HUD Secretary does not know the difference between REO and Oreo (Clinton, Obama)
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But this is a real estate topic. I don't go over there because it's a cesspool or hate and you are not free to share your opinion.
Had I posted it in the Food or Home forum that would have been wrong. Even though carson loves expensive dinettes and dishwashers.
Plus he's running HUD so any reasonable person thinks he should know the basics about it and he seems not to care or be interested in it or take the job seriously.
So you go to a real estate forum to push your political opinions because the political forum is a "cesspool or [sic] hate". Yeah, the motives of posting this aren't political at all.
I bought a house from Mel Martinez, former HUD Secretary, and it was the hardest deal to complete, out of 10 home purchases, including three NON-US. If HUD is selling it, it likely is a pink elephant... with serious health issues.
REO is unusual because what it stands for doesn't make sense, unless you specify the type of REO, because if it wasn't owned, it wouldn't be real estate to begin with. Widespread misusage doesn't make it any easier to understand or use. The term foreclosure is probably overused, too, unless it is a foreclosure auction. A HUD Home is one that didn't sell at the foreclosure auction, became Lender REO, and is now Government REO. Ben Carson has earned my respect, and Hillary has more dirty laundry in one Gucci bag than he'll ever have.
REO is unusual because what it stands for doesn't make sense, unless you specify the type of REO, because if it wasn't owned, it wouldn't be real estate to begin with. Widespread misusage doesn't make it any easier to understand or use. The term foreclosure is probably overused, too, unless it is a foreclosure auction. A HUD Home is one that didn't sell at the foreclosure auction, became Lender REO, and is now Government REO. Ben Carson has earned my respect, and Hillary has more dirty laundry in one Gucci bag than he'll ever have.
It's not unusual, It's Real Estate Owned as opposed to being owned by an investor or a homeowner, it's not brain surgery to know that.
He's an idiot. I don't know how he became a surgeon.
Some have speculated that he's an idiot savant and he's only good at one thing or maybe he has some autistic problems, he certainly does not come off as intelligent.
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