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Location: Pittsburgh--Home of the 6 time Super Bowl Champions!
11,310 posts, read 12,373,524 times
Reputation: 4938
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Quote:
Originally Posted by the painter
Here is the b.s. story as the follow up. Spoke to my agent, who had a dozen apologies. Said he never heard from the people till Sat. late when they called and said they were ready to write an offer. YEP, they went on their own and looked at the other house, closer to town, and they had their kid crawl threw the firebox to get in an unlock the door for them! That is breaking and entering, and to use a 5 yr old to boot....any way this house was reduced a couple of days after mind to the same price, but without any updates, ect. NOW get this they offered 80k less than listed and want a rent to own for 2 yrs and THEN owner financing for 7 yrs! My agent is beside himself...so he didn't even push them to come see mind, they cant get financing is my guess. I have to say anyone who would take a deal like that is crazy and desearves to get screwed. Not a happy camper here at all, although we had someone out front again today looking.
OMG! They could be is so much trouble for doing that. Unbelievable!
OH forgot to tell you all this- Supposely starting May 1st, the appraisals will be going thru a central office and they will be using short sales and forclosures in them. This will totally screw alot of people including me. The local appraisers are trying to fight it, it will shut some of them down for sure. What ever happen to apples to apples? And what happen to trying to keep the market from collapsing. If there are only afew comps like here by me and say 3 houses sold, 2 being a shortsale for less than actual value then that will mean mine will come in at the same as the short sales. Makes me wonder why even try to sell, why not just walk?
Location: Pittsburgh--Home of the 6 time Super Bowl Champions!
11,310 posts, read 12,373,524 times
Reputation: 4938
My worries are that my home will sell for less than I owe on it. I would be screwed because I don't have thousands of dollars sitting around to bring to the closing table.
Location: Pittsburgh--Home of the 6 time Super Bowl Champions!
11,310 posts, read 12,373,524 times
Reputation: 4938
Quote:
Originally Posted by TexasGirl@Heart
My worries are that my home will sell for less than I owe on it. I would be screwed because I don't have thousands of dollars sitting around to bring to the closing table.
Quote:
Originally Posted by the painter
Me either girlfriend!
Looks like we are stuck in present until this market improves which really makes me sad beyond belief.
I've actually considered locking it up (don't want to rent it d/t potential damage by renters not to mention the hassle) and moving to Texas.
My worries are that my home will sell for less than I owe on it. I would be screwed because I don't have thousands of dollars sitting around to bring to the closing table.
Shelly are the homes in your area forclosing or doing short sales?
OH forgot to tell you all this- Supposely starting May 1st, the appraisals will be going thru a central office and they will be using short sales and forclosures in them. This will totally screw alot of people including me. The local appraisers are trying to fight it, it will shut some of them down for sure. What ever happen to apples to apples? And what happen to trying to keep the market from collapsing. If there are only afew comps like here by me and say 3 houses sold, 2 being a shortsale for less than actual value then that will mean mine will come in at the same as the short sales. Makes me wonder why even try to sell, why not just walk?
Location: Pittsburgh--Home of the 6 time Super Bowl Champions!
11,310 posts, read 12,373,524 times
Reputation: 4938
Quote:
Originally Posted by lorriem
Shelly are the homes in your area forclosing or doing short sales?
No Lorrie, actually...it's fairly stable here. The homes are selling but at a much SLOWER pace.
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