patrick.net

Well, until securitization is stopped or notes are transfered properly, I would not buy a house on credit. The only way to be sure about title is to pay cash and have comprehensive title insurance that covers everything.

But it would be useful for those who need to buy.

Thanks for your comment........something I think the buying public needs......something for the buyer and not the seller..........what about it folks?

Sure - so (in theory) I post that I would like to buy a 3/2 in a certain area. Someone posts that they'd offer $xxx; then someone else says they'd offer $xxx+1 and the first sale is a goner.

There are sites like this - they're called fsbo's.

I have a 800+ cedit rating
I have zero debt
I have a DP
I know exactly what I want and what it is worth
I know my area, the wages, and the values of homes

I am not willing to stuff my head up my ass, hand my money to some leach POS REwhore, so I have not been able to buy an REO thus far.

So, should I pay for an ad in the paper that tells my info and see if an eager REpuke contacts me and gets something done?

What "we" need is a direct link to the assett mgr and a public viewed bidding system (Ebay style) .. no REpukes, just pre-qualed buyer OCCUPIERS and a web based bid system coupled with #X of open houses at the site. No more REturds need apply.

One problem I imagine is the vast, broad differences in 'a 3/2 in a specific area'. I for one am very picky about architecture, lot, how the house sits on the lot, materials, etc. Although that just means you might get a lot of queries that result in 'no dice'.

And as Ellie said, there are FSBOs already. Unfortunately they are seen by the 'establishment' i.e. "REAL-TORS" (insipid pronounciation correction) as 'scabs' and therefore do all they can to give them a bad rap.

Well I don't mean a fsbo style site. This would be more of BYH site. I am sure one of you guys are bright enough to give some input. I myself would like to browse thru some no BS homes with the real bottom dollar listed with all the legality stuff listed and twenty pictures.

I heard all the REO's are off the market?

True buyers are looking to get the most house for the lowest price. It's kinda like poker, what are his cards, is he bluffing? Only a fool would show all of there cards when buying a house. You could tell a Realtor your looking for a house in X price range, but your maximum number your willing to spend could be a lot higher. Pretty much all big ticket items use this kind of bargaining, weather it's buying a house, car, negotiation a salary for a new job, hiring a contractor to put an addition on your house, etc. There is no Walmart type pricing for any of these things.