My dealersships are off in revenue ! Whos elses industry is suffering?

[Creepusmaximus]

The bank has to approve the write-down on the mortgage which through experience even in todays market is not reasonable. Don't ask me why I don't know, they are just lame I guess. What you are trying to do is called a short sale.

Short Sale in Real Estate - How to Handle a Real Estate Short Sale

In that case why can't I get a mortgage then have them write it down for me??

Where is that fair at all to others who can afford their houses??? Shit I should have bought some 10 million monster and then said I can't pay for it. "Can you whack a few million off for me then I'll be able to pay it".

 

[curvymommy]

You're looking pretty hawt these days. What's up with that?

r

These days ??? Where have you been?

JK, thanks RG.

 

[goin on 4T]

In that case why can't I get a mortgage then have them write it down for me??

Where is that fair at all to others who can afford their houses??? Shit I should have bought some 10 million monster and then said I can't pay for it. "Can you whack a few million off for me then I'll be able to pay it".

Just do the simple thing and get a list of bank owned homes in your area. The first thing to look at is the roof! I could (no bullshit) drive up to the front of the house and tell within 10%+/- what it would cost to bring up to a nice home. The largest expense is the roof. If the roof is a peice of shit than you have to calculate in water damage, rot, etc. So if the roof looks ok then the house should be workable. Don't buy a house with a new roof unless its from a bank. You will ask for a 2 year roof cert anyways which will cover you in the event of issues. Damn I could go on for ever... Simplest way for the lazy people is to go to the websites for RE angents listing homes they will now have a section specifically listed for REO homes. You should be able to find a list of homes in your area that the bank owns in most cases they will take a 30% hair cut! They are screwed and need to get this LIABILITY off their books. I won't go into why its not an asset, just know its not! In my area there are thousands of them and probably 5-10 a day. The steps on the courthouse where there used to be 50-100 people trying to buy a house are empty! No one would buy a house at an auction right now; when you can get a discount from the bank. Don't use a pay site unless it is Realtytrac.com, their data is somewhat suspect. Don't call the listing agent of a home thinking they will work on your behalf and get you a great deal so they can make a commision on both sides of the deal. They don't care 2 shits about you. They are dedicated to the bank that feeds their families with the listings they get.
Ok if you have any questions hit me up I don't know it all but I have seen alot.

 

[ortiz34]

Just do the simple thing and get a list of bank owned homes in your area. The first thing to look at is the roof! I could (no bullshit) drive up to the front of the house and tell within 10%+/- what it would cost to bring up to a nice home. The largest expense is the roof. If the roof is a peice of shit than you have to calculate in water damage, rot, etc. So if the roof looks ok then the house should be workable. Don't buy a house with a new roof unless its from a bank. You will ask for a 2 year roof cert anyways which will cover you in the event of issues. Damn I could go on for ever... Simplest way for the lazy people is to go to the websites for RE angents listing homes they will now have a section specifically listed for REO homes. You should be able to find a list of homes in your area that the bank owns in most cases they will take a 30% hair cut! They are screwed and need to get this LIABILITY off their books. I won't go into why its not an asset, just know its not! In my area there are thousands of them and probably 5-10 a day. The steps on the courthouse where there used to be 50-100 people trying to buy a house are empty! No one would buy a house at an auction right now; when you can get a discount from the bank. Don't use a pay site unless it is Realtytrac.com, their data is somewhat suspect. Don't call the listing agent of a home thinking they will work on your behalf and get you a great deal so they can make a commision on both sides of the deal. They don't care 2 shits about you. They are dedicated to the bank that feeds their families with the listings they get.
Ok if you have any questions hit me up I don't know it all but I have seen alot.

So explain how you go about finding out who to talk to IE: The bank that owns the note on the house
who do you call?
They have them listed by realtors for a reason I would think
banks aren't in the business to sell homes

 

[rsnoble-im-back]

Well let's see.......guy in town that owned 3 dealerships just closed 2, the Ford dealership down the road from him just filed B/K. Pretty easy to understand. Crappy economy, people can't buy or afraid to buy, dealers can't afford to keep cars on lots. Game over.

 

[Razorguns]

These days ??? Where have you been?

JK, thanks RG.

I'm tired of debating wars, education, immigraiton and economics. Post more pics.

r

 

[ortiz34]

so explain how you go about finding out who to talk to ie: The bank that owns the note on the house
who do you call?
They have them listed by realtors for a reason i would think
banks aren't in the business to sell homes

but people are buying used cars!
Business is great!
Pardon me for having my blinders on

 

[Creepusmaximus]

Just do the simple thing and get a list of bank owned homes in your area. The first thing to look at is the roof! I could (no bullshit) drive up to the front of the house and tell within 10%+/- what it would cost to bring up to a nice home. The largest expense is the roof. If the roof is a peice of shit than you have to calculate in water damage, rot, etc. So if the roof looks ok then the house should be workable. Don't buy a house with a new roof unless its from a bank. You will ask for a 2 year roof cert anyways which will cover you in the event of issues. Damn I could go on for ever... Simplest way for the lazy people is to go to the websites for RE angents listing homes they will now have a section specifically listed for REO homes. You should be able to find a list of homes in your area that the bank owns in most cases they will take a 30% hair cut! They are screwed and need to get this LIABILITY off their books. I won't go into why its not an asset, just know its not! In my area there are thousands of them and probably 5-10 a day. The steps on the courthouse where there used to be 50-100 people trying to buy a house are empty! No one would buy a house at an auction right now; when you can get a discount from the bank. Don't use a pay site unless it is Realtytrac.com, their data is somewhat suspect. Don't call the listing agent of a home thinking they will work on your behalf and get you a great deal so they can make a commision on both sides of the deal. They don't care 2 shits about you. They are dedicated to the bank that feeds their families with the listings they get.
Ok if you have any questions hit me up I don't know it all but I have seen alot.

At one point I owned 20+ condos on Hilton head island, bought them in the last housing crash. Did very well on them over about 7 years. I know exactly what I'm doing with real esate. In fact I'm a real estate broker still. Haven't sold anything for years but no need to throw the license away.

 

[javaguru]

Oh, the buzz associated with starting a new software project is insane. Now 2.5 years into it, when you can't figure-out why that object is using the wrong function even though you know damn well you cast it into the right subclass... that sucks!

I have the "unforeseen" issues that every software project experiences, most of the problems come from client changes during the process. However, I have that German tendency to plan everything before I write a line of code. It does suck when a third party fucks things up, when I was a young code monkey many years ago I updated some software with the latest version of Crystal Reports and it broke my software. It turned out Crystal Reports had added a third party .dll that didn't have a version number. That was a major rookie mistake by the code monkey that wrote the .dll...

 

[miplank]

but people are buying used cars!
Business is great!
Pardon me for having my blinders on

your an idiot...Why do you feel the need to keep running your mouth about something you obviously have no clue about?