Herald Tribune Article(Sarasota) (short sales, real estate, foreclosure)

[bjohns5647]

I just wanted to say "thank you" to the newspaper for finally coming to the realization of who's "truly" to blame for the real estate mess in our country. THE BANKS! Period. They are the ones who ignored the red flags when issuing loans. The banks knew that their loans were going to be sold off and the banks knew that the risk would NOT be on them "if" this was a fraudulent/risky loan.

As an honest pre-foreclosure investor here in Sarasota, I am proud to say that it is my job to help homeowners facing foreclosure by short sale'n and buying these "distressed" homes. I love helping people because I know the feeling of losing it "all." Over a year ago, I lost my job and was evicted and that moment changed my life forever. I do what I do to give people a chance for a clean get away..

When the tribune started this series of "undercover investigating" the real estate investor world, I was scared to death to what they would end up stating in their "opinions." Fortunately, the reporters did an excellent job sticking to the truth. I was glad to read when the paper talked about legit investors and that real estate investing will always be around. Who do you think buys up most REO's? Who do you think buys up and has the patience for short sales? < ME! LOL

Any other thoughts out there?

[Big House]

Originally Posted by bjohns5647

I just wanted to say "thank you" to the newspaper for finally coming to the realization of who's "truly" to blame for the real estate mess in our country. THE BANKS! Period. They are the ones who ignored the red flags when issuing loans. The banks knew that their loans were going to be sold off and the banks knew that the risk would NOT be on them "if" this was a fraudulent/risky loan.

As an honest pre-foreclosure investor here in Sarasota, I am proud to say that it is my job to help homeowners facing foreclosure by short sale'n and buying these "distressed" homes. I love helping people because I know the feeling of losing it "all." Over a year ago, I lost my job and was evicted and that moment changed my life forever. I do what I do to give people a chance for a clean get away..

When the tribune started this series of "undercover investigating" the real estate investor world, I was scared to death to what they would end up stating in their "opinions." Fortunately, the reporters did an excellent job sticking to the truth. I was glad to read when the paper talked about legit investors and that real estate investing will always be around. Who do you think buys up most REO's? Who do you think buys up and has the patience for short sales? < ME! LOL

Any other thoughts out there?

Welcome back scammer! How have you been? I see you changed your name! That oughta help!

[bjohns5647]

Originally Posted by Big House

Welcome back scammer! How have you been? I see you changed your name! That oughta help!

Excuse me?

[Big House]

Originally Posted by bjohns5647

Excuse me?

You are the same "well oiled machine" (honest pre-foreclosure investor) that was here before, and I guess you must have been blocked from posting for a while. So now you have a new angle and are trying to "help homeowners facing foreclosure by short sale'n and buying these "distressed" homes."

Nice new sales pitch!

Just wondering, how the little tiger would change his strips! Its nice to see that you as an honest pre-foreclosure investor, are going to be so helpful to those homewoners facing foreclosure. Kinda like a bob cat helps a little rat from being scare it might run into a snake - Ahe!

Welcome back!

[HomeStager]

Any other thoughts out there you ask?

Yes, I have some. I mostly credit the bulk investor flippers for this mess. They are the ones who were buying up 10 to 50 homes at a time with low to no down, creating a false demand, which drove prices up, making banks think people would be able to refinance up the road. The false demand also drove an excess of more building, which has contributed to the glut of inventory we are seeing now, further driving down prices.

Second to that group are the builders who didn't follow their own rules for limiting the houses a single investor could purchase in a new development, and let them buy up blocks worth turning some into ghost towns when the bottom dropped.

Second to them are the county commisioners who were giving out building permits like candy.

False demand for housing created by bulk investors caused the inflationary bubble. It was just a matter of time before new construction far exceed the amount of people looking to buy a home to live in and down it fell in a domino effect.

The rest were all just supporting actors in this charade. The bulk investor, flippers played the lead the way I see it.

[benlouix]

Originally Posted by HomeStager

Any other thoughts out there you ask?

Yes, I have some. I mostly credit the bulk investor flippers for this mess. They are the ones who were buying up 10 to 50 homes at a time with low to no down, creating a false demand, which drove prices up, making banks think people would be able to refinance up the road. The false demand also drove an excess of more building, which has contributed to the glut of inventory we are seeing now, further driving down prices.

Second to that group are the builders who didn't follow their own rules for limiting the houses a single investor could purchase in a new development, and let them buy up blocks worth turning some into ghost towns when the bottom dropped.

Second to them are the county commisioners who were giving out building permits like candy.

False demand for housing created by bulk investors caused the inflationary bubble. It was just a matter of time before new construction far exceed the amount of people looking to buy a home to live in and down it fell in a domino effect.

The rest were all just supporting actors in this charade. The bulk investor, flippers played the lead the way I see it.

Second to them are the county commisioners who were giving out building permits like candy.

Dead on, blind greed and no vision, leading to ugly urban sprawl.

[bjohns5647]

Originally Posted by Big House

You are the same "well oiled machine" (honest pre-foreclosure investor) that was here before, and I guess you must have been blocked from posting for a while. So now you have a new angle and are trying to "help homeowners facing foreclosure by short sale'n and buying these "distressed" homes."

Nice new sales pitch!

Just wondering, how the little tiger would change his strips! Its nice to see that you as an honest pre-foreclosure investor, are going to be so helpful to those homewoners facing foreclosure. Kinda like a bob cat helps a little rat from being scare it might run into a snake - Ahe!

Welcome back!

My phone number is on my profile ... Give me a call. You will see my voice is different. LOL I am sure you would say that I had the "Mission Impossible" voice changer on! LOL

Look I don't know who you are. I am sorry you had a bad experience with another investor. I will be the first to tell you that because of them, honest investors (such as myself) have a much more difficult time gaining trust.
Heck, it sounds like I'm talking about a woman's perspective about men! LOL