Almost half of 2012 home sales were distressed
Vincent Wolf March 1, 2013 And you wonder why banks are trying anything to side-step the appraisal process? A lot of banks are up to the same old tricks that got us into the 2006 mess in the first place and actively pushing `desktop appraisals` so they can push risky loans. Here we go again. Thanks Obama for allowing the loopholes to persist.
steven rivero-lowen March 1, 2013 The Foreclosure/Short Sale scenario should represent an opportunity for those who were unable to buy previously to do so now. Unfortunately, through a confluence of events this has not proven to be true. First, the banks are not lending to any appreciable degree. Second, investors, many from Canada and elsewhere, are picking up distressed property in bulk. Third, and most problematical, real estate `professionals` are playing deceitful games to take advantage of their knowledge, often employing illegal means to gain an advantage.
Joseph A. Mustich
March 1, 201How about some jail time for these banksters??
steven rivero-lowen March 1, 2013 @Joseph A. Mustich ...`jail time...` (?). Really? How about some jail time for the devious mortgage holders who defrauded the banks, FHA, VA, Fannie Mae et al. Too many defaulted, only to buy again either concurrently with the default or soon after.
Joseph A. Mustich March 1, 2013 @steven rivero-lowen @Joseph A. Mustich LOL..... you are too funny....
Joseph A. Mustich March 1, 2013 @steven rivero-lowen @Joseph A. Mustich an early april fool?
steven rivero-lowen March 1, 2013 @Joseph A. Mustich @steven rivero-lowen Oh, oh here we have another deadbeat gaming the system. Mr. Mustich probably believes he is `entitled` to gain at another`s expense. Problem is, the banks `get it,` and are hesitant to lend at all.
steven rivero-lowen March 1, 2013 A. Mustich @steven rivero-lowen On the other hand, this `fool` pays cash and lives very well. Do you, Mr. Mustich? Bet not.
Chris Scerbo
March 1, 201Yeah but sales are up so we`re good.
Joseph A. Mustich
March 1, 201@Chris Scerbo says who?
steven rivero-lowen March 1, 2013@Joseph A. Mustich @Chris Scerbo . Read the numbers, both volume and prices. Each is up in most areas.
Joseph A. Mustich March 1, 2013@steven rivero-lowen @Joseph A. Mustich @Chris Scerbo just another wall st shell game perhaps??
Flash Flood
March 1, 201Whar`s my bail out money for making my house payment on time for the last twenty eight years.
Michael Del Colliano
March 1, 201This is news?
Lois Land
March 1, 201Well that sure sounds like the health housing market we keep hearing about, doesn`t it?
steven rivero-lowen March 1, 2013@Lois Land . Had the Feds not fooled with the system, by introducing irrational schemes, this market for housing would have been healthier sooner.
Joseph A. Mustich March 1, 2013@steven rivero-lowen @Lois Land
my goldman sach neighbors here in ct made a killing with their mortgage games...inflate the market, deflate the market, buy up all the distressed properties and now rent them back to the little people...
steven rivero-lowen March 1, 2013@Joseph A. Mustich @steven rivero-lowen @Lois Land Mr. Mustich...your REAL problem is your illiteracy. Try, capitalizing, sentence structure and other elements that point to some education.
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