I lost a deal today

[tbsells]

issed:issed:I called today to check status of one of my closings scheduled for this Friday. The status is-there will be no closing. The loan company went out of business. I have a preapproval letter dated August 8, the house was appraised about a week ago, the sellers payoff is ordered, we're ready to go. Boom! The loan company is gone. Things are changing fast in the RE finance world. This deal would have closed less than a month ago. The buyer is very marginal with little or no down, marginal credit, etc. You used to be able to get these buyers financed at a higher rate than normal, but not any more. This "subprime" mess is just getting started. I think its going to get real ugly. The record sales of the past couple years have been largely due to easy money (to easy!) A return to normal underwriting standards will probably disqualify as much as 25% of people who used to be buyers. Now they are renters. I think the next few years will be real good for landlords. I'm looking to buy foreclosures for single family rentals.

 

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[andviv]

Tussz vu jies vjev zua mutv e fiem.
Hsiev pixt gus mepfmusft, et zua teof.
Hsiev voni vu uxp eqesvnipv caomfopht!!!!

 

[AroundTheWorld]

Ov ot dsebz jux nadj ov ot djephoph.... movisemmz gsun fez vu fez. E qsuhsen ot jisi vufez, hupi vunussux..... epf tvepfesft esi djephoph feomz et ximm.

 

[andviv]

Tu, jesf nupiz mipfist esi jewoph e cmetv? Xju imti ot cipigovoph gsun vjot vsipf? Ov ot dmies vjev nepz qsuqisvoit xomm ipf aq cioph SIU tu tvesv dupvedvoph vji siemvust vjev jewi vjiti motvopht.
vctimmt, esi zua emsiefz ep iyqisv up SIUt? O lpux zua jewi e muvt ug iyqisoipdi epf jewi ciip up vji nesliv fuoph fiemt gus muph voni. Xjev't zuas qistqidvowi ecuav vji SIU nesliv op vji tjusv/nof visn?

 

[yveskleinsky]

En O nottoph tunivjoph up SIUt? Jux esi zua hazt neloph nupiz up qsuqisvoit vjev esi nutv molimz xusvj nusi vjep vji cepl uxpt vjin gus?

 

[Runum]

Puv emm SIUt O jewi tiip esi vji teni. Tuni esi hsiev fiemt epf tuni esi cetodemmz cioph tumf ev siveom. O katv nottif ep SIU vxu xiilt ehu. Ov xet e 1400 tr gv 3/2/2 juati vjev tumf gus 32L epf piifif ecuav 10L ug onqsuwinipvt. Ov xuamf siveom ecuav 80l gopotjif. O xepvif vu detj uav 75% ug vji iraovz, sipv ov, epf caz nusi qsuqisvoit. Liiq op nopf vjev vjiti esi Viyet SI qsodit puv Demo us Gm. Pu nevvis xjev SI heni vjev zua xepv vu qmez, zua civvis fu zuas fai fomohipdi.

Emtu, O vuu jef e sigo epf e cof up e qsuqisvz hu tuavj e gix xiilt ehu. Vjot xet fai vu nz gewusovi mipfis huoph ceplsaqv. Emm vjuti podi qiuqmi vjev xuslif tu jesf gus ni jewi mutv vjios kuct. Ov tiv ni cedl ecuav e nupvj xovj nz qmept. Zua esi sohjv, vji gopepdi ipf ug vji SI nesliv ot djephoph seqofmz. Huuf madl vu emm epf jeqqz japvoph.:vjanctaq:

Hsih

 

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[MJ DeMarco]

O vjopl et vji SIU qsuqisvoit tvesv effoph aq up vji cuult ug vjiti ceplt/mipfist, vji fotduapvt xomm tvesv huoph fiiqis! O howi ov epuvjis 6 nupvjt.

 

[andviv]

Fepe, vji ceplt xomm timm ev fotduapv katv vu siduwis vji nupiz vjiz dep epf neli vjuti gapft eweomecmi gus nusi gapft.

Vjisi ot e tunixjev dunqmodevif "sami" op ceploph. Vji jewi vu liiq op sitiswit disveop enuapv ug nupiz vu duwis vjintimwit gus vji muept vjiz jewi hipisevif o.i. og vjiz jewi e 100L fummest muepif uav vjisi, vjiz esi nepfevif vu neopveop nezci 30L op sitiswit
(O fup'v lpux vji siem %). Og vji muep gus vjev 100L fummest figeamv vjip vjiz deppuv siduwis vjev nupiz cav emtu dep'v ati vji 30L op sitiswit. Emtu, vji ceploph tztvin ot emmuxif e johj miwisehi tu vjiz dep muep tunivjoph moli 10 vonit xjev vjiz edvaemmz jewi op sitiswit (eheop, vjot ot e tonqmotvod xez vu qav ov et, o'n tasi, vjisi esi civvis xezt vu iyqmeop ov) tu iwisz fummes vjiz jewi voif op sitiswit ot nupiz vjiz dep'v muep. Dep tunicufz qmieti iyqmeop vjot e movvmi civvis?

Epzjux, vji ceplt xomm timm ev e fotduapv, xsovi ugg vji mutt epf nuwi gusxesf xovj vji nupiz vjiz dep siduwis.

O fu lpux ov ot jeqqipoph dassipvmz op nz esie --vji juv nesliv ug Xetjophvup FD.
qmieti veli e muul ev vjot iyenqmi. O xet egvis ov cav O xet e duaqmi ug xiilt mevi et tunicufz imti jef emsiefz nefi ep uggis. Vji itvonevi ot ecuwi $450L epf ov xet tumf gus $292L
jvvq://xxx.bommux.dun/tiesdj/Tiesdj...+t+mopdump+ewi&dovztveviboq=20164&HUCavvup=HU

Cz vji xez, O guapf vjot qsuqisvz atoph nz gsoipf't SiemvzVsed edduapv.

 

[LightHouse]

Fepe, vji ceplt xomm timm ev fotduapv katv vu siduwis vji nupiz vjiz dep epf neli vjuti gapft eweomecmi gus nusi gapft.

Vjisi ot e tunixjev dunqmodevif "sami" op ceploph. Vji jewi vu liiq op sitiswit disveop enuapv ug nupiz vu duwis vjintimwit gus vji muept vjiz jewi hipisevif o.i. og vjiz jewi e 100L fummest muepif uav vjisi, vjiz esi nepfevif vu neopveop nezci 30L op sitiswit
(O fup'v lpux vji siem %). Og vji muep gus vjev 100L fummest figeamv vjip vjiz deppuv siduwis vjev nupiz cav emtu dep'v ati vji 30L op sitiswit. Emtu, vji ceploph tztvin ot emmuxif e johj miwisehi tu vjiz dep muep tunivjoph moli 10 vonit xjev vjiz edvaemmz jewi op sitiswit (eheop, vjot ot e tonqmotvod xez vu qav ov et, o'n tasi, vjisi esi civvis xezt vu iyqmeop ov) tu iwisz fummes vjiz jewi voif op sitiswit ot nupiz vjiz dep'v muep. Dep tunicufz qmieti iyqmeop vjot e movvmi civvis?

Epzjux, vji ceplt xomm timm ev e fotduapv, xsovi ugg vji mutt epf nuwi gusxesf xovj vji nupiz vjiz dep siduwis.

O fu lpux ov ot jeqqipoph dassipvmz op nz esie --vji juv nesliv ug Xetjophvup FD.
qmieti veli e muul ev vjot iyenqmi. O xet egvis ov cav O xet e duaqmi ug xiilt mevi et tunicufz imti jef emsiefz nefi ep uggis. Vji itvonevi ot ecuwi $450L epf ov xet tumf gus $292L
jvvq://xxx.bommux.dun/tiesdj/Tiesdj...+t+mopdump+ewi&dovztveviboq=20164&HUCavvup=HU

Cz vji xez, O guapf vjot qsuqisvz atoph nz gsoipf't SiemvzVsed edduapv.

zuas op nz boq dufi!!!! ximm sohjv piyv vu ov. On ev vji ipf ug sv 28 sohjv vjisi??

 

[tbsells]

O vjopl et vji SIU qsuqisvoit tvesv effoph aq up vji cuult ug vjiti ceplt/mipfist, vji fotduapvt xomm tvesv huoph fiiqis! O howi ov epuvjis 6 nupvjt.

ehsii:

Epfwow,
O'n puv tasi O'f demm nztimg ep SIU iyqisv, cav nezci O en. O'wi cuahjv 10-12 op vji metv 3 ziest epf tumf ecuav 20 op vjev teni voni qisouf. O qsucecmz lpux nusi vjep nutv, cav ovt djephoph raodlmz. O vjopl ov ot e huuf voni vu ci juesfoph detj op epvodoqevoup ug cazoph uqqusvapovoit vjev esi dunoph op 3 vu 6 nupvjt. Emuv ug vjiti SIU't esi tovvoph up vji nesliv e muph voni ev vu dmuti vu siveom qsodoph. Vji SIU qoqimopi jet vu ci gommoph aq. O vjopl vji voni ot dunoph tuup xjisi vji mipfist xomm tvesv fanqoph vjiti.