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07-23-2009, 03:14 PM
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Member
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Join Date: Oct 2007
Location: Ohio
74 posts, read 103,667 times
Reputation: 22
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Ditto Tim Toy's post...please elaborate, mblocal.
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07-23-2009, 04:09 PM
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Member
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Join Date: Apr 2009
25 posts, read 31,037 times
Reputation: 13
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Nbt-home ????
Where did the information come from that 10 banks are calling all the shots.
I don't see how 10 banks could agree on anything.
I am still waiting for the word to close.
Who has theit date?
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07-24-2009, 07:55 AM
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Member
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Join Date: Jul 2009
10 posts, read 7,768 times
Reputation: 10
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there are 8 banks. that is why everything has taken so long. very hard to get them to agree. you are allowed to close when you want now.
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07-24-2009, 08:18 AM
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Member
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Join Date: May 2009
51 posts, read 46,275 times
Reputation: 11
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Please explain who is in the dark here and why....
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07-24-2009, 08:43 AM
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Member
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Join Date: May 2009
Location: Chicago suburb
41 posts, read 42,648 times
Reputation: 15
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My close date is Aug 21. Only because I want to be there to supervise the furniture move. We were planning to be in MB for the golf tourney Aug 27 so I scheduled the close to coincide with that. Your realtor should contact you. Or, you can call the LAw firm ( Bellamy) to schedule your close. If people are in the dark, it may be that they have not agressively tried to get the informaiton. i have been so stressed with this for almost a year now. I have continually called my realtor, mortgage company, and friends that live in MB to get details.
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07-24-2009, 08:44 AM
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Member
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Join Date: May 2009
Location: Chicago suburb
41 posts, read 42,648 times
Reputation: 15
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MBLocal:
what does your comment mean about "in the dark"?
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07-24-2009, 09:43 AM
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Junior Member
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Join Date: Jul 2009
6 posts, read 5,410 times
Reputation: 12
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parrothd ---- You are correct, last year this time 90% of the units were 'UNDER CONTRACT'. Many of these were with flippers and some simiiar to Tim Troy's group. According to original contracts, contract holders have ten days to close on these units. So we will know very soon which ones will close and which will go into default. Once closed, the recordings become part of the public records and can be easily accessed from 'horrycounty.gov' web site. I suspect that by the end of this month all will be known.
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07-24-2009, 10:04 AM
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Member
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Join Date: May 2009
51 posts, read 46,275 times
Reputation: 11
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what are you expecting to find out? Will a large # of defaults effect services and hoa fees? Are most owners furnishing themselves or using the "designers" that were originally supplied? Coming to NMB for a golf trip in Sept(over Mem. day weekend) anyone want to show me around NBT?
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07-24-2009, 10:13 AM
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Member
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Join Date: May 2009
51 posts, read 46,275 times
Reputation: 11
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Can we come up with a better name than"flippers". It sound derogatory. How about short term investors.... STI's. Make me sound savvy, er nevermind....
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07-24-2009, 10:38 AM
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Member
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Join Date: Jul 2009
13 posts, read 9,370 times
Reputation: 10
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Our closing is scheduled for this Tuesday, July 28th. We have confirmation that the POA fees are associated with each unit and it's square footage. The developer is responsible for any unsold units and if an original purchaser defaults, the bank taking over the unit will be responsible for the POA's.
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