. Absolutly F-ed. So, I’m looking for a 1yr hard loan Sucks - like Marcus said, it's crazy that it's harder to get a loan now, when housing is much less expensive than it was. Hope you get it figured out.

11. Bap33 Follow Befriend (3) 12 threads 3,094 comments

    11   4:02pm Sat 11 Dec 2010   Share   Quote   Permalink   Like   Dislike (1)   here I sit: 780+ credit on all three systems no debt at all, for like a year now 70+K income $20K DP REO house in escrow @$134,500 (value is $170) Repairs - roof, flooring, HVAC, painting @$30K (all w/bids from licensed contractors) Loan is approved. And then the warm excrement contacted the rotating electric finned cooling device ..... the FHA/HUD "certifited" home inspector is requested by an underwriter, and his input and procedures will put us a month beyond escrow .. a full friggin 30 days (holidays dont help) beyond the escrow closing date. I am F-ed. So, if ANYONE has $170K to leverage this house and repairs, I'll pay $12K at close of escrow in cash for the use of the money ... 1 year term. No cash need ever hit my hands, all transactions will be direct to contractors. Ok, who wants to make $12K on their money in a fully secured investment - worst case (I die, lose an arm, job ext) is you own a house for cheap and get my $12K. Since I'd be dead, I'm good with that. (wait, life insurance would pay wife, so you are still in the clear!) Lets DEAL!!

12. American in Japan Follow Befriend (28) 149 threads 1,398 comments

    12   1:22am Tue 4 Jan 2011   Share   Quote   Permalink   Like   Dislike   @Troy I am tempted to start a post about Japan.

13. elliemae Follow Befriend (25) 413 threads 6,976 comments Saint George, UT elliemae's website

    13   7:30am Tue 4 Jan 2011   Share   Quote   Permalink   Like   Dislike   American in Japan says @Troy I am tempted to start a post about Japan. Do it. I'd be interested to learn about your experiences there.