Comments on: The Greatest Short Sale in History

By: Agent

Agent — Thu, 29 Dec 2011 10:44:48 +0000

Short sales are the majority of our market right now, and most of us agents are moving to work more of them.

By: contractors tax

contractors tax — Sun, 18 Jul 2010 08:42:30 +0000

Thanks for your post. I am studying this for a Uni project and found this information very useful for my last dissertation.
D Goldberg.

By: Augie

Augie — Tue, 16 Mar 2010 13:00:35 +0000

I think government intervention in free markets eliminates the word “free”. Bailing out banks, auto makers, and even homeowners has prolonged the recession. Every time the Federal Government weighs in on commerce we have the Law of Unintended Consequence rear its ugly head.Property is principal residence. Here the Treasury is demanding properties be listed, meaning a realtor commission must be paid (is that always a necessary expense?). It only applies to owner occupied properties (not the largest segment of the current foreclosure market). Last but no least, it only applies to mortgages guaranteed by Fannie or Freddy. IT leaves out a whole lot of other lenders so it may help the big guys in the lending arena, it may help a few owner occupants but it fails to deal with the fundamental problems.

By: Karen Hages

Karen Hages — Sun, 14 Mar 2010 14:47:26 +0000

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By: HAFA Program

HAFA Program — Sun, 14 Mar 2010 07:25:28 +0000

Interesting that you bring up the government buying up paper. What do you think about the new short sale guidelines from the Dept. of Treasury?

By: Augie

Augie — Fri, 05 Mar 2010 15:07:03 +0000

Welcome! t is evidently meant to be. We’re glad to have you stop by. Hope to see you again soon!

By: Augie

Augie — Wed, 17 Feb 2010 19:19:11 +0000

Definitely spooky! What were you searching for when you found us?

By: Augie

Augie — Wed, 17 Feb 2010 19:18:14 +0000

Thanks! Design was in-house and implementation was outsourced.

By: Carmelo Arlington

Carmelo Arlington — Tue, 16 Feb 2010 21:13:02 +0000

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By: Linwood Lounsberry

Linwood Lounsberry — Tue, 16 Feb 2010 20:59:46 +0000

Just thought i would comment and say neat theme, did you code it yourself? Looks great.

By: Augie

Augie — Thu, 04 Feb 2010 16:43:12 +0000

We’re not out of the woods yet but for the savvy investor who is willing to do the appropriate due diligence, opportunity abounds! Thanks for your comment.

By: Twin Buggies

Twin Buggies — Tue, 26 Jan 2010 05:10:32 +0000

Last year was real bad for real estate and Banks. It was earlier that banks got sloppy and made loans to anyone and everyone. That is why the crisis occurred. You are right that there are points and fees and lots of places in the lending process for many folks to take a piece of the action; originators, brokers, accumulators who package and sell mortgage-backed securities. All this has to be covered up and checked for before investing.

By: Augie

Augie — Tue, 08 Dec 2009 23:51:55 +0000

I don’t think you depressed anyone, I think you illustrated the point that we as individuals are responsible, not the government, for our financial future. Those that are smart enough to recognize that simple fact have a major advantage over the masses. Those that recognize it and take action have a high probability of success. As appalled as you are with the RBS execs on your side of the pond, we have our share of villains, thieves and scoundrels over here. Here its referred as “too big to fail”, referring to Citibank and Bank of America among others.

My circle is filled with entrepreneurs who refuse to take handouts and create value and are therefore valuable in their markets. These are ordinary men and women who take extraordinary action which results in them solving problems for others and thereby generating profits. In the panic, there is always opportunity for those with cool heads and honorable hearts. I wish you success

By: Trane Heat Pumps

Trane Heat Pumps — Tue, 08 Dec 2009 17:21:13 +0000

I’m from the uk and find your article fascinating, although a little above my head, but I think i get its gist! Right now we are facing the prospect of one of our major banks (RBS) throwing its toys out the pram because the government, who bailed this institution out of trouble, are saying that they are not to pay the obscene bonuses it has been paying some of its employees. I find it stagering and quite disgusting that RBS executives are acting this way. However, I supose its not suprising since the banking industry is so used to this sort of behaviour which in my opinion was created by the governments lack of policing in the first place and now it has come back to bite them!

Anyway, whats done is done but as usual through such strife its the everyday man and woman that looses out in such dire financial times.

Hope I havn’t depressed anyone!