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Did your appraisal come in at the price you offered? Hard to say if you would have gotten the home had you not overbid. Yes, you were lubed up and bent over IMHO while the Agent strummed away on his banjo. Squealing about it now may not get the results you want. Put up a Yelp review...

Once I realized that 2+2=5, I learned to love Big Brother. Appropriate because less down is the new up in the economic newspeak world we exist in. Big Brother/Big Mother/Uncle Sugar will take care of us up until the bill of fare comes due from our creditors in Eastasia. That's...

All of Rancho Laguna is a slide area, some worse than others. There's a big church property out there that's inching closer to the ocean each month. Don't know if you can stop any of this from happening, but it's not quite the landslide prone area that was near Oreole/Bluebird Canyon that slid a...

If Big Brother cut everyone off, sort of a "NO SOUP FOR YOU!" moment, we'd likely face societal collapse. My .02c SGIP

A sharp, responsive lender with nationwide lending capability is all you need. Location is immaterial. What will be key is access by your Agent to an out of state LO. You have to consider time differences (East Coast v West Coast) and out of state LO's access to local professional service...

Banks will lend against any collateral. They appear though to want to exit the REO business and run their own version of Loan Modifications for troubled home owners - AKA Short Selling to new buyers. My .02c Soylent Green is People

The Kool-Aid is strong with this one... Anyone who believes that lending is getting less stringent is certainly not reading the guideline change memos I'm getting. My .02c Remember, Tuesday is Soylent Green day!

Awgee - I have no disagreement with you here. There isn't a solution that IS a solution with what we're seeing from the Government today. Its as if the markets have been put on a heart lung machine which has resulted in a flatline: no brain activity whatsoever. People talk about "zombie...

What we're seeing in the trenches goes like this: SS Accepted sales price: $425k Loans: $400k 1st, $150k 2nd. Appraisal: $390k...

Curious how many post here and on Redfin... Your lender will likely not allow you to pay the sellers closing costs. Please check with your lender about this as some companies policies differ from others but my guess is that your bank with "ix'nay" the payment of seller costs to close...

We will pay for the principal reductions. Aren't we now paying for everything else....? In an ideal world those investors in mortgage backed securities will have to take it all in the shorts. These investments had risk which is now be realized. Let's assume you have a 300k loan with a $50k...

Awgee - if a credible solution isn't offered to all, then revolution could follow. People are getting tired of bailouts for those who should either be in jail or forced into BK. A tipping point is approaching if we stay on our current path. Assuming that you had a means test for a pricipal...

Agreed. This will not stem the gushing. Only significant principal forgiveness will work. Principal forgiveness, payment restructuring, and equity sharing to keep prices stable is the only way to rebalance the market. My .02c Soylent Green Is People.

The incentive currently discussed is $1,000 but that, plus the pressure from Treasury, will make SS's the norm rather than REO Source: Jon Lansner OCR via Twitter. http://www.dsnews.com/articles/treasury-moves-to-offer-rewards-for-short-sales-2009-10-07 Would love to post the internal...

Most servicers are nearly fully staffed to work through the SS volume. I'd expect turn times and acceptance to shorten from 6 months to 60 days. My 02c Soylent Green Is People.

Our servicing department sent out a global email to the troops saying that their focus has turned from REO to Short Sale structuring as a way to mitigate losses. I'm guessing that other servicers are doing the same. The Treasury is now doling $$ incentives for SS completion to servicers and...

Because your home loan is likely owned by one of the Agencies (FNMA/FHLMC) you can refinance without PMI. Anyone can provide that loan for you. As most have noted, the non-lender fees are high, but it's not the lender's padding. They simply haven't shopped for services that well. Zillow's...

If your property is a condo, not a SFD, there is a .75 hit in fee. I don't believe that has been calculated in IF your home is a condo. Is this the original loan, or did you refi at one time to pull cash out? If it's not the original purchase loan it may be considered "cash out" even though you...

If the lender committed to you in any format that you would not be charged for the appraisal, then you won't get charged for it. WF pushes uncollected fees (committed often as a "cost of obtaining business") back onto their LO's when WF should simply suck it up and move on. The LO is going to...

Builders and the NAR will strangle the baby in its crib. My guess is that it's merely showboating and won't go forward. We shall see what we shall see. My .02c Soylent Green Is People.