I don't know if it's the promise of the $8000 tax credit for first time home buyers (Which they all think they will get magically wired to the closing table, and don't understand that they have to wait till they file their taxes to get this back.... Thus forcing them to come up with some money for a down payment still), or if it's the lure of low interest rates, or what, but...
The loonies are out in force right now!
I've just had 3 seperate families all want to write contracts on my flip house. We sent them all to our lender, who has got to be one of the most creative best guys in town to deal with... And he couldn't qualify a single one of them! Can you believe people are seriously shopping homes with crappy fico scores and tons of debt? These people never cease to amaze me. I used to get a few of these from time to time, but this is a tidal wave of idiots flooding into the market, and they are just getting in the way right now. *sigh*
Cheers,
- Hakrjak
The loonies are out in force right now!
I've just had 3 seperate families all want to write contracts on my flip house. We sent them all to our lender, who has got to be one of the most creative best guys in town to deal with... And he couldn't qualify a single one of them! Can you believe people are seriously shopping homes with crappy fico scores and tons of debt? These people never cease to amaze me. I used to get a few of these from time to time, but this is a tidal wave of idiots flooding into the market, and they are just getting in the way right now. *sigh*
Cheers,
- Hakrjak
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