patrick.net

"Bap33 says
So far I have seen REO’s go “pending” 4 hours after going on the market, and sit “pending” for 4 months, and then returned to the market, at a lower price, but when I called on one that I have been watching for 2 years that went REO, then pending, and is on the market for $199K again — I was told by the listing agent, “we had mulitiple offers well above asking before, so you should be prepaired to go at least $230K on your offer”. And so I hung up."
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The 'multiple offers' are from realtors etc....theyre trying to come up with half your offer in cash.
Theyve been undercutting the 'loan' people for a few years now.
When you hear 'no loans'...'no lending'...believe it.
All realtor wants is a scmuck to make an offer, then they have a place to start negotiating w/ the
bank for their cash offer.

No one is getting loans..."excellent" credit or not.

How many rental props can a 'realtor' have...

I had a realtor along with a seller who threatened the neighborhood with lawsuits if they talked about 'the house'.
Fuck these realtors and the 'disclosures'.
Wait it out.

waterbaby says

“Bap33 says

So far I have seen REO’s go “pending” 4 hours after going on the market, and sit “pending” for 4 months, and then returned to the market, at a lower price, but when I called on one that I have been watching for 2 years that went REO, then pending, and is on the market for $199K again — I was told by the listing agent, “we had mulitiple offers well above asking before, so you should be prepaired to go at least $230K on your offer”. And so I hung up.”

——————————————

The ‘multiple offers’ are from realtors etc….theyre trying to come up with half your offer in cash.

Theyve been undercutting the ‘loan’ people for a few years now.

When you hear ‘no loans’…’no lending’…believe it.

All realtor wants is a scmuck to make an offer, then they have a place to start negotiating w/ the bank

for their cash offer.

No one is getting loans…”excellent” credit or not.

How many rental props can a ‘realtor’ have…
I had a realtor along with a seller who threatened the neighborhood with lawsuits if they talked about ‘the house’.

Fuck these realtors and the ‘disclosures’.
Wait it out.

I like Hotel 6.

Yes, but would you reach up your butt and pull out a vital organ in order to live in one?

...and look at the sales history for that place! And it's pending!

E-man says

@ permanent_marker,
I got the answer for you. The seller is a flipper. He recently bought this home from US Bank. Due to the recent changes in real estate laws, FHA will not finance this home because the seller has not owned it for at least 6 months. The government changed the laws the curtail real estate speculators and flippers.

THANK YOU. This is what I was looking for.

Unfortunately, as of February 1st, that is no longer true:
http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf
The game is fracking rigged people

bumping for the weekend.